THE TRUSTEES OF GRINNELL COLLEGE: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
THE TRUSTEES OF GRINNELL COLLEGE (EIN 42-0680387)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-04
IRS object ID
201811249349300131
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-04T09:51:36-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1220 SOUTH SIXTH ST STE 300AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN420680387EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TRUSTEES OF GRINNELL COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTRUSBusinessNameControlTxt
Phone6412699700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1733 BROAD STREETAddressLine1Txt
CityGRINNELLCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50112ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNANCY COMBSPersonNm
Person TitleASSISTANT TREASURERPersonTitleTxt
Phone6412699700PhoneNum
Signature2018-05-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKAREN GRIESPreparerPersonNm
PTINP00078514PTIN
Phone6123764500PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1GRINNELL COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerDR RAYNARD S KINGTONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1733 BROAD STREETAddressLine1Txt
CityGRINNELLCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50112ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$859,281,296GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GRINNELL.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1846FormationYr
Legal Domicile StateIALegalDomicileStateCd
Activity Or MissionTO EDUCATE STUDENTS IN THE LIBERAL ARTS THROUGH FREE INQUIRY AND THE OPEN EXCHANGE OF IDEAS.ActivityOrMissionDesc
Voting Members Governing Body28VotingMembersGoverningBodyCnt
Voting Members Independent28VotingMembersIndependentCnt
Total Employee2692TotalEmployeeCnt
Total Volunteers2077TotalVolunteersCnt
Total Gross UBI$326,561TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$45,159NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$14,994,818PYContributionsGrantsAmt
CY Contributions Grants$11,102,250CYContributionsGrantsAmt
PY Program Service Revenue$94,602,833PYProgramServiceRevenueAmt
CY Program Service Revenue$97,751,874CYProgramServiceRevenueAmt
PY Investment Income$41,189,575PYInvestmentIncomeAmt
CY Investment Income$112,969,263CYInvestmentIncomeAmt
PY Other Revenue$887,197PYOtherRevenueAmt
CY Other Revenue$1,016,796CYOtherRevenueAmt
PY Total Revenue$151,674,423PYTotalRevenueAmt
CY Total Revenue$222,840,183CYTotalRevenueAmt
PY Grants And Similar Paid$48,918,541PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$49,532,248CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$68,813,218PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$73,712,532CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$56,875PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$9,588CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,055,419CYTotalFundraisingExpenseAmt
PY Other Expenses$48,482,727PYOtherExpensesAmt
CY Other Expenses$50,179,419CYOtherExpensesAmt
PY Total Expenses$166,271,361PYTotalExpensesAmt
CY Total Expenses$173,433,787CYTotalExpensesAmt
PY Revenues Less Expenses-$14,596,938PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$49,406,396CYRevenuesLessExpensesAmt
Total Assets BOY$1,945,993,437TotalAssetsBOYAmt
Total Assets EOY$2,300,451,142TotalAssetsEOYAmt
Total Liabilities BOY$132,736,862TotalLiabilitiesBOYAmt
Total Liabilities EOY$251,186,258TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,813,256,575NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,049,264,884NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionWHEN GRINNELL COLLEGE FRAMED ITS CHARTER IN THE IOWA TERRITORY OF THE UNITED STATES IN 1846, IT SET FORTH A MISSION TO EDUCATE ITS STUDENTS "FOR THE DIFFERENT PROFESSIONS AND FOR THE HONORABLE DISCHARGE OF THE DUTIES OF LIFE."MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$92,508,702ExpenseAmt
Grant$48,367,306GrantAmt
Revenue$79,898,380RevenueAmt
DescINSTRUCTIONAL PROGRAMS INCLUDE HUMANITIES, SCIENCES, SOCIAL STUDIES AND SPECIAL PROGRAMS INCLUDING INTERNATIONAL EDUCATION. GRINNELL OFFERS A BACHELOR OF ARTS IN 27 MAJOR FIELDS WITH 12 CONCENTRATIONS AND A 1:9 FACULTY TO STUDENT RATIO. GRINNELL COLLEGE HAS APPROXIMATELY 1600 STUDENTS GENERALLY FROM ALL STATES AND ABOUT 50 OTHER COUNTRIES. AT THE CENTER OF A GRINNELL EDUCATION IS INTENSIVE MENTORING OF STUDENTS BY THE FACULTY. THIS MENTORING BEGINS IN THE FIRST-YEAR TUTORIAL, THE ONLY REQUIRED COURSE AT GRINNELL COLLEGE. WHILE FACULTY MEMBERS FROM ALL ACADEMIC DEPARTMENTS TEACH THE TUTORIAL AND THEIR TOPICS VARY WIDELY, EVERY TUTORIAL EMPHASIZES WRITING, CRITICAL THINKING AND ANALYSIS, ORAL DISCUSSION SKILLS, AND INFORMATION LITERACY. EACH TUTOR ALSO SERVES AS ADVISER TO THE TUTORIAL STUDENTS UNTIL THEY DECLARE A MAJOR FIELD OF STUDY. THUS, STUDENTS RECEIVE GUIDANCE FROM AN INSTRUCTOR WITH PERSONAL KNOWLEDGE OF THEIR ACADEMIC INTERESTS, APTITUDES, AND NEEDS. THE TUTORIAL IS USUALLY LIMITED TO 12 STUDENTS, MAKING IT SMALLER THAN THE AVERAGE CLASS, THOUGH SIMILAR IN INTENSITY TO THE REST OF THE CURRICULUM. IN KEEPING WITH THE MENTORING APPROACH, GRINNELL CLASSES GENERALLY ARE SMALL, WITH AN AVERAGE ENROLLMENT OF 16 AND FEWER THAN 9 PERCENT OF CLASSES ABOVE 30 STUDENTS. MANY ACADEMIC PROGRAMS OFFER A MENTORED ADVANCED PROJECT (MAP), EITHER AS INDEPENDENT STUDY OR IN THE CONTEXT OF A SEMINAR. THE MAP, CLOSELY GUIDED BY A FACULTY DIRECTOR, GIVES UPPER-LEVEL STUDENTS THE OPPORTUNITY TO CULMINATE A SEQUENCE OF ACADEMIC WORK BY COMPLETING AN ADVANCED PROJECT IN RESEARCH OR CREATIVE ARTS.AT ALL LEVELS OF THE CURRICULUM, GRINNELL COLLEGE STUDENTS RECEIVE AN EDUCATION ROOTED IN ACTIVE EXPERIENCE. FOR EXAMPLE, STUDENTS IN SCIENCE CLASSES ENGAGE IN DISCOVERY-BASED LEARNING, EVEN AT THE INTRODUCTORY LEVEL. EACH AREA OF THE FINE ARTS OFFERS OPPORTUNITIES FOR CREATIVE PRACTICE ALONGSIDE THE STUDY OF HISTORY, THEORY, AND FORMAL ANALYSIS. OUTSIDE THE CLASSROOM, THE CENTER FOR CAREERS, LIFE, AND SERVICE HAS COORDINATED MORE THAN 500 COLLEGE-FUNDED SUMMER INTERNSHIPS FOR STUDENTS OVER THE PAST FIVE YEARS. ABOUT A THIRD OF STUDENTS PARTICIPATE IN INTERCOLLEGIATE ATHLETICS THROUGH MEMBERSHIP ON VARSITY TEAMS. STUDENT-REGULATED RESIDENCE LIFE, ANOTHER IMPORTANT FEATURE OF A GRINNELL EDUCATION, TEACHES STUDENTS THE PRAGMATIC SOCIAL SKILLS OF SELF-GOVERNANCE AS THEY LIVE TOGETHER IN COMMUNITY. THE COLLEGE OFFERS A CALENDAR PACKED WITH CULTURAL EVENTS AND ACTIVITIES, INCLUDING CONCERTS, LECTURES, THEATRE, FILMS, AND OPPORTUNITIES FOR VOLUNTEER AND CIVIC INVOLVEMENT. GRINNELL HAS NEVER HAD FRATERNITIES OR SORORITIES; SOCIAL EVENTS ARE OPEN TO ALL MEMBERS OF THE COLLEGE.GRINNELL'S EMPHASIS ON ACTIVE LEARNING EXTENDS TO PARTICIPATION IN THE GLOBAL COMMUNITY. WITH INTERNATIONAL STUDENTS MAKING UP MORE THAN 10 PERCENT OF THE STUDENT BODY AND DOMESTIC STUDENTS REPRESENTING EVERY STATE, GRINNELL OFFERS A GEOGRAPHICALLY AND CULTURALLY DIVERSE ENVIRONMENT FOR LIVING AND LEARNING. A FLOURISHING CENTER FOR INTERNATIONAL STUDIES COORDINATES AND HIGHLIGHTS THE MANY COURSES AND PROGRAMS AT GRINNELL COLLEGE WITH A GLOBAL PERSPECTIVE. EVEN WITHOUT A LANGUAGE REQUIREMENT, NEARLY ALL STUDENTS ELECT TO STUDY A FOREIGN LANGUAGE. MORE THAN HALF OF GRINNELL STUDENTS (A NUMBER MATCHED BY VERY FEW OTHER COLLEGES) SPEND A SEMESTER IN OFF-CAMPUS STUDY. NEARLY ALL OF THESE STUDENTS DECIDE TO LIVE AND STUDY OUTSIDE OF THE UNITED STATES. ABOVE ALL, GRINNELL COLLEGE ENTRUSTS STUDENTS WITH AN UNCOMMON LEVEL OF RESPONSIBILITY FOR THEIR OWN COLLEGE EXPERIENCE. JUST AS SELF-GOVERNANCE IS CENTRAL TO RESIDENTIAL LIFE AT THE COLLEGE, THE RESPONSIBILITY OF EACH STUDENT TO CHOOSE A UNIQUE SET OF COURSES IS CENTRAL TO THE WAY GRINNELL ORGANIZES ITS CURRICULUM. STUDENTS EXERCISE THIS RESPONSIBILITY NOT IN ISOLATION, BUT WITH THE ACTIVE GUIDANCE OF THEIR FACULTY ADVISERS AND OTHER FACULTY MENTORS. INTENSIVE TEACHING, ACTIVE LEARNING, RESIDENCE IN A COMMUNITY OF CULTURAL AND GLOBAL DIVERSITY, AND SELF-GOVERNANCE IN BOTH SOCIAL AND ACADEMIC LIFE--THESE ELEMENTS COME TOGETHER AT GRINNELL COLLEGE TO FORM A DISTINCTIVE EXPERIENCE OF LIBERAL EDUCATION.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$23,353,344ExpenseAmt
Grant$499,130GrantAmt
Revenue$419,032RevenueAmt
DescSTUDENT SERVICES INCLUDES REGISTRATION, COUNSELING, ADMISSION AND FINANCIAL AID, HEALTH SERVICES, INTERCOLLEGIATE ATHLETICS, LECTURES, CONVOCATIONS AND OTHER STUDENT PROGRAMS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$25,765,073ExpenseAmt
Grant$665,812GrantAmt
Revenue$0RevenueAmt
DescACADEMIC AND INSTITUTIONAL SUPPORT INCLUDES LIBRARY, FACULTY DEVELOPMENT, COMPUTER SERVICES, PUBLIC RELATIONS, PRINTING SERVICES, MAIL SERVICES, AND OTHER EXPENDITURES TO SUPPORT THE ACTIVITIES OF THE COLLEGE.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$18,008,811ExpenseAmt
Grant$0GrantAmt
Revenue$17,434,462RevenueAmt
DescOTHER PROGRAM SERVICES INCLUDE AUXILIARY ENTERPRISES SUCH AS HOUSING AND FOOD SERVICES.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$18,008,811TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$17,434,462TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$159,635,930TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art ContributionYes (1)DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document2286IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2692EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryUKForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members28GoverningBodyVotingMembersCnt
Independent Voting Member28IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or Procedure0WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonNANCY COMBSPersonNm
Phone6412693500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1733 BROAD STREETAddressLine1Txt
CityGRINNELLCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50112ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (55 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
TRISH FITZGIBBONS ANDERSON
TRUSTEE & VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
DAVID BRAMAN
TRUSTEE & VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
PETER CALVERT
ALUMNI COUNCIL PRESIDENT0.00Yes (X)$0$0$0
ODILE DISCH-BHADKAMKAR
TRUSTEE0.00Yes (X)$0$0$0
LAURA FERGUSON
TRUSTEE1.00Yes (X)$0$0$0
SHELLEY FLOYD
TRUSTEE2.00Yes (X)$0$0$0
HAROLD FUSON JR
TRUSTEE2.00Yes (X)$0$0$0
JULIE GOSSELINK
TRUSTEE0.00Yes (X)$0$0$0
CHARLES GOTTDIENER
TRUSTEE1.00Yes (X)$0$0$0
ATUL GUPTA
TRUSTEE1.00Yes (X)$0$0$0
STEVE HOLTZE
TRUSTEE1.00Yes (X)$0$0$0
MICHAEL KAHN
TRUSTEE2.00Yes (X)$0$0$0
JOHN KISPERT
TRUSTEE2.00Yes (X)$0$0$0
CLINTON KORVER
TRUSTEE1.00Yes (X)$0$0$0
SYLVIA KWAN
TRUSTEE2.00Yes (X)$0$0$0
TOBI KLEIN MARCUS
TRUSTEE2.00Yes (X)$0$0$0
DAVID MAXWELL
TRUSTEE1.00Yes (X)$0$0$0
SUSAN HOLDEN MCCURRY
TRUSTEE1.00Yes (X)$0$0$0
KATHRYN MOHRMAN
TRUSTEE1.00Yes (X)$0$0$0
GEORGE MOOSE
TRUSTEE & VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
JEANNE MYERSON
TRUSTEE0.00Yes (X)$0$0$0
ANGELA ONWUACHI-WILLIG
ALUMNI COUNCIL PRESIDENT1.00Yes (X)$25,000$0$0
W ED SENN
TRUSTEE2.00Yes (X)$0$0$0
KAREN SHAFF
TRUSTEE1.00Yes (X)$0$0$0
M ANNE SPENCE
TRUSTEE1.00Yes (X)$0$0$0
JOEL SPIEGEL
TRUSTEE1.00Yes (X)$0$0$0
BARRETT THOMAS
TRUSTEE & VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
SHERYL WALTER
TRUSTEE0.00Yes (X)$0$0$0
MATTHEW WELCH
TRUSTEE1.00Yes (X)$0$0$0
ERIC WHITAKER
TRUSTEE2.00Yes (X)$0$0$0
CONNIE WIMER
TRUSTEE1.00Yes (X)$0$0$0
JOHN EGAN
LIFE TRUSTEE1.00Yes (X)$0$0$0
PATRICIA FINKELMAN
LIFE TRUSTEE & CHAIR2.00Yes (X)Yes (X)$0$0$0
TODD LINDEN
LIFE TRUSTEE2.00Yes (X)$0$0$0
RANDALL MORGAN JR
LIFE TRUSTEE1.00Yes (X)$0$0$0
ROBERT MUSSER
LIFE TRUSTEE1.00Yes (X)$0$0$0
GREGG NARBER
LIFE TRUSTEE0.00Yes (X)$0$0$0
RAYNARD KINGTON
PRESIDENT60.00Yes (X)$599,879$0$217,244
SCOTT WILSON
CHIEF INVESTMENT OFFICER60.00Yes (X)$666,056$0$48,278
KATE WALKER
TREASURER60.00Yes (X)$273,531$0$44,800
SUSAN SCHOEN
SECRETARY50.00Yes (X)$103,579$0$27,242
JOSEPH BAGNOLI
VP ENROLLMENT60.00$215,598$0$67,666Yes (X)
SHANE JACOBSON
VP DEVELOPMENT & ALUMNI RELATIONS60.00$269,798$0$47,056Yes (X)
MICHAEL LATHAM
DEAN OF THE COLLEGE60.00$282,523$0$47,389Yes (X)
DAVID ROBINSON
CHIEF INFORMATION OFFICER60.00$172,012$0$39,212Yes (X)
ANGELA VOOS
VP STRATEGIC PLANNING & CHIEF OF STAFF60.00$204,423$0$24,080Yes (X)
JONATHAN ANDELSON
PROFESSOR OF ANTHROPOLOGY50.00$172,713$0$42,983Yes (X)
ANDREW CHOQUETTE
DIRECTOR OF INVESTMENTS50.00$309,800$0$49,939Yes (X)
HENRY MOYER
PROFESSOR OF POLITICAL SCIENCE50.00$187,111$0$27,571Yes (X)
JAMES SWARTZ
PROFESSOR OF CHEMISTRY50.00$188,668$0$36,243Yes (X)
DAVID CAMPBELL
PROFESSOR OF BIOLOGY50.00$168,034$0$39,842Yes (X)
DAVID CLAY
SENIOR ADVISOR24.00$370,960$0$45,897Yes (X)
DAVID LOPATTO
PROFESSOR OF PSYCHOLOGY50.00$168,475$0$103,166Yes (X)
PAULA SMITH
PROFESSOR OF ENGLISH50.00$145,498$0$15,317Yes (X)
JOHN KALKBRENNER
ASST VP FOR AUXILIARY SERVICES50.00$197,363$0$41,700Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,721,021TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$965,625TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K118IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
EYP ARCHITECTURE & ENGINEERING
5TH FLOOR 201 FULLER ROADALBANYNY12203ARCHITECT$2,209,985
NEUBERGER BERMAN LLC
605 THIRD AVENUE 36TH FLOORNEW YORKNY10158INVESTMENT MANAGER$1,816,044
SOUTHEASTERN ASSET MANAGEMENT
6410 POPLAR AVENUEMEMPHISTN38119INVESTMENT MANAGER$1,440,017
EAGLE CAPITAL
499 PARK AVENUE 17TH FLOORNEW YORKNY10022INVESTMENT MANAGER$1,212,783
BARES CAPITAL MANAGEMENT
12600 HILL COUNTRY BLVD SUITE R-23AUSTINTX78738INVESTMENT MANAGER$700,569
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K22CntrctRcvdGreaterThan100KCnt
Government Grants$1,130,678GovernmentGrantsAmt
All Other Contributions$9,971,572AllOtherContributionsAmt
Noncash Contributions$1,502,762NoncashContributionsAmt
Total Contributions$11,102,250TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
TUITION AND FEES611600$79,807,637$79,807,637
AUXILIARY SERVICES611710$17,160,169$17,160,169
FEES, SOURCES, AND FINE611710$419,032$419,032
ALUMNI FEES611710$274,293$274,293
INDIRECT COST RECOVERY611710$49,281$49,281

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$41,462TotalRevenueColumnAmt
Related Or Exempt Func Income$41,462RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$97,751,874TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$33,035,539TotalRevenueColumnAmt
Unrelated Business Revenue$326,561UnrelatedBusinessRevenueAmt
Exclusion$32,708,978ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$570,214TotalRevenueColumnAmt
Exclusion$570,214ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,010,195TotalRevenueColumnAmt
Exclusion$1,010,195ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$142,797RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$167,825RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$25,028RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$25,028TotalRevenueColumnAmt
Exclusion-$25,028ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$715,135,052SecuritiesAmt
Other$501,746OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$635,589,855SecuritiesAmt
Other$683,433OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$79,545,197SecuritiesAmt
Other-$181,687OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$79,363,510TotalRevenueColumnAmt
Exclusion$79,363,510ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$31,629TotalRevenueColumnAmt
Exclusion$31,629ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$31,629OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$222,840,183TotalRevenueColumnAmt
Related Or Exempt Func Income$79,849,099RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$326,561UnrelatedBusinessRevenueAmt
Exclusion$131,562,273ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$308,287TotalAmt
Program Services$308,287ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$41,556,858TotalAmt
Program Services$41,556,858ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$7,667,103TotalAmt
Program Services$7,667,103ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,609,707TotalAmt
Program Services$438,572ProgramServicesAmt
Management And General$1,495,432ManagementAndGeneralAmt
Fundraising$675,703FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$1,812,816TotalAmt
Program Services$834,671ProgramServicesAmt
Management And General$978,145ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$52,236,202TotalAmt
Program Services$47,489,346ProgramServicesAmt
Management And General$2,067,854ManagementAndGeneralAmt
Fundraising$2,679,002FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$4,611,519TotalAmt
Program Services$4,114,236ProgramServicesAmt
Management And General$252,673ManagementAndGeneralAmt
Fundraising$244,610FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$8,514,464TotalAmt
Program Services$7,660,977ProgramServicesAmt
Management And General$452,258ManagementAndGeneralAmt
Fundraising$401,229FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$3,927,824TotalAmt
Program Services$3,462,074ProgramServicesAmt
Management And General$256,546ManagementAndGeneralAmt
Fundraising$209,204FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$771,975TotalAmt
Program Services$255,858ProgramServicesAmt
Management And General$514,867ManagementAndGeneralAmt
Fundraising$1,250FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$131,419TotalAmt
Management And General$131,419ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$9,588TotalAmt
Fundraising$9,588FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$5,621TotalAmt
Program Services$2,194ProgramServicesAmt
Management And General$3,427ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,667,939TotalAmt
Program Services$1,859,767ProgramServicesAmt
Management And General$547,287ManagementAndGeneralAmt
Fundraising$260,885FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$248,899TotalAmt
Program Services$186,040ProgramServicesAmt
Management And General$62,165ManagementAndGeneralAmt
Fundraising$694FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,412,174TotalAmt
Program Services$7,755,908ProgramServicesAmt
Management And General$107,820ManagementAndGeneralAmt
Fundraising$548,446FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$2,419,859TotalAmt
Program Services$2,109,916ProgramServicesAmt
Management And General$290,662ManagementAndGeneralAmt
Fundraising$19,281FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$23,535TotalAmt
Program Services$23,535ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$6,173,726TotalAmt
Program Services$6,084,807ProgramServicesAmt
Management And General$66,165ManagementAndGeneralAmt
Fundraising$22,754FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,806,650TotalAmt
Program Services$2,962,252ProgramServicesAmt
Management And General$273,528ManagementAndGeneralAmt
Fundraising$570,870FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,671,495TotalAmt
Program Services$1,175,604ProgramServicesAmt
Management And General$243,088ManagementAndGeneralAmt
Fundraising$252,803FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,475,478TotalAmt
Program Services$4,475,478ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$10,270,303TotalAmt
Program Services$9,922,046ProgramServicesAmt
Management And General$259,138ManagementAndGeneralAmt
Fundraising$89,119FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$544,743TotalAmt
Program Services$544,743ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
OFF-CAMPUS PROGRAM COST$3,276,098$3,276,098
DINING PROGRAM FOOD COS$2,578,706$2,578,706
SPECIAL PROGRAMS$461,177$408,290$52,743$144
UNRELATED BUSINESS INCO-$388,599-$388,599

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,628,221TotalAmt
Program Services$2,482,564ProgramServicesAmt
Management And General$75,820ManagementAndGeneralAmt
Fundraising$69,837FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$173,433,787TotalAmt
Program Services$159,635,930ProgramServicesAmt
Management And General$7,742,438ManagementAndGeneralAmt
Fundraising$6,055,419FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,959,421BOYAmt
EOY$2,133,944EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$12,162,561BOYAmt
EOY$8,690,628EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,403,159BOYAmt
EOY$1,408,743EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$12,972BOYAmt
EOY$18,945EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$929,220BOYAmt
EOY$1,025,329EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,554,693BOYAmt
EOY$3,305,462EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$438,119,031LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$201,719,962LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$226,641,493BOYAmt
EOY$236,399,069EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$779,050,299BOYAmt
EOY$1,016,855,716EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$913,157,717BOYAmt
EOY$1,024,005,092EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$7,121,902BOYAmt
EOY$6,608,214EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,945,993,437BOYAmt
EOY$2,300,451,142EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$30,685,548BOYAmt
EOY$34,625,156EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,688,278BOYAmt
EOY$2,335,785EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$89,930,566BOYAmt
EOY$202,920,769EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$4,821,580BOYAmt
EOY$4,506,874EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,610,890BOYAmt
EOY$6,797,674EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$132,736,862BOYAmt
EOY$251,186,258EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,281,919,863BOYAmt
EOY$1,443,008,280EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$415,512,621BOYAmt
EOY$488,047,650EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$115,824,091BOYAmt
EOY$118,208,954EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,813,256,575BOYAmt
EOY$2,049,264,884EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,945,993,437BOYAmt
EOY$2,300,451,142EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$49,406,396ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$188,756,180NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$2,154,267OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Revenues Included$8,500RevenuesIncludedAmt
Assets Included$6,602,418AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets Sale0SolicitedAssetsSaleInd
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,648,783,045BeginningYearBalanceAmt
Contributions$3,652,010ContributionsAmt
Investment Earnings Or Losses$301,514,594InvestmentEarningsOrLossesAmt
Grants Or Scholarships$21,397,837GrantsOrScholarshipsAmt
Other Expenditures$61,505,707OtherExpendituresAmt
End Year Balance$1,871,046,105EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,787,775,377BeginningYearBalanceAmt
Contributions$7,470,389ContributionsAmt
Investment Earnings Or Losses-$72,644,504InvestmentEarningsOrLossesAmt
Grants Or Scholarships$20,391,636GrantsOrScholarshipsAmt
Other Expenditures$53,426,581OtherExpendituresAmt
End Year Balance$1,648,783,045EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,829,521,187BeginningYearBalanceAmt
Contributions$8,741,242ContributionsAmt
Investment Earnings Or Losses$8,756,394InvestmentEarningsOrLossesAmt
Grants Or Scholarships$18,964,822GrantsOrScholarshipsAmt
Other Expenditures$40,278,624OtherExpendituresAmt
End Year Balance$1,787,775,377EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,553,629,299BeginningYearBalanceAmt
Contributions$15,363,250ContributionsAmt
Investment Earnings Or Losses$316,328,638InvestmentEarningsOrLossesAmt
Grants Or Scholarships$17,934,254GrantsOrScholarshipsAmt
Other Expenditures$37,865,746OtherExpendituresAmt
End Year Balance$1,829,521,187EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,383,856,130BeginningYearBalanceAmt
Contributions$1,871,612ContributionsAmt
Investment Earnings Or Losses$222,301,557InvestmentEarningsOrLossesAmt
Grants Or Scholarships$16,893,207GrantsOrScholarshipsAmt
Other Expenditures$37,506,793OtherExpendituresAmt
End Year Balance$1,553,629,299EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.69000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.31000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$100InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$4,217,765OtherCostOrOtherBasisAmt
Book Value$4,217,865BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$333,110,060OtherCostOrOtherBasisAmt
Depreciation$135,078,415DepreciationAmt
Book Value$198,031,645BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$70,909,670OtherCostOrOtherBasisAmt
Depreciation$59,723,398DepreciationAmt
Book Value$11,186,272BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$53,939InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$29,827,497OtherCostOrOtherBasisAmt
Depreciation$6,918,149DepreciationAmt
Book Value$22,963,287BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$236,399,069TotalBookValueLandBuildingsAmt

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

FieldValueIRS element (for citing)
Book Value$18,582,242BookValueAmt
Method ValuationFMethodValuationCd

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
MARKETABLE ALTERNATIVES$442,600,384F
NON-MARKETABLE ALTERNATIVES$562,676,788F
OTHER INVESTMENTS$145,678F
FieldValueIRS element (for citing)
Total Book Value Securities$1,024,005,092TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescANNUITIES PAYABLEDesc
Amt$6,797,674Amt
FieldValueIRS element (for citing)
Total Liability$6,797,674TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$364,169,091TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$188,756,180NetUnrealizedGainsInvstAmt
Other Revenue$357,927OtherRevenueAmt
Revenue Not Reported$189,114,107RevenueNotReportedAmt
Revenue Subtotal$175,054,984RevenueSubtotalAmt
Other Revenues Not Included$47,785,199OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$47,785,199RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$222,840,183TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$128,160,782TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$349,512OtherExpensesIncludedAmt
Expenses Not Reported$349,512ExpensesNotReportedAmt
Expenses Subtotal$127,811,270ExpensesSubtotalAmt
Other Expenses Not Included$45,622,517OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$45,622,517ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$173,433,787TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 4:THE FOCUS OF THE GRINNELL COLLEGE ART COLLECTION IS WORKS ON PAPER OF ALL TYPES THOUGH IT IS NOT EXCLUSIVELY A WORKS ON PAPER COLLECTION. THE FAULCONER GALLERY AND ITS ART COLLECTION PROMOTE LEARNING THROUGH ARTISTIC EXCELLENCE AND CREATIVE COLLABORATION. GOALS OF THE GALLERY INCLUDE DEVELOPING COLLECTIONS THAT DIRECTLY SUPPORT EXHIBITIONS, TEACHING, AND RESEARCH AND TO PROVIDE A VARIETY OF LEARNING OPPORTUNITIES WITH ART AS THE PRIMARY SOURCE USING THE COLLECTION AS A DYNAMIC PART OF THE LEARNING PROCESS AND ACROSS THE CURRICULUM, FACILITATING THE INTEGRATION OF THE GALLERY AND ITS RESOURCES IN THE CLASSROOM AND IN RESEARCH.
PART IV, LINE 2B:GRINNELL COLLEGE CLASSIFIES ON FORM 990, PART X, LINE 21, AMOUNTS HELD FOR PERKINS LOANS PAYABLE, FUNDS HELD IN TRUST FOR OTHERS RELATED TO ANNUITIES AND STUDENT GROUP/OTHER GROUP AGENCY ACCOUNTS.
PART V, LINE 4:THE INTENDED USE OF THE GRINNELL COLLEGE ENDOWMENT IS TO PROVIDE PREDICTABLE AND STABLE SUPPORT FOR THE COLLEGE'S MISSION AS A FINE LIBERAL ARTS COLLEGE.
PART X, LINE 2:THE COLLEGE HAS RECEIVED A TAX DETERMINATION LETTER FROM THE IRS STATING THAT IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. AS SUCH, THE COLLEGE IS TAXED ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER SECTION 511 OF THE CODE. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE COLLEGE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE, AND HAS CONCLUDED THAT AS OF JUNE 30, 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN VALUE LIFE INSURANCE 8,415. DIRECT RENTAL EXPENSES 167,825. LOSS ON DISPOSAL OF FIXED ASSETS 181,687.
PART XI, LINE 4B - OTHER ADJUSTMENTS:GRANTS AND SCHOLARSHIPS 47,899,505. ALUMNI FEES 274,293. UNRELATED BUSINESS INCOME TAX -388,599.
PART XII, LINE 2D - OTHER ADJUSTMENTS:DIRECT RENTAL EXPENSES 167,825. LOSS ON DISPOSAL OF FIXED ASSETS 181,687.
PART XII, LINE 4B - OTHER ADJUSTMENTS:GRANTS AND SCHOLARSHIPS 47,899,505. ALUMNI FEES 274,293. UNRELATED BUSINESS INCOME TAX -388,599. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION -326,024. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,836,658.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3GRINNELL COLLEGE DRAWS STUDENTS FROM AROUND THE WORLD AND THROUGHOUT THE U.S. AND ACTIVELY SEEKS TO ENROLL A DIVERSE STUDENT BODY. DOMESTIC STUDENTS OF COLOR CURRENTLY MAKE UP ABOUT A QUARTER OF THE STUDENT BODY; INTERNATIONAL STUDENTS MORE THAN 20%. THE COLLEGE'S NONDISCRIMINATION STATEMENTS ARE INCLUDED IN THE ACADEMIC COURSE CATALOG ON THE COLLEGE'S WEBSITE (WWW.GRINNELL.EDU).
SCHEDULE E, PART I, LINE 6FINANCIAL AID IS RECEIVED FOR PELL GRANTS, SEOG, WORK STUDY AND OTHER GRANTS FOR STUDENTS. THE COLLEGE ALSO RECEIVES FUNDS FOR NSF GRANTS.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (28 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA & CARIBBEAN00GRANTSN/A$250,847
EAST ASIA & THE PACIFIC00GRANTSN/A$2,542,971
EUROPE00GRANTSN/A$1,184,977
MIDDLE EAST & NORTH AFRICA00GRANTSN/A$64,607
NORTH AMERICA00GRANTSN/A$132,594
RUSSIA & THE NEWLY INDEPENDENT STATES00GRANTSN/A$297,068
SOUTH AMERICA00GRANTSN/A$449,767
SOUTH ASIA00GRANTSN/A$1,743,175
SUB-SAHARAN AFRICA00GRANTSN/A$1,001,097
CENTRAL AMERICA & CARIBBEAN00PROGRAM SERVICESACADEMIC/EDUCATION$3,394
EAST ASIA & THE PACIFIC00PROGRAM SERVICESACADEMIC/EDUCATION$212,444
EUROPE71PROGRAM SERVICESACADEMIC/EDUCATION$764,249
MIDDLE EAST & NORTH AFRICA00PROGRAM SERVICESACADEMIC/EDUCATION$4,201
NORTH AMERICA00PROGRAM SERVICESACADEMIC/EDUCATION$38,039
RUSSIA & THE NEWLY INDEPENDENT STATES00PROGRAM SERVICESACADEMIC/EDUCATION$65,203
SOUTH AMERICA00PROGRAM SERVICESACADEMIC/EDUCATION$52,167
SOUTH ASIA00PROGRAM SERVICESACADEMIC/EDUCATION$57,123
SUB-SAHARAN AFRICA00PROGRAM SERVICESACADEMIC/EDUCATION$153,016
CENTRAL AMERICA & CARIBBEAN00INVESTMENTS (BOOK VALUE)N/A$510,743,616
EAST ASIA & THE PACIFIC00INVESTMENTS (BOOK VALUE)N/A$12,190,316
EUROPE00INVESTMENTS (BOOK VALUE)N/A$87,133,844
NORTH AMERICA00INVESTMENTS (BOOK VALUE)N/A$12,339,848
SUB-SAHARAN AFRICA00INVESTMENTS (BOOK VALUE)N/A$31,546,609
CENTRAL AMERICA & CARIBBEAN00INVESTMENTS (EXPENDITURES)N/A$110,968,609
EAST ASIA & THE PACIFIC00INVESTMENTS (EXPENDITURES)N/A$4,091,512
EUROPE00INVESTMENTS (EXPENDITURES)N/A$14,730,943
NORTH AMERICA00INVESTMENTS (EXPENDITURES)N/A$10,325,436
SUB-SAHARAN AFRICA00INVESTMENTS (EXPENDITURES)N/A$7,746,734
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continutation Total Office7ContinutationTotalOfficeCnt
Continutation Total Employee1ContinutationTotalEmployeeCnt
Total Office7TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Subtotal Spent$6,666,006SubtotalSpentAmt
Continuation Spent$804,168,400ContinuationSpentAmt
Total Spent$810,834,406TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (36 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtNon Cash AssistanceNonCashAssistanceAmtDescription Of Non Cash AsstDescriptionOfNonCashAsstTxtValuation Method UsedValuationMethodUsedDesc
SCHOLARSHIPCENTRAL AMERICA & CARIBBEAN6$247,066CREDIT TO STUDENT ACCOUNT$0N/AN/A
SCHOLARSHIPEAST ASIA & THE PACIFIC115$2,361,258CREDIT TO STUDENT ACCOUNT$0N/AN/A
SCHOLARSHIPEUROPE25$1,110,445CREDIT TO STUDENT ACCOUNT$0N/AN/A
SCHOLARSHIPMIDDLE EAST & NORTH AFRICA1$56,073CREDIT TO STUDENT ACCOUNT$0N/AN/A
SCHOLARSHIPNORTH AMERICA4$120,194CREDIT TO STUDENT ACCOUNT$0N/AN/A
SCHOLARSHIPRUSSIA & THE NEWLY INDEPENDENT STATES6$286,768CREDIT TO STUDENT ACCOUNT$0N/AN/A
SCHOLARSHIPSOUTH AMERICA10$436,821CREDIT TO STUDENT ACCOUNT$0N/AN/A
SCHOLARSHIPSOUTH ASIA53$1,678,036CREDIT TO STUDENT ACCOUNT$0N/AN/A
SCHOLARSHIPSUB-SAHARAN AFRICA20$971,937CREDIT TO STUDENT ACCOUNT$0N/AN/A
PRIZESCENTRAL AMERICA & CARIBBEAN1$1,500CHECK$0N/AN/A
PRIZESEAST ASIA & THE PACIFIC15$6,653CHECK$0N/AN/A
PRIZESEUROPE7$3,945CHECK$0N/AN/A
PRIZESMIDDLE EAST & NORTH AFRICA2$935CHECK$0N/AN/A
PRIZESSOUTH AMERICA1$2,500CHECK$0N/AN/A
PRIZESSOUTH ASIA5$773CHECK$0N/AN/A
PRIZESSUB-SAHARAN AFRICA1$5,000CHECK$0N/AN/A
FELLOWSHIPSCENTRAL AMERICA & CARIBBEAN1$1,700CHECK$0N/AN/A
FELLOWSHIPSEAST ASIA & THE PACIFIC51$91,932CHECK$0N/AN/A
FELLOWSHIPSEUROPE20$57,520CHECK$0N/AN/A
FELLOWSHIPSMIDDLE EAST & NORTH AFRICA1$1,700CHECK$0N/AN/A
FELLOWSHIPSNORTH AMERICA5$8,500CHECK$0N/AN/A
FELLOWSHIPSRUSSIA & NEIGHBORING STATES3$6,800CHECK$0N/AN/A
FELLOWSHIPSSOUTH AMERICA3$5,100CHECK$0N/AN/A
FELLOWSHIPSSOUTH ASIA9$13,117CHECK$0N/AN/A
FELLOWSHIPSSUB-SAHARAN AFRICA1$1,700CHECK$0N/AN/A
INTERNSHIPSCENTRAL AMERICA & CARIBBEAN1$581CHECK$0N/AN/A
INTERNSHIPSEAST ASIA & THE PACIFIC47$83,039CHECK$0N/AN/A
INTERNSHIPSEUROPE6$13,018CHECK$0N/AN/A
INTERNSHIPSMIDDLE EAST & NORTH AFRICA2$5,899CHECK$0N/AN/A
INTERNSHIPSNORTH AMERICA3$3,900CHECK$0N/AN/A
INTERNSHIPSRUSSIA & NEIGHBORING STATES1$3,500CHECK$0N/AN/A
INTERNSHIPSSOUTH AMERICA2$5,346CHECK$0N/AN/A
INTERNSHIPSSOUTH ASIA25$51,248CHECK$0N/AN/A
INTERNSHIPSSUB-SAHARAN AFRICA9$22,460CHECK$0N/AN/A
AWARDEAST ASIA & THE PACIFIC1$89CHECK$0N/AN/A
AWARDEUROPE1$49CHECK$0N/AN/A
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S GRINNELL COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM, AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON FUND AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY GRINNELL COLLEGE. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH GRINNELL COLLEGE POLICY. STUDENTS AWARDED OTHER FUNDS MAKE VARIOUS REPORTS AND PRESENTATIONS ON THEIR RESEARCH OR STUDY AS REQUIRED BASED ON INDIVIDUAL REQUIREMENTS OF THE FUNDING.
PART I, LINE 3:ACCRUAL METHOD
PART III, COL (C):FOR PURPOSES OF THIS REPORT, THE COLLEGE RELIES ON ITS INTERNAL FINANCIAL SYSTEM SOFTWARE TO REPORT AID BY THE RECIPIENTS' COUNTRY OF RESIDENCE.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescPurpose Of GrantPurposeOfGrantTxt
CITY OF GRINNELL
927 4TH AVENUEGRINNELLIA50112426004734GOVT ENTITY$80,600$0N/AN/AEQUIPMENT UPGRADES
GRIN CITY COLLECTIVE
PO BOX 134GRINNELLIA50112811747597501(C)(3)$5,000$0N/AN/AGENERAL SUPPORT
GRINNELL AREA CHAMBER OF COMMERCE
833 4TH AVENUEGRINNELLIA50112420286455501(C)(6)$61,000$0N/AN/AGENERAL SUPPORT
GRINNELL REGIONAL MEDICAL CENTER
210 4TH AVENUEGRINNELLIA50112420933383501(C)(3)$5,100$0N/AN/AGENERAL SUPPORT
GRINNELL UNITED WAY FUND
PO BOX 121GRINNELLIA50112237120759501(C)(3)$5,000$0N/AN/AGENERAL SUPPORT
GRINNELL-NEWBURG COMMUNITY SCHOOLS
927 4TH AVENUEGRINNELLIA50112426036570GOVT ENTITY$16,912$0N/AN/AGENERAL SUPPORT
GREATER POWESHIEK COMMUNITY FOUNDATION
1510 PENROSE STREETGRINNELLIA50112421298055501(C)(3)$7,600$0N/AN/AGENERAL SUPPORT
ROCK CREEK LAKE ALLIANCE
PO BOX 361GRINNELLIA50112061696583509(A)(2)$5,000$0N/AN/AGENERAL SUPPORT
ESSIE JUSTICE GROUP
300 FRANK H OGAWA PLAZA STE 420OAKLANDCA94612800956021501(C)(3)$100,000$0N/AN/AGENERAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org7Total501c3OrgCnt
Total Other Org2TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
SCHOLARSHIPS1265$40,587,417$0N/AN/A
PRIZES99$63,728$0N/AN/A
FELLOWSHIPS241$562,449$0N/AN/A
INTERNSHIPS135$287,827$0N/AN/A
AWARDS5$50,437$0N/AN/A
LOAN PAYMENT2$5,000$0N/AN/A

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S GRINNELL COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON FUND AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY GRINNELL COLLEGE. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH GRINNELL COLLEGE POLICY. STUDENTS AWARDED OTHER FUNDS MAKE VARIOUS REPORTS AND PRESENTATIONS ON THEIR RESEARCH OR STUDY AS REQUIRED BASED ON INDIVIDUAL REQUIREMENTS OF THE FUNDING. THE COLLEGE AWARDS GRANTS TO LOCAL ORGANIZATIONS WHICH ARE ADMINISTERED THROUGH THE OFFICE OF COMMUNITY ENHANCEMENT AND ENGAGEMENT. APPLICATIONS ARE REVIEWED BY A COMMITTEE OF FACULTY, STAFF AND GRINNELL COLLEGE STUDENTS FROM THE LOCAL AREA. ALL FINANCIAL CONTRIBUTIONS FOCUS ON THE STRATEGIC PRIORITIES OF STRENGTHENING CULTURAL, RECREATIONAL, AND EDUCATIONAL OPPORTUNITIES IN THE LOCAL AREA AS WELL AS INITIATIVES THAT ENHANCE THE SAFETY, BEAUTY, AND ECONOMIC VITALITY OF OUR SURROUNDINGS. GRINNELL COLLEGE HAS ASSEMBLED A DIVERSE SELECTION COMMITTEE TO EVALUATE NOMINEES FOR THE GRINNELL COLLEGE YOUNG INNOVATOR FOR SOCIAL JUSTICE PRIZE. APPOINTED BY THE COLLEGE'S PRESIDENT, THE SELECTION COMMITTEE MEMBERS ARE ALL RECOGNIZED INDIVIDUALS WHO WORK FOR SOCIAL CHANGE IN VARIOUS CAPACITIES. THEIR BACKGROUNDS, ACCOMPLISHMENTS, AND EXPERIENCES REFLECT THE DIVERSITY IN BOTH GRINNELL AND THE STATE. THESE MEMBERS INCLUDE ONE REPRESENTATIVE EACH FROM THE COLLEGE'S FACULTY, STUDENT BODY, ALUMNI, STAFF AND TRUSTEES, PLUS PROMINENT INDIVIDUALS NOT FORMALLY AFFILIATED WITH GRINNELL.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RAYNARD KINGTON
PRESIDENT$553,007$0$0$0$46,872$0$134,500$0$82,744$0$817,123$0$0$0
SCOTT WILSON
CHIEF INVESTMENT OFFICER$530,884$0$100,000$0$35,172$0$26,500$0$21,778$0$714,334$0$0$0
KATE WALKER
TREASURER$270,923$0$0$0$2,608$0$26,500$0$18,300$0$318,331$0$0$0
JOSEPH BAGNOLI
VP ENROLLMENT$210,134$0$5,000$0$464$0$21,815$0$45,851$0$283,264$0$0$0
SHANE JACOBSON
VP DEVELOPMENT & ALUMNI RELATIONS$268,120$0$0$0$1,678$0$26,500$0$20,556$0$316,854$0$0$0
MICHAEL LATHAM
DEAN OF THE COLLEGE$281,677$0$0$0$846$0$26,500$0$20,889$0$329,912$0$0$0
DAVID ROBINSON
CHIEF INFORMATION OFFICER$166,697$0$5,000$0$315$0$17,750$0$21,462$0$211,224$0$0$0
ANGELA VOOS
VP STRATEGIC PLANNING & CHIEF OF STA$200,777$0$0$0$3,646$0$20,300$0$3,780$0$228,503$0$0$0
JONATHAN ANDELSON
PROFESSOR OF ANTHROPOLOGY$169,637$0$0$0$3,076$0$17,366$0$25,617$0$215,696$0$0$0
ANDREW CHOQUETTE
DIRECTOR OF INVESTMENTS$280,922$0$27,500$0$1,378$0$26,500$0$23,439$0$359,739$0$0$0
HENRY MOYER
PROFESSOR OF POLITICAL SCIENCE$184,948$0$0$0$2,163$0$18,659$0$8,912$0$214,682$0$0$0
JAMES SWARTZ
PROFESSOR OF CHEMISTRY$186,941$0$0$0$1,727$0$19,100$0$17,143$0$224,911$0$0$0
DAVID CAMPBELL
PROFESSOR OF BIOLOGY$164,840$0$0$0$3,194$0$17,142$0$22,700$0$207,876$0$0$0
DAVID CLAY
SENIOR ADVISOR$314,137$0$45,882$0$10,941$0$26,500$0$19,397$0$416,857$0$0$0
DAVID LOPATTO
PROFESSOR OF PSYCHOLOGY$167,057$0$0$0$1,418$0$17,337$0$85,829$0$271,641$0$0$0
PAULA SMITH
PROFESSOR OF ENGLISH$142,238$0$0$0$3,260$0$14,224$0$1,093$0$160,815$0$0$0
JOHN KALKBRENNER
ASST VP FOR AUXILIARY SERVICES$196,063$0$0$0$1,300$0$20,129$0$21,571$0$239,063$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATHE PRESIDENT IS REQUIRED TO LIVE IN COLLEGE OWNED HOUSING. THE COLLEGE EMPLOYS A HOUSEKEEPER FOR THIS HOUSING. THE HOUSING BENEFIT IS NOT TAXABLE PURSUANT TO IRC SECTION 119 AS IT IS A CONDITION OF THE PRESIDENT'S EMPLOYMENT AT THE COLLEGE. IN ADDITION TO HOUSEKEEPING, THE COLLEGE OCCASSIONALLY PROVIDED MEALS TO THE PRESIDENT AND HIS FAMILY.
PART I, LINE 7THE PRESIDENT OF THE COLLEGE HAS THE AUTHORITY TO AWARD NON-FIXED PAYMENTS TO INDIVIDUALS BASED ON THEIR ACHIEVEMENTS DURING THE FISCAL YEAR OR WRITTEN CONTRACTS WITH THE COLLEGE. TYPICALLY, THESE AMOUNTS ARE DISCRETIONARY AND THE COLLEGE ENSURES THE AMOUNTS ARE REASONABLE WHEN ADDRESSING THE OVERALL COMPENSATION STRUCTURE FOR THE INDIVIDUAL.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
IOWA HIGHER EDUCATION LOAN AUTHORITY
A4212356964624602Q82014-11-20$60,381,280SEE PART VI000
IOWA HIGHER EDUCATION LOAN AUTHORITY
B421235696462460H742010-03-09$65,994,798SEE PART VI000
IOWA HIGHER EDUCATION LOAN AUTHORITY
C4212356964624605V42017-02-07$120,702,057SEE PART VI000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdTotal ProceedsTotalProceedsAmtCapitalized InterestCapitalizedInterestAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndRetiredRetiredAmtCapital ExpendituresCapitalExpendituresAmtUnspentUnspentAmt
A$60,381,280$13,196$366,752$60,001,33220140Yes (1)Yes (1)Yes (1)
B$66,325,255$554,622$404,597$51,433,44720120Yes (1)Yes (1)Yes (1)$35,400,000$13,932,589
C$120,886,193$695,093000Yes (1)$16,030,000$104,161,100

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00000.000000.000000.0000000Yes (1)
B00000.005500.000000.0055000Yes (1)
C00000.000000.000000.0000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A00Yes (1)Yes (1)0000Yes (1)
B00Yes (1)Yes (1)0000Yes (1)
C0Yes (1)000000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
DATE REBATE COMPUTATION PERFORMEDISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/20/2015 ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/09/2012
SCHEDULE K, PART I, COLUMN F:REFUND 6-26-08 $60,000,000 BOND ISSUE
SCHEDULE K, PART I, COLUMN F:REFUND 12-13-01 $50,000,000 BOND ISSUE AND FACILITIES
SCHEDULE K, PART I, COLUMN F:FACILITIES CONSTRUCTION AND IMPROVEMENTS
SCHEDULE K, PART I, COLUMN E:THE DIFFERENCE FROM PART I, COLUMN E AND PART II, LINE 3 IS DUE TO INVESTMENT EARNINGS.

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Cash GrantCashGrantAmtType Of AssistanceTypeOfAssistanceTxtAssistance PurposeAssistancePurposeTxt
$144,770SCHOLARSHIPSSCHOLARSHIPS
$3,400FELLOWSHIPFELLOWSHIP

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (6 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
BARBARA BROWN
FAMILY MEMBER OF DAVID LOPATTO, FORMER VP ACADEMIC AFFAIRS & DEAN$71,979WAGES & BENEFITS FOR THE ROLE OF PSYCHOLOGY TECHNICAL ASSISTANT.0
JOHN ROMMEREIM
FAMILY MEMBER OF ANGELA VOOS, VP STRATEGIC PLANNING & CHIEF OF STAFF$159,499WAGES & BENEFITS FOR THE ROLE AS A MUSIC PROFESSOR.0
PAUL TJOSSEM
FAMILY MEMBER OF PAULA SMITH, FORMER VP ACADEMIC AFFAIRS & DEAN$142,909WAGES & BENEFITS AS ASSOCIATE PROFESSOR OF PHYSICS.0
VINCENT WALKER
FAMILY MEMBER OF KATE WALKER, VP FOR FINANCE & TREASURER$119,313WAGES & BENEFITS FOR THE ROLE OF ASSOCIATE DIRECTOR OF MAJOR GIFTS.0
GEORGEANNA ROBINSON
FAMILY MEMBER OF DAVID ROBINSON, CHIEF INFORMATION OFFICER$45,586WAGES & BENEFITS FOR THE ROLE OF ASSOCIATE DIRECTOR OF QUALITATIVE RESEARCH.0
JACOB WILLIG-ONWUACHI
FAMILY MEMBER OF ANGELA ONWUACHI-WILLIG, ALUMNI COUNCIL PRESIDENT$120,472WAGES & BENEFITS FOR THE ROLE OF ASSOCIATE PROFESSOR OF PHYSICS.0

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$8,500NoncashContributionsRptF990Amt
Method Of Determining RevenuesINSURED VALUEMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution48ContributionCnt
Noncash Contributions Rpt F990$1,487,953NoncashContributionsRptF990Amt
Method Of Determining RevenuesNYSE AVERAGE HIGH/LOWMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescMUSICAL EQUIPMENTDesc
Contribution3ContributionCnt
Noncash Contributions Rpt F990$6,309NoncashContributionsRptF990Amt
Method Of Determining RevenuesESTIMATED VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received1Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (1)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, COLUMN (B):PART I, COLUMN (B) REPRESENTS NUMBER OF CONTRIBUTORS.
PART I, LINE 32B:THE LIBRARY MAY USE A THIRD PARTY VENDOR TO SELL BOOK DONATIONS THAT DO NOT FIT THE NEEDS OF THE LIBRARY COLLECTION.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (13 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 6, VOLUNTEERS:VOLUNTEERS INCLUDE INDIVIDUALS WHO ASSIST ADMISSIONS, CENTER FOR CAREERS, LIFE AND SERVICE, ALUMNI COUNCIL AND OTHER COMMUNITY VOLUNTEERS.
FORM 990, PART III, LINE 1: ORGANIZATION'S MISSION STATEMENTWHEN GRINNELL COLLEGE FRAMED ITS CHARTER IN THE IOWA TERRITORY OF THE UNITED STATES IN 1846, IT SET FORTH A MISSION TO EDUCATE ITS STUDENTS "FOR THE DIFFERENT PROFESSIONS AND FOR THE HONORABLE DISCHARGE OF THE DUTIES OF LIFE." THE COLLEGE PURSUES THAT MISSION BY PROVIDING AN EDUCATION IN THE LIBERAL ARTS THROUGH FREE INQUIRY AND THE OPEN EXCHANGE OF IDEAS. AS A TEACHING AND LEARNING COMMUNITY, THE COLLEGE HOLDS THAT KNOWLEDGE IS A GOOD TO BE PURSUED BOTH FOR ITS OWN SAKE AND FOR THE INTELLECTUAL, MORAL, AND PHYSICAL WELL-BEING OF INDIVIDUALS AND OF SOCIETY AT LARGE. THE COLLEGE EXISTS TO PROVIDE A LIVELY ACADEMIC COMMUNITY OF STUDENTS AND TEACHERS OF HIGH SCHOLARLY QUALIFICATIONS FROM DIVERSE SOCIAL AND CULTURAL CIRCUMSTANCES. THE COLLEGE AIMS TO GRADUATE INDIVIDUALS WHO CAN THINK CLEARLY, WHO CAN SPEAK AND WRITE PERSUASIVELY AND EVEN ELOQUENTLY, WHO CAN EVALUATE CRITICALLY BOTH THEIR OWN AND OTHERS' IDEAS, WHO CAN ACQUIRE NEW KNOWLEDGE, AND WHO ARE PREPARED IN LIFE AND WORK TO USE THEIR KNOWLEDGE AND THEIR ABILITIES TO SERVE THE COMMON GOOD.
FORM 990, PART V, LINE 1A, NUMBER REPORTED IN BOX 3 OF FORM 1096:THE COLLEGE FILED 537 FORM 1099S AND 1749 FORM 1098-TS FOR A TOTAL OF 2,286.
FORM 990, PART VI, SECTION A, LINE 1A LIFE TRUSTEE WILL BE PERMITTED TO VOTE ON MATTERS COMING BEFORE A BOARD MEETING ONLY IF THE LIFE TRUSTEE SHALL HAVE ATTENDED AT LEAST TWO OF THE IMMEDIATELY PRECEDING THREE REGULAR MEETINGS OF THE BOARD. NO LIFE TRUSTEE SHALL HAVE THE RIGHT TO VOTE ON PROPOSED AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BY-LAWS. THE BOARD MAY FROM TIME TO TIME, DESIGNATE ANY REGULAR MEMBER WHO HAS SERVED AS SUCH FOR AT LEAST 12 YEARS A LIFE TRUSTEE. LIFE TRUSTEES WITH NO VOTING RIGHTS DURING 2017 AND THEREFORE NOT LISTED IN PART VII ARE ROBERT AUSTIN, ELIZABETH BALLANTINE, ROBERT BARR, NORDAHL BRUE, CAROLYN SWARTZ BUCKSBAUM, KIHWAN KIM, CAROLINE LITTLE, FRED LITTLE, PATRICIA MEYER PAPPER, JOHN PRICE, PENNY BENDER SEBRING, DAVID WHITE, AND HENRY WINGATE.
FORM 990, PART VI, SECTION A, LINE 1THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE OF THE BOARD WILL CONSIST OF THE BOARD CHAIR, THE BOARD VICE CHAIR(S), AND THE CHAIRS OF THE STANDING COMMITTEES OF THE BOARD, OR, IN THEIR ABSENCE, A DESIGNEE. THE BOARD CHAIR MAY, AFTER CONSULTATION WITH THE EXECUTIVE COMMITTEE, APPOINT CHAIRS OF AD HOC COMMITTEES TO SERVE ON THE EXECUTIVE COMMITTEE FOR THE DURATION OF THEIR COMMITTEE CHARTER. THE BOARD CHAIR SHALL ACT AS CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE THE FOLLOWING: A. DUTIES AND POWERS. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, TO HAVE AND EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE COLLEGE; ANY ACTION REQUIRING A TWO-THIRDS (2/3) VOTE OF THE FULL MEMBERSHIP OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY AMEND, ALTER, OR REPEAL THE BYLAWS, AMEND THE ARTICLES OF INCORPORATION, APPROVE THE DISSOLUTION OR MERGER OF THE COLLEGE, THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE COLLEGE'S ASSETS, ELECT, APPOINT, OR REMOVE TRUSTEES OR FILL VACANCIES ON THE BOARD OF TRUSTEES OR ANY OF THE COMMITTEES, AUTHORIZE DISTRIBUTIONS; OR HAVE THE AUTHORITY TO BORROW MONEY. B. EMERGENCIES. IN EMERGENCIES TO MAKE TEMPORARY PROVISION UNTIL THE NEXT MEETING OF THE BOARD FOR THE DISCHARGE OF DUTIES PERFORMED BY THE OFFICERS OF THE COLLEGE. C. CONFLICT OF INTEREST. TO ADMINISTER, AND PERFORM THE DUTIES PRESCRIBED UNDER, THE CONFLICT OF INTEREST POLICY. D. TRANSACTION OF BUSINESS. TO CONVENE AT THE CALL OF THE BOARD CHAIR OR THE PRESIDENT OF THE COLLEGE AT ANY TIME DURING THE YEAR TO TRANSACT BUSINESS AT TIMES AND PLACES CONVENIENT TO THE MAJORITY OF THE EXECUTIVE COMMITTEE. E. WRITTEN RECORDS.THE EXECUTIVE COMMITTEE SHALL KEEP A WRITTEN RECORD OF ITS PROCEEDINGS.
FORM 990, PART VI, SECTION A, LINE 2FRED LITTLE AND CAROLINE LITTLE - FAMILY RELATIONSHIP
FORM 990, PART VI, SECTION A, LINE 4GRINNELL COLLEGE UPDATED ITS BYLAWS TO UPDATE THE STATUS OF LIFE TRUSTEES. THE OPTION TO SELECT STATUS AS A LIFE TRUSTEE AFTER COMPLETING A TERM ON THE BOARD EXPIRES AT THE ANNUAL MEETING, 2018. INDIVIDUALS HOLDING THAT TITLE MAY CONTINUE TO DO SO AND MAINTAIN THEIR RIGHTS AND PRIVILEGES, INCLUDING VOTING IF ATTENDING TWO (2) OF THE LAST THREE (3) MEETINGS EXCEPT ON BYLAWS, UNTIL SPRING 2018. AFTER THE ANNUAL MEETING OF 2018, LIFE TRUSTEES NO LONGER ARE PERMITTED TO PARTICIPATE IN MEETINGS OR ACTIONS OF THE BOARD OR TO HOLD OFFICE. A LIFE TRUSTEE SHALL NOT BE CONSIDERED FOR PURPOSES OF ESTABLISHING A QUORUM IN EITHER A BOARD OR COMMITTEE MEETING. ALL INDIVIDUALS COMPLETING AT LEAST ONE 4 YEAR TERM AS TRUSTEE WILL, AFTER LEAVING THE BOARD, BE REFERRED TO AS RETIRED TRUSTEE. A SECTION WAS ADDED TO THE BYLAWS DEFINING THE PROCESS FOR A TRUSTEE TO RESIGN. LANGUAGE WAS ADDED TO ADDRESS PROXY VOTING WHICH STATES MEMBERS OF THE BOARD ARE NOT PERMITTED TO VOTE BY PROXY. LANGUAGE REGARDING ELECTIONS WAS UPDATED. EXCEPT FOR THE BOARD VICE CHAIR(S) AND THE PRESIDENT OF THE COLLEGE, THE OFFICERS OF THE COLLEGE SHALL BE ELECTED BY THE BOARD OF TRUSTEES BIENNIALLY AT ITS ANNUAL MEETING OR SUCH OTHER MEETING DESIGNATED BY THE BOARD FOR OFFICER ELECTIONS, INCLUDING EXTENDING THE EXISTING CHAIR'S TERM BY ONE YEAR WHEN SPECIAL CIRCUMSTANCES WARRANT. THE SITUATION OF SPECIAL CIRCUMSTANCES EXISTS WHEN DETERMINED BY THE MAJORITY VOTE OF THE EXECUTIVE COMMITTEE. THE BOARD CHAIR SHALL, UPON CONSULTATION WITH THE EXECUTIVE COMMITTEE, APPOINT THE BOARD VICE CHAIR(S). DUTIES OF THE PRESIDENT, TREASURER, CHIEF INVESTMENT OFFICER AND VICE-PRESIDENT FOR ACADEMIC AFFAIRS HAVE BEEN REWRITTEN FOR SIMPLIFICATION PURPOSES. THE NUMBER OF STANDING COMMITTEES HAS BEEN REDUCED TO 5 WHICH INCLUDES AUDIT & ASSESSMENT, FINANCE, INVESTMENT, GOVERNANCE, AND EXECUTIVE. ADDITIONAL AD HOC COMMITTEES MAY BE APPOINTED BY THE BOARD CHAIR WITH BOARD APPROVAL, AS REQUIRED TO MEET THE BOARD'S RESPONSIBILITIES. THE ELECTIONS COMMITTEE WAS ELIMINATED.
FORM 990, PART VI, SECTION B, LINE 11BTHE COMPLETE FORM 990 WAS MADE AVAILABLE FOR REVIEW TO THE PRESIDENT PRIOR TO THE APRIL 2018 TRUSTEE MEETING. THE PUBLIC INSPECTION COPY OF THE FORM 990 WAS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES FOR REVIEW. IT WAS PRESENTED TO AND REVIEWED IN DETAIL BY THE AUDIT AND ASSESSMENT COMMITTEE AT THE MEETING AND PRESENTED FOR APPROVAL TO THE FULL BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 12COFFICERS AND TRUSTEES ARE REQUIRED TO REPORT ANY CONFLICTS OF INTEREST UNDER THE POLICIES OF THE TRUSTEES OF GRINNELL COLLEGE. ANY CONFLICTS MUST BE DISCLOSED IN WRITING BEFORE ENTERING INTO THE TRANSACTION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. A TRANSACTION MAY NOT BE ENTERED INTO UNTIL APPROVED BY A VOTE OF AT LEAST TWO-THIRDS BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL REPORT TO THE BOARD OF TRUSTEES ON ALL CONFLICT OF INTEREST TRANSACTIONS CONSIDERED BY IT AT EACH MEETING OF THE BOARD AND, IF REQUESTED BY THE EXECUTIVE COMMITTEE, THE BOARD SHALL CONSIDER WHETHER TO RATIFY THE ACTIONS OF THE EXECUTIVE COMMITTEE WITH RESPECT TO ANY SUCH CONFLICT OF INTEREST TRANSACTION. A CONFLICT OF INTEREST TRANSACTION MAY ONLY BE RATIFIED BY THE AFFIRMATIVE VOTE BY AT LEAST TWO-THIRDS OF THE TRUSTEES PRESENT AND VOTING AT A MEETING OF THE BOARD DULY CALLED AND HELD AFTER THE EXECUTIVE COMMITTEE HAS RECEIVED THE DISCLOSURE. EACH CURRENT MEMBER OF THE BOARD OF TRUSTEES AND EACH OFFICER SHALL FILE A STATEMENT ANNUALLY WITH THE TREASURER CERTIFYING THAT HE OR SHE HAS READ, AND IS FAMILIAR WITH THE TERMS OF, THIS CONFLICT OF INTEREST POLICY, AND EITHER (A) SETTING FORTH AND DESCRIBING ANY POSSIBLE CONFLICTS OF INTEREST WHICH MAY HAVE ARISEN OR OCCURRED IN THE FISCAL YEAR OF THE COLLEGE ENDING JUNE 30, OR WHICH MAY BE EXPECTED TO ARISE OR OCCUR DURING THE FISCAL YEAR BEGINNING JULY 1, OR (B) THAT HE OR SHE KNOWS OF NO SUCH POSSIBLE CONFLICTS OF INTEREST. KEY EMPLOYEES MUST ANNUALLY COMPLETE THE CAMPUS CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH IS REVIEWED BY A COMMITTEE CONSISTING OF MEMBERS FROM THE HUMAN RESOURCES, TREASURER AND DEAN'S OFFICES, RESPECTIVELY
FORM 990, PART VI, SECTION B, LINE 15THE COLLEGE HAS A DISQUALIFIED EMPLOYEE COMPENSATION REVIEW POLICY. THE DETERMINATION OF WHO IS CLASSIFIED AS A DISQUALIFIED EMPLOYEE AT GRINNELL COLLEGE IS DETERMINED BY THE LEVEL OF EACH INDIVIDUAL'S INVOLVEMENT IN THE MANAGEMENT AND/OR CONTROL OF CERTAIN FINANCIAL ASPECTS OF THE COLLEGE. GRINNELL COLLEGE WILL ACQUIRE AND USE SUFFICIENT DATA REGARDING COMPARABLE COMPENSATION PACKAGES TO ASSIST IN ESTABLISHING THE COMPENSATION OF DISQUALIFIED EMPLOYEES. THE PROPOSED COMPENSATION FOR EACH DISQUALIFIED PERSON WILL BE APPROVED BY A CONFLICT-FREE DECISION-MAKING BODY COMPOSED OF MEMBERS OF THE GRINNELL COLLEGE BOARD OF TRUSTEES. THE DECISION-MAKING BODY WILL RECEIVE A REBUTTABLE PRESUMPTION SUMMARY FOR EACH INDIVIDUAL AT GRINNELL COLLEGE IDENTIFIED AS A DISQUALIFIED PERSON. ALL RELEVANT INFORMATION WILL BE DOCUMENTED REGARDING THE ACTIONS OF THE DECISION-MAKING BODY. THIS PROCESS WAS USED FOR THE FOLLOWING POSITIONS: PRESIDENT, CHIEF INVESTMENT OFFICER, FORMER CHIEF INVESTMENT OFFICER, VICE-PRESIDENT FOR FINANCE & TREASURER, FORMER TREASURER, DEAN OF THE COLLEGE, FORMER DEAN OF THE COLLEGE, VICE-PRESIDENT FOR STRATEGIC PLANNING & CHIEF OF STAFF, VICE-PRESIDENT FOR COMMUNICATIONS, VICE-PRESIDENT FOR ENROLLMENT, VICE-PRESIDENT FOR COLLEGE SERVICES (ASSISTANT VP FOR AUXILIARY SERVICES & ECONOMIC DEVELOPMENT), VICE-PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS, CHIEF INFORMATION TECHNOLOGY OFFICER, SECRETARY, CONTROLLER & ASSISTANT TREASURER, ASSISTANT VICE-PRESIDENT OF HUMAN RESOURCES, DIRECTOR OF COMPENSATION & RISK MANAGEMENT, DIRECTOR OF INVESTMENTS, DIRECTOR OF STUDENT FINANCIAL AID AND DIRECTOR OF FACILITIES MANAGEMENT. THE LAST REVIEW WAS CONDUCTED FOR COMPENSATION EFFECTIVE JULY 1, 2017.
FORM 990, PART VI, SECTION C, LINE 18THE FORM 990 IS AVAILABLE ON THE GRINNELL COLLEGE WEBSITE. FORM 990-T IS AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE COLLEGE MAKES ITS ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND OTHER KEY POLICIES (RED FLAG, WHISTLEBLOWER, ETC.) AVAILABLE TO THE PUBLIC VIA ITS WEBSITE -WWW.GRINNELL.EDU.
FORM 990, PART XI, LINE 9:CHANGE IN THE VALUE OF SPLIT-INTEREST AGREEMENTS -1,836,658. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 8,415. CHANGE IN ACCUMULATED POST RETIREMENT OBLIGATION -326,024.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUSTBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1733 BROAD STREETAddressLine1Txt
CityGRINNELLCityNm
State AbbreviationIAStateAbbreviationCd
ZIP501121690ZIPCd
FieldValueIRS element (for citing)
EIN451371997EIN
Primary ActivitiesHEALTH INSURANCE FOR EMPLOYEESPrimaryActivitiesTxt
Legal Domicile StateIALegalDomicileStateCd
Exempt Code Section501(C)(9)ExemptCodeSectionTxt
Public Charity StatusN/APublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1TRUSTEES OF GRINNELL COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1RED ROCK VENTURES III LPBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1530 LYTTON AVENUE 2ND FLOORAddressLine1Txt
CityPALO ALTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94301ZIPCd
FieldValueIRS element (for citing)
EIN770549159EIN
Primary ActivitiesVENTURE CAPITALPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1TRUSTEES OF GRINNELL COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Predominant Income TypeINVESTMENTPredominantIncomeTypeTxt
Share Of Total Income$570ShareOfTotalIncomeAmt
Share Of EOY Assets$314,004ShareOfEOYAssetsAmt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd
Ownership0.59100OwnershipPct

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
POWESHIEK PETROLEUM CORPORATION
733 BROAD STREETGRINNELLIA50112730646866OIL & GAS PRODUCTIONILTRUSTEES OF GRINNELL COLLEGEC$13,771$23,7671.00000Yes (1)
CHARITABLE REMAINDER UNITRUSTS (2)
TRUSTCATRUSTEES OF GRINNELL COLLEGETYes (1)
CHARITABLE REMAINDER UNITRUSTS (19)
TRUSTIATRUSTEES OF GRINNELL COLLEGETYes (1)
CHARITABLE REMAINDER UNITRUSTS (1)
TRUSTILTRUSTEES OF GRINNELL COLLEGETYes (1)
CHARITABLE REMAINDER UNITRUSTS (1)
TRUSTMNTRUSTEES OF GRINNELL COLLEGETYes (1)
CHARITABLE REMAINDER UNITRUSTS (1)
TRUSTAZTRUSTEES OF GRINNELL COLLEGETYes (1)
CHARITABLE REMAINDER ANNUITY TRUSTS (1)
TRUSTIATRUSTEES OF GRINNELL COLLEGETYes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related OrganizationYes (1)DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST
R$8,078,663CASH TRANSFERRED
CHARITABLE REMAINDER UNITRUSTS (1)
R$158,354CASH TRANSFERRED
CHARITABLE REMAINDER UNITRUSTS (3)
S$447,295CASH TRANSFERRED
CHARITABLE REMAINDER UNITRUSTS (1)
S$770,525CASH TRANSFERRED

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