2018-04-16T08:21:16-07:00 2017-05-31 990 2016-06-01 420680389 SIMPSON COLLEGE SIMP 5159611398 701 N C St Indianola IA 50125 Catherine Hoch VP for Business & Finance 5159611512 2018-04-16 207.32.33.1 2016 2021-01-29 14:40:06Z Jay K Simmons 701 N C St Indianola IA 50125 75559979 0 X www.simpson.edu X 1860 IA Simpson College is an independent, selective, church-related, comprehensive liberal arts college dedicated to excellence in higher education. The Simpson College community is equally committed to: Promoting integrative learning that enables students of all ages to develop intellectual and practical skills; Nurturing values which foster personal worth and individuality within a creative, diverse and just community; Graduating students who continue to grow as free, responsible and fulfilled individuals in the world of family, work, service and scholarship; Drawing up our relationship with the United Methodist Church and our religious traditions that guide us on issues of personal integrity, moral responsibility, social justice and global citizenship. 42 41 1468 0 30636 0 2955955 4345862 56113036 56426844 2711310 3197506 674884 663747 62455185 64633959 23744616 24448391 0 0 22277725 22488330 0 0 1129520 18113520 18052148 64135861 64988869 -1680676 -354910 152057967 154530316 39725646 37475392 112332321 117054924 Simpson College is an independent, selective, church-related, comprehensive liberal arts college dedicated to excellence in higher education. The Simpson College community is equally committed to: Promoting integrative learning that enables students of all ages to develop intellectual and practical skills; Nurturing values which foster personal worth and individuality within a creative, diverse, and just community; Graduating students who continue to grow as free, responsible and fulfilled individuals in the world of family, work, service, and scholarship; Drawing upon our relationship with the United Methodist Church and our religious traditions that guide us on issues of personal integrity, moral responsibility, social justice and global citizenship. 0 0 24448391 24448391 0 Scholarship Programs: Scholarships and grants to students. (1,293 students) 17484208 0 0 Higher Education Instruction: Instruction and academic support was provided to full and part-time students (1,608 students) 9637969 0 0 Student Services Programs: Student Services, including student development, academic and career counseling, college chaplain, intercollegiate athletics, financial assistance and other services, was provided to full and part-time students. (1,608 students) 7508982 0 0 Student Services Auxiliary Enterprises: Auxiliary enterprises including housing, food services and conferencing facilities available for student use. (1,608 students) 7508982 0 0 59079550 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 2088 0 1 1468 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 42 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Catherine Hoch 5159611398 701 N C St Indianola IA 50125 Jay R Byers Trustee 0.5 0 X 0 0 0 Mary Sconiers Chapman Trustee 0.5 0 X 0 0 0 Nicole L Crain Trustee 0.5 0 X 0 0 0 Michael DeVito Trustee 0.5 0 X 0 0 0 D Robert Downing Trustee 0.5 0 X 0 0 0 Steven C Fiterman Trustee 0.5 0 X 0 0 0 Ben F Gaumer Trustee 0.5 0 X 0 0 0 Darrell J Goodhue Trustee 0.5 0 X 0 0 0 Denise M Griffey Trustee 0.5 0 X 0 0 0 Joseph D Hall Trustee 0.5 0 X 0 0 0 Terry W Handley Trustee, Secretary of the Board 0.5 0 X X 0 0 0 Jordan B Hansell Trustee 0.5 0 X 0 0 0 Mark L Hill Trustee 0.5 0 X 0 0 0 Steven G Johnson Trustee 0.5 0 X 0 0 0 Ronald L Keller Trustee 0.5 0 X 0 0 0 Sean M Kennedy Trustee 0.5 0 X 0 0 0 Gage A Kent Trustee 0.5 0 X 0 0 0 Linda W Koehn Trustee 0.5 0 X 0 0 0 John T Lawlor Trustee 0.5 0 X 0 0 0 Terrance J Lillis Trustee, Board Chair 0.5 0 X X 0 0 0 Barbara A Miller Trustee 0.5 0 X 0 0 0 Mark C Miller Trustee 0.5 0 X 0 0 0 Alejandro Munoz Trustee 0.5 0 X 0 0 0 Owen J Newlin Trustee 0.5 0 X 0 0 0 John R Norris Jr Trustee 0.5 0 X 0 0 0 Kaela L Phillips Trustee 0.5 0 X 0 0 0 Nile D Ramsbottom Trustee 0.5 0 X 0 0 0 Lauren Rasmussen Trustee 0.5 0 X 0 0 0 Sunnie Richer Trustee 0.5 0 X 0 0 0 Robert G Riley Jr Trustee 0.5 0 X 0 0 0 Gary L Ruble Trustee 0.5 0 X 0 0 0 Michael A Sadler Trustee 0.5 0 X 0 0 0 Thomas C Shandley Trustee 0.5 0 X 0 0 0 James C Spooner Trustee 0.5 0 X 0 0 0 Deanna Strable-Soethout Trustee, Treasurer of the Board 0.5 0 X X 0 0 0 Dustin L Thomas Trustee 0.5 0 X 0 0 0 Julius C Trimble Trustee 0.5 0 X 0 0 0 Thomas N Urban Trustee 0.5 0 X 0 0 0 Philip J Webb Trustee 0.5 0 X 0 0 0 David A Weesner Trustee 0.5 0 X 0 0 0 Richard M Willis Trustee 0.5 0 X 0 0 0 Jay K Simmons President 40 0 X 242497 0 92462 Catherine A Hoch Vice President for Business & Finance 40 0 X 68447 0 11624 Kent A Eaton Senior Vice President & Academic Dean 40 0 X 69233 0 3868 Robert J Lane Vice President for College Advancement 40 0 X 152924 0 18844 Kelley L Bradder Vice President for Information Services 40 0 X 117739 0 40391 Deborah J Tierney Vice President for Enrollment 40 0 X 116324 0 13119 Fred O Jones Professor of Sociology 40 0 X 113012 0 18055 Christopher J Goodale Asst VP for College Advancement 40 0 X 106910 0 32409 Heidi Levine Vice President for Student Development 40 0 X 105098 0 18237 Kenneth I Birkenholtz Former Vice President for Business & Finance 0 0 X 234117 0 15360 1326301 0 264369 10 1 1 0 Chartwells Dining Services PO Box 91337 Chicago IL 606931337 Food Services 3197266 Sodexo Operations LLC PO Box 360170 Pittsburgh PA 152516170 Facilities Services 2096234 Sodexo Food Services LLC PO Box 360170 Pittsburgh PA 152516170 Food Services 1368585 Ellucian Inc 62814 Collections Center Dr Chicago IL 60693 Information Technology Services 409887 QCI 4300 Westown Pkwy Suite 150 West Des Moines IA 50266 Information Technology Services 330219 10 0 0 25936 0 923544 3396382 216085 4345862 Tuition and Fees 611310 47998504 47998504 0 0 Residence Halls 721310 4356987 4356987 0 0 Food Service 722210 3590604 3590604 0 0 Conference Program 721000 429566 429566 0 0 Bookstore 451211 51183 51183 0 0 0 0 0 0 56426844 1686713 0 1448 1685265 1 0 0 1 6467 0 0 6467 144802 0 80560 0 64242 0 64242 0 0 64242 12325977 0 10815185 0 1510792 0 1510792 1510792 0 0 34536 25936 30275 4261 0 4261 0 0 0 0 0 0 0 0 0 0 0 0 Finance Charges 611310 98129 98129 0 0 Administrative Cost Reimbursements 611310 69522 69522 0 0 Parking Fees 812930 137899 137899 0 0 283227 254039 29188 0 588777 64633959 58497225 30636 1760236 0 0 24448391 24448391 0 0 0 0 670613 135288 363677 171648 0 0 0 0 16251439 13866242 1888074 497123 550679 460244 65698 24737 3850372 3151407 531852 167113 1165227 948528 166414 50285 0 0 0 0 106042 0 106042 0 69655 0 69655 0 0 0 0 0 100000 0 100000 0 0 0 0 0 318146 117345 200801 0 1307280 943777 277336 86167 633651 324608 309043 0 0 0 0 0 3313583 3124821 188762 0 826557 656763 131321 38473 0 0 0 0 0 0 0 0 799569 751557 46092 1920 0 0 0 0 3458236 3242143 204271 11822 0 0 0 0 Contracted Services 4270302 4225248 45054 0 Athletic Teams 746852 746852 0 0 Memberships 205392 29588 175804 0 1896883 1906748 -90097 80232 64988869 59079550 4779799 1129520 118900 496081 7244945 3271677 1285346 2300961 1778579 852646 0 0 0 0 0 0 0 0 1409020 1351732 121071365 61721181 61740912 59350184 47079868 57881535 28180632 25882491 3219765 3143009 0 0 0 0 152057967 154530316 7265907 6713369 0 0 0 0 25022486 24043146 0 0 0 0 3285145 2975699 75000 0 4077108 3743178 39725646 37475392 X 40175130 39903799 19251911 23151826 52905280 53999299 112332321 117054924 152057967 154530316 -354910 5077513 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 2219 0 0 0 2219 0 Schedule C, Part II-B, Line 1 Simpson College is a member of the Iowa Association of Independent Colleges and Universities (IAICU). As calculated by IAICU, twelve percent of the 2016-2017 dues paid by the College are attributed to lobbying expenditures incurred by the organization. 0 121640 0 0 X 0 79823014 876375 8103638 2207057 1888838 100000 84607132 86006393 363249 -3142638 1790932 1513058 100000 79823014 85363062 250748 3673929 1780471 1400875 100000 86006393 78609361 780603 8874583 1469165 1332320 100000 85363062 69166031 1824599 10411843 1467069 1226043 100000 78609361 0.14 0.63 0.23 1 0 442683 2248494 2691177 606806 100271309 47587073 53291042 0 764355 399506 364849 0 16515999 13632994 2883005 119537 102182 101608 120111 59350184 0 F 0 F Interest in Small Cap Equity Funds 6748371 F Interest in Fixed Income Funds 1616211 F Interest in Private Equity Partnerships 2725942 F Interest in Hedge Funds 10985567 F Interest in Real Estate Investment Trusts 29934 F Beneficial Interest in Trusts 3414432 F Cash Surrender Value of Life Insurance 355684 F Other 6350 F 25882491 0 Student, Personnel and Sundry Deposits 889597 Interest Rate Swap Agreements 431456 U.S. Government Loan Funds Refundable 2422125 3743178 45263081 5077513 0 0 0 5077513 40185568 0 24448391 24448391 64633959 40540478 0 0 0 0 0 40540478 0 24448391 24448391 64988869 Schedule D, Part III, Line 4 The College maintains various artworks utilized primarily for the preservation of the heritage of the College and general public observation. Schedule D, Part V, Line 4 The Simpson College endowment is intended to support the College's students by providing scholarships and loan funds and the endowment is intended to support the College by providing support for operations and facilities. Schedule D, Part XI, Line 4b Student aid is netted against tuition and fees in the audited financial statements. Schedule D, Part XII, Line 4b Student aid is netted against tuition and fees in the audited financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 College publications to students, alumni, and friends of the College include a statement of the College's racially nondiscriminatory policy. Schedule E, Part I, Line 6 The College receives student financial aid under Title IV and other assistance from the Federal government and from the State of Iowa. A significant portion of this assistance is "pass through" to qualifying students. Central America and the Caribbean 0 0 Program Services Student May Term course travel 1033 East Asia and the Pacific 0 0 Program Services Student semester abroad or May Term course travel 113243 Europe (including Iceland and Greenland) 0 0 Program Services Student May Term course travel 276570 South America 0 0 Program Services Student semester abroad course travel 148154 0 0 539000 0 0 0 0 0 0 Athletic Golf Outing 60472 25936 34536 0 5133 10190 5351 0 9601 0 0 60472 25936 34536 0 5133 10190 5351 0 9601 30275 4261 1 Scholarships and grants to Simpson College students 1293 24448391 0 Schedule I, Part I, Line 2 Grants or assistance provided is for scholarships and grants to Simpson College students which are applied directly to the student's tuition charges. The Office of Financial Assistance awards scholarships and grants to students based on a variety of different criteria for each scholarship. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Jay K Simmons President 229294 0 13000 0 203 0 12879 0 79583 0 334959 0 0 0 Robert J Lane Vice President for College Advancement 150427 0 0 0 2497 0 8299 0 10545 0 171768 0 0 0 Kenneth I Birkenholtz Former Vice President for Business & Finance 155826 0 78291 0 0 0 8341 0 7019 0 249477 0 78291 0 Schedule J, Part I, Line 1a The President's spouse periodically travels with the President to official college functions. The spouse's travel is paid by the College when the official college function dictates such participation such as donor relations and alumni events. The President is provided a residence in which he/she is required to live. The residence is regularly used for college functions. An estimated fair value of $30,348 for President Jay Simmons has been included under Form 990 Part VII and Schedule J Part II. Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees consists of the Treasurer, Secretary and Chairman of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation and benefits for the President. The Committee uses comparability data such as a survey issued to several private colleges regarding total compensation for a President conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. The data includes information from what Simpson College deems as their peer or comparable colleges and universities. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. Schedule J, Part I, Line 4 During the year, Ken Birkenholtz, Former VP for Business & Finance, received a payment of $47,818.24 for a non-qualified voluntary retirement plan. This amount has been included on Schedule J, Part II, Section B (ii) under compensation from filing organization. A Iowa Higher Education Loan Authority 421235696 2013-06-26 27841842 See Part VI 0 0 0 A 2146675 0 26316951 0 0 0 133812 0 0 3616028 22567110 0 2014 1 0 1 1 A 0 0 0 0 0 0 0 1 0 1 A 0 1 1 0 1 1 Regions Bank 10.4 0 0 0 0 1 A 1 Schedule K, Part I, Column f-06/26/2013 27,841,842 Iowa Higher Education Loan Authority Refund prior issues (2/15/2005), (11/19/2009), various campus buildings and residence hall improvements Schedule K, Part II, Line 3-06/26/2013 27,841,842 Iowa Higher Education Loan Authority The total proceeds do not agree to the issue price in Part I, column (e) as this debt was issued on a draw-down basis and the total principal drawn was less than the amount available. The remaining principal will not be drawn. X 1 4500 FMV X 18 174482 FMV X Athletic Fundraising 67 16587 FMV X Misc Gifts in Kind 22 12204 FMV X Use of Vehicle Provided 1 8312 Dealer Lease Rate 0 0 1 1 Schedule M, Part I, Line 32b All stock gifts are received by an outside investment broker. When transactions are received into Simpson's account, the third party communicates the transaction to the Vice President for Business & Finance. The Vice President for Business & Finance then relays to the third party to sell the stock gift. Form 990, Part VI, Section B, Line 11b The return preparer reviewed a draft copy of the Form 990 with the President and Vice President for Business & Finance. The return preparer and the Vice President for Business & Finance reviewed the draft and addressed questions with a tax expert who is part of the accounting firm that audits the College. Appropriate changes were made, if applicable, to the Form 990 based on these reviews. Then, the final draft of the return was made available to all trustee members prior to filing. The return was provided electronically through the College portal and any comments or questions were directed to management or the Audit and Compliance Committee of the Board of Trustees. Finally, prior to return filing, a meeting of the Audit and Compliance Committee to the Board of Trustees was held in which management reviews the Form 990 with the Committee. The tax expert also participated in the meeting with the Audit and Compliance Committee. Appropriate changes, if applicable, were made to the Form 990 at the direction of the Audit and Compliance Committee before filing. Form 990, Part VI, Section B, Line 12c As required by the College bylaws, all trustees, officers and key employees are required to disclose annual interests that could give rise to conflicts. All reported information is compiled under the direction of the President. Copies of the completed forms are provided to the Audit and Compliance Committee of the Board of Trustees who then determines whether further review or action is necessary. Form 990, Part VI, Section B, Line 15 The Executive Compensation Committee of the Board of Trustees consists of the Treasurer, Secretary, and Chairperson of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation of the cabinet-level administrators. The Committee uses comparability data such as survey issued to several private colleges regarding total compensation for a president conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. Minutes of all Committee meetings are kept and maintained. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. The Committee last reviewed the Compensation package to the President during the year ended in May 2017. Form 990, Part VI, Section C, Line 19 Upon written request to the President or Vice President for Business & Finance, the College will make its governing documents, conflict of interest policy and financial statements available to the public.