2017-04-05T09:35:44-05:00 2016-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-06-01 410693962 MACALESTER COLLEGE MACA 6516966000 1600 GRAND AVENUE ST PAUL MN 55105 DAVID WHEATON VP FOR ADMIN AND FINANCE 6516966000 2017-04-03 1 KAREN GRIES P00078514 6123764500 2015 2021-01-29 14:40:06Z BRIAN ROSENBERG 1600 GRAND AVENUE ST PAUL MN 55105 444809689 0 X WWW.MACALESTER.EDU X 1874 MN MACALESTER IS A FOUR-YEAR HIGHLY-SELECTIVE LIBERAL ARTS COLLEGE. 32 31 2798 1800 -2109367 -2115486 12680805 10299433 109650745 118608554 56488697 30164157 1388649 1560856 180208896 160633000 47727961 52178142 0 0 62793871 65621310 0 0 4869928 43702177 46682192 154224009 164481644 25984887 -3848644 1065377191 994641549 111057589 115016530 954319602 879625019 X MACALESTER IS COMMITTED TO BEING A PREEMINENT LIBERAL ARTS COLLEGE WITH AN EDUCATIONAL PROGRAM KNOWN FOR ITS HIGH STANDARDS FOR SCHOLARSHIP AND ITS SPECIAL EMPHASIS ON INTERNATIONALISM, MULTICULTURALISM, AND SERVICE TO SOCIETY. 0 0 107090598 52097288 90110397 SEE SCHEDULE O.INSTRUCTION OF STUDENTS AND ACADEMIC SUPPORT OF INSTRUCTION: MACALESTER PREPARES STUDENTS FOR WORLD CITIZENSHIP THROUGH ITS BROAD-BASED, RIGOROUS LIBERAL ARTS EDUCATION. STUDENTS FROM 50 STATES, WASHINGTON DC, GUAM, PUERTO RICO, AND 88 COUNTRIES EXPERIENCE AN ACADEMIC PROGRAM THAT RANKS AMONG THE TOP 25 IN THE NATION. TO SUPPORT STUDENT TEACHING AND LEARNING, MACALESTER MAINTAINS A STUDENT FACULTY RATIO OF 10:1,WITH AN AVERAGE CLASS SIZE OF 17. STUDENTS CAN CHOOSE FROM AMONG 38 MAJORS AND 37 MINORS, COMPRISED OF MORE THAN 800 COURSES. MACALESTER IS COMMITTED TO ADMITTING AN ECONOMICALLY DIVERSE STUDENT BODY AND MEETS THE FULL FINANCIAL NEED OF EVERY ADMITTED STUDENT. APPROXIMATELY 60% OF STUDENTS STUDY ABROAD. MACALESTER'S SEVEN ACADEMIC FACILITIES AND LIBRARY BOAST STATE-OF-THE-ART TECHNOLOGY, INCLUDING SCIENCE LABORATORIES AND A LEED PLATINUM CERTIFIED BUILDING. ENROLLMENT FOR FALL 2015 WAS 2,172 AND 442 STUDENTS GRADUATED DURING THE 2015-2016 FISCAL YEAR. 22499320 18931846 STUDENT SERVICES: THE CO-CURRICULAR STUDENT EXPERIENCE IS CRITICAL TO MACALESTER'S MISSION. TO SUPPORT A VIBRANT STUDENT EXPERIENCE, MACALESTER PROVIDES A RANGE OF STUDENT SERVICES AND SUPPORT. WITH MORE THAN 90 STUDENT-RUN CLUBS AND ORGANIZATIONS, MACALESTER STUDENTS HAVE SIGNIFICANT LEADERSHIP OPPORTUNITIES. THE CAREER DEVELOPMENT CENTER HELPS STUDENTS GAIN VALUABLE WORK EXPERIENCE AND PLAN THEIR CAREERS UPON GRADUATION. THE LEONARD CENTER ATHLETIC AND WELLNESS COMPLEX HOUSES TRAINING AND COMPETITION AREAS AND PROVIDES FITNESS AND WELLNESS PROGRAMS. MACALESTER COMPETES IN NCAA DIVISION III AND SUPPORTS 21 MEN'S AND WOMEN'S SPORTS. DURING THE 2015-16 FISCAL YEAR, INTRAMURAL ATHLETICS HAD OVER 1,100 PARTICIPANTS. 10524704 8855915 RESIDENCE AND DINING HALLS: MACALESTER IS A RESIDENTIAL CAMPUS, LOCATED ON 53 ACRES IN THE CENTER OF A MAJOR U.S. METROPOLITAN AREA. FIRST YEAR AND SECOND YEAR STUDENTS ARE REQUIRED TO LIVE ON CAMPUS; OVERALL TWO THIRDS OF STUDENTS LIVE ON CAMPUS. MACALESTER HAS TEN RESIDENCE HALLS, SIX LANGUAGE HOUSES, AND SIX THEME RESIDENCES (ECOHOUSE, CULTURAL HOUSE, ALL-GENDER COMMUNITY, INTERFAITH HOUSE, VEGGIE CO-OP, AND STUDY ABROAD HOUSE). THE DINING HALL IS LOCATED IN THE CAMPUS CENTER, WHICH CREATES A VIBRANT LIVING-LEARNING COMMUNITY. LOCALLY-SOURCED ORGANIC FOODS ARE MAXIMIZED IN DINING OPERATIONS. FOOD SCRAPS ARE SENT TO A LOCAL FARM RATHER THAN TO A LANDFILL. SUSTAINABILITY IS AN IMPORTANT PRIORITY FOR THE COLLEGE; IN RESIDENCE HALLS AND DINING HALLS, STUDENTS ARE ENCOURAGED TO REDUCE ENERGY USE. 2244759 80854 1888832 OTHER SERVICES - RESEARCH, PUBLIC SERVICES, POST OFFICE, ETC. 2244759 80854 1888832 142359381 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 2609 0 2798 1 1 1 1 AU 0 0 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN CA X DAVID WHEATON 6516966000 1600 GRAND AVENUE ST PAUL MN 55105 BRIAN ROSENBERG PRESIDENT 40.00 X X 566329 0 204596 PETER AHN TRUSTEE 1.00 X 0 0 0 ANNE CRANDALL CAMPBELL TRUSTEE 1.00 X 0 0 0 JERRY CRAWFORD TRUSTEE 1.00 X 0 0 0 RUTH STRICKER DAYTON TRUSTEE 1.00 X 0 0 0 DAVID DENO CHAIR 1.00 X X 0 0 0 R LAWRENCE DESSEM TRUSTEE 1.00 X 0 0 0 EDWARD DONKOR TRUSTEE 1.00 X 0 0 0 STEVEN EULLER VICE CHAIR 1.00 X X 0 0 0 TIMOTHY HART-ANDERSEN TRUSTEE 1.00 X 0 0 0 MICHAEL HUBER TRUSTEE 1.00 X 0 0 0 PATRICIA HUME TRUSTEE 1.00 X 0 0 0 PATRICIA HURLEY TRUSTEE 1.00 X 0 0 0 AUKSE JURKUTE TRUSTEE 1.00 X 0 0 0 CARRIE NORBIN KILLORAN SECRETARY 1.00 X X 0 0 0 MICHAEL KLINGENSMITH TRUSTEE 1.00 X 0 0 0 D CHRISTIAN KOCH TRUSTEE 1.00 X 0 0 0 JEFFREY LARSON TRUSTEE 1.00 X 0 0 0 MARK LEONARD TRUSTEE 1.00 X 0 0 0 MA MORTENSON TRUSTEE 1.00 X 0 0 0 LEE NYSTROM TRUSTEE 1.00 X 0 0 0 PAUL OLSON TREASURER 1.00 X X 0 0 0 SANDRA ORTIZ TRUSTEE 1.00 X 0 0 0 SARA PETERSON TRUSTEE 1.00 X 0 0 0 JAMES REISSNER TRUSTEE 1.00 X 0 0 0 SUSAN DUNST SCHWARTZ VICE CHAIR 1.00 X X 0 0 0 MICHAEL SNEED TRUSTEE 1.00 X 0 0 0 BRUCE SOLTIS TRUSTEE 1.00 X 0 0 0 REBECCA VAN DYCK TRUSTEE 1.00 X 0 0 0 MARK VANDER PLOEG TRUSTEE 1.00 X 0 0 0 JON WALTON TRUSTEE 1.00 X 0 0 0 ANNETTE MORTINSON WHALEY TRUSTEE 1.00 X 0 0 0 DAVID WHEATON VP FOR ADMIN & FINANCE 40.00 X 253321 0 41687 GARY MARTIN CHIEF INVESTMENT OFFICER 40.00 X 317097 0 24117 DAVID A BROWN VP FOR ADVANCEMENT 40.00 X 240761 0 36394 KARINE MOE PROVOST/DEAN OF FACULTY 40.00 X 184719 0 33692 LORNE ROBINSON DEAN OF ADMISS. & FIN. AID 40.00 X 180608 0 18742 DANIEL HORNBACH PROFESSOR 40.00 X 165471 0 27267 JERRY SANDERS ASSOCIATE VP, ITS 40.00 X 159081 0 28494 DIANE MICHELFELDER PROFESSOR 40.00 X 156650 0 22400 CHRISTY HANSON DEAN OF IGC 40.00 X 153617 0 16512 ADAM TOSH SENIOR INVESTMENT OFFICER 40.00 X 153225 0 24660 2530879 0 478561 101 0 1 0 BON APPETIT MANAGEMENT CO 91337 COLLECTIONS DRIVE CHICAGO IL 60603 FOOD SERVICE 4324126 NORTHERN TRUST 50 LASALLE STREET CHICAGO IL 60603 INVESTMENT CUSTODIAN 1700581 SHAW STEWART LUMBER CO 645 JOHNSON ST NE MINNEAPOLIS MN 55413 CONSTRUCTION 857032 SIECO CONSTRUCTION INC 2636 MINNEHAHA AVE MINNEAPOLIS MN 55406 CONSTRUCTION 583619 EBSCO PO BOX 204661 DALLAS TX 75320 LIBRARY SERVICE 556050 34 1819480 8479953 553686 10299433 TUITION & FEES 611710 102722059 102722059 SALES & SERVICE OF AUX 611710 15886495 15886495 118608554 12263809 -2151270 14415079 1300614 918194 382420 382420 41903 340517 301158843 283248727 9768 17910116 -9768 17900348 17900348 MISCELLANEOUS REVENUE 900099 1178436 1178436 1178436 160633000 119786990 -2109367 32655944 80854 80854 52097288 52097288 2098027 417761 1239416 440850 48933820 40588630 5906145 2439045 3488997 2858928 422028 208041 7770017 6496508 916053 357456 3330449 2711437 438888 180124 354628 354628 109568 109568 100103 100103 1700581 1700581 8551856 6322846 1988683 240327 33151 14801 13941 4409 5632943 4360096 694182 578665 2022558 284898 1680985 56675 3208695 3012383 174309 22003 2461628 1994528 245444 221656 299299 187678 86007 25614 3698319 3695394 2925 8848154 8335017 513137 33395 1217 29661 2517 STUDY AWAY PROGRAMS 5106625 5106625 BOOKS, PERIODICALS, ART 1451064 1399292 24235 27537 MINOR EQUIPMENT 1212719 1120561 80984 11174 1856906 1272639 530432 53835 164481644 142359381 17252335 4869928 35762366 28092438 4126387 2061256 539097 749835 6733706 7267746 310187 435156 330300486 114354399 221141625 215946087 402360723 357022274 361972222 352739021 32430878 30327736 1065377191 994641549 12666751 12773961 4514770 4423715 1109126 1211298 82654261 84225219 10112681 12382337 111057589 115016530 X 199528911 196199512 392248732 322091572 362541959 361333935 954319602 879625019 1065377191 994641549 X -3848644 -67027030 -3818909 X 0 1 X 1 1 1 X 16470674 13026676 15163317 12680805 10299433 67640905 16470674 13026676 15163317 12680805 10299433 67640905 3281702 64359203 15241735 15144710 18116788 12579053 15715693 76797979 187957 187957 991079 1229996 1216755 1082080 1178436 5698346 150325187 531319695 0.42810 0.46250 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2011 AMOUNT: $ 991,079. 2012 AMOUNT: $ 1,229,996. 2013 AMOUNT: $ 1,216,755. 2014 AMOUNT: $ 1,082,080. 2015 AMOUNT: $ 1,178,436. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 100103 100103 159511613 159611716 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 80438 91564 93106 100103 365211 250000 250000 250000 250000 1000000 1500000 PART I-A, LINE 1 MACALESTER COLLEGE IS A MEMBER OF THE 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. MACALESTER PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $137,315 DURING THE FISCAL YEAR. BASED ON FIGURES PROVIDED BY MPCC, $100,103 OF MACALESTER'S DUES WENT, IN PART, TOWARD LOBBYING. 745390030 2687876 -40236546 25471506 7529124 2704688 672136042 718442436 3062773 57310275 23355045 7739277 2331132 745390030 663324373 3277124 83608954 21861979 7433195 2472841 718442436 597674972 2347751 96843007 22085432 8826115 2629810 663324373 638449674 4229032 -10495862 22528016 9742856 2237000 597674972 0.08000 0.46000 0.46000 1 0 2157462 2157462 15566939 297607392 102124958 211049373 14968693 12229441 2739252 215946087 LP INTEREST IN DOM EQ 92172886 F LP INTEREST IN PRIVATE EQ 82273115 F LP INT IN HEDGE FUNDS 61384678 F LP INT IN REAL EST. 17976521 F LP INT IN NAT. RES. 46229774 F LIQUID ALT. INV. 52702047 F 352739021 DEPOSITS 386905 INTEREST RATE SWAP AGREEMENT 1525619 LIAB UNDER PLANNED GIVING AGMTS 7695788 UNAMORTIZED BOND PREMIUM 2774025 12382337 X 89004674 -67027030 -2900715 -69927745 158932419 1700581 1700581 160633000 163699257 918194 918194 162781063 1700581 1700581 164481644 PART V, LINE 4: MACALESTER COLLEGE USES THE EARNINGS FROM ITS ENDOWMENT FUNDS FOR SCHOLARSHIPS, PRIZES, AWARDS, LIBRARY SUPPORT, PROGRAM SUPPORT, FACULTY SUPPORT, AND RESEARCH IN ACCORDANCE WITH DONOR RESTRICTIONS WHERE APPLICABLE. PART X, LINE 2: THE COLLEGE'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON TECHNICAL MERITS. THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSES OR BENEFIT. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -571,834. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -2,172,238. CHANGE IN VALUE OF INTEREST RATE SWAP -1,074,837. RENTAL EXPENSE 918,194. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 918,194. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MACALESTER COLLEGE PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE, IN ITS COLLEGE CATALOG, AND ON ITS APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 MACALESTER COLLEGE RECEIVES TITLE IV FUNDING FROM THE UNITED STATES DEPARTMENT OF EDUCATION (I.E. PELL, SEOG, FEDERAL WORK STUDY, DIRECT LOAN PROGRAM, AND PERKINS LOAN PROGRAM). MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE ARCHAEOLOGICAL 44594 EUROPE 0 0 PROGRAM SERVICE EDUCATION TRAVEL 52270 EUROPE 0 0 PROGRAM SERVICE STUDENT RECRUITMENT 12271 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE STUDENT RECRUITMENT 29451 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE STUDENT RECRUITMENT 7363 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 220875 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 894550 EUROPE 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 2350359 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 158325 NORTH AMERICA 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 70800 RUSSIA AND THE NEIGHBORING STATES 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 98067 SOUTH AMERICA 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 634050 SOUTH ASIA 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 146937 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 225724 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE GRANT RESEARCH 11700 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE GRANT RESEARCH 5900 EUROPE 0 0 PROGRAM SERVICE GRANT RESEARCH 79000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 67685205 EUROPE 0 0 INVESTMENTS 11720225 0 0 0 0 0 0 3611733 80835933 84447666 1 0 1 1 1 0 PART I, LINE 3: EXPENDITURES ARE RECORDED AS EXPENSES IN THE COLLEGE'S GENERAL LEDGER WHEN THE EXPENSES ARE INCURRED, OTHERWISE KNOWN AS THE ACCRUAL METHOD OF ACCOUNTING. 1 MACALESTER GROVELAND COMMUNITY COUNCIL 320 GRIGGS ST ST PAUL MN 55105 411414691 501(C)(3) 14000 N/A N/A SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD FAMILY TREE CLINIC 1619 DAYTON AVE STE 205 ST PAUL MN 55104 237133742 501(C)(3) 6000 N/A N/A SUPPORT OF THE DEAF & BLIND WOMEN'S HEALTH PROGRAM MINNESOTA PUBLIC RADIO 480 CEDAR ST ST PAUL MN 55101 410953924 501(C)(3) 10000 N/A N/A SPONSORSHIP FOR EVENT ON CAMPUS CENTRAL HIGH SCHOOL 360 COLBORNE ST ST PAUL MN 55120 410901311 ST. PAUL SCHOOLS 5000 N/A N/A SUPPORT FOR LOCAL HIGH SCHOOL PROGRAM UNIVERSITY OF WI- RIVER FALLS 1852 VAN HISA HALL MADISON WI 53706 391805963 UNIV. OF WI SYSTEM 28643 N/A N/A NATIONAL SCIENCE FOUNDATION GRANT SUBAWARD SMITHSONIAN INSTITUTION OFFICE OF DEVELOPEMENT 1000 JEFFERSON DRIVE SW 4TH FLOOR WASHINGTON DC 20560 530206027 SMITHSONSIAN INST. 7211 N/A N/A NATIONAL SCIENCE FOUNDATION GRANT SUBAWARD YOUTHPRISE 615 FIRST AVE NE SUITE 125 MINNEAPOLIS MN 55413 274126970 501(C)(3) 10000 N/A N/A COLLABORATIVE RESEARCH 7 0 SCHOLARSHIPS AND GRANTS TO STUDENTS 1708 52097288 N/A N/A PART I, LINE 2: WHEN DETERMINING THE AMOUNT OF FINANCIAL AID A STUDENT WILL RECEIVE, THE FINANCIAL AID OFFICE FIRST CALCULATES HOW MUCH THE STUDENT'S FAMILY CAN REASONABLY AFFORD. THIS CALCULATION RELIES ON TWO PRIMARY SOURCES OF INFORMATION: 1) A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA); AND 2) A FINANCIAL AID PROFILE; BOTH OF WHICH ARE COMPLETED BY THE FAMILY. THE FINANCIAL AID OFFICE AWARDS A FINANCIAL AID PACKAGE THAT FILLS THE GAP BETWEEN THE CALCULATED AMOUNT THE STUDENT'S FAMILY CAN REASONABLY AFFORD AND THE COST OF ATTENDING MACALESTER COLLEGE. SCHEDULE I, PART I, LINE 2: THE COLLEGE'S AWARDS SMALL GRANTS TO NEIGHBORHOOD ORGANIZATIONS WORKING TO MAKE OUR NEIGHBORHOOD A VIBRANT PLACE TO LIVE, AND TO LOCAL NEIGHBORHOOD COUNCILS COMMITTED TO AREA LIVABILITY ISSUES. GRANT RECIPIENTS ARE REQUIRED TO SUBMIT A REPORT DESCRIBING USE OF GRANT FUNDS AT LEAST ANNUALLY OR AT THE CLOSE OF A SPECIFIC PROJECT. THE COLLEGE ALSO MAKES SUBAWARDS FROM GRANT FUNDS OT ORGANIZATIONS THAT AID IN THE RESEARCH BEING CONDUCTED. SUBRECIPIENTS MUST SUBMIT DETAILED REPORTS OF EXPENDITURES BEFORE MACALESTER WILL REIMBURSE THEM. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 BRIAN ROSENBERG PRESIDENT 500067 0 0 0 66262 0 126000 0 78596 0 770925 0 0 0 DAVID WHEATON VP FOR ADMIN & FINANCE 251641 0 0 0 1680 0 26000 0 15687 0 295008 0 0 0 GARY MARTIN CHIEF INVESTMENT OFFICER 315674 0 0 0 1423 0 8240 0 15877 0 341214 0 0 0 DAVID A BROWN VP FOR ADVANCEMENT 234565 0 0 0 6196 0 24210 0 12184 0 277155 0 0 0 KARINE MOE PROVOST/DEAN OF FACULTY 184378 0 0 0 341 0 18283 0 15409 0 218411 0 0 0 LORNE ROBINSON DEAN OF ADMISS. & FIN. AID 179932 0 0 0 676 0 18046 0 696 0 199350 0 0 0 DANIEL HORNBACH PROFESSOR 164629 0 0 0 842 0 15563 0 11704 0 192738 0 0 0 JERRY SANDERS ASSOCIATE VP, ITS 158179 0 0 0 902 0 16371 0 12123 0 187575 0 0 0 DIANE MICHELFELDER PROFESSOR 155784 0 0 0 866 0 15862 0 6538 0 179050 0 0 0 CHRISTY HANSON DEAN OF IGC 153417 0 0 0 200 0 16032 0 480 0 170129 0 0 0 ADAM TOSH SENIOR INVESTMENT OFFICER 153108 0 0 0 117 0 15843 0 8817 0 177885 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE COLLEGE ONLY PAYS THE TRAVEL EXPENSES OF THE PRESIDENT'S SPOUSE IF THE PURPOSE OF HER TRIP IS RELATED TO COLLEGE BUSINESS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE COLLEGE'S PRESIDENT IS PROVIDED WITH A HOUSE AS A CONDITION OF EMPLOYMENT. THE HOUSE IS USED FOR BOTH BUSINESS AND PERSONAL PURPOSES. HOUSEKEEPING SERVICES FOR THE HOUSE ARE ALSO PROVIDED. PERSONAL SERVICES: THE COLLEGE PAYS FOR THE PRESIDENT'S TAX PREPARATION AND ESTATE PLANNING. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: ELIGIBLE COLLEGE EMPLOYEES RECEIVE AN ANNUAL RETIREMENT PLAN CONTRIBUTION FROM THE COLLEGE EQUAL TO 10% OF ELIGIBLE SALARY, SUBJECT TO IRS ANNUAL LIMITATIONS. BECAUSE THE PRESIDENT'S COMPENSATION TRIGGERS THE LIMITATION EFFECT, THE COLLEGE SUPPLEMENTS THE PRESIDENT'S ANNUAL CASH COMPENSATION WITH AN AMOUNT THAT BRINGS THE RETIREMENT PLAN CONTRIBUTION TO THE LEVEL OF OTHER PARTICIPANTS IN THE PLAN. THE COLLEGE OFFSETS THE INCOME TAX BURDEN OF THIS ADDITIONAL COMPENSATION BY GROSSING UP THE WAGES FOR THE YEAR. THIS ADDITIONAL COMPENSATION IS REPORTED ON THE EMPLOYEE'S W-2. THE COLLEGE SUPPLEMENTS THE LIFE INSURANCE OFFERED THROUGH ITS BENEFIT PLANS WITH AN ADDITIONAL POLICY FOR THE PRESIDENT OF THE COLLEGE. THE PRESIDENT PAYS THE ANNUAL PREMIUM FOR THE POLICY AND IS REIMBURSED BY THE COLLEGE. UNDER IRS RULES, SUCH PAYMENT MUST BE REPORTED AS TAXABLE COMPENSATION TO THE EMPLOYEE. THE COLLEGE OFFSETS THE INCOME TAX BURDEN OF THIS COMPENSATION BY GROSSING UP THE WAGES FOR THE YEAR. THIS ADDITIONAL COMPENSATION IS REPORTED ON THE EMPLOYEE'S W-2. IN CALENDAR YEAR 2015, IT WAS THE COLLEGE'S PRACTICE TO OFFSET THE INCOME TAX BURDEN OF CERTAIN DOMESTIC PARTNER BENEFITS BY GROSSING UP THE AFFECTED EMPLOYEES' WAGES. SEVERAL EMPLOYEES BENEFITED FROM THIS PRACTICE, NONE OF WHICH ARE "LISTED PERSONS NOTED IN FORM 990, PART VII, SECTION A. ANY ADDITIONAL COMPENSATION RELATED TO THIS PRACTICE WAS REPORTED AS TAXABLE INCOME ON THE W-2'S FOR ALL AFFECTED EMPLOYEES. THIS BENEFIT ENDED ON AUGUST 31, 2016. PART I, LINE 4B THE COLLEGE'S PRESIDENT IS THE SOLE PARTICIPANT IN A NONQUALIFIED RETIREMENT PLAN. THE COLLEGE PLACED $100,000 IN THE PLAN DURING THE FISCAL YEAR COVERED BY THIS REPORT. CERTAIN TIME-IN-SERVICE AND PERFORMANCE REQUIREMENTS MUST BE MET FOR THE PRESIDENT TO RECEIVE THE PLAN'S ASSETS. A MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 6041518J2 2003-02-20 15300000 DORMITORY IMPROVEMENTS 0 0 0 B MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HJJ4 2007-03-07 39470869 CONST/REFINANCE BONDS 0 0 0 C MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HVY7 2010-12-17 16248711 BLDG RENOVATION 0 0 0 D MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HZK3 2012-12-12 15166520 BLDG RENOVATION 0 0 0 A 15300000 300000 15000000 2004 0 0 1 1 B 31580000 39470869 421182 22000000 2008 1 0 1 1 C 1640000 16248711 183150 16065561 2012 0 0 1 1 D 270000 15166520 166520 15000000 2014 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 1 RBC 0.080000000000 0 0 0 0 1 B 0 0 1 1 0 0 1 FSA CAPITAL MGMT 1.080000000000 1 0 1 C 0 0 1 1 0 0 0 0 1 D 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2007 ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2012 ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/01/2012 A MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2014-02-01 3995000 REFINANCE BONDS 0 0 0 B MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HP99 2015-09-11 24876534 CONST/REFINANCE BONDS 0 0 0 A 3995000 3995000 2014 1 0 1 1 B 24876534 224105 6775 4993225 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 A 1 B 1 X 14 553686 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTORS ON SCHEDULE M, PART I, COLUMN B. FORM 990, PART VI, SECTION B, LINE 11 INFORMATION FOR THE FORM 990 IS COMPILED BY COLLEGE PERSONNEL AND SUBMITTED TO THE COLLEGE'S AUDIT FIRM, WHO PREPARES A DRAFT OF THE FORM. THIS DRAFT IS REVIEWED BY THE COLLEGE'S VP FOR ADMINISTRATION AND FINANCE, ASSISTANT VP FOR FINANCE, AND DIRECTOR OF ACCOUNTING. ONCE A FINAL DRAFT OF THE FORM IS READY, EACH MEMBER OF THE BOARD OF TRUSTEES IS E-MAILED A COPY FOR REVIEW (WITH SCHEDULE B INFORMATION REDACTED). ALL BOARD MEMBERS ARE INSTRUCTED TO REVIEW THE FORM AND PROVIDE FEEDBACK PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE SENT A CONFLICT OF INTEREST PACKET THAT INCLUDES A COPY OF THE CONFLICT OF INTEREST POLICY AND A QUESTIONNAIRE. COMPLETED QUESTIONNAIRES ARE RETURNED TO THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE, WHERE THEY ARE REVIEWED FOR INTERESTS THAT COULD GIVE RISE TO CONFLICTS. IF A CONFLICT EXISTS AT ANY TIME DURING THE YEAR, THE AFFECTED BOARD MEMBER(S) MUST ABSTAIN FROM ANY DELIBERATIONS AND VOTING ON THE TOPIC TO WHICH THE CONFLICT APPLIES. THESE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR, THE DIRECTOR OF EMPLOYMENT SERVICES COMPILES DATA TO SUPPORT THE WORK OF THE BOARD OF TRUSTEES' SENIOR LEADERSHIP REVIEW COMMITTEE REGARDING THE COMPENSATION OF THE PRESIDENT. THE DATA ARE COMPILED USING RELEVANT INDEPENDENT AND PEER GROUP SALARY SURVEYS AND ARE SHARED WITH ALL MEMBERS OF THE COMMITTEE. THE COMMITTEE IS ALSO MADE AWARE OF THE PLANNED INCREASES FOR ADMINISTRATIVE STAFF AS DETERMINED THROUGH THE ANNUAL BUDGET APPROVAL PROCESS. THE COMMITTEE'S FINAL RECOMMENDATION REGARDING THE PRESIDENT'S COMPENSATION IS APPROVED BY THE FULL BOARD AND COMMUNICATED IN WRITING FOR PROCESSING AND FILING. THE COMMITTEE ALSO RECEIVES INFORMATION REGARDING THE COMPENSATION OF THE COLLEGE'S SENIOR LEADERSHIP POSITIONS ALONG WITH RELEVANT PEER GROUP COMPARATIVE DATA. FINAL DECISIONS REGARDING THE SALARIES OF THOSE INDIVIDUALS ARE THE RESPONSIBILITY OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS ARE ACCESSIBLE BY THE PUBLIC VIA THE COLLEGE'S WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -571,834. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -2,172,238. CHANGE IN VALUE OF INTEREST RATE SWAP -1,074,837. 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