2017-04-28T09:09:09-05:00 2016-06-30 421029744 TD&T CPAS AND ADVISORS PC 317 HIGH AVE E OSKALOOSA IA 525772823 990 2015-07-01 420680344 CENTRAL COLLEGE CENT 6416285274 812 UNIVERSITY PELLA IA 50219 SHERYL KAMERICK ASST. TREAS & CONTR 6416285274 2017-04-25 true JOSEPH B RYAN CPA P00769873 6416722523 2017-04-28 2015 2021-01-29 14:40:06Z MARK PUTNAM 812 UNIVERSITY PELLA IA 50219 69879830 false X WWW.CENTRAL.EDU X 1853 IA CENTRAL COLLEGE IS A RESIDENTIAL LIBERAL ARTS COLLEGE DEDICATED TO HELPING STUDENTS DISCOVER AND DEVELOP THEIR GREATEST POTENTIAL. 34 34 1796 834243 10969681 8043361 60229179 56326263 3683414 5381431 95352 61813 74977626 69812868 23340750 22982850 0 22541002 22978311 0 2851542 23915270 22825059 69797022 68786220 5180604 1026648 194072252 186452005 66794554 65982590 127277698 120469415 X CENTRAL COLLEGE IS A RESIDENTIAL LIBERAL ARTS COLLEGE DEDICATED TO HELPING STUDENTS DISCOVER AND DEVELOP THEIR GREATEST POTENTIAL. GUIDED BY ITS ECUMENICAL CHRISTIAN TRADITION, THE COLLEGE COMMUNITY ENGAGES IN VIGOROUS, OPEN INQUIRY IN PURSUIT OF ACADEMIC EXCELLENCE. THE COLLEGE NURTURES THE DEVELOPMENT OF THE MIND, WHILE FOSTERING SPIRITUAL AND EMOTIONAL MATURITY AND PHYSICAL WELL-BEING. CENTRAL INTEGRATES CAREER PREPARATION WITH THE DEVELOPMENT OF VALUES ESSENTIAL TO RESPONSIBLE CITIZENSHIP, EMPOWERING GRADUATES FOR EFFECTIVE SERVICE IN LOCAL, NATIONAL, AND INTERNATIONAL COMMUNITIES. false false 42557246 22982850 40748045 PROVIDED EDUCATIONAL SERVICES RELATED TO CLASSROOM TEACHING, LABORATORY EXPERIENCES, AND PROGRAM SERVICE TO 1,215 STUDENTS, INCLUDING 1,173 RECEIVING INSTITUTIONAL FINANCIAL ASSISTANCE. 10032502 13656166 PROVIDED ROOM AND BOARD ON A RESIDENTIAL CAMPUS TO 1,187 STUDENTS LIVING IN RESIDENTIAL UNITS AND 1,187 STUDENTS WITH BOARD CONTRACTS. 8507662 654201 EXPENSES RELATED TO PROVIDING PERSONAL SERVICES AND ACTIVITIES FOR STUDENTS AT A RESIDENTIAL COLLEGE, INCLUDING COUNSELING, EXTRA-CURRICULAR ACTIVITIES, HEALTH CENTER, ADMISSIONS, AND STUDENT GOVERNMENT. 1254602 1254602 1267851 GOVERNMENT-SPONSORED TRIO PROGRAMS - EXPENSES OF FEDERAL GRANT PROGRAM 1254602 1254602 1267851 62352012 true true false false false false false true false true true true false false true true true false true true true false false false false false false false true true true false false false false false false true false false false true false false false false false false false false true X 3795 0 true 1796 true true true true SP false false false false false false false false X 34 34 false false false false false false false true true false false true true true true true true true true false X SHERYL KAMERICK 6416285274 812 UNIVERSITY PELLA IA 50219 BERNADETTE ALLEN TRUSTEE 0.00 X 0 0 0 PETER CARTWRIGHT VICE CHAIR 0.00 0.00 X X 0 0 0 DANIEL DE COOK TRUSTEE 0.00 X 0 0 0 VERNON DEN HERDER TRUSTEE 0.00 0.00 X 0 0 0 TEJ DHAWAN TRUSTEE 0.00 0.00 X 0 0 0 KAREN DORSEY TRUSTEE 0.00 0.00 X 0 0 0 JULIE FISHER TRUSTEE 0.00 0.00 X 0 0 0 SHAYLA FROM SECRETARY 0.00 0.00 X X 0 0 0 JAMES GRIFFITH TRUSTEE 0.00 X 0 0 0 DENNY HANSON TRUSTEE 0.00 X 0 0 0 MARTIN HEEREMA TRUSTEE 0.00 X 0 0 0 JAMES ISRAEL TRUSTEE 0.00 0.00 X 0 0 0 BARBARA KNIFF-MCCULLA TRUSTEE 0.00 0.00 X 0 0 0 THOMAS KOOS TRUSTEE 0.00 0.00 X 0 0 0 KEVIN KORVER TRUSTEE 0.00 0.00 X 0 0 0 J LANIER LITTLE CHAIRMAN 4.00 0.00 X X 0 0 0 SOPHIE MATHONNET-VANDER WELL TRUSTEE 0.00 0.00 X 0 0 0 REV CHARLES MORRIS VICE CHAIR 0.00 0.00 X X 0 0 0 JEFF OLIVER TRUSTEE 0.00 0.00 X 0 0 0 KARIN PETERSON TRUSTEE 0.00 0.00 X 0 0 0 BARBARA PETTITT TRUSTEE 0.00 0.00 X 0 0 0 STAN POORTINGA TRUSTEE 0.00 0.00 X 0 0 0 WILLIAM RANKIN TRUSTEE 0.00 X 0 0 0 RICK RYAN TRUSTEE 0.00 0.00 X 0 0 0 JOHN SCHMIDT TRUSTEE 0.00 0.00 X 0 0 0 KATHY SIKKEMA TRUSTEE 0.00 0.00 X 0 0 0 STEVE SIKKINK TRUSTEE 0.00 X 0 0 0 DONNA SMITH TRUSTEE 0.00 0.00 X 0 0 0 HARRY SMITH VICE CHAIR 0.00 0.00 X X 0 0 0 ROBERT THOMPSON TRUSTEE 0.00 X 0 0 0 ROBERT VERMEER TRUSTEE 0.00 X 0 0 0 DEANNA VER STEEG TRUSTEE 0.00 X 0 0 0 JUDITH VOGEL TRUSTEE 0.00 X 0 0 0 MARY WORSTELL TRUSTEE 0.00 X 0 0 0 MARK PUTNAM PRESIDENT 40.00 X 253391 0 46902 THOMAS JOHNSON VP FINANCE & 40.00 X 127240 0 25927 SHERYL KAMERICK ASST. TREAS 40.00 X 81709 0 8858 BILL NORTHUP VP DEVELOPME 40.00 X 174148 0 13050 MARY STREY VP ACADEMICS 40.00 X 171353 0 38043 CAROL WILLIAMSON VP ENROLLMEN 40.00 X 116383 0 11600 ROBERT FRANKS PROFESSOR 40.00 X 103943 0 10267 JEFF MCMARTIN COACH 40.00 X 100968 0 26149 PEGGY FITCH VP STUDENT S 40.00 X 100015 0 25382 1229150 206178 8 false true false LMC INSURANCE & RISK MANAGEMENT 4200 UNIVERSITY STE 200 WEST DES MOINES IA 50266 INSURANCE 465428 ROYALL 1920 E PARHAM RD RICHMOND VA 23228 CONSULTANT 453573 RDG 301 GRAND DES MOINES IA 50309 ARCHITECT 433907 ELLUCIAN INC 62578 COLLECTIONS CENTER CHICAGO IL 60693 SOFTWARE 311225 KLYN CONSTRUCTION 1990 OKLAHOMA HARVEY IA 50119 CONTRACTOR 278780 14 8043361 1608583 8043361 TUITION 611600 40748045 40748045 AUXILIARY 611600 12835829 12835829 GOVT TRIO 611600 1267851 1267851 AUXILIARY 722320 820337 820337 EDUCATIONAL 611600 640295 640295 13906 13906 56326263 5370913 5370913 10518 10518 128775 66962 61813 61813 61813 69812868 55492020 834243 5443244 22982850 22982850 1044058 223128 621487 199443 17211270 14746482 1366625 1098163 1247981 1080810 97824 69347 2209136 1954327 181899 72910 1265866 1089555 98194 78117 809395 600584 112315 96496 56123 56123 59190 59190 851501 12634 838867 2282936 1836364 197521 249051 510763 152082 358681 783656 779551 4105 873300 802298 38240 32762 241828 117423 44388 80017 2604734 2596907 6210 1617 3804614 3719351 66224 19039 OPERATIONAL MAINTENANCE 3229446 3161950 53932 13564 FOOD 1986625 1986625 OTHER 1916427 1694570 219708 2149 OFF CAMPUS PROGRAMS 1559919 1559919 1254602 1254602 68786220 62352012 3582666 2851542 8440803 6682851 6360873 6480762 3970720 4049719 642771 732042 3051021 3319013 259868 265536 910897 738145 162938336 73900864 87374548 89037472 37640830 41617190 44703194 32834964 716727 694311 194072252 186452005 2473081 3583410 565994 598428 59913690 58185484 710237 542983 3131552 3072285 66794554 65982590 X 63340523 56849823 16431722 15229877 47505453 48389715 127277698 120469415 194072252 186452005 1026648 -7834931 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 367589 X X X X false 78540803 906269 -2441490 1517858 4140306 71347418 79887626 1220021 933156 1504609 1995391 78540803 71067325 1292161 10928140 1458338 1941662 79887626 68072256 970603 5424466 2368163 1031837 71067325 73107882 864031 -2513556 1205950 2180151 68072256 0.29000 0.64000 0.07000 false false 6730947 6730947 127823732 51691579 76132153 23981516 22209285 1772231 4402141 4402141 89037472 HEDGE FUNDS 7812921 F REAL ESTATE 7695144 F PRIVATE EQUITY 5082949 F CO MINGLED FUNDS 4421477 F REAL ASSETS 2441167 F VENTURE PARTNERS 1684375 F NATURAL RESOURCES 1348796 F PRIVATE EQUITY 1036662 F INTERNATIONAL PRIVATE EQUITY 835337 F DISTRESSED DEBT 402390 F PELLA THEATRE CORPORATION 70000 F BELLA VISTA 3746 F 32834964 US GOVT REFUNDABLE 2257732 ANNUITIES PAYABLE 814553 3072285 X 39062049 -7834931 66962 -7767969 46830018 22982850 22982850 69812868 45870332 66962 66962 45803370 22982850 22982850 68786220 SCHEDULE D, PAGE 2, PART III, LINE 4 PAINTINGS AND INDIAN JEWELRY COLLECTION USED IN ACADEMIC CLASSES, PUBLIC DISPLAY ON CAMPUS AND LOANED TO OTHER NON-PROFIT ORGANIZATIONS WITH NO FEE. SCHEDULE D, PAGE 2, PART V, LINE 4 INTENDED USE OF THE ENDOWMENT FUNDS IS TO FUND EDUCATIONAL SCHOLARSHIPS AND AWARDS FOR CENTRAL COLLEGE STUDENTS, FACULTY, AND SUPPORT FOR ENDOWED CHAIRS, AND ADDITIONAL SPECIAL PROJECTS FOR FACULTY MEMBERS AND THE MUSIC DEPARTMENT. SCHEDULE D, PAGE 3, PART X THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE. THE COLEGE IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING CERTAIN 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 JUNE 30, 2016 AND 2015. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURN FOR FISCAL YEARS 2013 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSES 66,962 SCHEDULE D, PAGE 4, PART XI, LINE 4B FINANCIAL AID 22,982,850 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 66,962 SCHEDULE D, PAGE 4, PART XII, LINE 4B FINANCIAL AID 22,982,850 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 CENTRAL COLLEGE ADMITS STUDENTS ON THE BASIS OF ACADEMIC QUALIFICATIONS WITHOUT REGARD TO SEX, RACE, COLOR, CREED, NATIONAL OR ETHNIC ORIGIN, OR PHYSICAL HANDICAP. CENTRAL COLLEGE STUDENTS HAVE EQUAL RIGHTS, PRIVILEGES, AND RESPONSIBILITIES UNLESS SPECIFICALLY RESTRICTED BY DISCIPLINARY PROCESS. SCHEDULE E, LINE 6 CENTRAL COLLEGE RECEIVES TITLE IV FINANCIAL AID FOR STUDENTS FROM THE DEPARTMENT OF EDUCATION: PELL GRANT, SEOG, WORK STUDY FUNDS, TEACHER EDUCATION GRANTS/LOANS, AND DIRECT LOANS. true EUROPE & UK 4 4 PROGRAM SERVICES EDUCATIONAL 1922083 NORTH AMERICA 1 1 PROGRAM SERVICES EDUCATIONAL 281591 5 5 5 5 2203674 2203674 false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 2 CENTRAL COLLEGE EMPLOYEES REVIEW COMPLIANCE FOR ALL EXPENDITURES MADE OUTSIDE THE UNITED STATES. SCHEDULE F, PAGE 1, PART I, LINE 3 EUROPE & UK 1,922,083 0 NORTH AMERICA 281,591 0 true INSTITUTIONAL AID 1173 21464992 ENDOWED SCHOLARSHIPS 378 1517858 SCHEDULE I, PAGE 1, PART I, LINE 2 CENTRAL COLLEGE EMPLOYEES REVIEW COMPLIANCE FOR ALL FEDERAL, STATE, AND PRIVATE GRANTS RECEIVED. IN ADDITION, CENTRAL COLLEGE PARTICIPATES IN AN A-133 AUDIT ON AN ANNUAL BASIS FROM OUR EXTERNAL AUDIT FIRM. X X true true X X X X false false false false false false false false false MARK PUTNAM PRESIDENT 233568 19823 24650 22252 300293 THOMAS JOHNSON VP FINANCE & TREAS 125786 1454 13227 12700 153167 BILL NORTHUP VP DEVELOPMENT 170694 3454 5363 7687 187198 MARY STREY VP ACADEMICS 170813 540 18500 19543 209396 SCHEDULE J, PART III CENTRAL COLLEGE OWNED PROPERTY IS PROVIDED TO THE PRESIDENT. THE PROPERTY IS USED FOR MANY COLLEGE FUNCTIONS, MEALS, AND RECEPTIONS INVOLVING FACULTY, STAFF, STUDENTS, DONORS, AND THE GENERAL PUBLIC THROUGHOUT THE YEAR. THERE IS NO PRIVATE RESIDENCE FOR THE FAMILY. SOCIAL CLUB DUES ARE PAID BY THE COLLEGE AND TREATED AS A TAXABLE BENEFIT. THE PRESIDENT PAYS FOR ANY PERSONAL MEALS. A CITY OF PELLA 426005115 2005-06-29 2100000 SEE PART IV false false false B IOWA HIGHER EDUCATION LOAN AUTHORIT 421235696 462460W69 2012-06-14 35935048 REFUND PRIOR ISSUE false false false C IOWA HIGHER EDUCATION LOAN AUTHORIT 421235696 462460W77 2012-06-14 14803707 REFUND PRIOR ISSUE false false false D IOWA HIGHER EDUCATION LOAN AUTHORIT 421235696 2014-07-02 10445493 REFUND PRIOR ISSUE false false false A 1379338 2105537 27486 2078051 2005 false false true true B 2670000 35925568 2843514 569420 35303197 2003 true false true true C 14805362 1511155 244207 13050000 2011 true false true true D 523910 10451629 673907 177424 9600298 2011 true false true true A false false false false false false true B false false false false false false true C false false false false false false true D false false false false false false true A false false true true false false false false true B true false false false false true C true false false false false true D false true true false true false false false true A true B true C true D true SCHEDULE K - DATE REBATE COMPUTATION PERFORMED CITY OF PELLA 12/29/06 SCHEDULE K - ADDITIONAL INFORMATION CITY OF PELLA PART IV, LINE 2C, COLUMN A - SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. PART I, LINE A, COLUMN (F) - CONSTRUCT INSTRUCTIONAL BUILDING, REMODEL DORMITORY, OTHER PART II, LINE 3, COLUMN A - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS/LOSS. IOWA HIGHER EDUCATION LOAN AUTHORITY PART II, LINE 3, COLUMN B - THE TOTAL PROCEEDS DO NOT EQUAL THE SUMMATION OF LINES 4-12 DUE TO TRANSFERRED OR REPLACEMENT PROCEEDS IN LINE 4. IOWA HIGHER EDUCATION LOAN AUTHORITY PART II, LINE 3, COLUMN D - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS/LOSS. DEPENDENT WAIVER 40768 NON-CASH TUITION BENEFIT X 37 1499501 FAIR VALUE X 2 109082 FAIR VALUE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B CENTRAL COLLEGE USES US BANCORP TO PROCESS AND SELL DONATED SECURITIES. DONORS TRANSFER SECURITIES TO CENTRAL'S BROKERAGE ACCOUNT. SECURITIES ARE THEN SOLD IMMEDIATELY PER BOARD POLICY AND FUNDS ARE DEPOSITED INTO THE COLLEGE'S CHECKING ACCOUNT AT US BANK. FORM 990 - ORGANIZATION'S MISSION CENTRAL COLLEGE IS A RESIDENTIAL LIBERAL ARTS COLLEGE DEDICATED TO HELPING STUDENTS DISCOVER AND DEVELOP THEIR GREATEST POTENTIAL. GUIDED BY ITS ECUMENICAL CHRISTIAN TRADITION, THE COLLEGE COMMUNITY ENGAGES IN VIGOROUS, OPEN INQUIRY IN PURSUIT OF ACADEMIC EXCELLENCE. THE COLLEGE NURTURES THE DEVELOPMENT OF THE MIND, WHILE FOSTERING SPIRITUAL AND EMOTIONAL MATURITY AND PHYSICAL WELL-BEING. CENTRAL INTEGRATES CAREER PREPARATION WITH THE DEVELOPMENT OF VALUES ESSENTIAL TO RESPONSIBLE CITIZENSHIP, EMPOWERING GRADUATES FOR EFFECTIVE SERVICE IN LOCAL, NATIONAL, AND INTERNATIONAL COMMUNITIES. FORM 990, PAGE 2, PART III, LINE 4D GOVERNMENT-SPONSORED TRIO PROGRAMS - EXPENSES OF FEDERAL GRANT PROGRAM FORM 990, PART V, LINE 4B SPAIN, AUSTRIA, MEXICO, GREAT BRITAIN (UK) FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE GOVERNANCE BOARD OF THE COLLEGE BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST DOCUMENT IS COMPLETED EACH YEAR AND MONITORED BY THE TREASURER'S OFFICE. FORM 990, PAGE 6, PART VI, LINE 15A PRESIDENT'S SALARY IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES COMPENSATION COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 15B SALARIES OF KEY EMPLOYEES AND OFFICERS ARE APPROVED BY DIRECT REPORTS. ALL SALARIES ARE MONITORED BY THE BUSINESS OFFICE MONTHLY. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST