2018-05-09T09:53:55-07:00 2017-06-30 990 2016-07-01 370673513 KNOX COLLEGE KNOX 3093417213 2 E South Street Galesburg IL 614014999 Keith A Archer Treasurer 3093417212 2018-05-09 2016 2022-09-23 18:48:47Z TERESA L AMOTT 2 E SOUTH STREET KNOX BOX 142 GALESBURG IL 614019999 100856890 0 X www.knox.edu X 1837 IL Knox College is dedicated to providing a liberal arts education to students from diverse backgrounds. Our mission is carried out through: our curriculum, the character of our learning environment, our residential campus culture, and our community. 38 37 1709 700 99899 0 14315573 15890561 67284073 68321705 3886874 8832755 0 0 85486520 93045021 33625121 34791264 0 0 29358533 29672297 0 0 3468068 20910527 20576799 83894181 85040360 1592339 8004661 195510828 215504867 51101670 49530412 144409158 165974455 Knox College is dedicated to providing a liberal arts education to students from diverse backgrounds. Our mission is carried out through: our curriculum, the character of our learning environment, our residential campus culture, and our community. 0 0 73618183 34791264 68218905 Higher Education: Our mission is carried out through our curriculum, the character of our learning environment, our residential campus culture, and our community. Knox College has a tradition of free inquiry, independent thought, and diverse perspectives. Our students choose their own path toward a degree, guided by scholar teachers who encourage them to explore ideas and places, stretch their intellect and their talents, blend thought with action, and fuse imagination with initiative. Founded in 1837 by social reformers strongly opposed to slavery, Knox was one of the first colleges in the United States open to both women and people of color. It was on our campus that Abraham Lincoln chose to denounce slavery on moral terms for the first time, during the 1858 Lincoln-Douglas Debate. With a campus population that includes students from 48 states and 51 countries, 25% U.S. students of color, and individuals from every imaginable religious and socioeconomic background, members of the Knox community are actively challenged to broaden their points of view. Knox College is a college that changes lives. (1,356 Students) 0 0 0 73618183 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1843 0 1709 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 38 37 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X Keith A Archer 3093417212 2 E South Street Galesburg IL 614014999 ANDERSON THOMAS L TRUSTEE CHAIR FOR CAMPUS LIFE AND ATHLETICS 2 0 X 0 0 0 ANDREW LAUREL J TRUSTEE VICE CHAIR OF THE BOARD OF TRUSTEES 2 0 X 0 0 0 BAIRD BARBARA TRUSTEE 1 0 X 0 0 0 BASTIAN JOSEPH TRUSTEE 1 0 X 0 0 0 BAYER DOUGLAS TRUSTEE 1 0 X 0 0 0 BILLUPS NYERERE SR TRUSTEE 1 0 X 0 0 0 CARLIN NANCY B TRUSTEE 1 0 X 0 0 0 CRAIG CAROL BOVARD TRUSTEE 1 0 X 0 0 0 DEGRAFF DEBORAH S TRUSTEE 1 0 X 0 0 0 ETZ TONY TRUSTEE 1 0 X 0 0 0 FRIDOVICH DAVID P LTG TRUSTEE 1 0 X 0 0 0 GLOSSBERG JOSEPH G TRUSTEE CO CHAIR FOR INVESTMENT SUBCOMMITTEE 2 0 X 0 0 0 GOOSSEN ISABELLE CZARKOWKI TRUSTEE CHAIR FOR BUDGET SUBCOMMITTEE 2 0 X 0 0 0 HARTOG ELZELIEN TRUSTEE 1 0 X 0 0 0 JACOBSON GARY TRUSTEE CHAIR FOR AUDIT SUBCOMMITTEE 2 0 X 0 0 0 KOPEC HEATHER TRUSTEE 1 0 X 0 0 0 KORAN JAN TRUSTEE 1 0 X 0 0 0 LAWLER JOHN T TRUSTEE 1 0 X 0 0 0 LIN HELEN HAICHING TRUSTEE 1 0 X 0 0 0 LUETGER STEVEN P TRUSTEE CO CHAIR FOR INVESTMENT SUBCOMMITTEE 2 0 X 0 0 0 LYN PATRICK ST AUBYN TRUSTEE 1 0 X 0 0 0 MASKUS KEITH TRUSTEE 1 0 X 0 0 0 MSALL LAURENCE TRUSTEE 1 0 X 0 0 0 PAPP DERECK TRUSTEE 1 0 X 0 0 0 POTTER EUGENE A TRUSTEE CHAIR FOR DEGREE SUBCOMMITTEE 2 0 X 0 0 0 PROCKNOW EUGENE A TRUSTEE CHAIR FOR ADMISSIONS AND FINANCIAL AID 2 0 X 0 0 0 RAMANAN HARIHARAN TRUSTEE 1 0 X 0 0 0 RIDDELL RICHARD V TRUSTEE CHAIR OF THE BOARD 2 0 X 0 0 0 ROSENE LAURA TRUSTEE CHAIR FOR COMMITTEE ON ACADEMIC AFFAIRS 2 0 X 0 0 0 SHARRY JANICE VYN TRUSTEE CHAIR FOR COMMITTEE ON FACILITIES AND INFRASTRUCTURE 2 0 X 0 0 0 SMITH CHARLES F TRUSTEE CHAIR FOR COMMITTEE ON TRUSTEES 2 0 X 0 0 0 SPAULDING DAN TRUSTEE 1 0 X 0 0 0 VITALE ADAM TRUSTEE 1 0 X 0 0 0 VOVIS GERALD F TRUSTEE CHAIR FOR COMMITTEE ON FINANCE 2 0 X 0 0 0 WINNING R KYLE TRUSTEE 1 0 X 0 0 0 ZUCKER SUSAN HAER TRUSTEE CHAIR FOR ADVANCEMENT 2 0 X 0 0 0 STRAUS JOHN JR EX OFFICIO TRUSTEE 1 0 X 0 0 0 AMOTT TERESA L PRESIDENT AND EX OFFICIO TRUSTEE 55 0 X X 297843 0 34294 ARCHER KEITH VICE PRESIDENT FOR FINANCE AND ADMINISTRATIVE SERVICES AND CHIEF FINANCIAL OFFICER/TREASURER 40 0 X 180398 0 11230 BEHLING LAURA VICE PRESIDENT FOR ACADEMIC AFFAIRS AND DEAN OF THE COLLEGE 40 0 X 172903 0 21965 EHRLICH ANNE VICE PRESIDENT FOR STUDENT DEVELOPMENT 40 0 X 123125 0 6496 HALL STEVEN VICE PRESIDENT AND CHIEF INFORMATION OFFICER 40 0 X 103366 0 21284 HOLMES BEVERLY VICE PRESIDENT FOR ADVANCEMENT 40 0 X 150639 0 13673 JONES VICKY S BUDGET COORDINATOR/EXEC ASSISTANT VP FINANCE/LEGAL AFFAIRS/ASSISTANT SECRETARY TO THE COLLEGE 40 0 X 65545 0 4006 MAURER BOBBY JO CONTROLLER/ASSISTANT TREASURER 40 0 X 97657 0 10572 SCOTT MEGAN VICE PRESIDENT FOR COMMUNICATIONS 40 0 X 81217 0 20437 STEENIS PAUL VICE PRESIDENT FOR ENROLLMENT/DEAN OF ADMISSION 40 0 X 144476 0 20256 WARE PEGGY EXECUTIVE ASSISTANT TO THE PRESIDENT/SECRETARY TO THE COLLEGE 40 0 X 56963 0 729 BREITBORDE LAWRENCE PROFESSOR OF ANTHROPOLOGY 40 0 X 126633 0 19847 SCHULZ CHARLES REGISTRAR/PROFESSOR OF PHYSICS 40 0 X 107508 0 19837 WILSON MARK J ASSOCIATE VICE PRESIDENT OF MAJOR GIFTS 40 0 X 130675 0 8086 1838948 0 212712 10 0 1 0 BON APPETIT 2400 YORKMONT ROAD CHARLOTTE NC 28217 DINING MANAGEMENT 3132359 PJ HOERR INC 107 COMMERCE PLACE PEORIA IL 616045285 CONSTRUCTION 3081023 LA MAIR-MURDOCK-CONDON COMPANY SUITE 200 4200 UNIVERSITY AVE WEST DESMOINES IA 502665945 INSURANCE 636577 ASSOCIATED COLLEGES OF THE MIDWEST CHRISTOPHER WELNA PRESIDENT SUITE 800 11 EAST ADAMS STREET CHICAGO IL 606036324 OFF CAMPUS PROGRAMS AND MEMBERSHIP 370862 HOLABIRD AND ROOT LLC 140 SOUTH DEARBORN STREET 5TH FLOOR CHICAGO IL 60603 ARCHITECTS AND ENGINEERING 328177 8 0 0 0 0 1217397 14673164 1883570 15890561 TUITION AND FEES 611310 56804995 56804995 0 0 AUXILIARY ENTERPRISES-CATERING 722320 102800 0 102800 0 AUXILIARY ENTERPRISES--PROGRAM 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133456033 0 0 0 0 0 0 14900746 15476643 195510828 215504867 4447546 4976429 0 0 466275 419069 24700000 24537555 0 0 0 0 0 0 0 0 21487849 19597359 51101670 49530412 X 28095197 30615305 31556934 38664781 84757027 96694369 144409158 165974455 195510828 215504867 X 8004661 10642992 0 0 0 2917644 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X X 0 123722376 7666658 19832005 7747149 227629 0 143246261 127782026 4197693 -1437254 6647903 172186 0 123722376 124428259 6302779 1469988 4421000 -2000 0 127782026 98752347 11130470 18787764 4155000 87322 0 124428259 84362700 7112866 11350743 3998073 75889 0 98752347 0.1696 0.6657 0.1647 0 0 0 3165002 3165002 0 81720608 47328118 34392490 0 0 0 0 0 22089732 18750130 3339602 0 19561875 5509285 14052590 54949684 BENEFICIAL INTEREST IN PERPETUAL TRUST 11807942 STUDENT LOANS RECEIVABLE 3668701 15476643 0 LINE OF CREDIT FOR CAPITAL PURPOSES 8354559 STUDENT DEPOSITS 533208 DEPOSITS HELD IN CUSTODY FOR OTHERS 100696 ANNUITIES PAYABLE 959901 POSTRETIREMENT BENEFIT OBLIGATION 1843575 FEDERAL EQUITY IN LOAN PROGRAMS 1991780 INTEREST RATE SWAP LIABILITY 5247928 CAPITAL LEASE OBLIGATIONS PAYABLE 565712 19597359 X 68896749 10642992 0 0 0 10642992 58253757 0 34791264 34791264 93045021 50249096 0 0 0 0 0 50249096 0 34791264 34791264 85040360 Schedule D, Part III, Line 1 The College has collections of valuable artwork, papers, and other memorabilia that were donated to the College. These items are on display and are used by educators, researchers, historians, and others. These contributed collections are not reflected on the financial statements. However, all proceeds from any sales of collections, or items in a collection, must be used to acquire other items for collections. As of June 30, 2017 and 2016, there were no unspent proceeds from sales of collections. Schedule D, Part III, Line 4 The College has collections of valuable artwork, papers, and other memorabilia that were donated to the College. These items are on display and are used by educators, researchers, historians, and others. Schedule D, Part V, Line 4 The College's endowment consists of several individual funds established for a variety of purposes: scholarships, professorships, library, lectureships, research, prizes, and donor specified educational activities. Included in these funds are both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. (From Note 20 of Knox College Financial Statements and Independent Auditor's Report For the Year Ended June 30, 2017.) Schedule D, Part X, Line 2 The College is a not-for-profit entity as described in Section 501(c)(3) of the Internal Revenue Code (IRC) and is exempt from federal income taxes on related income pursuant to Section 501(a) of the IRC and similar provisions of the state tax code. The College is not classified as a private foundation. (From Note 2 of Knox College Financial Statements and Independent Auditor's Report For the Year Ended June 30, 2017.) Schedule D, Part XI, Line 4b STUDENT FINANCIAL AID AND SCHOLARSHIPS $34,791,264 Schedule D, Part XII, Line 4b STUDENT FINANCIAL AID AND SCHOLARSHIPS $34,791,264 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 KNOX COLLEGE'S NONDISCRIMINATION POLICY IS CLEARLY STATED IN THE COLLEGE CATALOG, WEBSITE, ADMISSIONS MATERIALS, APPLICATIONS, AND OTHER PUBLICATIONS. Schedule E, Part I, Line 6 EXPLANATION FOR LINE 6b_FOR THE FISCAL YEAR, KNOX COLLEGE RECEIVED AWARDS FROM THE FOLLOWING FEDERAL PROGRAMS: FEDERAL WORK STUDY, FEDERAL DIRECT LOAN PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, FEDERAL PELL GRANT, FEDERAL PERKINS LOAN PROGRAM, STUDENT SUPPORT SERVICES PROGRAM, MCNAIR POST-BACCALAUREATE ACHIEVEMENT; CHAPTER 33 POST 911 GI BILL, NATIONAL SCIENCE FOUNDATION AND NATIONAL ENDOWMENT FOR THE ARTS. 1 South America 1 1 Program Services Buenos Aires: In cooperation with the University of Palermo in Buenos Aires, Knox offers a term of accredited academic study specially designed to emphasize the social sciences and language. Program offerings vary, but recent courses have included: Introduction to Anthropology, Popular Culture in Latin America, Argentine Society, Social Thought, and Culture, Latin American Art, History of 20th Century Latin America, Politics and Government in Latin America, Evolution of Argentine Society, Latin American Literature, Advanced Spanish Language, and Social Cinema of Argentina. Courses are taught in Spanish by University of Palermo professors. All students take a language course (which includes two educational trips outside Buenos Aires, and several within the city) and pursue a combination of electives, mostly chosen from those offered by the program. 119663 Europe (including Iceland and Greenland) 1 1 Program Services Spain-Barcelona: Knox, in cooperation with the University of Barcelona, offers academic study in language, the humanities and the social sciences. Students pursue a combination of courses, all taught in Spanish by professors from the University of Barcelona. Some of the courses are fitted to the particular needs of program students; other courses are from the regular University curriculum offered to Spanish students. All students live in the homes of Spanish families in Barcelona. The program has a two-week trip throughout southern Spain during Winter Break as well as other shorter educational field trips. 325402 Europe (including Iceland and Greenland) 1 1 Program Services France-Besancon: The Knox program is the principal American program at the University in Besancon. Besancon is a city of 120,000 people, with 20,000 students at the University. Participants take courses for foreign students in language and culture, plus several courses chosen from the regular University curriculum to meet individual needs. All courses are taught in French by the University of Besancon professors. Students with majors other than French may continue study in their major fields. All students stay with French families for the October orientation period, then live during the year or term in University dormitories with French and foreign students. 223561 Central America and the Caribbean 0 0 Investments INVESTMENT WITH LAZARD LTD 234561 3 3 903187 SCHOLARSHIPS Central America and the Caribbean 1 33200 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS East Asia and the Pacific 70 1395076 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS Europe (including Iceland and Greenland) 17 436483 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIP Middle East and North Africa 3 76667 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS North America (including Canada and Mexico, but not the United States) 10 330023 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS Russia and the newly independent States 1 32000 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS South America 7 154743 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS South Asia 67 1687008 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS Sub-Saharan Africa 25 594860 CREDIT TO STUDENT ACCOUNT 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 Financial Aid and Satisfactory Academic Progress Standards: To remain at Knox, all degree-seeking students are expected to make satisfactory academic progress. Satisfactory progress is defined both in terms of the accumulation of credits toward the degree, and the maintenance of a grade point average consistent with graduation requirements. The Financial Aid Office follows the decisions of the Academic Standing Committee in determining whether a student is meeting the College's satisfactory academic progress standards. 1 INDIVIDUAL GIFT AID (GRANTS AND/OR SCHOLARSHIPS TO STUDENTS) 1197 30051204 0 Schedule I, Part I, Line 2 Description for Monitoring the Use of Grant Funds in the US Financial Aid and Satisfactory Academic Progress Standards: To remain at Knox, all degree-seeking students are expected to make satisfactory academic progress. Satisfactory progress is defined both in terms of the accumulation of credits toward the degree, and the maintenance of a grade point average consistent with graduation requirements. The Financial Aid Office follows the decisions of the Academic Standing Committee in determining whether a student is meeting the College's satisfactory academic progress standards. X X 1 1 X X 0 0 0 0 0 0 0 0 0 AMOTT TERESA L PRESIDENT 297843 0 0 0 0 0 22294 0 12000 0 332137 0 0 0 ARCHER KEITH TREASURER/VICE PRESIDENT 180398 0 0 0 0 0 11230 0 0 0 191628 0 0 0 BEHLING LAURA VICE PRESIDENT/DEAN 172903 0 0 0 0 0 21965 0 0 0 194868 0 0 0 HOLMES BEVERLY VICE PRESIDENT 150639 0 0 0 0 0 13673 0 0 0 164312 0 0 0 STEENIS PAUL VICE PRESIDENT 144476 0 0 0 0 0 20256 0 0 0 164732 0 0 0 Schedule J, Part I, Line 1a Occasionally the President's husband will accompany the President on College fund raising events. The College provides funding for his travel costs. These travel costs are not considered compensation as he is participating in fundraising for the College. Reimbursements for travel cost must follow the College's purchasing and accounts payable policies. These policies include requirements for documentation and receipts. The President is provided housing by the College. The President's house is considered a part of the College's campus and is used for College events and entertaining. The President's housing is considered nontaxable as it is provided for the convenience of the College. Schedule J, Part I, Line 3 Compensation is reviewed annually. This review includes cost of living statistics, compensation paid for similar positions at other similar colleges, and compensation paid locally for like positions. A standard achievement increase is determined and is approved by the Board of Trustees during the June meeting in conjunction with the approval of the following year's budget. All staff increases are reviewed by the President, Vice Presidents, and heads of departments. The Board of Trustees follows the principal and policies outlined in Knox's executive compensation program as approved May 2, 2016. Compensation for executives of the College is determined by evaluation of a variety of factors, including the skills, tenure, experience and performance of the executive; the difficulty of replacing the executive and the importance of the position to the College; and historical compensation levels and internal pay equity issues. All compensation and other financial benefits for Collee employees who are Disqualified Persons are to be approved in advance of payment or agreement for payment by the Executive Committee of the Board of Trustees. X 59 1725570 AVE MARKET HIGH LOW X 1 158000 APPRAISAL 1 0 1 0 Form 990, Part VI, Section A, Line 4 The Bylaws were last amended June 3, 2017. Substantive changes included: (1) Changing the maximum number of Trustees to 43. (2) Setting term limits for the Board Chair, Vice-Chair and committee chairs to 4 years. (3) Creating a Vice-Chair of the Board position which replaced the Secretary of the Board. (4) Increasing the dollar threshold for the President's authority to sell real property. (5) Designating the oversight of risk management to the Executive Committee and Audit Subcommittee. (6) Revising the responsibilities of the Investment Subcommittee to include the selection and management of an investment consulting firm for the role of the College's Chief Investment Officer. Form 990, Part VI, Section B, Line 11b The 990 was reviewed by the Chair of the Audit Subcommittee and the Chair of the Committee on Finance. The 990 is made available to all College Trustees for review before it is filed. Form 990, Part VI, Section B, Line 12c Officer's Conflict of Interest (From Bylaws of Knox College): Any conflict of interest on the part of an officer of the College designated in this article, or members of such officer's immediate family, shall be disclosed by the officer in writing to the Board of Trustees at least annually and made a matter of record. When any such interest becomes relevant to any subject requiring administration or Board of Trustees' action, the officer having a conflict shall call it to the attention of the President and, if the matter is being considered by the Board of Trustees or one of its committees, to the attention of the Board or such committee. The officer shall not participate in the discussion of the subject or make any recommendations regarding the subject in which the officer or a member of the officer's immediate family has a conflict of interest, and shall not use personal influence to affect the decision with respect to such subject. An officer of the College who is excluded from participating in discussions or making recommendations regarding the subject because of such conflict or interest shall, however, briefly state the nature of the conflict and shall be encouraged to answer pertinent questions of the Trustees when the officer's knowledge of the subject will assist the Board of Trustees, any of its committees or the administration. The minutes of any meeting attended by the interested officer at which the subject is discussed shall reflect that a disclosure was made and that the interested officer abstained from the discussion except to the extent provided above. Form 990, Part VI, Section B, Line 14 The College does not have a written document retention and destruction policy. The record retention and destruction policies are developed, as needed, by each department to address their specific type(s) of records. Departments follow industry standards that are appropriate for their specific type(s) of records. In conjunction with record destruction for confidential records, the College contracted with a vendor to provide locked bins for departmental use and the secure destruction of these records. Form 990, Part VI, Section B, Line 15 Compensation is reviewed annually. This review includes cost of living statistics, compensation paid for similar positions at other similar colleges, and compensation paid locally for like positions. A standard achievement increase is determined and is approved by the Board of Trustees during the June meeting in conjunction with the approval of the following year's budget. The Board of Trustees reviews the President's salary and approves any changes. All staff increases are reviewed by the President, Vice Presidents, and heads of departments. Form 990, Part VI, Section C, Line 17 The College is not required to file a copy of Form 990 with the State of Illinois or any other state. Form 990, Part VI, Section C, Line 19 The Bylaws of the College are available on the College's website (www.knox.edu). Each fall, conflict of interest forms are distributed to trustees, officers, and department heads. Financial statements are available upon request in the Treasurer's Office. All trustees are provided copies of the financial statements each year. Form 990, Part XI, Line 9 Change in fair value interest rate swaps $2,406,726; postretirement benefits other than periodic costs $18,116; adjustments of amounts due under split interest agreements ($99,689); change in value of perpetual trust $592,491