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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-03-28T15:02:44-07:00 | ReturnTs |
| Tax Period End | 2016-05-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410693979 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | St Olaf College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | STOL | BusinessNameControlTxt |
| Phone | 5077862222 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1520 St Olaf Avenue | AddressLine1Txt |
| City | Northfield | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55057 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Janet Hanson | PersonNm |
| Person Title | Vice President & CFO | PersonTitleTxt |
| Signature | 2017-03-28 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | David Anderson | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1520 St Olaf Avenue | AddressLine1Txt |
| City | Northfield | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55057 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $234,925,997 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| All Affiliates Included | false | AllAffiliatesIncludedInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.stolaf.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1874 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | See Schedule O. | ActivityOrMissionDesc |
| Voting Members Governing Body | 27 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 26 | VotingMembersIndependentCnt |
| Total Employee | 3535 | TotalEmployeeCnt |
| Total Volunteers | 700 | TotalVolunteersCnt |
| Total Gross UBI | -$842,159 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$1,233,217 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $21,937,435 | PYContributionsGrantsAmt |
| CY Contributions Grants | $26,137,294 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $157,223,999 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $163,015,257 | CYProgramServiceRevenueAmt |
| PY Investment Income | $26,318,539 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,966,773 | CYInvestmentIncomeAmt |
| PY Other Revenue | $279,333 | PYOtherRevenueAmt |
| CY Other Revenue | $410,918 | CYOtherRevenueAmt |
| PY Total Revenue | $205,759,306 | PYTotalRevenueAmt |
| CY Total Revenue | $198,530,242 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $60,031,521 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $65,408,640 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $64,322,521 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $67,617,157 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $24,414 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $73,242 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $4,698,205 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $51,387,377 | PYOtherExpensesAmt |
| CY Other Expenses | $53,519,497 | CYOtherExpensesAmt |
| PY Total Expenses | $175,765,833 | PYTotalExpensesAmt |
| CY Total Expenses | $186,618,536 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $29,993,473 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $11,911,706 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $757,230,334 | TotalAssetsBOYAmt |
| Total Assets EOY | $764,920,265 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $123,040,146 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $142,167,324 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $634,190,188 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $622,752,941 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $171,151,643 | ExpenseAmt |
| Grant | $65,408,640 | GrantAmt |
| Revenue | $163,015,257 | RevenueAmt |
| Desc | Postsecondary 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 | $171,151,643 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | Yes (true) | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (true) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | Yes (true) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (true) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 3860 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 3535 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Org Filed In Lieu Of Form1041 | false | OrgFiledInLieuOfForm1041Ind |
| Licensed More Than One State | false | LicensedMoreThanOneStateInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 27 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 26 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Janet Hanson | PersonNm |
| Phone | 5077862222 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1520 St Olaf Avenue | AddressLine1Txt |
| City | Northfield | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55057 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (44 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Kristine Johnson | |||||||||
| Chair | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Lawrence Stranghoener | |||||||||
| Vice Chair | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Nancy Anderson | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Kevin Bethke | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Kari Bjorhus | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Gregory Buck | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Leon Clark Jr | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Sam Dotzler | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| William Gafkjen | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Peter Gotsch | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| John Grotting | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Susan Gunderson | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Eric Hanson | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| David Hill | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Jody Kleppe Horner | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Ronald Hunter | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Mark Jordahl | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Ward Klein | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Jay Lund | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Timothy Maudlin | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Philip Milne | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Gretchen Morgenson | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Jon Salveson | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Glenn Taylor | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Al Tindall | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Theresa Hull Wise | |||||||||
| Regent | 1.70 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| David Anderson | |||||||||
| President | 40.00 | 0.00 | $402,449 | $0 | $62,061 | Yes (X) | |||
| Jo Beld | |||||||||
| VP of Mission | 40.00 | 0.00 | $103,892 | $0 | $29,967 | Yes (X) | |||
| Enoch Blazis | |||||||||
| VP Advancement | 40.00 | 0.00 | $190,221 | $0 | $33,865 | Yes (X) | |||
| Dan Dressen | |||||||||
| Assoc Provost | 40.00 | 0.00 | $120,882 | $0 | $20,559 | Yes (X) | |||
| Nathan Engle | |||||||||
| Controller | 40.00 | 0.00 | $88,285 | $0 | $33,165 | Yes (X) | |||
| Mark Gelle | |||||||||
| CIO | 40.00 | 0.00 | $120,486 | $0 | $14,205 | Yes (X) | |||
| Michael Goodson | |||||||||
| VP Human Resour | 40.00 | 0.00 | $148,951 | $0 | $38,876 | Yes (X) | |||
| Janet Hanson | |||||||||
| VP and CFO | 40.00 | 0.00 | $193,568 | $0 | $36,737 | Yes (X) | |||
| Gregory Kneser | |||||||||
| VP & Dean of St | 40.00 | 0.00 | $149,232 | $0 | $26,615 | Yes (X) | |||
| Michael Kyle | |||||||||
| VP of Admission | 40.00 | 0.00 | $183,204 | $0 | $45,709 | Yes (X) | |||
| Marci Sorter | |||||||||
| Provost Dean Co | 40.00 | 0.00 | $213,938 | $0 | $48,180 | Yes (X) | |||
| Christopher George | |||||||||
| Dean of Admission | 40.00 | 0.00 | $128,234 | $0 | $40,249 | Yes (X) | |||
| Roberta Lembke | |||||||||
| Dir of IT & Librar | 40.00 | 0.00 | $124,158 | $0 | $23,676 | Yes (X) | |||
| Rebecca Otten | |||||||||
| Dir of Development | 40.00 | 0.00 | $136,227 | $0 | $16,145 | Yes (X) | |||
| Lavern Rippley | |||||||||
| Professor | 40.00 | 0.00 | $133,487 | $0 | $23,699 | Yes (X) | |||
| Peter Sandberg | |||||||||
| Asst VP Facilities | 40.00 | 0.00 | $128,847 | $0 | $28,925 | Yes (X) | |||
| Angie Mathews | |||||||||
| Former Controller | 40.00 | 0.00 | $110,048 | $0 | $16,620 | Yes (X) | |||
| James May | |||||||||
| Former Provost | 40.00 | 0.00 | $93,787 | $0 | $28,799 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,769,896 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $568,052 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 139 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Bon Appetit Management Co | |||||
| 100 Hamilton Avenue Suite 300 | Palo Alto | CA | 94301 | Food Service | $8,120,245 |
| Educational & Institutional Insurance Adm | |||||
| 200 S Wacker Dr Ste 1000 | Chicago | IL | 60606 | Insurance Advisor | $1,164,005 |
| Muska Electric Company | |||||
| 1985 Oakcrest Avenue | Roseville | MN | 55113 | Electric Contractor | $981,192 |
| The Boldt Company | |||||
| 2525 N Roemer Road | Appleton | WI | 54911 | Cnstruction Contract | $6,582,683 |
| Thyssenkrupp Elevator Corporation | |||||
| 2801 Network Boulevard Suite 700 | Frisco | TX | 75034 | Services and Goods | $924,487 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 55 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $152,278 | FundraisingAmt |
| Government Grants | $3,175,443 | GovernmentGrantsAmt |
| All Other Contributions | $22,809,573 | AllOtherContributionsAmt |
| Noncash Contributions | $5,634,609 | NoncashContributionsAmt |
| Total Contributions | $26,137,294 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| Other | 900099 | $3,405,548 | $3,214,330 | $191,218 | |
| Sales & Services from Aux | 611710 | $27,107,419 | $655,083 | $26,041,829 | $410,507 |
| Tuition and Fees | 900099 | $132,502,290 | $132,502,290 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $163,015,257 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,698,979 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$1,301,619 | UnrelatedBusinessRevenueAmt |
| Exclusion | $9,000,598 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $271,586 | RealAmt |
| Personal | $54,169 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $122,903 | RealAmt |
| Personal | $5,216 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $148,683 | RealAmt |
| Personal | $48,953 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $197,636 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $48,953 | UnrelatedBusinessRevenueAmt |
| Exclusion | $148,683 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $32,615,335 | SecuritiesAmt |
| Other | $2,986,848 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $32,823,201 | SecuritiesAmt |
| Other | $1,511,188 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$207,866 | SecuritiesAmt |
| Other | $1,475,660 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,267,794 | TotalRevenueColumnAmt |
| Exclusion | $1,267,794 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $75,451 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $152,278 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $178,384 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$102,933 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $2,071,078 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $1,754,863 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $316,215 | TotalRevenueColumnAmt |
| Exclusion | $316,215 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $198,530,242 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $136,371,703 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$842,159 | UnrelatedBusinessRevenueAmt |
| Exclusion | $36,966,337 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,062,640 | TotalAmt |
| Program Services | $63,062,640 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,346,000 | TotalAmt |
| Program Services | $2,346,000 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,446,449 | TotalAmt |
| Program Services | $870,175 | ProgramServicesAmt |
| Management And General | $1,116,234 | ManagementAndGeneralAmt |
| Fundraising | $460,040 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,324,403 | TotalAmt |
| Program Services | $43,166,452 | ProgramServicesAmt |
| Management And General | $3,190,450 | ManagementAndGeneralAmt |
| Fundraising | $1,967,501 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,288,794 | TotalAmt |
| Program Services | $3,863,027 | ProgramServicesAmt |
| Management And General | $240,666 | ManagementAndGeneralAmt |
| Fundraising | $185,101 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,178,116 | TotalAmt |
| Program Services | $8,099,313 | ProgramServicesAmt |
| Management And General | $683,766 | ManagementAndGeneralAmt |
| Fundraising | $395,037 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,379,395 | TotalAmt |
| Program Services | $2,958,759 | ProgramServicesAmt |
| Management And General | $268,132 | ManagementAndGeneralAmt |
| Fundraising | $152,504 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $672,315 | TotalAmt |
| Program Services | $912 | ProgramServicesAmt |
| Management And General | $671,213 | ManagementAndGeneralAmt |
| Fundraising | $190 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,457 | TotalAmt |
| Management And General | $96,457 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,242 | TotalAmt |
| Fundraising | $73,242 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $367,399 | TotalAmt |
| Management And General | $367,399 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,180,788 | TotalAmt |
| Program Services | $2,400,066 | ProgramServicesAmt |
| Management And General | $519,583 | ManagementAndGeneralAmt |
| Fundraising | $261,139 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $537,106 | TotalAmt |
| Program Services | $497,943 | ProgramServicesAmt |
| Management And General | $38,664 | ManagementAndGeneralAmt |
| Fundraising | $499 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,224,356 | TotalAmt |
| Program Services | $2,565,188 | ProgramServicesAmt |
| Management And General | $414,148 | ManagementAndGeneralAmt |
| Fundraising | $245,020 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,334,725 | TotalAmt |
| Program Services | $1,815,069 | ProgramServicesAmt |
| Management And General | $348,458 | ManagementAndGeneralAmt |
| Fundraising | $171,198 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,055 | TotalAmt |
| Program Services | $4,180 | ProgramServicesAmt |
| Management And General | $875 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,051,148 | TotalAmt |
| Program Services | $4,809,741 | ProgramServicesAmt |
| Management And General | $178,709 | ManagementAndGeneralAmt |
| Fundraising | $62,698 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,172,663 | TotalAmt |
| Program Services | $7,618,909 | ProgramServicesAmt |
| Management And General | $297,999 | ManagementAndGeneralAmt |
| Fundraising | $255,755 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,058 | TotalAmt |
| Program Services | $206,919 | ProgramServicesAmt |
| Management And General | $20,664 | ManagementAndGeneralAmt |
| Fundraising | $14,475 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,253,504 | TotalAmt |
| Program Services | $3,118,447 | ProgramServicesAmt |
| Management And General | $133,796 | ManagementAndGeneralAmt |
| Fundraising | $1,261 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,446,403 | TotalAmt |
| Program Services | $11,464,444 | ProgramServicesAmt |
| Management And General | $737,367 | ManagementAndGeneralAmt |
| Fundraising | $244,592 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $762,298 | TotalAmt |
| Program Services | $3,109 | ProgramServicesAmt |
| Management And General | $759,189 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $275,313 | TotalAmt |
| Program Services | $98,785 | ProgramServicesAmt |
| Management And General | $175,930 | ManagementAndGeneralAmt |
| Fundraising | $598 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,618,536 | TotalAmt |
| Program Services | $171,151,643 | ProgramServicesAmt |
| Management And General | $10,768,688 | ManagementAndGeneralAmt |
| Fundraising | $4,698,205 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $243,915 | BOYAmt |
| EOY | $291,057 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,408,966 | BOYAmt |
| EOY | $15,738,412 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,254,166 | BOYAmt |
| EOY | $8,898,491 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $218,924 | BOYAmt |
| EOY | $261,775 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $603,903 | BOYAmt |
| EOY | $593,109 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $880,387 | BOYAmt |
| EOY | $658,799 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $390,989,795 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $153,918,356 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,303,423 | BOYAmt |
| EOY | $237,071,439 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,228,641 | BOYAmt |
| EOY | $172,580,530 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $269,773,502 | BOYAmt |
| EOY | $265,271,871 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,550,927 | BOYAmt |
| EOY | $6,451,808 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,763,580 | BOYAmt |
| EOY | $57,102,974 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $757,230,334 | BOYAmt |
| EOY | $764,920,265 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,326,604 | BOYAmt |
| EOY | $20,047,300 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,190,067 | BOYAmt |
| EOY | $5,437,487 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,049,447 | BOYAmt |
| EOY | $2,797,048 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,009,550 | BOYAmt |
| EOY | $97,084,701 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,599,546 | BOYAmt |
| EOY | $14,826,475 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,864,932 | BOYAmt |
| EOY | $1,974,313 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,040,146 | BOYAmt |
| EOY | $142,167,324 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $270,065,026 | BOYAmt |
| EOY | $264,095,592 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,839,933 | BOYAmt |
| EOY | $156,381,653 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $189,285,229 | BOYAmt |
| EOY | $202,275,696 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $634,190,188 | BOYAmt |
| EOY | $622,752,941 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $757,230,334 | BOYAmt |
| EOY | $764,920,265 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $11,911,706 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$20,856,793 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$2,492,160 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I: Additional Information | FormAndLineReferenceDesc |
| Explanation | St. 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form4720 Filed Section4955 Tax | false | Form4720FiledSection4955TaxInd |
| Correction Made | false | CorrectionMadeInd |
| Volunteers | Yes (true) | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | Yes (true) | MailingsMembersInd |
| Mailings Members | $386 | MailingsMembersAmt |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $142 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Other Activities | $115,381 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $115,909 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
| Form4720 Filed4912 Tax | false | Form4720Filed4912TaxInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part II-B, Line 1i - Other Activities Description | FormAndLineReferenceDesc |
| Explanation | In 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Protection Natural Habitat | Yes (X) | ProtectionNaturalHabitatInd |
| Total Easements | 2 | TotalEasementsCnt |
| Total Acreage | 15 | TotalAcreageCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | false | WrittenPolicyMonitoringInd |
| Staff Hours Spent Enforcement | 20 | StaffHoursSpentEnforcementCnt |
| Expenses Incurred Enforcement | $21,741 | ExpensesIncurredEnforcementAmt |
| Section170h Rqr Stsfd | false | Section170hRqrStsfdInd |
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $146,279 | RevenuesIncludedAmt |
| Assets Included | $1,756,767 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Solicited Assets Sale | Yes (true) | SolicitedAssetsSaleInd |
| Agent Trustee Etc | Yes (true) | AgentTrusteeEtcInd |
| Beginning Balance | $875,253 | BeginningBalanceAmt |
| Additions During Year | $600,094 | AdditionsDuringYearAmt |
| Distributions During Year | $686,016 | DistributionsDuringYearAmt |
| Ending Balance | $789,331 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $455,506,474 | BeginningYearBalanceAmt |
| Contributions | $15,066,886 | ContributionsAmt |
| Investment Earnings Or Losses | -$12,507,726 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,998,039 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,910,837 | OtherExpendituresAmt |
| Administrative Expenses | $455,620 | AdministrativeExpensesAmt |
| End Year Balance | $447,701,139 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $435,935,124 | BeginningYearBalanceAmt |
| Contributions | $10,077,735 | ContributionsAmt |
| Investment Earnings Or Losses | $16,623,144 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,471,680 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,205,166 | OtherExpendituresAmt |
| Administrative Expenses | $452,684 | AdministrativeExpensesAmt |
| End Year Balance | $455,506,473 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $379,501,188 | BeginningYearBalanceAmt |
| Contributions | $13,924,729 | ContributionsAmt |
| Investment Earnings Or Losses | $49,433,253 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,013,894 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,483,586 | OtherExpendituresAmt |
| Administrative Expenses | $426,566 | AdministrativeExpensesAmt |
| End Year Balance | $435,935,124 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $328,985,882 | BeginningYearBalanceAmt |
| Contributions | $8,953,711 | ContributionsAmt |
| Investment Earnings Or Losses | $47,567,892 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,793,720 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,887,570 | OtherExpendituresAmt |
| Administrative Expenses | $325,007 | AdministrativeExpensesAmt |
| End Year Balance | $379,501,188 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $345,295,632 | BeginningYearBalanceAmt |
| Contributions | $9,680,894 | ContributionsAmt |
| Investment Earnings Or Losses | -$13,871,104 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,762,023 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,963,892 | OtherExpendituresAmt |
| Administrative Expenses | $393,625 | AdministrativeExpensesAmt |
| End Year Balance | $328,985,882 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.37410 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.41420 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.21170 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | false | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,232,890 | OtherCostOrOtherBasisAmt |
| Book Value | $1,232,890 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,487,270 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $285,245,011 | OtherCostOrOtherBasisAmt |
| Depreciation | $102,011,572 | DepreciationAmt |
| Book Value | $184,720,709 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $51,582,157 | OtherCostOrOtherBasisAmt |
| Depreciation | $34,986,432 | DepreciationAmt |
| Book Value | $16,595,725 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $182,500 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $51,259,967 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,920,352 | DepreciationAmt |
| Book Value | $34,522,115 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $237,071,439 | TotalBookValueLandBuildingsAmt |
| Total Book Value Securities | $265,271,871 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $57,102,974 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Asset Retirement Obligation | Desc |
| Amt | $1,974,313 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,974,313 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $111,263,046 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$20,856,792 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$68,268,200 | OtherRevenueAmt |
| Revenue Not Reported | -$89,124,992 | RevenueNotReportedAmt |
| Revenue Subtotal | $200,388,038 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$1,857,796 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$1,857,796 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $198,530,242 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $122,700,293 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,857,796 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,857,796 | ExpensesNotReportedAmt |
| Expenses Subtotal | $120,842,497 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $65,776,039 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $65,776,039 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $186,618,536 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 contrib | The College serves as an agent for several student and other organizations. |
| Part IV, Line 2b: Explanation of escrow account liability | Included 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 Footnote | The 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/S | Loss 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/S | Endowment Fund Investment Mngt Fees $367399 Scholarships and Grants $65408640 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency | St. 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 Publicized | The 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (15 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| C. America & Caribbean | 0 | 0 | Investments | $73,582,000 | |
| East Asia & the Pacific | 0 | 0 | Program Service | $1,342,000 | Intl Studies |
| Europe | 0 | 0 | Program Service | $2,425,000 | Intl Studies |
| Middle East & N. Africa | 0 | 0 | Program Service | $127,000 | Intl Studies |
| North America | 0 | 0 | Program Service | $75,000 | Intl Studies |
| Russia & New States | 0 | 0 | Program Service | $94,000 | Intl Studies |
| South America | 0 | 0 | Program Service | $81,000 | Music Tours |
| South Asia | 0 | 0 | Program Service | $290,000 | Intl Studies |
| Sub-Saharan Africa | 0 | 0 | Program Service | $322,000 | Intl Studies |
| Europe | 0 | 0 | Program Service | $338,000 | Alumni Study Travel |
| Europe | 0 | 0 | Investments | $10,000,000 | |
| Middle East & N. Africa | 0 | 0 | Program Service | $64,000 | Alumni Study Travel |
| South America | 0 | 0 | Program Services | $183,000 | Alumni Study Travel |
| Central America and Carribean | 0 | 0 | Program Services | $530,000 | Intl Studies |
| South America | 0 | 0 | Program Services | $246,000 | Intl Studies |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $89,699,000 | SubtotalSpentAmt |
| Total Spent | $89,699,000 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (17 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| Merit-Based Aid | C America & Carrib | 34 | $67,000 | Credit on Acct |
| Merit-Based Aid | East Asia & the Pacific | 39 | $177,000 | Credit on Acct |
| Merit-Based Aid | Europe | 55 | $385,000 | Credit on Acct |
| Merit-Based Aid | Russia & New States | 4 | $19,000 | Credit on Acct |
| Merit-Based Aid | South America | 4 | $19,000 | Credit on Acct |
| Merit-Based Aid | South Asia | 8 | $64,000 | Credit on Acct |
| Merit-Based Aid | Sub-Saharan Africa | 4 | $69,000 | Credit on Acct |
| Need-Based Aid | C America & Carrib | 81 | $125,000 | Credit on Acct |
| Need-Based Aid | East Asia & the Pacific | 76 | $242,000 | Credit on Acct |
| Need-Based Aid | Europe | 155 | $780,000 | Credit on Acct |
| Need-Based Aid | Russia & New States | 5 | $11,000 | Credit on Acct |
| Need-Based Aid | South America | 11 | $31,000 | Credit on Acct |
| Need-Based Aid | South Asia | 39 | $142,000 | Credit on Acct |
| Need-Based Aid | Sub-Saharan Africa | 25 | $166,000 | Credit on Acct |
| Tuition Waiver | East Asia and the Pa | 2 | $18,000 | Credit on accou |
| Tuition Waiver | Russia & New States | 1 | $17,000 | Credit on accou |
| Tuition Waviers | Europe | 1 | $14,000 | Credit on Acct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US | FormAndLineReferenceDesc |
| Explanation | The 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Retained By ContractorRetainedByContractorAmt |
|---|---|---|---|---|---|---|
| Langley Innovat | ||||||
| 3719 Sprigg Street N | Frederick | MD | 21704 | Consulting | false | $20,650 |
| (no name) | ||||||
| false | ||||||
| (no name) | ||||||
| false | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $20,650 | TotalRetainedByContractorsAmt |
| Licensed States | AL | LicensedStatesCd |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | AR | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | DE | LicensedStatesCd |
| Licensed States | DC | LicensedStatesCd |
| Licensed States | HI | LicensedStatesCd |
| Licensed States | ME | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | MO | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | UT | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Gala | Event1Nm |
| Gross Receipts Event1 | $222,504 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $152,028 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $70,476 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $59,633 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $56,008 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $62,743 | OtherDirectExpensesEvent1Amt |
| Event2 | St. Olaf Golf classic | Event2Nm |
| Gross Receipts Event2 | $5,225 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $250 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $4,975 | GrossRevenueEvent2Amt |
| Gross Receipts Total | $227,729 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $152,278 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $75,451 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $59,633 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $56,008 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $62,743 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $178,384 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$102,933 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (11 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Tuition Waiver | 71 | $1,764,347 |
| Merit Based Scholarships | 1793 | $25,015,237 |
| Need Based Financial Aid | 1787 | $35,868,628 |
| Cleven Scholarship | 1 | $10,000 |
| Glesne Scholarship | 6 | $13,750 |
| DOE-McNair | 8 | $24,700 |
| Independent Educational Activity | 53 | $92,388 |
| Center for Vocation & Career Assist | 100 | $253,891 |
| CURI Assistance | 10 | $10,200 |
| HHMI: Undergrad Science Education | 1 | $6,000 |
| Cargill Environmental Studies Grant | 5 | $3,500 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Grantmaker's Description of How Grants are Used | FormAndLineReferenceDesc |
| Explanation | Grant 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
| Rebuttable Presumption Proc | false | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a: Relevant information in regards to selections on 1a. | FormAndLineReferenceDesc |
| Explanation | Travel for companions - David Anderson - $3,100Housing allowance/residence for personal use - David Anderson - $18,000 | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MNHEFA - Series 6-O | ||||||||
| A | 410988525 | 60416HKK9 | 2007-03-29 | $46,207,404 | Construction & Refunding | Yes (true) | false | false |
| MNHEFA - Series 7-F | ||||||||
| B | 410988525 | 60416HTL8 | 2010-08-31 | $34,045,664 | Refi variable rate debt | false | false | false |
| MNHEFA - Series 8-G | ||||||||
| C | 410988525 | 60416HL51 | 2015-07-01 | $61,107,599 | finance construction and advan | Yes (true) | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $36,255,000 | $46,207,404 | $989,291 | $2,235,562 | $310,982 | $28,341,082 | $12,119,736 | 2008 | false | Yes (true) | Yes (true) | Yes (true) |
| B | $5,860,000 | $34,045,664 | $2,446,575 | $293,295 | $31,350,000 | Yes (true) | false | Yes (true) | Yes (true) | |||
| C | $61,107,599 | $441,171 | $25,000,000 | $35,666,428 | 2017 | Yes (true) | Yes (true) | false | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|
| A | false | false | Yes (true) | Yes (true) | false | false | false | Yes (true) |
| B | false | false | false | false | false | false | Yes (true) | |
| C | false | false | false | false | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd |
|---|---|---|---|---|---|---|---|---|---|
| See Part VI | |||||||||
| A | Yes (true) | false | Yes (true) | Yes (true) | false | Yes (true) | |||
| (no name) | |||||||||
| B | false | false | false | false | Yes (true) | false | false | Yes (true) | |
| (no name) | |||||||||
| C | false | false | false | false | Yes (true) | Yes (true) | Yes (true) | ||
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part VI | FormAndLineReferenceDesc |
| Explanation | Part 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 year | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | 7 Individuals | PersonNm |
| Relationship With Org | Relative | RelationshipWithOrgTxt |
| Cash Grant | $156,556 | CashGrantAmt |
| Type Of Assistance | Discounted tuition | TypeOfAssistanceTxt |
| Assistance Purpose | aide in education | AssistancePurposeTxt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| North Sky | |||
| See Part V | $319,533 | Asset Management Fees | false |
| Substantial Contributor | |||
| Regent | $100,426 | Gift to College | false |
| Substantial Contributor | |||
| Key Employee | $701,205 | Gift to College | false |
| Substantial Contributor | |||
| Former Regent | $150,000 | Gift to College | false |
| Substantial Contributor | |||
| Former Regent | $525,000 | Gift to College | false |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part V Supplemental Information | FormAndLineReferenceDesc |
| Explanation | North Sky -- Former Regent Piper is Advisor | ExplanationTxt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 11 | ContributionCnt |
| Noncash Contributions Rpt F990 | $146,249 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Replmnt cost | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $747,558 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Replmnt cost | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 105 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,366,457 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Ave Market Val | MethodOfDeterminingRevenuesTxt |
Real Estate Residential RealEstateResidentialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $348,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenuesTxt |
Collectibles CollectiblesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,035 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Replmnt cost | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Event Passes | 6 | $540 | Replmnt cost |
| Yes (X) | Equipment | 7 | $17,846 | Replmnt cost |
| Yes (X) | Gift Certificat | 78 | $3,923 | Replmnt cost |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 131 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 32, Hire and Use of Third Parties | FormAndLineReferenceDesc |
| Explanation | In 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 ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et | Business 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 Documents | In 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 Shareholder | The 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 Body | The 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 Shareholders | Certain 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 Process | To 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 Conflicts | On 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 Management | Comparative 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 Employees | Comparative 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 Available | The 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 Decreases | Adj. to Actuarial Liab. for Annuities payable = -$1175761 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Adjustment to actuarial libility for annuities payable = $87671 |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | Loss due to refinancing = -$1404070 |
| Form 990 Part VI Line 7b-Governing Body | The 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 Mission | 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. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employer-Contribution VEBA Trust St Olaf | |||||||||||
| 1520 St Olaf Avenue | Northfield | MN | 55057 | 043838456 | Employee Benefit Plan | MN | 501c9 | N/A | false | ||
| Employee-Contribution VEBA Trust St Olaf | |||||||||||
| 1520 St Olaf Avenue | Northfield | MN | 55057 | 043838476 | Employee Benefit Plan | MN | 501c9 | N/A | false | ||
| MN Intercollegiate Nursing Consort | |||||||||||
| 1520 St Olaf Avenue | Northfield | MN | 55057 | 411717579 | Nursing Program Closed 12/31/15 | MN | 501(C)(3) | false | 11 - Type 2 | NA | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|
| Chrtbl Rmndr Annuity 4 | ||||||||
| 1520 St Olaf Avenue | Northfield | MN | 55057 | Investments | MN | N/A | Trust | false |
| Chrtbl Rmndr Uni Trust 11 | ||||||||
| 1520 St Olaf Avenue | Northfield | MN | 55057 | Investments | MN | N/A | Trust | false |
| Pooled Income Fund 1 | ||||||||
| 1520 St Olaf Avenue | Northfield | MN | 55057 | Investments | MN | N/A | Trust | false |
| PRE-69 Life Income Trust 1 | ||||||||
| 1520 St Olaf Avenue | Northfield | MN | 55057 | Investments | MN | N/A | Trust | false |
| Makeup Income CRUT 2 | ||||||||
| 1520 St Olaf Avenue | Northfield | MN | 55057 | Investments | MN | N/A | Trust | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt |
|---|---|
| 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 |
Comments