2019-05-13T10:47:48-05:00 2018-06-30 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2017-07-01 231352683 SWARTHMORE COLLEGE % ALICE TURBIVILLE SWAR 6103288000 500 COLLEGE AVENUE SWARTHMORE PA 19081 GREGORY N BROWN VP FIN, ADM & TREAS 6103288000 2019-05-13 true ANTONIO C RUSSO P00858539 2673303000 155.201.188.33 23522320191335000000 2019-05-13 P 7C276736B1F8534619D83B6F2AADECD8007A5E58 7C276736B1F8534619D83B6F2AADECD8007A5E58 2017 2019-02-21 02:37:17Z GREGORY N BROWN 500 COLLEGE AVENUE SWARTHMORE PA 19081 1144637597 false X www.swarthmore.edu X 1864 PA SEE ATTACHMENT 1 35 35 2741 1472 1930154 -3961224 35060000 37098000 100805000 105372000 104490404 183907609 10919422 12228916 251274826 338606525 38218000 42202000 0 0 90036711 98267493 79043 49261 7069972 76545377 76371803 204879131 216890557 46395695 121715968 2482276000 2643223000 348669000 323328000 2133607000 2319895000 X SWARTHMORE COLLEGE IS AN INSTITUTION DEDICATED TO THE FINEST UNDERGRADUATE EDUCATION, COMMITTED TO MAKING A SIGNIFICANT INTELLECTUAL CONTRIBUTION, AND RESOLVED TO BE A MICROCOSM OF, AND PREPARE LEADERSHIP FOR A MORE JUST WORLD. OUR MISSION IS TO PROVIDE AN EDUCATIONAL EXPERIENCE THAT HAS AT ITS CORE A COMMITMENT BOTH TO INTELLECTUAL VIGOR AND TO THE RESPONSIBILITY TO USE THAT VIGOR TO ADVANCE THE CONDITIONS OF HUMANITY. THE COLLEGE SEEKS TO DO THIS THROUGH AN EXCEPTIONAL ACADEMIC PROGRAM AND SUPPORTED BY PURPOSEFUL EXPERIENCES OUTSIDE OF THE CLASS ROOM. CENTRAL TO THE COLLEGE'S MISSION IS RECOGNITION OF THE FACT THAT STUDENT LEARN BOTH INSIDE AND OUTSIDE THE CLASSROOM. false false 167580513 42202000 105372000 SWARTHMORE IS A CO-EDUCATIONAL COLLEGE OF LIBERAL ARTS AND ENGINEERING DEDICATED TO INTELLECTUAL EXPLORATION, ACCESS, AND EDUCATING FOR THE COMMON GOOD. THE AVERAGE ENROLLMENT FOR FISCAL YEAR 2017-18 WAS 1,641. THERE WERE 155 STUDENTS STUDYING ABROAD. OF THE TOTAL STUDENT POPULATION, 1,418 COME FROM ACROSS THE UNITED STATES WHILE 223 COME FROM OTHER NATIONS. SWARTHMORES COMMITMENT TO FINANCIAL AID AND ACCESS IS AT THE CORE OF OUR EDUCATIONAL MISSION. THE COLLEGE STRIVES TO MAKE IT POSSIBLE FOR ALL ADMITTED STUDENTS TO ATTEND SWARTHMORE, REGARDLESS OF THEIR ABILITY TO PAY, AND MEETS 100 PERCENT OF DETERMINED NEED FOR ALL ADMITTED STUDENTS. NEARLY 60 PERCENT OF THE CLASS OF 2022 RECEIVED NEED-BASED SWARTHMORE SCHOLARSHIP AID FROM AN OVERALL FINANCIAL AID BUDGET OF $42 MILLION. SWARTHMORE'S AID AWARDS CONSIST OF GRANTS (WHICH DO NOT NEED TO BE REPAID) AND THE EXPECTATION THAT STUDENTS WILL WORK IN A PART-TIME CAMPUS-BASED JOB. THE COLLEGE'S FINANCIAL AID AWARDS ARE LOAN-FREE. SWARTHMORES 425-ACRE ARBORETUM CAMPUS INCLUDES THE CRUM WOODS, A NATURALLY WOODED AREA COMPRISING NEARLY THREE-FIFTHS OF THE COLLEGE'S LAND. IN 2015, THE COLLEGE LAUNCHED ITS ENVIRONMENTAL SUSTAINABILITY FRAMEWORK, A SET OF GUIDELINES FOR CAPITAL PROJECTS AND FACILITIES OPERATIONS THAT INCLUDES SUSTAINABLE BUILDING GUIDELINES AND A PROJECT CHECKLIST. THE FOLLOWING YEAR, THE COLLEGE INSTITUTED A CARBON CHARGE THAT PROVIDES FUNDING FOR CAMPUS INITIATIVES AND PROJECTS THAT INCREASE ENERGY CONSERVATION AND EFFICIENCY AND PROMOTE RENEWABLE ENERGY. SWARTHMORE WAS HONORED TO RECEIVE A 2017 SUSTAINABLE CAMPUS EXCELLENCE AWARD IN THE INNOVATIVE COLLABORATION CATEGORY FROM THE INTERNATIONAL SUSTAINABLE CAMPUS NETWORK FOR OUR CARBON CHARGE PROGRAM. SWARTHMORE COLLEGE IS COMMITTED TO THE PRINCIPLE OF EQUAL OPPORTUNITY FOR ALL QUALIFIED PERSONS, WITHOUT DISCRIMINATION AGAINST ANY PERSON BY REASON OF SEX, RACE, COLOR, AGE, RELIGION, NATIONAL ORIGIN, HANDICAP, OR SEXUAL ORIENTATION. THIS POLICY IS CONSISTENT WITH RELEVANT GOVERNMENTAL STATUES AND REGULATIONS, INCLUDING THOSE PURSUANT TO TITLE IX OF THE FEDERAL EDUCATION AMENDMENTS OF 1972 AND SECTION 504 OF THE FEDERAL REHABILITATION ACT OF 1973. 167580513 true true false false false false false true false true true true false false true true false true true false true false true true true false false false true true true true true true false false true false false false false true true false false true true true true false false true 2279 0 true 2741 true true true false false false false true true false false false false X 35 35 true false false false false false false true true false false true true true true true true true true false PA X X ALICE TURBIVILLE 6109576040 500 COLLEGE AVENUE SWARTHMORE PA 19081 X WILLIAM BOULDING TRUSTEE 4.0 0.0 X 0 0 0 JOHN P CHEN TRUSTEE 2.0 0.0 X 0 0 0 RHONDA RESNICK COHEN TRUSTEE 4.0 0.0 X 0 0 0 THOM COLLINS TRUSTEE 2.0 0.0 X 0 0 0 JANET SMITH DICKERSON TRUSTEE 4.0 0.0 X 0 0 0 ELIZABETH ECONOMY TRUSTEE 2.0 0.0 X 0 0 0 JANET ERLICK TRUSTEE/EX OFFICIO BOARD MBR 2.0 0.0 X 0 0 0 JAMES E GREGORY TRUSTEE 4.0 0.0 X 0 0 0 THOMAS WT HARTNETT TRUSTEE 4.0 0.0 X 0 0 0 MARILYN HOLIFIELD TRUSTEE 4.0 0.0 X 0 0 0 S LESLIE JEWETT TRUSTEE 4.0 0.0 X 0 0 0 VINCENT JONES TRUSTEE 2.0 0.0 X 0 0 0 JAKY JOSEPH TRUSTEE 4.0 0.0 X 0 0 0 HAROLD KALKSTEIN TRUSTEE 4.0 0.0 X 0 0 0 GILES K KEMP TRUSTEE 4.0 0.0 X 0 0 0 JANE LANG TRUSTEE 2.0 0.0 X 0 0 0 LUCY LANG TRUSTEE 2.0 0.0 X 0 0 0 CINDI LEIVE TRUSTEE 2.0 0.0 X 0 0 0 BENNETT LORBER TRUSTEE 2.0 0.0 X 0 0 0 JAMES LOVELACE TRUSTEE 4.0 0.0 X 0 0 0 SABRINA MARTINEZ TRUSTEE 2.0 0.0 X 0 0 0 DAVID MCELHINNY TRUSTEE 2.0 0.0 X 0 0 0 NICOLE O'DELL ODIM TRUSTEE 4.0 0.0 X 0 0 0 SIBELLA CLARK PEDDER TRUSTEE 2.0 0.0 X 0 0 0 CATHRYN POLINSKY TRUSTEE 4.0 0.0 X 0 0 0 H VINCENT POOR TRUSTEE 4.0 0.0 X 0 0 0 LOURDES ROSADO TRUSTEE 2.0 0.0 X 0 0 0 GUSTAVO SCHWED TRUSTEE 4.0 0.0 X 0 0 0 JUNE R SCOTT TRUSTEE 2.0 0.0 X 0 0 0 ROBIN M SHAPIRO TRUSTEE 4.0 0.0 X 0 0 0 SALEM D SHUCHMAN TRUSTEE 4.0 0.0 X 0 0 0 DAVID W SINGLETON TRUSTEE 4.0 0.0 X 0 0 0 THOMAS E SPOCK CHAIR 6.0 0.0 X X 0 0 0 SUJATHA SRINIVASAN TRUSTEE 4.0 0.0 X 0 0 0 DAVIA TEMIN TRUSTEE 2.0 0.0 X 0 0 0 JOSEPH L TURNER TRUSTEE 4.0 0.0 X 0 0 0 SAMUEL L HAYES III EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 JAMES C HORMEL EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 BARBARA W MATHER EMERITUS CHAIR 2.0 0.0 X 0 0 0 ELIZABETH J McCORMACK EMERITA TRUSTEE 2.0 0.0 X 0 0 0 MARGE PEARLMAN SCHEUER EMERITA TRUSTEE 2.0 0.0 X 0 0 0 J LAWRENCE SHANE EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 40.0 0.0 X X 458673 0 203360 MARK C AMSTUTZ CHIEF INVESTMENT OFFICER 40.0 0.0 X 308657 0 45596 JAMES L BOCK III DEAN OF ADMISSIONS & FIN. AID 40.0 0.0 X 223133 0 45422 H ELIZABETH BRAUN DEAN OF STUDENTS 40.0 0.0 X 204902 0 91177 GREGORY N BROWN VP FIN & ADMIN & TREASURER 40.0 0.0 X 347454 0 45596 KARL W CLAUSS VP OF COLLEGE ADVANCEMENT 40.0 0.0 X 363716 0 97320 C STUART HAIN VP FACILITIES & SERVICES 40.0 0.0 X 232416 0 24502 LORI ANN JOHNSON ASSISTANT TREASURER 40.0 0.0 X 116838 0 20179 NANCY NOWICKI NICELY SECRETARY & VP COMMUNICATIONS 40.0 0.0 X 237936 0 46697 PAMELA PRESCOD-CAESAR VP HUMAN RESOURCES 40.0 0.0 X 195125 0 38475 THOMAS STEPHENSON PROVOST 40.0 0.0 X 265438 0 91272 SHARMAINE BRADHAM LAMAR ESQ ASSISTANT SECRETARY 40.0 0.0 X 168056 0 39565 FRANK C GRUNSEICH DIRECTOR OF INVESTMENTS 40.0 0.0 X 236334 0 46798 MICHAEL COTHREN PROFESSOR 40.0 0.0 X 373858 0 7960 ALLEN SCHNEIDER PROFESSOR 40.0 0.0 X 242585 0 41553 NELSON MACKEN PROFESSOR 40.0 0.0 X 241102 0 38251 ARTHUR MCGARITY PROFESSOR 40.0 0.0 X 219493 0 37913 LYNNE MOLTER PROFESSOR 40.0 0.0 X 208890 0 37369 CONSTANCE HUNGERFORD FORMER PRESIDENT 40.0 0.0 X 189196 0 37611 4833802 0 1036616 194 true true false WS CUMBY INC 938 LINCOLN AVENUE SPRINGFIELD PA 19064 Building Services 18363382 SKANSKA USA BUILDING INC PO BOX 48118 NEWARK NJ 07101 Building Services 11258422 LF DRISCOLL COMPANY LLC 401 CITY LINE AVENUE - SUITE 500 BALA CYNWYD PA 19004 BUILDING SERVICES 7497220 ADAMS BICKEL ASSOCIATES INC 341 NORTH 10TH AVENUE ROYERSFORD PA 19107 BUILDING SERVICES 3440574 BALLINGER COMPANY 833 CHESTNUT STREET PHILADELPHIA PA 19107 BUILDING SERVICES 3433028 56 18000 2096000 34984000 2562220 37098000 TUITION & FEES 611310 83217000 83217000 ROOM & BOARD 611310 22155000 22155000 105372000 88549261 -2939260 91488521 304380 304380 102084 102084 1520807 968443 552364 0 552364 552364 900094875 805040907 95053968 95053968 95053968 13245 18000 21722 -8477 -8477 0 0 0 0 0 0 INN AT SWARTHMORE (INN & RESTAURANT) 721110 4063845 4063845 SUMMER PROGRAMS 713990 407181 407181 BKST AT SWARTHMORE (AT INN) 900099 398388 398388 6713531 6713531 11582945 338606525 105372000 1930154 194206371 0 36206855 36206855 5995145 5995145 0 3276096 863616 1994614 417866 0 72254813 56870966 12521721 2862126 6055997 4814903 975551 265543 11441977 8172217 2814582 455178 5238610 3973099 1042858 222653 0 330310 330310 199295 199295 0 49261 49261 6579000 6579000 7058947 3900366 2505587 652994 350566 35374 315192 8032905 5064583 2726831 241491 4311881 2888057 1346484 77340 0 2518731 1850661 596115 71955 3961754 2994066 539500 428188 0 2119435 1311130 308040 500265 6723191 5112406 1411100 199685 0 12501381 9626064 2500276 375041 1090620 1046064 44556 EQUIP PURCH, RENTAL & MAINT 6110820 4148310 1772717 189793 OFF-CAMPUS STUDY PROGRAMS 3568538 3568538 FOOD AND BEVERAGE (NON-TRAVEL) 3303167 2585564 717603 ANNUITY PAYMENTS 1930409 1930409 5680853 4622120 998140 60593 216890557 167580513 42240072 7069972 43483000 49778000 0 0 18309000 18184000 1681000 1563000 1185070 1140313 0 0 10985930 10537687 246093 323402 2189907 1865598 538784000 160521000 339144000 378263000 899302000 949025000 1118569000 1230675000 0 0 0 0 47181000 1868000 2482276000 2643223000 23972000 24075000 0 0 1473000 1068000 274726000 261681000 0 0 0 0 0 0 0 0 48498000 36504000 348669000 323328000 X 916658000 1002568000 998944000 1093198000 218005000 224129000 2133607000 2319895000 2482276000 2643223000 X 121715968 55696032 6579000 2297000 X false true X true true true X 4680000 X X X false 1955532000 3895000 244813000 18537000 63356000 6579000 2115768000 1746962000 35302000 257710000 17720000 60085000 6637000 1955532000 1845799000 9830000 -26573000 16857000 58458000 6779000 1746962000 1876669000 8063000 50581000 13897000 69410000 6207000 1845799000 1634685000 10121000 293055000 13225000 41993000 5974000 1876669000 0.39000 0.57000 0.04000 false false 0 5757000 5757000 0 513126000 146954000 366172000 0 0 0 0 15221000 13567000 1654000 0 4680000 4680000 378263000 FIXED INCOME 41796000 F PUBLIC EQUITY 317460000 F REAL ASSETS 206102000 F PRIVATE EQUITY 429774000 F MARKETABLE ALTERNATIVES 233045000 F OTHER 2498000 F 1230675000 0 EMPLOYEE AND FORMER EMPLOYEES 5945000 DONORS 15002000 POSTRETIREMENT HEALTH BENEFIT 14468000 CONDITIONAL ASSET RETIRMNT OBL 1089000 36504000 X 355366000 62275032 62275032 293090968 6579000 38936557 45515557 338606525 169078000 169078000 6579000 41233557 47812557 216890557 SCHEDULE D, PART III, LINE 4 DESCRIPTION OF COLLECTIONS THE COLLEGE MAINTAINS A SMALL PERMANENT COLLECTION OF ART THAT IS USED IN TEACHING (E.G., COURSES IN STUDIO ART AND ART HISTORY) AND PROVIDES STUDENTS WITH RESEARCH OPPORTUNITIES. ---------------------- SCHEDULE D, PART V, LINE 4 USE OF ENDOWMENT FUNDS BESIDES SCHOLARSHIPS, THE SWARTHMORE COLLEGE ENDOWMENT PROVIDES FUNDING FOR A VARIETY OF PROGRAMS INCLUDING PROFESSORSHIPS, FACULTY AND STUDENT RESEARCH, LIBRARY AND ACADEMIC SUPPORT, AWARDS AND PRIZES, COMMUNITY SERVICE, FACILITIES AND GROUNDS, DEBT SERVICE AND CAPITAL PROJECTS, AS WELL AS GENERAL BUDGET SUPPORT. ------------------- SCHEDULE D, PART X, LINE 2 TEXT OF FIN 48 (ASC 740) FOOTNOTE THE FOLLOWING IS THE TEXT OF THE FIN 48 (ASC 740) FOOTNOTE FROM THE CONSOLIDATED JUNE 30, 2018 SWARTHMORE COLLEGE AUDITED FINANCIAL STATEMENTS: THE COLLEGE IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS. NO ADJUSTMENTS TO THE FINANCIAL STATEMENTS HAVE RESULTED FROM UNCERTAIN TAX POSITIONS. THE COLLEGE CONTINUALLY MONITORS AND EVALUATES ITS ACTIVITIES FOR UNRELATED BUSINESS INCOME ACTIVITY. -------------------- SCHEDULE D, PART XI, LINE 4B DETAIL OF OTHER CHANGES COSTS OF RENTAL HOUSING $ (968,443) CHANGE IN PRESENT VALUE OF LIFE INCOME FUNDS (2,297,000) STUDENT AID 42,202,000 ______________ TOTAL $38,936,557 --------------------- SCHEDULE D, PART XII, LINE 4B DETAIL OF OTHER CHANGES COSTS OF RENTAL HOUSING $ (968,443) STUDENT AID 42,202,000 ____________ TOTAL $41,233,557 -------------------- true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 PUBLICATION OF RACIALLY NON-DISCRIMINATORY POLICY SWARTHMORE COLLEGE'S NON-DISCRIMINATORY POLICY IS INCLUDED IN ALL PRINTED AND BROADCAST ADVERTISING, AS WELL AS IN COLLEGE CATALOGS. SUCH POLICY IS ALSO AVAILABLE IN PRINT IN VARIOUS LOCATIONS ON CAMPUS. THE NON-DISCRIMINATORY POLICY FOR SWARTHMORE COLLEGE CAN BE FOUND AT: https://www.swarthmore.edu/equal-opportunity-office/non-discrimination-and -equal-opportunity -------------------- SCHEDULE E, LINE 6A DESCRIPTION OF FINANCIAL AID/ASSISTANCE FROM GOV'T AGENCY THE COLLEGE PARTICIPATES IN FIVE FEDERAL STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, FEDERAL PERKINS LOAN AND FEDERAL STAFFORD LOAN PROGRAMS. THE COLLEGE ALSO PARTICIPATES IN THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) STUDENT GRANT PROGRAM. THE ONLY DIRECT FINANCIAL ASSISTANCE RECEIVED BY THE COLLEGE FROM A GOVERNMENTAL AGENCY IS THE PHEAA INSTITUTIONAL ASSISTANCE GRANT. -------------------- true Europe (Including Iceland and Greenland) Investments N/A 26393069 Central America and the Caribbean Investments N/A 195792813 North America Investments N/A 2356997 Central America and the Caribbean Program Services SCHOLARSHIPS 305427 East Asia and the Pacific Program Services SCHOLARSHIPS 1275294 Europe (Including Iceland and Greenland) Program Services SCHOLARSHIPS 344342 Middle East and North Africa Program Services SCHOLARSHIPS 607159 North America Program Services SCHOLARSHIPS 898813 Russia and the Newly Independent States Program Services SCHOLARSHIPS 35679 South America Program Services SCHOLARSHIPS 543151 South Asia Program Services SCHOLARSHIPS 876174 Sub-Saharan Africa Program Services SCHOLARSHIPS 1109105 Central America and the Caribbean Program Services STUDY ABROAD 11575 East Asia and the Pacific Program Services STUDY ABROAD 30310 Europe (Including Iceland and Greenland) Program Services STUDY ABROAD 908184 Middle East and North Africa Program Services STUDY ABROAD 10772 231498864 231498864 SCHOLARSHIPS Central America and the Caribbean 5 305427 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS East Asia and the Pacific 28 1275294 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Europe (Including Iceland and Greenland) 8 344342 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Middle East and North Africa 12 607159 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS North America 16 898814 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Russia and the Newly Independent States 1 35679 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS South America 9 543151 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS South Asia 17 876174 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Sub-Saharan Africa 20 1109105 CREDIT SCHOLARSHIPS BOOK true false false true true false SCHEDULE F, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ALL SWARTHMORE COLLEGE SCHOLARSHIPS ARE DISBURSED/POSTED ELECTRONICALLY (AND INTERNALLY) DIRECTLY TO THE STUDENTS ACCOUNT. FURTHERMORE, STUDENTS RECEIVING SAID FUNDS ARE UNABLE TO WITHDRAWAL IT FROM THEIR STUDENT ACCOUNT. X X X X X X X true MARTS LUNDY 1200 WALL STREET LYNDHURST NJ 07071 GENERAL CONSULTING false 34984000 47536 34936464 34984000 47536 34936464 All States GOLF OUTING 31245 18000 13245 21722 0 31245 18000 13245 21722 21722 -8477 true SWARTHMORE COLLEGE FUNDS/SCHOLARSHIPS 806 36206855 N/A N/A SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ALL SWARTHMORE COLLEGE SCHOLARSHIPS ARE DISBURSED/POSTED ELECTRONICALLY (AND INTERNALLY) DIRECTLY TO THE STUDENTS ACCOUNT. FURTHERMORE, STUDENTS RECEIVING SAID FUNDS ARE UNABLE TO WITHDRAWAL IT FROM THEIR STUDENT ACCOUNT. X X X X X true true X X X X X true false false false false false false false false MARK C AMSTUTZ CHIEF INVESTMENT OFFICER 308657 0 0 0 0 0 27000 0 18596 0 354253 0 0 0 JAMES L BOCK III DEAN OF ADMISSIONS & FIN. AID 223133 0 0 0 0 0 22748 0 22674 0 268555 0 0 0 H ELIZABETH BRAUN DEAN OF STUDENTS 204902 0 0 0 0 0 20985 0 70192 0 296079 0 0 0 GREGORY N BROWN VP FIN & ADMIN & TREASURER 347454 0 0 0 0 0 27000 0 18596 0 393050 0 0 0 KARL W CLAUSS VP OF COLLEGE ADVANCEMENT 363716 0 0 0 0 0 27000 0 70320 0 461036 0 0 0 FRANK C GRUNSEICH DIRECTOR OF INVESTMENTS 236334 0 0 0 0 0 24087 0 22710 0 283131 0 0 0 C STUART HAIN VP FACILITIES & SERVICES 232416 0 0 0 0 0 23106 0 1395 0 256917 0 0 0 NANCY NOWICKI NICELY SECRETARY & VP COMMUNICATIONS 237936 0 0 0 0 0 23992 0 22705 0 284633 0 0 0 PAMELA PRESCOD-CAESAR VP HUMAN RESOURCES 195125 0 0 0 0 0 20030 0 18444 0 233599 0 0 0 VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 458673 0 0 0 0 0 142900 0 60460 0 662033 0 0 0 THOMAS STEPHENSON PROVOST 265438 0 0 0 0 0 68524 0 22748 0 356710 0 0 0 SHARMAINE BRADHAM LAMAR ESQ ASSISTANT SECRETARY 168056 0 0 0 0 0 17031 0 22534 0 207621 0 0 0 CONSTANCE HUNGERFORD FORMER PRESIDENT 189196 0 0 0 0 0 19214 0 18397 0 226807 0 0 0 MICHAEL COTHREN PROFESSOR 71656 0 0 0 302202 0 7064 0 896 0 381818 0 0 0 ALLEN SCHNEIDER PROFESSOR 242585 0 0 0 0 0 24495 0 17058 0 284138 0 0 0 NELSON MACKEN PROFESSOR 241102 0 0 0 0 0 23063 0 15188 0 279353 0 0 0 ARTHUR MCGARITY PROFESSOR 219493 0 0 0 0 0 19028 0 18885 0 257406 0 0 0 LYNNE MOLTER PROFESSOR 208890 0 0 0 0 0 18491 0 18878 0 246259 0 0 0 SCHEDULE J, LINE 1A DETAIL OF ADDITIONAL BENEFITS PROVIDED FIRST CLASS TRAVEL IN GENERAL, IT IS SWARTHMORE COLLEGE'S (THE "COLLEGE") POLICY THAT FIRST CLASS TRAVEL IS NOT AUTHORIZED FOR COLLEGE EMPLOYEES TRAVELING ON COLLEGE BUSINESS. HOWEVER, IN RECOGNITION THAT THE PRESIDENT TYPICALLY WORKS DURING FLIGHTS, ATTENDS DIRECTLY TO BUSINESS UPON ARRIVAL, AND CANNOT SCHEDULE IN TIME FOR ADEQUATE REST, THE BOARD OF MANAGERS HAS APPROVED THE USE OF FIRST CLASS TRAVEL FOR THE PRESIDENT ON DOMESTIC AND INTERNATIONAL FLIGHTS OVER THREE HOURS IN LENGTH. THIS POLICY EXTENDS TO THE PRESIDENT'S SPOUSE WHEN HE OR SHE ACCOMPANIES THE PRESIDENT ON BUSINESS TRAVEL. FOR ALL OTHER EMPLOYEES (FACULTY AND STAFF), FIRST CLASS TRAVEL MUST BE PRE-APPROVED BY THE PRESIDENT OR HIS/HER DESIGNATE. TRAVEL FOR COMPANIONS IN CERTAIN AUTHORIZED CIRCUMSTANCES THE COLLEGE WILL PAY, OR WILL REIMBURSE, FOR THE TRAVEL, MEALS AND EXPENSES OF THE SPOUSE/PARTNER OF AN EMPLOYEE UNDER THE COLLEGE'S ACCOUNTABLE PLAN. REIMBURSEMENTS ARE CONSIDERED TAXABLE INCOME TO THE EMPLOYEE UNLESS THE COMPANION TRAVEL IS: 1) FOR A BONA FIDE BUSINESS PURPOSE, 2) DIRECTLY BENEFITS THE COLLEGE, AND 3) IS PROPERLY DOCUMENTED AND APPROVED. ANY SPOUSE/PARTNER TRAVEL OTHER THAN THE PRESIDENT MUST BE APPROVED, IN ADVANCE, BY THE PRESIDENT OR HIS/HER DESIGNATE. TAX GROSS-UP PAYMENTS RETIREMENT PAYMENTS TO EMPLOYEES MAY INCLUDE A GROSS-UP FOR A PORTION OF THE BENEFITS PAID. RESIDENCE REQUIREMENT AS A CONDITION OF EMPLOYMENT, THE PRESIDENT, THE DEAN OF STUDENTS, AND THE VICE PRESIDENT OF COLLEGE ADVANCEMENT MAINTAINED THEIR FULL TIME RESIDENCE IN COLLEGE-PROVIDED HOUSING AND USED SUCH RESIDENCES FOR COLLEGE BUSINESS AND ENTERTAINMENT PURPOSES. SOCIAL CLUB DUES MEMBERSHIP DUES WERE PROVIDED TO ONE NEW YORK UNIVERSITY CLUBS TO BE USED FOR BUSINESS PURPOSES (ENTERTAINMENT / TRAVEL). -------------------- SCHEDULE J, PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED EARLY RETIREMENT PAYMENTS IN 2017: MICHAEL COTHREN: $302,202 ------------ SCHEDULE J, PART II ADDITIONAL INFORMATION ALL DEFERRED COMPENSATION FIGURES REPORTED ON PART II, COLUMN C, INCLUDE EMPLOYER CONTRIBUTIONS TO A QUALIFIED RETIREMENT PLAN. H. ELIZABETH BRAUN - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. KARL W. CLAUSS - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. VALERIE SMITH - OTHER COMPENSATION FIGURE IS A RESULT OF THE PAYMENT OF ACCRUED LEAVE COMPENSATION AND BENEFITS. VALERIE SMITH - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. THOMAS STEPHENSON - DEFERRED COMPENSATION ALSO INCLUDES ACCRUED LEAVE COMPENSATION AND BENEFITS. MICHAEL COTHREN - OTHER REPORTABLE COMPENSATION FIGURE WAS AN EARLY RETIREMENT PAYMENT. A SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2011 232243929 870000GN0 2011-06-29 30383328 REFUNDING 2001 BONDS- SEE PART VI false false false B SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2011B 232243929 870000GY6 2011-12-21 17177979 VAR. CAPITAL PROJECTS- SEE PART VI false false false C SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2013 232243929 870000JG2 2013-07-31 52616042 VAR. CAPITAL PROJECTS- SEE PART VI false false false D SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2015 232243929 870000KJ4 2015-07-14 59996832 VAR. CAPITAL PROJECTS- SEE PART VI false false false A 3585328 0 30397803 0 0 0 330328 0 0 0 30067475 0 2011 true false true true B 3624979 0 17594907 0 0 0 137349 0 0 17457558 0 0 2014 false false true true C 9463042 0 52626016 0 0 0 353591 0 0 18387425 33885000 0 2016 true false true true D 2377832 0 60362681 0 0 0 348937 0 0 60013744 0 0 2018 false false false true A 0 B false false false false 0 0.00100 0.00100 false false false true C false false false false 0 0.01300 0.01300 false false false true D false false false false 0 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false true false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, COLUMN (F) DESCRIPTION OF PURPOSE FOR BONDS ISSUED PART I, LINE A: THE PROCEEDS OF THE SERIES 2011 BOND ISSUED ON 6/29/2011 WERE USED TO REFUND A PORTION OF THE SWARTHMORE COLLEGE REVENUE BONDS, SERIES 2001, ISSUED ON 7/25/2001, AND TO FUND THE COSTS OF ISSUING THE 2011 BONDS. PART I, LINE B: THE PROCEEDS OF THE SERIES 2011B BOND ISSUED ON 12/21/2011 WERE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2011B BONDS. PART I, LINE C: THE PROCEEDS OF THE SERIES 2013 BOND ISSUED ON 7/31/2013 WERE USED TO REFUND THE SWARTHMORE COLLEGE REVENUE BONDS, SERIES 2008 ISSUED ON 4/30/2008 AND SERIES 2009 ISSUED ON 7/29/2009, AND USED FOR VARIOUS TAX EXEMPT CAPITAL PROJECTS AND TO FUND THE COSTS OF ISSUING THE 2013 BONDS. PART I, LINE D: THE PROCEEDS OF THE SERIES 2015 BOND ISSUED ON 7/14/2015 WILL BE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2015 BONDS. PART I, LINE E: THE PROCEEDS OF THE SERIES 2016A BOND ISSUED ON 7/19/2016 WERE USED TO ADVANCE REFUND THE 2006A REVENUE BONDS (WHICH HAD BEEN USED TO ADVANCE REFUND THE SERIES 1998 AND 2001 REVENUE BONDS), AND TO FUND THE COSTS OF ISSUING THE 2016A BONDS. PART I, LINE F: THE PROCEEDS OF THE SERIES 2016B BOND ISSUED ON 7/19/2016 WILL BE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2016B BONDS. -------------------- SCHEDULE K, PART II, LINE 3 DETAIL OF TOTAL PROCEEDS FROM ISSUE THE TOTAL PROCEEDS OF ISSUE REPORTED FOR EACH BOND LISTED INCLUDES ANY INVESTMENT EARNINGS. -------------------- SCHEDULE K, PART II, LINE 13 YEAR OF SUBSTANTIAL COMPLETION THE 2016B BONDS HAVE NOT YET MET THE DEFINITION OF SUBSTANTIAL COMPLETION. AS A RESULT, NO YEAR HAS BEEN ENTERED. -------------------- SCHEDULE K, PART III PRIVATE BUSINESS USE SINCE THE SERIES 2011 BOND WAS USED TO ADVANCED REFUND THE SERIES 2001 BONDS, THIS SECTION IS NOT APPLICABLE. SINCE THE SERIES 2016A BOND WAS USED TO ADVANCED REFUND THE SERIES 2006A BONDS (WHICH HAD BEEN USED TO ADVANCE REFUND THE SERIES 1998 AND 2001 REVENUE BONDS), THIS SECTION IS NOT APPLICABLE. -------------------- SCHEDULE K, PART IV, LINE 2C DATE THE REBATE COMPUTATION WAS PERFORMED SERIES 2011: 09/15/2018 SERIES 2011B: 12/21/2016 SERIES 2013: 07/30/2018 SERIES 2015: 09/15/2018 SERIES 2016A: 08/15/2018 SERIES 2016B: 08/15/2018 -------------------- A SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2016A 232243929 870000KY1 2016-08-16 73699674 REFUNDING PRIOR BOND- SEE PART VI false false false B SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2016B 232243929 870000LW4 2016-08-16 25244118 VAR. CAPITAL PROJECTS- SEE PART VI false false false A 6117674 0 73699731 0 0 0 344674 0 0 0 73355057 0 2016 false true true true B 710118 0 25508337 0 0 0 194356 0 0 24629629 0 684352 false false false true A 0 B false false false false 0 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true A true B true James L Bock III OFFICER MORTGAGE X 340000 195889 false true true Gregory N Brown OFFICER MORTGAGE X 410000 370981 false true true Arthur McGarity HIGHLY COMPENSATED EMPLOYEE MORTGAGE X 117500 115826 false true true Pamela Prescod-Caesar OFFICER MORTGAGE X 315500 296198 false true true Thomas Stephenson OFFICER MORTGAGE X 328000 161419 false true true 1140313 X 1 9000 Fair Market Value X 115 2553220 Fair Market Value 0 false true false SCHEDULE M, PART I, LINE 32 USE OF THIRD PARTIES SWARTHMORE COLLEGE MAINTAINS ACCOUNTS AT SEVERAL BROKERAGE FIRMS TO FACILITATE THE SALE OF ANY NON-CASH CONTRIBUTIONS IT MAY RECEIVE. --------------- SCHEDULE M, PART I, COLUMN (B) INFORMATION REGARDING NUMBER OF CONTRIBUTIONS SWARTHMORE COLLEGE IS REPORTING THE AGGREGATE NUMBER OF CONTRIBUTIONS RECEIVED OF SCHEDULE M, PART I, COLUMN B (NOT THE NUMBER OF ITEMS RECEIVED). FORM 990, PART VI, LINE 11 AND 11A FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED INTERNALLY BY SWARTHMORE COLLEGE. IT IS REVIEWED BY THE APPROPRIATE SENIOR MANAGEMENT AND A NATIONALLY RECOGNIZED ACCOUNTING FIRM. BEFORE THE FORM 990 IS FILED, IT IS PROVIDED TO THE AUDIT AND RISK MANAGEMENT COMMITTEE, THE FINANCE COMMITTEE, AND ALL BOARD MEMBERS FOR THEIR REVIEW. -------------------- FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY SWARTHMORE COLLEGE HAS TWO CONFLICT OF INTEREST POLICIES--ONE FOR ITS BOARD MEMBERS AND ONE FOR EMPLOYEES. EACH YEAR ALL MEMBERS OF THE BOARD RECEIVE A SURVEY REMINDING THEM OF THE POLICY AND REQUESTING DISCLOSURE OF BUSINESS AND CHARITABLE AFFILIATIONS, TRANSACTIONS WITH THE COLLEGE, AND ANY POSSIBLE CONFLICTS. LIKEWISE, ALL SUPERVISORY STAFF OF THE COLLEGE RECIEVES A SURVEY REMINDING THEM OF THE EMPLOYEE CONFLICT OF INTEREST POLICY AND ASKING THEM FOR OTHER BUSINESS AND CHARITABLE AFFILIATIONS, TRANSACTIONS WITH THE COLLEGE, AND ANY POSSIBLE CONFLICTS FOR THEMSELVES OR ANY MEMBER OF THE STAFF REPORTING TO THEM. THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF MANAGERS RECEIVES A SUMMARY OF ALL RESPONSES AND ADDRESSES POSSIBLE CONFLICTS WHICH ARISE. -------------------- FORM 990, PART VI, LINE 15B PROCESS FOR DETERMINING OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE COMPENSATION THE COMPENSATION COMMITTEE OF THE BOARD OF MANAGERS REVIEWS AND APPROVES THE COMPENSATION FOR COMPENSATED OFFICERS, DIRECTORS, AND KEY EMPLOYEES, INCLUDING THE PRESIDENT. THE COMMITTEE REVIEWS COMPARATIVE DATA OBTAINED FROM AN INDEPENDENT CONSULTANT, CONSULTS WITH THE PRESIDENT REGARDING THE PERFORMANCE OF EACH OFFICER, DIRECTOR AND KEY EMPLOYEE THAT REPORTS TO THE PRESIDENT AND SETS THE COMPENSATION FOR EACH OF THEM. THE COMPENSATION COMMITTEE SEPARATELY REVIEWS THE PERFORMANCE OF THE PRESIDENT AND USES COMPARATIVE DATA TO DETERMINE THE PRESIDENT'S COMPENSATION FOR THE SUBSEQUENT YEAR. THIS PROCESS IS COMPLETED ANNUALLY. -------------------- FORM 990, PART VI, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. THE COLLEGE MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE VIA THE COLLEGE'S WEBSITE. THE COLLEGE MAKES ITS FINANCIAL STATEMENTS AVAILABLE VIA THE COLLEGE'S WEBSITE. -------------------- FORM 990, PART XI, LINE 9 DETAIL OF OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGE IN PRESENT VALUE OF LIFE INCOME FUNDS $10,000 CHANGE IN OTHER POST RETIREMENT BENEFITS 2,287,000 __________ $2,297,000 -------------------- PARRISH LLC 500 COLLEGE AVE SWARTHMORE PA 19081 460563007 INN/RESTAURNT PA 4542980 -805729 SWARTHMORE MARJAY PRODUCTIONS INC 1007 ORANGE STREET SUITE 1410 WILMINGTON DE 19801 131952572 LITERARY WORK DE NA C CORPORATION 5 97984 1.00000 true CHARITABLE REMAINDER ANNUITY TRUSTS CRATs - 3 SWARTHMORE PA 19081 N/A PA NA TRUST CHARITABLE REMAINDER UNITRUSTS CRUTs - 29 SWARTHMORE PA 19081 N/A PA NA TRUST NET INC CHARITABLE REMAINDER UNITRUSTs NIMCRUTs - 6 SWARTHMORE PA 19081 N/A PA NA TRUST true false false false false false false false false false false false false false false false false false Marjay Productions Inc A 150000 PER ESTATE DOC.