ST OLAF COLLEGE: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
ST OLAF COLLEGE (EIN 41-0693979)
Tax period
2015-06-01 to 2016-05-31
Filed
2017-03-28
IRS object ID
201700879349300920
Schema version
2015v3.0
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)
Return2017-03-28T15:02:44-07:00ReturnTs
Tax Period End2016-05-31TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2015-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN410693979EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1St Olaf CollegeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTOLBusinessNameControlTxt
Phone5077862222PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11520 St Olaf AvenueAddressLine1Txt
CityNorthfieldCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55057ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJanet HansonPersonNm
Person TitleVice President & CFOPersonTitleTxt
Signature2017-03-28SignatureDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDavid AndersonPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11520 St Olaf AvenueAddressLine1Txt
CityNorthfieldCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55057ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$234,925,997GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
All Affiliates IncludedfalseAllAffiliatesIncludedInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.stolaf.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1874FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionSee Schedule O.ActivityOrMissionDesc
Voting Members Governing Body27VotingMembersGoverningBodyCnt
Voting Members Independent26VotingMembersIndependentCnt
Total Employee3535TotalEmployeeCnt
Total Volunteers700TotalVolunteersCnt
Total Gross UBI-$842,159TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$1,233,217NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$21,937,435PYContributionsGrantsAmt
CY Contributions Grants$26,137,294CYContributionsGrantsAmt
PY Program Service Revenue$157,223,999PYProgramServiceRevenueAmt
CY Program Service Revenue$163,015,257CYProgramServiceRevenueAmt
PY Investment Income$26,318,539PYInvestmentIncomeAmt
CY Investment Income$8,966,773CYInvestmentIncomeAmt
PY Other Revenue$279,333PYOtherRevenueAmt
CY Other Revenue$410,918CYOtherRevenueAmt
PY Total Revenue$205,759,306PYTotalRevenueAmt
CY Total Revenue$198,530,242CYTotalRevenueAmt
PY Grants And Similar Paid$60,031,521PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$65,408,640CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$64,322,521PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$67,617,157CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$24,414PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$73,242CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,698,205CYTotalFundraisingExpenseAmt
PY Other Expenses$51,387,377PYOtherExpensesAmt
CY Other Expenses$53,519,497CYOtherExpensesAmt
PY Total Expenses$175,765,833PYTotalExpensesAmt
CY Total Expenses$186,618,536CYTotalExpensesAmt
PY Revenues Less Expenses$29,993,473PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$11,911,706CYRevenuesLessExpensesAmt
Total Assets BOY$757,230,334TotalAssetsBOYAmt
Total Assets EOY$764,920,265TotalAssetsEOYAmt
Total Liabilities BOY$123,040,146TotalLiabilitiesBOYAmt
Total Liabilities EOY$142,167,324TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$634,190,188NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$622,752,941NetAssetsOrFundBalancesEOYAmt
MissionSt. Olaf College challenges students to excel in the liberal arts, examine faith and values, and explore meaningful vocation in an inclusive, globally engaged community nourished by Lutheran tradition.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$171,151,643ExpenseAmt
Grant$65,408,640GrantAmt
Revenue$163,015,257RevenueAmt
DescPostsecondary Education - 4 Year, Residential, Liberal Arts Education: In the 2015-2016 academic year, St. Olaf College enrolled 3,019 full time students and 41 part time students. The graduating class of 2016 had 775 graduates. A student to faculty ratio of 11.93:1 supports St. Olaf students with classroom, laboratory, and off-campus experiences. St. Olaf College is accredited as a degree-granting institution by the Higher Learning Commission of the North Central Association of Colleges and Secondary Schools. The Colleges academic programs are also accredited by the American Chemical Society, Commission on Collegiate Nursing Education, Council on Social Work Education, National Association of Schools of Dance, National Association of Schools of Music, National Association of Schools of Theatre, and National Council for Accreditation of Teacher Education.Desc
Total Program Service Expenses$171,151,643TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsYes (true)ConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonYes (true)GrantToRelatedPersonInd
Business Rln With Org MemYes (true)BusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntYes (true)BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (true)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document3860IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee3535EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Org Filed In Lieu Of Form1041falseOrgFiledInLieuOfForm1041Ind
Licensed More Than One StatefalseLicensedMoreThanOneStateInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members27GoverningBodyVotingMembersCnt
Independent Voting Member26IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsYes (true)ChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
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)
PersonJanet HansonPersonNm
Phone5077862222PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11520 St Olaf AvenueAddressLine1Txt
CityNorthfieldCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55057ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (44 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Kristine Johnson
Chair1.700.00Yes (X)$0$0$0
Lawrence Stranghoener
Vice Chair1.700.00Yes (X)$0$0$0
Nancy Anderson
Regent1.700.00Yes (X)$0$0$0
Kevin Bethke
Regent1.700.00Yes (X)$0$0$0
Kari Bjorhus
Regent1.700.00Yes (X)$0$0$0
Gregory Buck
Regent1.700.00Yes (X)$0$0$0
Leon Clark Jr
Regent1.700.00Yes (X)$0$0$0
Sam Dotzler
Regent1.700.00Yes (X)$0$0$0
William Gafkjen
Regent1.700.00Yes (X)$0$0$0
Peter Gotsch
Regent1.700.00Yes (X)$0$0$0
John Grotting
Regent1.700.00Yes (X)$0$0$0
Susan Gunderson
Regent1.700.00Yes (X)$0$0$0
Eric Hanson
Regent1.700.00Yes (X)$0$0$0
David Hill
Regent1.700.00Yes (X)$0$0$0
Jody Kleppe Horner
Regent1.700.00Yes (X)$0$0$0
Ronald Hunter
Regent1.700.00Yes (X)$0$0$0
Mark Jordahl
Regent1.700.00Yes (X)$0$0$0
Ward Klein
Regent1.700.00Yes (X)$0$0$0
Jay Lund
Regent1.700.00Yes (X)$0$0$0
Timothy Maudlin
Regent1.700.00Yes (X)$0$0$0
Philip Milne
Regent1.700.00Yes (X)$0$0$0
Gretchen Morgenson
Regent1.700.00Yes (X)$0$0$0
Jon Salveson
Regent1.700.00Yes (X)$0$0$0
Glenn Taylor
Regent1.700.00Yes (X)$0$0$0
Al Tindall
Regent1.700.00Yes (X)$0$0$0
Theresa Hull Wise
Regent1.700.00Yes (X)$0$0$0
David Anderson
President40.000.00$402,449$0$62,061Yes (X)
Jo Beld
VP of Mission40.000.00$103,892$0$29,967Yes (X)
Enoch Blazis
VP Advancement40.000.00$190,221$0$33,865Yes (X)
Dan Dressen
Assoc Provost40.000.00$120,882$0$20,559Yes (X)
Nathan Engle
Controller40.000.00$88,285$0$33,165Yes (X)
Mark Gelle
CIO40.000.00$120,486$0$14,205Yes (X)
Michael Goodson
VP Human Resour40.000.00$148,951$0$38,876Yes (X)
Janet Hanson
VP and CFO40.000.00$193,568$0$36,737Yes (X)
Gregory Kneser
VP & Dean of St40.000.00$149,232$0$26,615Yes (X)
Michael Kyle
VP of Admission40.000.00$183,204$0$45,709Yes (X)
Marci Sorter
Provost Dean Co40.000.00$213,938$0$48,180Yes (X)
Christopher George
Dean of Admission40.000.00$128,234$0$40,249Yes (X)
Roberta Lembke
Dir of IT & Librar40.000.00$124,158$0$23,676Yes (X)
Rebecca Otten
Dir of Development40.000.00$136,227$0$16,145Yes (X)
Lavern Rippley
Professor40.000.00$133,487$0$23,699Yes (X)
Peter Sandberg
Asst VP Facilities40.000.00$128,847$0$28,925Yes (X)
Angie Mathews
Former Controller40.000.00$110,048$0$16,620Yes (X)
James May
Former Provost40.000.00$93,787$0$28,799Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,769,896TotalReportableCompFromOrgAmt
Total Other Compensation$568,052TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K139IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Bon Appetit Management Co
100 Hamilton Avenue Suite 300Palo AltoCA94301Food Service$8,120,245
Educational & Institutional Insurance Adm
200 S Wacker Dr Ste 1000ChicagoIL60606Insurance Advisor$1,164,005
Muska Electric Company
1985 Oakcrest AvenueRosevilleMN55113Electric Contractor$981,192
The Boldt Company
2525 N Roemer RoadAppletonWI54911Cnstruction Contract$6,582,683
Thyssenkrupp Elevator Corporation
2801 Network Boulevard Suite 700FriscoTX75034Services and Goods$924,487
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K55CntrctRcvdGreaterThan100KCnt
Fundraising$152,278FundraisingAmt
Government Grants$3,175,443GovernmentGrantsAmt
All Other Contributions$22,809,573AllOtherContributionsAmt
Noncash Contributions$5,634,609NoncashContributionsAmt
Total Contributions$26,137,294TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Other900099$3,405,548$3,214,330$191,218
Sales & Services from Aux611710$27,107,419$655,083$26,041,829$410,507
Tuition and Fees900099$132,502,290$132,502,290
FieldValueIRS element (for citing)
Total Program Service Revenue$163,015,257TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,698,979TotalRevenueColumnAmt
Unrelated Business Revenue-$1,301,619UnrelatedBusinessRevenueAmt
Exclusion$9,000,598ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$271,586RealAmt
Personal$54,169PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$122,903RealAmt
Personal$5,216PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$148,683RealAmt
Personal$48,953PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$197,636TotalRevenueColumnAmt
Unrelated Business Revenue$48,953UnrelatedBusinessRevenueAmt
Exclusion$148,683ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$32,615,335SecuritiesAmt
Other$2,986,848OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$32,823,201SecuritiesAmt
Other$1,511,188OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$207,866SecuritiesAmt
Other$1,475,660OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,267,794TotalRevenueColumnAmt
Exclusion$1,267,794ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$75,451FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$152,278ContriRptFundraisingEventAmt
Fundraising Direct Expenses$178,384FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$102,933TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$2,071,078GrossSalesOfInventoryAmt
Cost Of Goods Sold$1,754,863CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$316,215TotalRevenueColumnAmt
Exclusion$316,215ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$198,530,242TotalRevenueColumnAmt
Related Or Exempt Func Income$136,371,703RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$842,159UnrelatedBusinessRevenueAmt
Exclusion$36,966,337ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$63,062,640TotalAmt
Program Services$63,062,640ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$2,346,000TotalAmt
Program Services$2,346,000ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,446,449TotalAmt
Program Services$870,175ProgramServicesAmt
Management And General$1,116,234ManagementAndGeneralAmt
Fundraising$460,040FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$48,324,403TotalAmt
Program Services$43,166,452ProgramServicesAmt
Management And General$3,190,450ManagementAndGeneralAmt
Fundraising$1,967,501FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$4,288,794TotalAmt
Program Services$3,863,027ProgramServicesAmt
Management And General$240,666ManagementAndGeneralAmt
Fundraising$185,101FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$9,178,116TotalAmt
Program Services$8,099,313ProgramServicesAmt
Management And General$683,766ManagementAndGeneralAmt
Fundraising$395,037FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$3,379,395TotalAmt
Program Services$2,958,759ProgramServicesAmt
Management And General$268,132ManagementAndGeneralAmt
Fundraising$152,504FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$672,315TotalAmt
Program Services$912ProgramServicesAmt
Management And General$671,213ManagementAndGeneralAmt
Fundraising$190FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$96,457TotalAmt
Management And General$96,457ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$73,242TotalAmt
Fundraising$73,242FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$367,399TotalAmt
Management And General$367,399ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,180,788TotalAmt
Program Services$2,400,066ProgramServicesAmt
Management And General$519,583ManagementAndGeneralAmt
Fundraising$261,139FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$537,106TotalAmt
Program Services$497,943ProgramServicesAmt
Management And General$38,664ManagementAndGeneralAmt
Fundraising$499FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,224,356TotalAmt
Program Services$2,565,188ProgramServicesAmt
Management And General$414,148ManagementAndGeneralAmt
Fundraising$245,020FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$2,334,725TotalAmt
Program Services$1,815,069ProgramServicesAmt
Management And General$348,458ManagementAndGeneralAmt
Fundraising$171,198FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$5,055TotalAmt
Program Services$4,180ProgramServicesAmt
Management And General$875ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$5,051,148TotalAmt
Program Services$4,809,741ProgramServicesAmt
Management And General$178,709ManagementAndGeneralAmt
Fundraising$62,698FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$8,172,663TotalAmt
Program Services$7,618,909ProgramServicesAmt
Management And General$297,999ManagementAndGeneralAmt
Fundraising$255,755FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$242,058TotalAmt
Program Services$206,919ProgramServicesAmt
Management And General$20,664ManagementAndGeneralAmt
Fundraising$14,475FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,253,504TotalAmt
Program Services$3,118,447ProgramServicesAmt
Management And General$133,796ManagementAndGeneralAmt
Fundraising$1,261FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$12,446,403TotalAmt
Program Services$11,464,444ProgramServicesAmt
Management And General$737,367ManagementAndGeneralAmt
Fundraising$244,592FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$762,298TotalAmt
Program Services$3,109ProgramServicesAmt
Management And General$759,189ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Food Service$8,292,958$7,903,867$256,437$132,654
Tuition paid to other Institut$2,050,095$2,047,989$1,717$389
Other Expenses$1,949,213$1,889,156$60,057
Membership dues paid to others$605,643$340,553$250,835$14,255

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$275,313TotalAmt
Program Services$98,785ProgramServicesAmt
Management And General$175,930ManagementAndGeneralAmt
Fundraising$598FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$186,618,536TotalAmt
Program Services$171,151,643ProgramServicesAmt
Management And General$10,768,688ManagementAndGeneralAmt
Fundraising$4,698,205FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$243,915BOYAmt
EOY$291,057EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$23,408,966BOYAmt
EOY$15,738,412EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,254,166BOYAmt
EOY$8,898,491EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$218,924BOYAmt
EOY$261,775EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$603,903BOYAmt
EOY$593,109EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$880,387BOYAmt
EOY$658,799EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$390,989,795LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$153,918,356LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$227,303,423BOYAmt
EOY$237,071,439EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$174,228,641BOYAmt
EOY$172,580,530EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$269,773,502BOYAmt
EOY$265,271,871EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$6,550,927BOYAmt
EOY$6,451,808EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$44,763,580BOYAmt
EOY$57,102,974EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$757,230,334BOYAmt
EOY$764,920,265EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$18,326,604BOYAmt
EOY$20,047,300EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$6,190,067BOYAmt
EOY$5,437,487EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$3,049,447BOYAmt
EOY$2,797,048EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$75,009,550BOYAmt
EOY$97,084,701EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$17,599,546BOYAmt
EOY$14,826,475EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,864,932BOYAmt
EOY$1,974,313EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$123,040,146BOYAmt
EOY$142,167,324EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$270,065,026BOYAmt
EOY$264,095,592EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$174,839,933BOYAmt
EOY$156,381,653EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$189,285,229BOYAmt
EOY$202,275,696EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$634,190,188BOYAmt
EOY$622,752,941EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$757,230,334BOYAmt
EOY$764,920,265EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$11,911,706ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$20,856,793NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$2,492,160OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePart I: Additional InformationFormAndLineReferenceDesc
ExplanationSt. Olaf College in the past has always checked box 7 along with box 2 because the college has always received a substantial part of its support from a governmental unit or from the general public.ExplanationTxt

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 C IRS990ScheduleC

FieldValueIRS element (for citing)
Form4720 Filed Section4955 TaxfalseForm4720FiledSection4955TaxInd
Correction MadefalseCorrectionMadeInd
VolunteersYes (true)VolunteersInd
Paid Staff Or ManagementYes (true)PaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersYes (true)MailingsMembersInd
Mailings Members$386MailingsMembersAmt
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$142DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$115,381OtherActivitiesAmt
Total Lobbying Expenditures$115,909TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind
Form4720 Filed4912 TaxfalseForm4720Filed4912TaxInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart II-B, Line 1i - Other Activities DescriptionFormAndLineReferenceDesc
ExplanationIn Tax Year 2015 St. Olaf College provided financial support in the form of transportation to students and staff who attended various lobbying and seminars with legislators. In addition, St. Olaf College provided support in the form of compensation to staff involved in these activities and postage for mailings sent to legislators. The primary focus of efforts was to communicate to representatives their continued interest in receiving grants for educational activities.St. Olaf College is a member of Minnesota Private College Council (MPCC), an organization described in section 501(c)(4) of the Internal Revenue Code. MPCC is an association of private nonprofit institutions of higher education that serves a variety of its members shared needs, including, but not only, nonpartisan and non-electoral advocacy for public policy that meets students needs and advances the interests of private higher education. St. Olaf College paid membership dues to MPCC in the amount of $158,273 during the taxable year. MPCC has divided its expenses for its taxable year ending June 30, 2016, into two groups. Group 1 consists of those expenses that did not in any way support attempts to influence legislation within the meaning of section 501(c)(3) of the Internal Revenue Code (lobbying), and Group 2 consists of all other expenses. Group 2 includes many expenses, such as personnel costs, that supported both lobbying and nonlobbying activities. MPCC did not attempt to allocate the Group 2 expenses between lobbying and nonlobbying activities. MPCC has determined that the amount of the Group 2 expenses represents 72.90% of the amount of the dues that MPCC collected in the same taxable year. Assuming that all Group 2 expenses were paid from member dues, and allocating those expenses pro rata based on the dues paid by each member, $115,381 of St. Olaf Colleges dues were used to pay Group 2 expenses. The amount of lobbying expenses paid from St. Olaf Colleges dues was significantly less than that amount.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Protection Natural HabitatYes (X)ProtectionNaturalHabitatInd
Total Easements2TotalEasementsCnt
Total Acreage15TotalAcreageCnt
States Easements Held1StatesEasementsHeldCnt
Written Policy MonitoringfalseWrittenPolicyMonitoringInd
Staff Hours Spent Enforcement20StaffHoursSpentEnforcementCnt
Expenses Incurred Enforcement$21,741ExpensesIncurredEnforcementAmt
Section170h Rqr StsfdfalseSection170hRqrStsfdInd

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Revenues Included$146,279RevenuesIncludedAmt
Assets Included$1,756,767AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Solicited Assets SaleYes (true)SolicitedAssetsSaleInd
Agent Trustee EtcYes (true)AgentTrusteeEtcInd
Beginning Balance$875,253BeginningBalanceAmt
Additions During Year$600,094AdditionsDuringYearAmt
Distributions During Year$686,016DistributionsDuringYearAmt
Ending Balance$789,331EndingBalanceAmt
Incl Escrow Custodial Acct LiabYes (true)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$455,506,474BeginningYearBalanceAmt
Contributions$15,066,886ContributionsAmt
Investment Earnings Or Losses-$12,507,726InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,998,039GrantsOrScholarshipsAmt
Other Expenditures$4,910,837OtherExpendituresAmt
Administrative Expenses$455,620AdministrativeExpensesAmt
End Year Balance$447,701,139EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$435,935,124BeginningYearBalanceAmt
Contributions$10,077,735ContributionsAmt
Investment Earnings Or Losses$16,623,144InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,471,680GrantsOrScholarshipsAmt
Other Expenditures$2,205,166OtherExpendituresAmt
Administrative Expenses$452,684AdministrativeExpensesAmt
End Year Balance$455,506,473EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$379,501,188BeginningYearBalanceAmt
Contributions$13,924,729ContributionsAmt
Investment Earnings Or Losses$49,433,253InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,013,894GrantsOrScholarshipsAmt
Other Expenditures$2,483,586OtherExpendituresAmt
Administrative Expenses$426,566AdministrativeExpensesAmt
End Year Balance$435,935,124EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$328,985,882BeginningYearBalanceAmt
Contributions$8,953,711ContributionsAmt
Investment Earnings Or Losses$47,567,892InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,793,720GrantsOrScholarshipsAmt
Other Expenditures$1,887,570OtherExpendituresAmt
Administrative Expenses$325,007AdministrativeExpensesAmt
End Year Balance$379,501,188EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$345,295,632BeginningYearBalanceAmt
Contributions$9,680,894ContributionsAmt
Investment Earnings Or Losses-$13,871,104InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,762,023GrantsOrScholarshipsAmt
Other Expenditures$7,963,892OtherExpendituresAmt
Administrative Expenses$393,625AdministrativeExpensesAmt
End Year Balance$328,985,882EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.37410BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.41420PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.21170TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd
Related Org List Sch RfalseRelatedOrgListSchRInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,232,890OtherCostOrOtherBasisAmt
Book Value$1,232,890BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$1,487,270InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$285,245,011OtherCostOrOtherBasisAmt
Depreciation$102,011,572DepreciationAmt
Book Value$184,720,709BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$51,582,157OtherCostOrOtherBasisAmt
Depreciation$34,986,432DepreciationAmt
Book Value$16,595,725BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$182,500InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$51,259,967OtherCostOrOtherBasisAmt
Depreciation$16,920,352DepreciationAmt
Book Value$34,522,115BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$237,071,439TotalBookValueLandBuildingsAmt
Total Book Value Securities$265,271,871TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (5 entries)

DescDescBook ValueBookValueAmt
Assets Held in Charitable Trust$30,088,537
Deferred Debt Acquisition Cost
Deposits Held by Trustee$23,041,178
Funds Held in Trust by Others$2,073,820
Other Receivables$1,899,439
FieldValueIRS element (for citing)
Total Book Value Other Assets$57,102,974TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescAsset Retirement ObligationDesc
Amt$1,974,313Amt
FieldValueIRS element (for citing)
Total Liability$1,974,313TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$111,263,046TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$20,856,792NetUnrealizedGainsInvstAmt
Other Revenue-$68,268,200OtherRevenueAmt
Revenue Not Reported-$89,124,992RevenueNotReportedAmt
Revenue Subtotal$200,388,038RevenueSubtotalAmt
Other Revenues Not Included-$1,857,796OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$1,857,796RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$198,530,242TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$122,700,293TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,857,796OtherExpensesIncludedAmt
Expenses Not Reported$1,857,796ExpensesNotReportedAmt
Expenses Subtotal$120,842,497ExpensesSubtotalAmt
Other Expenses Not Included$65,776,039OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$65,776,039ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$186,618,536TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part II, Line 9: Organization Reporting of conservation easements.Money received initially was recorded as unrestricted revenue and placed into a board designated quasi-endowment. Expenses that are incurred pertaining to the easements are recorded as operating expenses. The land related to the easements is included in as Property, Plant, and Equipment on the College's balance sheet.
Part III, Line 4: Description of organization's collections and how it furthers its purpose.The College's collections are composed primarily of artwork donated and displayed on the premises of the College. The collection furthers the exempt purpose by providing subjects for students to observe and interpret.
Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contribThe College serves as an agent for several student and other organizations.
Part IV, Line 2b: Explanation of escrow account liabilityIncluded in Line 21 of Part X are two separate types of liabilities. First are "Liabilities Payable" [$13,073,837] resulting from Charitable Annuities and Trusts where the College serves as the trustee of the assets and records a liability for the present value of future cash flows estimated to be paid out to the income beneficiaries. In addition, the College also records "Funds Held in Trust for Others" [$1,752,628] that primarily result from trusts under control of the College that will benefit other organizations at the termination of the Trust.
Part V, Line 4: Intended uses of the endowment fund.The intended uses of the Endowment Fund include scholarships, endowed faculty chairs, and general support to subsidize various operations.
Part X : FIN48 FootnoteThe College follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the College for uncertain tax positions as of May 31, 2016.
Part XII, Line 2d: Other expenses and losses per audited F/SLoss from Fundraising Events $102933 Cost of Goods Sold on Inventory $1754863
Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/SEndowment Fund Investment Mngt Fees $367399 Scholarships and Grants $65408640

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental AgencySt. Olaf College participates in the Federal Student Financial Aid Program administered through the U.S. Department of Education. St. Olaf students receive funding from campus based programs (Perkins, SEOG and Federal Work Study) as well as Federal Pell Grants and Federal Student Loans. In addition, St. Olaf students receive funding via the Minnesota State Grant, Work Study and SELF loan programs administered through the Minneosta Office of Higher Education. The College also received other grants through federal and state programs, such as the Department of Education and National Science Foundation.
Schedule E, Line 3 - Racially Nondiscriminatory Policy PublicizedThe College does not engage in signficant advertising activities via newspapers or broadcast media. However, when the College posts job openings in newspapers the applicable discrimination policies are included.
Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
Schedule E, Line 5 - Explanation of Organization Discrimination by Race

Schedule F IRS990ScheduleF

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

Account Activities Outside US AccountActivitiesOutsideUSGrp (15 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmtSpecific Services ProvidedSpecificServicesProvidedTxt
C. America & Caribbean00Investments$73,582,000
East Asia & the Pacific00Program Service$1,342,000Intl Studies
Europe00Program Service$2,425,000Intl Studies
Middle East & N. Africa00Program Service$127,000Intl Studies
North America00Program Service$75,000Intl Studies
Russia & New States00Program Service$94,000Intl Studies
South America00Program Service$81,000Music Tours
South Asia00Program Service$290,000Intl Studies
Sub-Saharan Africa00Program Service$322,000Intl Studies
Europe00Program Service$338,000Alumni Study Travel
Europe00Investments$10,000,000
Middle East & N. Africa00Program Service$64,000Alumni Study Travel
South America00Program Services$183,000Alumni Study Travel
Central America and Carribean00Program Services$530,000Intl Studies
South America00Program Services$246,000Intl Studies
FieldValueIRS element (for citing)
Subtotal Spent$89,699,000SubtotalSpentAmt
Total Spent$89,699,000TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (17 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
Merit-Based AidC America & Carrib34$67,000Credit on Acct
Merit-Based AidEast Asia & the Pacific39$177,000Credit on Acct
Merit-Based AidEurope55$385,000Credit on Acct
Merit-Based AidRussia & New States4$19,000Credit on Acct
Merit-Based AidSouth America4$19,000Credit on Acct
Merit-Based AidSouth Asia8$64,000Credit on Acct
Merit-Based AidSub-Saharan Africa4$69,000Credit on Acct
Need-Based AidC America & Carrib81$125,000Credit on Acct
Need-Based AidEast Asia & the Pacific76$242,000Credit on Acct
Need-Based AidEurope155$780,000Credit on Acct
Need-Based AidRussia & New States5$11,000Credit on Acct
Need-Based AidSouth America11$31,000Credit on Acct
Need-Based AidSouth Asia39$142,000Credit on Acct
Need-Based AidSub-Saharan Africa25$166,000Credit on Acct
Tuition WaiverEast Asia and the Pa2$18,000Credit on accou
Tuition WaiverRussia & New States1$17,000Credit on accou
Tuition WaviersEurope1$14,000Credit on Acct
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside USFormAndLineReferenceDesc
ExplanationThe College offers grants in the form of need or merit based scholarships to students who are studying outside of the United States. Before the grant or award is available and disbursed, the International and Off-Campus Studies Office must approve any program that a student is participating in. Once the grant has been disbursed to the student's account to cover tuition for the study abroad progam, the International and Off-Campus Studies Office maintains contact with the host institutions to monitor the student's attendance and notifies the Financial Aid Office and Student Accounts Office if a student withdraws from an off-campus program.ExplanationTxt

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndRetained By ContractorRetainedByContractorAmt
Langley Innovat
3719 Sprigg Street NFrederickMD21704Consultingfalse$20,650
(no name)
false
(no name)
false
FieldValueIRS element (for citing)
Total Retained By Contractors$20,650TotalRetainedByContractorsAmt
Licensed StatesALLicensedStatesCd
Licensed StatesAKLicensedStatesCd
Licensed StatesARLicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesDELicensedStatesCd
Licensed StatesDCLicensedStatesCd
Licensed StatesHILicensedStatesCd
Licensed StatesMELicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMILicensedStatesCd
Licensed StatesMNLicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesMOLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesWALicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GalaEvent1Nm
Gross Receipts Event1$222,504GrossReceiptsEvent1Amt
Charitable Contri Event1$152,028CharitableContriEvent1Amt
Gross Revenue Event1$70,476GrossRevenueEvent1Amt
Food And Beverage Event1$59,633FoodAndBeverageEvent1Amt
Entertainment Event1$56,008EntertainmentEvent1Amt
Other Direct Expenses Event1$62,743OtherDirectExpensesEvent1Amt
Event2St. Olaf Golf classicEvent2Nm
Gross Receipts Event2$5,225GrossReceiptsEvent2Amt
Charitable Contri Event2$250CharitableContriEvent2Amt
Gross Revenue Event2$4,975GrossRevenueEvent2Amt
Gross Receipts Total$227,729GrossReceiptsTotalAmt
Charitable Contributions Tot$152,278CharitableContributionsTotAmt
Gross Revenue Total Events$75,451GrossRevenueTotalEventsAmt
Food And Beverage Total Events$59,633FoodAndBeverageTotalEventsAmt
Entertainment Total Events$56,008EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$62,743OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$178,384DirectExpenseSummaryEventsAmt
Net Income Summary-$102,933NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (11 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
Tuition Waiver71$1,764,347
Merit Based Scholarships1793$25,015,237
Need Based Financial Aid1787$35,868,628
Cleven Scholarship1$10,000
Glesne Scholarship6$13,750
DOE-McNair8$24,700
Independent Educational Activity53$92,388
Center for Vocation & Career Assist100$253,891
CURI Assistance10$10,200
HHMI: Undergrad Science Education1$6,000
Cargill Environmental Studies Grant5$3,500

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceGrantmaker's Description of How Grants are UsedFormAndLineReferenceDesc
ExplanationGrant funds disbursed by the College are predominantly available as merit or need based scholarships. These scholarships are disbursed by the Financial Aid office and are credited directly to the student's account to pay for tuition, room and board. They are then monitored by the Financial Aid Office and the Student Accounts Office, both of whom are notified if the student's enrollment status changes during the semester. These offices monitor whether the grantee is taking the necessary classes and is therefore utilizing the grant as it was intended. If a student's enrollment changes, award adjustments are made. Other grant funds are disbursed by the College through Accounts Payable. Qualification and use of these payments are monitored by the respective departments responsible for the disbursement.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd
Rebuttable Presumption ProcfalseRebuttablePresumptionProcInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
Angie Mathews
Former Controller$105,951$4,097$10,046$6,574$126,668
Christopher George
Dean of Admission$126,314$1,920$13,499$26,750$168,483
David Anderson
President$397,859$4,590$25,098$36,963$464,510
Enoch Blazis
VP Advancement$188,517$1,704$18,588$15,277$224,086
Gregory Kneser
VP & Dean of St$148,992$240$15,018$11,597$175,847
James May
Former Provost$92,599$1,188$10,061$18,738$122,586
Janet Hanson
VP and CFO$190,476$3,092$18,951$17,786$230,305
Lavern Rippley
Professor$131,361$2,126$13,415$10,284$157,186
Marci Sorter
Provost Dean Co$211,620$2,318$21,177$27,003$262,118
Michael Goodson
VP Human Resour$146,337$2,614$12,919$25,957$187,827
Michael Kyle
VP of Admission$181,087$2,117$18,429$27,280$228,913
Peter Sandberg
Asst VP Facilities$124,132$4,715$12,836$16,089$157,772
Rebecca Otten
Dir of Development$134,788$1,439$13,499$2,646$152,372

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 1a: Relevant information in regards to selections on 1a.FormAndLineReferenceDesc
ExplanationTravel for companions - David Anderson - $3,100Housing allowance/residence for personal use - David Anderson - $18,000ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MNHEFA - Series 6-O
A41098852560416HKK92007-03-29$46,207,404Construction & RefundingYes (true)falsefalse
MNHEFA - Series 7-F
B41098852560416HTL82010-08-31$34,045,664Refi variable rate debtfalsefalsefalse
MNHEFA - Series 8-G
C41098852560416HL512015-07-01$61,107,599finance construction and advanYes (true)falsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$36,255,000$46,207,404$989,291$2,235,562$310,982$28,341,082$12,119,7362008falseYes (true)Yes (true)Yes (true)
B$5,860,000$34,045,664$2,446,575$293,295$31,350,000Yes (true)falseYes (true)Yes (true)
C$61,107,599$441,171$25,000,000$35,666,4282017Yes (true)Yes (true)falseYes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalsefalseYes (true)Yes (true)falsefalsefalseYes (true)
BfalsefalsefalsefalsefalsefalseYes (true)
CfalsefalsefalsefalsefalsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndRegulatory Safe Harbor StsfdRegulatorySafeHarborStsfdIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueInd
See Part VI
AYes (true)falseYes (true)Yes (true)falseYes (true)
(no name)
BfalsefalsefalsefalseYes (true)falsefalseYes (true)
(no name)
CfalsefalsefalsefalseYes (true)Yes (true)Yes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

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

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart VIFormAndLineReferenceDesc
ExplanationPart 1 line C column f refund of prior issue bond with issue date of 3/29/2007Part III Line 7 - These are qualified 501(c)3 bond issues.Part IV Line 2c Column B Arbitrage was done by Springsted and a opinion given by Faegre Baker & Daniels done on October 31, 2014. Part IV Line 5b & 5c - There are two GIC providers to disclose for the Series 6-O bond issuance. The information is as follows:MBIA, Inc. with an original GIC term of 6 yearsDEPFA Bank with an original GIC term of 1 yearExplanationTxt

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
Person7 IndividualsPersonNm
Relationship With OrgRelativeRelationshipWithOrgTxt
Cash Grant$156,556CashGrantAmt
Type Of AssistanceDiscounted tuitionTypeOfAssistanceTxt
Assistance Purposeaide in educationAssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
North Sky
See Part V$319,533Asset Management Feesfalse
Substantial Contributor
Regent$100,426Gift to Collegefalse
Substantial Contributor
Key Employee$701,205Gift to Collegefalse
Substantial Contributor
Former Regent$150,000Gift to Collegefalse
Substantial Contributor
Former Regent$525,000Gift to Collegefalse

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule L, Part V Supplemental InformationFormAndLineReferenceDesc
ExplanationNorth Sky -- Former Regent Piper is AdvisorExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution11ContributionCnt
Noncash Contributions Rpt F990$146,249NoncashContributionsRptF990Amt
Method Of Determining RevenuesReplmnt costMethodOfDeterminingRevenuesTxt

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$747,558NoncashContributionsRptF990Amt
Method Of Determining RevenuesReplmnt costMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution105ContributionCnt
Noncash Contributions Rpt F990$4,366,457NoncashContributionsRptF990Amt
Method Of Determining RevenuesAve Market ValMethodOfDeterminingRevenuesTxt

Real Estate Residential RealEstateResidentialGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$348,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesAppraisalMethodOfDeterminingRevenuesTxt

Collectibles CollectiblesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$4,035NoncashContributionsRptF990Amt
Method Of Determining RevenuesReplmnt costMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Event Passes6$540Replmnt cost
Yes (X)Equipment7$17,846Replmnt cost
Yes (X)Gift Certificat78$3,923Replmnt cost
FieldValueIRS element (for citing)
Form8283 Received131Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (true)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 32, Hire and Use of Third PartiesFormAndLineReferenceDesc
ExplanationIn tax year 2015, the College used several brokers to sell publicly traded securities that were transferred to the College. In addition, in several tax years, the College has used an auction house to sell collectible items that were donated to the College several years ago.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (15 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, EtBusiness Relationship: Former Regent Piper and Regent Johnson and Regent SalvesonBusiness Relationship: Regent Johnson and Regent GrottingBusiness Relationship: Regent Maudlin and Former Regent TomsonBusiness Relationship: Officer King and Regent GundersonBusiness Relationship: Regent Johnson and Regent Buck
Form 990, Part VI, Line 4: Description of Significant Changes to Organizational DocumentsIn May 2015, the St. Olaf Board of Regents approved bylaw changes to 1) allow member participation in meetings by means of remote communication, 2) increase meeting quorum requirements to 20% from 10% of all members, including 50% of the voting members of the Board of Regents, 3) increase the percentage of membership required to call a special meeting of the Board to 10% from 2%, 4) maintain a board composition in which a majority of Regents are members of the Evangelical Lutheran Church in America (ELCA) or another denomination with which the ELCA or its successors has established full communion, 5)reduce the membership number of ELCA bishops from two to include membership of at least one bishop of the ELCA or a person who is widely recognized as a thought or practice leader in the ELCA, 6) eliminate the ability of a regent to give advance written consent or objection to a proposal to be acted upon at a meeting, and 7) change the term of the Board Chair to three years including a one-year additional term from a four year term. In May 2015 the St. Olaf Board of Regents also approved a revised mission statement reading St. Olaf College challenges students to excel in the liberal arts, examine faith and values, and explore meaningful vocation in an inclusive, globally-engaged community nourished by Lutheran tradition.
Form 990, Part VI, Line 6: Explanation of Classes of Members or ShareholderThe Articles of Incorporation of St. Olaf College describe its members as being:(a) The members of the Evangelical Lutheran Church in America Churchwide assemblies entitled to vote at such meetings chosen in accordance with the discipline and usage of such Church, or its successor. Such members shall remain members of the Corporation until the convening of the succeeding Churchwide assembly of the Evangelical Lutheran Church in America at which time such members shall give place to the members entitled to vote at such succeeding Churchwide assembly, in accordance with the discipline and usage of said Church, or its successor.(b) The officers of the Church(c) The President of the Corporation, and(d) The members of the Board of Regents of the Corporation.
Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing BodyThe primary decision-making members of the Corporation are the Board of Regents. However, the members of the Evangelical Lutheran Church in America Churchwide assemblies as well as the Officers of the Church are involved whenever changes are made to the Board of Regents or when the Articles of Incorporation are amended.
Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or ShareholdersCertain decisions made by the Board of Regents, such as election of Regents and changes to by-laws, must be approved by all members of the Corporation.
Form 990, Part VI, Line 11b: Form 990 Review ProcessTo review the 990, the Board of Regents delegated the detail review process to the Audit Committee. On February 22, 2017 the Committee reviewed and approved the Form in its entirety. In addition, the form (not including Schedule B) was circulated to all members of the Board of Regents prior to the filing date.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsOn an annual basis, a Conflict of Interest Questionnaire is circulated to the Board of Regents and Officers. The Questionnaire requires the individual to disclose any relationships or transactions that would result or appear to result in a Conflict of Interest. The College collects and reviews the forms and discusses whether the appropriate actions have been taken in voting, discussions, and other meetings to properly recognize the conflict. Restrictions, such as being unable to participate in voting or discussions, may be imposed on any individual who has a conflict. These conflicts are additionally reviewed by the Conflict of Interest Committee, as well as the Board of Regents Audit Committee, on an annual basis in order to ensure the appropriate measures are being followed. In general, any identified conflict of interest is monitored by the Vice President and Chief Financial Officer(for financial statement reporting purposes) and the President's Office (to ensure compliance, proper considerations are made at meetings).
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top ManagementComparative data for the President and his direct reports, which includes all Vice Presidents, is gathered from CUPA survey data from the 26 members of the Associated Colleges of the Midwest (ACM) and the Great Lakes Colleges Association (GLCA) and for the 24 St. Olaf "Peer Group" liberal arts colleges. The executive committee of the Board of Regents reviews this data and sets the salary for the President. The executive committee considers the recommendation the President makes regarding the other key officers and when the recommendations are approved, sets their salary. The Chair of the Board reviews the decision of the executive committee with the full Board of Regents during an executive session of the Board. The Chair of the Board sends a letter to the VP of Human Resources indicating the new salary for the President and documentation of the process followed to establish it. That letter is filed with Human Resources. The President reports the new salary for his direct reports, including all Vice Presidents, to Human Resources.
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key EmployeesComparative data for all Vice Presidents is gathered from CUPA survey data from the 26 members of the Associated Colleges of the Midwest (ACM) and the Great Lakes Colleges Association (GLCA) and for the 24 St. Olaf "Peer Group" liberal arts colleges. The executive committee of the Board of Regents reviews this data and sets the salary for the President. The executive committee considers the recommendation the President makes regarding the other key officers and when the recommendations are approved, sets their salary. The Chair of the Board reviews the decision of the executive committee with the full Board of Regents during an executive session of the Board. The Chair of the Board sends a letter to the VP of Human Resources indicating the new salary for the President and documentation of the process followed to establish it. That letter is filed with Human Resources. The President reports the new salary for his direct reports, including all Vice Presidents, to Human Resources.
Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableThe College's governing documents and conflict of interest policy are available upon request of the CFO's Office. The annual form 990, 990T, and financial statements are available on the College's website as well as upon the request of the CFO's Office.
Other Changes In Net Assets Or Fund Balances - Other DecreasesAdj. to Actuarial Liab. for Annuities payable = -$1175761
Other Changes In Net Assets Or Fund Balances - Other IncreasesAdjustment to actuarial libility for annuities payable = $87671
Other Changes In Net Assets Or Fund Balances - Other DecreasesLoss due to refinancing = -$1404070
Form 990 Part VI Line 7b-Governing BodyThe ByLaws, Article VII, section 7.04 states that "The Executive Committee of the Board of Regents shall be composed of those individuals designated by the Board of Regents from time to time. The Executive Committee shall act only during intervals between meetings of the Board of Regents and shall at all times be subject to the control and direction of the Board of Regents. During such intervals, and subject to such control and direction, the Executive Committee shall have and may exercise all of the authority and powers of the Board of Regents in the management and affairs of the Corporation, subject to such limitations as the Board of Regents may impose. The Executive Committee shall keep regular minutes of its proceedings and report the same to the Board of Regents." During tax year 2015, the committee's members were Lawrence Stranghoener, Kristine Johnson, Kevin Bethke, Philip Milne, Nancy Anderson, Glenn Taylor and David Anderson.
Form 990, Part I, line 1 - Organization's MissionSt. Olaf College challenges students to excel in the liberal arts, examine faith and values, and explore meaningful vocation in an inclusive, globally engaged community nourished by Lutheran tradition.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
Employer-Contribution VEBA Trust St Olaf
1520 St Olaf AvenueNorthfieldMN55057043838456Employee Benefit PlanMN501c9N/Afalse
Employee-Contribution VEBA Trust St Olaf
1520 St Olaf AvenueNorthfieldMN55057043838476Employee Benefit PlanMN501c9N/Afalse
MN Intercollegiate Nursing Consort
1520 St Olaf AvenueNorthfieldMN55057411717579Nursing Program Closed 12/31/15MN501(C)(3)false11 - Type 2NA

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
Chrtbl Rmndr Annuity 4
1520 St Olaf AvenueNorthfieldMN55057InvestmentsMNN/ATrustfalse
Chrtbl Rmndr Uni Trust 11
1520 St Olaf AvenueNorthfieldMN55057InvestmentsMNN/ATrustfalse
Pooled Income Fund 1
1520 St Olaf AvenueNorthfieldMN55057InvestmentsMNN/ATrustfalse
PRE-69 Life Income Trust 1
1520 St Olaf AvenueNorthfieldMN55057InvestmentsMNN/ATrustfalse
Makeup Income CRUT 2
1520 St Olaf AvenueNorthfieldMN55057InvestmentsMNN/ATrustfalse
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (true)TransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmt
Employer-Contribution VEBA Trust St Olaf
r$767,295
MN Intercollegiate Nursing Consort
n$30
MN Intercollegiate Nursing Consort
o$2,385
MN Intercollegiate Nursing Consort
p$4

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