2017-04-07T17:09:23-05:00 2016-05-31 910189318 Moss Adams LLP 805 SW Broadway Ste 1200 Portland OR 97205 990 2015-06-01 930386858 Lewis & Clark College LEWI 5037687801 0615 SW Palatine Hill Road Portland OR 972197899 Alan Finn VP BUSINESS & FINANCE 5037687801 2017-03-30 1 Wendy Campos P00448102 5032421447 2017-03-29 2015 2021-01-29 14:40:06Z Alan Finn 0615 SW Palatine Hill Road Portland OR 972197899 234911839 0 X WWW.LCLARK.EDU X 1946 OR The mission of Lewis & Clark College is to know the traditions of the liberal arts, to test their boundaries through ongoing exploration, and to hand on to successive generations the tools and discoveries of this quest. By these means the College pursues the aims of all liberal learning: to seek knowledge for its own sake and to prepare for civic leadership. 33 32 3047 1208 -88371 -95500 9113068 6504825 147701586 153697321 10756088 1233637 3475118 3502417 171045860 164938200 46856006 51800846 0 0 70494651 71499605 0 0 3297559 52478601 51762438 169829258 175062889 1216602 -10124689 443969307 424907086 146301594 147966665 297667713 276940421 X The mission of Lewis & Clark College is to know the traditions of the liberal arts, to test their boundaries through ongoing exploration, and to hand on to successive generations the tools and discoveries of this quest. By these means the College pursues the aims of all liberal learning: to seek knowledge for its own sake and to prepare for civic leadership. 0 0 104419144 51747675 133979192 Academics: Lewis & Clark College supports its educational mission by preparing students for world citizenship through rigorous curricula and rich experiences both in and out of the classroom. The College of Arts and Sciences offers 29 majors and 26 minors in the sciences, arts, humanities, and social sciences. A student-faculty ratio of 12 to 1 is provided for a diverse community of students from 47 states, the District of Columbia, and approximately 80 other countries. A wide range of overseas and off-campus programs form an integral part of the total educational experience at Lewis & Clark. The College is committed in helping students develop the skills to understand, create, and connect their educational experience with future goals through programs such as career counseling, internships, leadership & development, and entrepreneurship programs. In support of its academic programs, Lewis & Clark operates well-stocked libraries, award-winning green buildings, and outstanding athletic facilities.The Graduate School of Education and Counseling offers nationally accredited professional programs in a wide range of education and counseling-related fields with scholar-practitioner faculty who conduct leading research in their academic fields, while remaining deeply embedded in the real needs of local communities, agencies, and institutions. Drawing students from across the country and internationally, the Law School has a national reach with graduates practicing in many areas of law. With rigorous classroom teaching and a wide variety of opportunities to gain practical experience, the Law school's environmental program has consistently been ranked as one of the best in the nation for many years. Aside from a traditional law degree, special certificates are available for students who pursue a prescribed curriculum in business, intellectual property, tax, criminal law, global law, public interest law, or environmental law. 13554090 2663917 Student Services: Student experience is critical to our mission and Lewis & Clark is dedicated in supporting students' transition to college by encouraging personal development, promoting co-curricular learning, stimulating educational success, and helping prepare students for lifelong careers. Lewis & Clark is a residential campus, located on 137 wooded acres in southwest Portland. First and second year students are required to live on campus and approximately 65% of all Lewis & Clark undergraduate students live on campus. The College provides a range of student services and support with more than 100 registered student-run clubs and organizations. The Division of Student Life partners with the undergraduate students through their development in academic & experiential learning, civic leadership & career development, diversity & inclusion, and wellness. Over 350 student-athletes compete in 19 NCAA Division III sports programs offered at Lewis & Clark and a larger number participate in other recreational activities such as club and intramural sports.At the Graduate School of Education and Counseling, students benefit from specialized support in a range of areas related to professional licensure, endorsements, and other job related credentials. Given that graduates pursue positions from Portland to Qatar, this can be a complicated process, involving many external agencies and organizations. Students are guided through the process and requirements relevant to their specific goals. The Graduate School also sponsors a variety of visits by school districts, mental health agencies, and related organizations to help students make connections with (and often actually interview with) their future employers.The Career Development office works closely with law students and provides services such as making mentors available to all students, meeting with students individually to counsel on career choices, reviewing resumes, and taping mock interviews with practicing attorneys. 11935553 195410 Academic Support: Lewis & Clark is committed to the academic success of every student and carries out its mission through giving each student the opportunity to discover themselves and the world through the study of the arts, the humanities, and the mathematical, natural, and social sciences. Over ninety-five percent of full time faculty hold a Ph.D. or terminal degree in their fields. Many of our faculty are active in research and scholarships and have been tremendously successful in securing prestigious awards and appointments including Fulbright Alumni Ambassador, Council for the Advancement and Support of Education (CASE) and the Carnegie Foundation for the Advancement for Teaching for teacher of year awards. Several faculty members have recently been recognized for excellence in teaching with Graves Awards in Humanities and numerous faculty members have been awarded fellowships to conduct research and teach abroad. An average class size of 17 allows close contact between professors and students and creates opportunities for discussion and collaboration. Approximately 85% of undergraduate students receive financial assistance through merit-based scholarships, need-based grants, loans, or campus employment.In the Graduate School of Education and Counseling, students and faculty work closely together in a variety of contexts, from intensive field-based internships to co-authoring research articles. Students learn not only to be excellent practitioners, but leaders and change agents. The Law School faculty make themselves available outside of class for mentoring, and to expand on topics taught in classes. In addition, the Law School has a program for students who feel the need for academic support during law school, as well as a program designed to enhance the likelihood of bar passage upon graduation. Beyond any specialized majors, students hone their abilities as knowledgeable and logical thinkers, articulate speakers, and effective writers. The College provides many resources to support students. These services range from tutoring at the Math Skills Center to support from one of our counselors. 14935799 53171 1713262 Other expenses related to (1) scholarly research, (2) campus events for the benefit of the local community and general public, and (3) auxiliary services such as residence halls, food service, campus bookstore, conferences and computer purchasing program. 14935799 53171 1713262 144844586 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 4514 0 1 3047 1 1 1 1 GM 0 0 0 1 1 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO DC MA MD MI NH NJ NY OR PA VA WA WV X X X Alan Finn 5037687801 0615 SW PALATINE HILL ROAD PORTLAND OR 972197899 Scott Dubchansky Chair 2.00 X X 0 0 0 Beth Miller Vice Chair 2.00 X X 0 0 0 Ahmed Al Badi Trustee 2.00 X 0 0 0 Amber Case Trustee 2.00 X 0 0 0 Peter Chang Trustee 2.00 X 0 0 0 Mark Dorman Trustee 2.00 X 0 0 0 Stephen Dover Trustee 2.00 X 0 0 0 Gerald Fischer Trustee 2.00 X 0 0 0 Stephanie Fowler Trustee 2.00 X 0 0 0 Paula Hayes Trustee 2.00 X 0 0 0 Heidi Hu Trustee 2.00 X 0 0 0 Jon Jaqua Trustee 2.00 X 0 0 0 Christopher Jay Trustee 2.00 X 0 0 0 Frederick Jubitz Trustee 2.00 X 0 0 0 Jouni Korhonen Trustee 2.00 X 0 0 0 Marilyn Loy Trustee 2.00 X 0 0 0 Patrick Mahaffy Trustee 2.00 X 0 0 0 Randy Massengale Trustee 2.00 X 0 0 0 Libby McCaslin Trustee 2.00 X 0 0 0 Amy Miller Trustee 2.00 X 0 0 0 Patrick Nielson Trustee 2.00 X 0 0 0 Jin Park Trustee 2.00 X 0 0 0 Thomas Rasmussen Trustee 2.00 X 0 0 0 John Rogers Trustee 2.00 X 0 0 0 Bill Schaff Trustee 2.00 X 0 0 0 Ruth Sigal Trustee 2.00 X 0 0 0 James Spencer Trustee 2.00 X 0 0 0 Kent Swanson Trustee 2.00 X 0 0 0 Mark Tratos Trustee 2.00 X 0 0 0 Jay Waldron Trustee 2.00 X 0 0 0 Dan Eller Trustee Ex Officio 2.00 X 0 0 0 Mike Holtzclaw Trustee Ex Officio 2.00 X 0 0 0 Barry Glassner PRESIDENT 45.00 X X 456681 0 37251 Hal Abrams VP FOR INSTITUTIONAL ADVANCEMENT 45.00 X 230492 0 35504 Carl Vance CHIEF INVESTMENT OFFICER 45.00 X 222075 0 31882 David Ellis VP, SECRETARY AND GENERAL COUNSEL 45.00 X 213891 0 19867 Jane Atkinson VP AND PROVOST 45.00 X 213462 0 31286 George Battistel ASSOC VP FOR FINANCE/CONTROLLER 45.00 X 115595 0 22257 Alan Finn VP FOR BUSINESS & FINANCE/TREASURER 45.00 X 54255 0 10438 Jennifer Johnson DEAN OF THE LAW SCHOOL 45.00 X 296910 0 26422 Earl Fletcher DEAN OF THE GRADUATE SCHOOL 45.00 X 171807 0 21640 Susan Mandiberg PROFESSOR OF LAW 45.00 X 211978 0 31380 Anna Gonzalez DEAN OF STUDENTS 45.00 X 201263 0 17063 Nicholas Smith PROFESSOR OF HUMANITIES 45.00 X 188527 0 30118 Lisa Meyer DEAN OF ENROLLMENT AND COMMUNICATIONS 45.00 X 185980 0 23658 Douglas Newell PROFESSOR OF LAW 45.00 X 180824 0 24220 Julio de Paula FORMER DEAN OF CAS 45.00 X 191040 0 30546 Robert Klonoff FORMER DEAN OF LAW SCHOOL 45.00 X 157459 0 30800 Jane Hunter FORMER INTERIM DEAN OF CAS 45.00 X 136686 0 24964 3428925 0 449296 78 1 1 0 COMPASS GROUP USA INC (DBA BON APPETIT) 2400 YORKMONT RD CHARLOTTE NC 28217 CATERING & FOOD SERVICE 4580426 Skyline BUILDING MAINTENANCE 17446 SW boones Ferry Rd Lake OSWEGO OR 97035 Housekeeping & Custodial 1946868 Bremik Construction Inc 1026 SE Stark St Portland OR 97214 Construction & General contracting 1246758 Fortis Construction Inc 1705 SW Taylor St Suite 200 Portland OR 97205 Construction & General contracting 633991 Idaho Wilderness Trek 576 Pywell Rd Bonners Ferry ID 83805 International Education Services 408145 54 27551 900456 5576818 472503 6504825 TUITION and FEES 611600 133942407 133942407 AUXILIARY SERVICES 900099 18222530 18222530 CONTRACTS/EXCHANGE TRN 900099 1532384 1532384 153697321 495081 50091 444990 54433 54433 1069290 543408 525882 525882 525882 70142841 68457286 946999 1685555 -946999 738556 738556 9520 27551 25946 -16426 -16426 OTHER REVENUE 900099 2938528 3076990 -138462 2938528 164938200 138551781 -88371 19969965 53171 53171 51747675 51747675 2249518 646356 1328218 274944 53584293 43808598 7972793 1802902 3785751 3088849 573494 123408 7879429 6648208 975473 255748 4000614 3175234 676122 149258 116096 24143 91192 761 115299 115299 849000 849000 11493020 8023367 3306687 162966 121658 79535 34019 8104 4787009 3166130 1372812 248067 1437823 113154 1324669 3296723 1697570 1599153 3907192 2958924 707938 240330 297484 192641 82741 22102 7803088 4817718 2985370 7344484 5121668 2222816 2320624 1959317 361307 overseas programs 4545562 4545562 LIBRARY BOOKS/MATERIALS 2041627 2041627 Construction Costs 915723 915723 Taxes paid on UBI 988 988 369038 935139 -575070 8969 175062889 144844586 26920744 3297559 6324906 11389430 4545386 4204647 335321 289441 7425780 6693786 2024738 2405361 299192021 122208939 179101934 176983082 153653304 136756064 89769493 85758185 788445 427090 443969307 424907086 15254021 16091230 4312059 4838207 108173971 107610530 18561543 19426698 146301594 147966665 X 98123761 93422510 83061508 66461628 116482444 117056283 297667713 276940421 443969307 424907086 X -10124689 -9945962 -656641 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2562692 X X X X 0 224942839 1383629 -7781303 4570365 8921424 1014097 204039279 224361159 6051675 8503018 4388967 8772978 811068 224942839 211207498 3305908 22797108 3883202 8185529 880624 224361159 182270213 5277987 35518359 3536701 7494044 828316 211207498 204141206 12312337 -21017256 3657013 8579256 929805 182270213 0.18000 0.53000 0.29000 0 0 17865336 17865336 213030706 72535735 140494971 15849885 9401838 6448047 48070722 40271366 7799356 4375372 4375372 176983082 alternative investments 85663867 F reAL ESTATE AND OTHER 94318 C 85758185 SPLIT INTEREST AGREEMENTS 692713 US GOVT GRANTS REFUNDABLE 6174165 interest rate swaps liability 11607304 CAPITAL LEASE PAYABLE 952516 19426698 X 103994368 -9945962 -52652685 -62598647 166593015 -1654815 -1654815 164938200 124721660 459447 459447 124262213 50800676 50800676 175062889 Part III, Line 4: DESCRIPTION OF COLLEGE'S COLLECTIONS - Paintings, sculptures and other works of art for public exhibition and campus beautification; poetry, literary collections, photographs, memorabilia, newspapers, journals, correspondence and research notes held for historical preservation and educational research purposes. Part V, Line 4: INTENDED USE OF COLLEGE'S ENDOWMENT FUNDS - To provide funding for student scholarships and tuition assistance, and to provide financial support and stability for institutional programs. Part X, Line 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FOOTNOTE FROM FINANCIAL STATEMENTS - THE COLLEGE RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED MAY 31, 2016 AND 2015, THE COLLEGE RECOGNIZED NO INTEREST AND PENALTIES. THE COLLEGE HAD NO UNRECOGNIZED TAX BENEFITS AT MAY 31, 2016 AND 2015. THE COLLEGE FILES AN EXEMPT ORGANIZATION INCOME TAX RETURN AND AN UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND UNRELATED BUSINESS INCOME TAX RETURNS IN VARIOUS STATE JURISDICTIONS. Part XI, Line 2d - Other Adjustments: unrealized gain/LOSS on interest rate swaps -894,258. Change in value of split interest agreement -10,752. SCHOLARSHIPS & FELLOWSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -51,747,675. Part XI, Line 4b - Other Adjustments: Rental expenses netted with revenue on 990 -543,408. FUNDRAISING EVENT EXPENSES NETTED WITH REVENUE ON 990 -25,946. UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS -138,462. Realized Loss on Disposal of Fixed Asset -946,999. Part XII, Line 2d - Other Adjustments: Rental expenses netted with revenue on 990 543,408. FUNDRAISING EVENT EXPENSES NETTED WITH REVENUE ON 990 25,946. change in value of split interest agreements -109,907. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS & FELLOWSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 51,747,675. Realized Loss on Disposal of Fixed Asset -946,999. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 LEWIS & CLARK COLLEGE INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY TOWARDS STUDENTS IN ALL DOCUMENTED AND CIRCULATED SOLICITATIONS FOR REGISTRATION. Schedule E, Part I, Line 6 All federal grant operations of Lewis & Clark College are included in an audit of federal awards performed in accordance with U.S. Office of Management and Budget Circular A-133, Compliance Supplement for Audits of Higher Learning, and other non-profit institutions, including Title IV programs, U.S. Department of Education, National Science Foundation, and National Institute of Health. Central America and the Caribbean 0 3 PROGRAM SERVICESPROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 43050 East Asia and the Pacific 0 10 PROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 1106415 Europe (Including Iceland & Greenland) 0 10 PROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 1923535 Middle East and North Africa 0 2 PROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 20 Russia and Neighboring States 0 2 PROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 35817 South America 0 3 PROGRAM SERVICESPROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 395786 South Asia 0 2 PROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 234830 Sub-Saharan Africa 0 3 PROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 493339 Central America and the Caribbean 0 0 INVESTMENTS 58282000 Europe (Including Iceland & Greenland) 0 0 INVESTMENTS 11597000 0 35 0 0 0 35 4232792 69879000 74111792 1 0 1 1 1 0 Part I, line 3: EXPENDITURES REPORTED ARE DETERMINED UNDER THE ACCRUAL METHOD. Schedule F Part IV, Foreign Forms: Some questions regarding ownership of or transfers to foreign entities have been answered yes due to the college's direct and indirect ownership of foreign entities through various alternative investments. Only Forms 926, 8621 and 8865 referenced in Part IV were required to be filed by the college. GOLF TOURNAMENT 37071 27551 9520 2140 1100 11500 6730 4476 37071 27551 9520 2140 1100 11500 6730 4476 25946 -16426 1 Literary Arts Inc 925 SW Washington St Portland OR 97205 930909494 501(c)(3) 10000 Support Literature, writers and readers 1 0 Grants and scholarships for undergraduate students 4312 42218031 Scholarships and fellowships for law school students 661 9235475 Scholarships for graduate school students 128 294169 Part I, Line 2: Assistance is given to individuals in the form of credits toward the cost of tuition, and a record of the assistance provided is recorded in separate accounts maintained for each student/recipient. X X X X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 Barry Glassner PRESIDENT 426681 0 30000 0 0 0 23850 0 13401 0 493932 0 0 0 Hal Abrams VP FOR INSTITUTIONAL ADVANCEMENT 124095 0 0 0 106397 0 19465 0 16039 0 265996 0 0 0 Carl Vance CHIEF INVESTMENT OFFICER 212075 0 10000 0 0 0 19537 0 12345 0 253957 0 0 0 David Ellis VP, SECRETARY AND GENERAL COUNSEL 206391 0 7500 0 0 0 18195 0 1672 0 233758 0 0 0 Jane Atkinson VP AND PROVOST 205962 0 7500 0 0 0 18921 0 12365 0 244748 0 0 0 Jennifer Johnson DEAN OF THE LAW SCHOOL 286910 0 10000 0 0 0 23850 0 2572 0 323332 0 0 0 Earl Fletcher DEAN OF THE GRADUATE SCHOOL 166807 0 5000 0 0 0 15030 0 6610 0 193447 0 0 0 Susan Mandiberg PROFESSOR OF LAW 211978 0 0 0 0 0 18996 0 12384 0 243358 0 0 0 Anna Gonzalez DEAN OF STUDENTS 186263 0 15000 0 0 0 15474 0 1589 0 218326 0 0 0 Nicholas Smith PROFESSOR OF HUMANITIES 188527 0 0 0 0 0 17297 0 12821 0 218645 0 0 0 Lisa Meyer DEAN OF ENROLLMENT AND COMMUNICATION 185980 0 0 0 0 0 16875 0 6783 0 209638 0 0 0 Douglas Newell PROFESSOR OF LAW 180824 0 0 0 0 0 16237 0 7983 0 205044 0 0 0 Julio de Paula FORMER DEAN OF CAS 191040 0 0 0 0 0 17615 0 12931 0 221586 0 0 0 Robert Klonoff FORMER DEAN OF LAW SCHOOL 157459 0 0 0 0 0 14985 0 15815 0 188259 0 0 0 Jane Hunter FORMER INTERIM DEAN OF CAS 136686 0 0 0 0 0 12460 0 12504 0 161650 0 0 0 Part I, Line 1a The college pays membership dues to local social clubs for the President, the Dean of the Law School and the Vice President for institutional Advancement. The benefit is not treated as taxable compensation as there is a bona fide business purpose to membership in these clubs, as the clubs are used for meetings and networking relating to college business. Any meals or other activities which the officer deems to be for his/her own personal use are treated as taxable compensation to him/her. The President of the College travels by first or business class accomodation for flights that are cross country or international. Coach class is used for shorter duration flights. These flights are not considered taxable. Also, expenses are reimbursed to the college President for spousal travel. When such travel is not for bona fide business purposes the reimbursements are treated as taxable compensation. A non-taxable housing benefit is provided to the college President. Part I, Line 4a HAL ABRAMS, VP FOR INSTITUTIONAL ADVANCEMENT, RECEIVED SEVERANCE PAYMENTS IN THE AMOUNT OF $106,397. Part I, Line 7 Annual bonus payments were made to certain officers of the organization. The Board of Trustees Compensation Committee approved the President's bonus, while other bonus payments were approved by the President. The payments were based upon the individual officer's performance and general financial condition of the organization. A STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JNN7 2011-03-01 108610000 Refunding outstanding bonds, finance construction costs of residence hall 0 0 0 A 580000 108104970 1150875 11013218 95450000 2012 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 Date Rebate Computation Performed Issuer Name: STATE OF OREGON - OREGON FACILITIES AUTHORITY Date the Rebate Computation was Performed: 05/31/2016 SCHEDULE K, PART II, PROCEEDS, LINE 3: EXPLANATION FOR DIFFERENCE BETWEEN PART II, LINE 3 AND ISSUE PRICE IN PART I: BOND DISCOUNT $505,030 X 35 452318 SELLING PRICE X miscellaneous 17 13771 COST X EQUIPMENT 3 3819 COST X Supplies 49 2475 COST X MUSICAL INSTRUMENTS 1 120 EXPERT OPINION 0 0 1 1 Part I, Column (b): THE NUMBER REPORTED REPRESENTS THE NUMBER OF CONTRIBUTIONS OF EACH TYPE OF ITEM. Part I, Line 32b: Sales of non-cash contributions (other than publicly traded securities) happen very infrequently, but typically an independent auctioneer or other expert is hired to assist in the sale of items which are of significant value. Form 990, Part VI, Section B, line 11 1. A draft of Form 990 is initially reviewed by the Associate Vice President for Business and Finance (Controller), followed by a secondary review by the Vice President for Business and Finance (Treasurer). 2. The Audit Committee will meet each year prior to the February meeting of the Board of Trustees to review the final draft of Form 990. 3. Two weeks prior to this Audit Committee meeting the Business Office will forward the electronic public version of the Form 990 to the Audit Committee for review. 4. At the Audit committee meeting the committee will receive a numbered printed copy of the Schedule B donors, which will show on the filed version of the Form 990. The committee will review the complete Form 990 and have the ability to ask questions of the administration and the College's auditors. 5. The numbered printed copy of the list of the Schedule B donors will be collected at the end of the Audit Committee meeting. 6. Following the Audit Committee meeting and at least two weeks prior to the February meeting of the Board of Trustees the electronic version of the public Form 990 will be sent to each Trustee. Trustees will have the ability to ask questions regarding Form 990 by email or at the February Board meeting. Form 990, Part VI, Section B, line 12c The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. Annually all members of the Board of Trustees are asked to sign a conflict of interest disclosure statement. If conflicts are disclosed the conflict must be disclosed to the full board, and any trustee with a conflict must be precluded from taking action on items of business for which they may have a conflict. Statements are collected by the secretary to the board annually. Annually each officer of the college is required to review the college's code of ethics, which includes our conflict of interest policy, and acknowledge compliance. Form 990, Part VI, Section B, line 15 The Board of Trustees is an independent board and has a Compensation sub-committee. On an annual basis, the Compensation Committee sets the compensation of the President and reviews the compensation for other senior executives. Compensation adjustments become effective on September 1 of each year. The Compensation Committee reviewed and compared the President's compensation package with peer institutions. Based on that data and their assessment of the President's performance, the Compensation Committee set the President's compensation for the 2015-2016 academic year. This process was completed in September 2015, and the President's compensation adjustment became effective September 1, 2015. The compensation of other senior executives is compared against benchmarks periodically and is reviewed by the Compensation Committee. This process was also completed in September 2015. Form 990, Part VI, Section C, line 18 Form 990 is made available to the public on the college's website and upon request. In lieu of Form 1023, a letter from the IRS dated 6/3/2002 acknowledging the organization's tax exempt status under section 501(C)(3) of the Internal Revenue Code is made available to the public on the organization's website. Form 990, Part VI, Section C, line 19 Governing documents (corporate by-laws) and the audited financial statements are made available to the public on the organization's website. The conflict of interest policy is made available to the public upon request. Form 990, Part XI, line 9: Change in value of split interest agreement -894,258. unrealized gain/LOSS on interest rate swaps 99,155. UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS 138,462. CHARITABLE REMAINDER TRUSTS (9) CHARITABLE REMAINDER TRUST OR LEWIS & CLARK COLLEGE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0