2017-05-08T15:30:30-05:00 2016-06-30 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2015-07-01 231352683 SWARTHMORE COLLEGE % ALICE TURBIVILLE SWAR 6103288676 500 COLLEGE AVENUE SWARTHMORE PA 19081 GREGORY N BROWN VP FIN, ADM & TREAS 6109576040 2017-05-08 true ANTONIO C RUSSO TAX DIREC P00858539 2673303000 2017-05-08 2015 2021-01-29 14:40:06Z GREGORY N BROWN 500 COLLEGE AVENUE SWARTHMORE PA 19081 1033563113 false X www.swarthmore.edu X 1864 PA SEE ATTACHMENT 1 38 38 2627 1587 -825315 -2267357 17133000 22091000 89149000 94355000 84011570 77988488 5160631 7197528 195454201 201632016 28062000 34532000 0 0 80875639 83698698 68710 81701 5083709 59736380 69728959 168742729 188041358 26711472 13590658 2326885000 2278885000 293757000 347224000 2033128000 1931661000 X SWARTHMORE COLLEGE IS AN INSTITUTION DEDICATED TO THE FINEST UNDERGRADUATE EDUCATION, COMMITTED TO MAKING A SIGNIFICANT INTELLECTUAL CONTRIBUTION, AND RESOLVED TO BE A MICROCOSM OF, AND PREPARE LEADERSHIP FOR A MORE JUST WORLD. OUR MISSION IS TO PROVIDE AN EDUCATIONAL EXPERIENCE THAT HAS AT ITS CORE A COMMITMENT BOTH TO INTELLECTUAL VIGOR AND TO THE RESPONSIBILITY TO USE THAT VIGOR TO ADVANCE THE CONDITIONS OF HUMANITY. THE COLLEGE SEEKS TO DO THIS THROUGH AN EXCEPTIONAL ACADEMIC PROGRAM AND SUPPORTED BY PURPOSEFUL EXPERIENCES OUTSIDE OF THE CLASS ROOM. CENTRAL TO THE COLLEGE'S MISSION IS RECOGNITION OF THE FACT THAT STUDENT LEARN BOTH INSIDE AND OUTSIDE THE CLASSROOM. false false 144365611 34532000 94355000 Swarthmore is a co-educational College of Liberal Arts and Engineering. The average enrollment for fiscal year 2015-16 was 1,581. There were 128 students studying abroad. Of the total student population, 1,366 come from across the United States while 215 come from various foreign nations. The College strives to make it possible for all admitted students to attend Swarthmore, regardless of their financial circumstances and to enable them to complete their education if financial reversals take place. Approximately 53% of the student body received financial aid from the College in fiscal year ending June 30, 2016. The College is committed to meeting all demonstrated financial need through scholarship and student employment. Demonstrated need is assessed by careful review of families' financial circumstances. Swarthmore College is committed to the principle of equal opportunity for all qualified persons, without discrimination against any person by reason of sex, race, color, age, religion, national origin, handicap, or sexual orientation. This policy is consistent with relevant governmental statues and regulations, including those pursuant to Title IX of the federal Education Amendments of 1972 and Section 504 of the Federal Rehabilitation Act of 1973. 144365611 true true false false false false false true false true true true false false true true false true true false true false false true false false false false true true true true true true false false true false false false false true true false false true true true true false false true 2264 0 true 2627 true true true false false false false false false false false false X 38 38 true false false false false false false true true false false true true true true true true true true true false PA X ALICE TURBIVILLE 6109576040 500 COLLEGE AVENUE SWARTHMORE PA 19081 X KARIM ABDEL-MOTAAL TRUSTEE 2.0 0.0 X 0 0 0 RICHARD A BARASCH TRUSTEE 4.0 0.0 X 0 0 0 WILLIAM BOULDING TRUSTEE 2.0 0.0 X 0 0 0 RHONDA RESNICK COHEN TRUSTEE 4.0 0.0 X 0 0 0 JANET SMITH DICKERSON TRUSTEE 4.0 0.0 X 0 0 0 DELVIN DINKINS TRUSTEE 4.0 0.0 X 0 0 0 ELIZABETH ECONOMY TRUSTEE 2.0 0.0 X 0 0 0 JANET ERLICK TRUSTEE/EX OFFICIO BOARD MEMBE 2.0 0.0 X 0 0 0 DAVID GELBER TRUSTEE 2.0 0.0 X 0 0 0 JAMES E GREGORY TRUSTEE 2.0 0.0 X 0 0 0 THOMAS WT HARTNETT TRUSTEE 4.0 0.0 X 0 0 0 MARILYN HOLIFIELD TRUSTEE 4.0 0.0 X 0 0 0 JAMES C HORMEL TRUSTEE 2.0 0.0 X 0 0 0 S LESLIE JEWETT TRUSTEE 2.0 0.0 X 0 0 0 JAKY JOSEPH TRUSTEE 2.0 0.0 X 0 0 0 HAROLD KALKSTEIN TRUSTEE 4.0 0.0 X 0 0 0 GILES K KEMP TRUSTEE 4.0 0.0 X 0 0 0 JANE LANG TRUSTEE 2.0 0.0 X 0 0 0 BENNETT LORBER TRUSTEE 4.0 0.0 X 0 0 0 JAMES LOVELACE TRUSTEE 4.0 0.0 X 0 0 0 BARBARA W MATHER TRUSTEE 2.0 0.0 X 0 0 0 DANIELLE MOSS TRUSTEE 2.0 0.0 X 0 0 0 CHRISTOPHER M NIEMCZEWSKI TRUSTEE 4.0 0.0 X 0 0 0 NICOLE O'DELL ODIM TRUSTEE 2.0 0.0 X 0 0 0 SIBELLA CLARK PEDDER TRUSTEE 2.0 0.0 X 0 0 0 CATHRYN POLINSKY TRUSTEE 2.0 0.0 X 0 0 0 ANN REICHELDERFER TRUSTEE 4.0 0.0 X 0 0 0 ELIZABETH H SCHEUER TRUSTEE 2.0 0.0 X 0 0 0 GUSTAVO SCHWED TRUSTEE 4.0 0.0 X 0 0 0 JUNE R SCOTT TRUSTEE 2.0 0.0 X 0 0 0 ROBIN M SHAPIRO TRUSTEE 2.0 0.0 X 0 0 0 SALEM D SHUCHMAN VICE-CHAIR 4.0 0.0 X X 0 0 0 DAVID W SINGLETON TRUSTEE 4.0 0.0 X 0 0 0 THOMAS E SPOCK CHAIR 6.0 0.0 X X 0 0 0 SUJATHA SRINIVASAN TRUSTEE 4.0 0.0 X 0 0 0 ROBERT STEELMAN TRUSTEE 2.0 0.0 X 0 0 0 DAVIA TEMIN TRUSTEE 2.0 0.0 X 0 0 0 JOSEPH L TURNER TRUSTEE 4.0 0.0 X 0 0 0 RUTH SHOEMAKER WOOD TRUSTEE 4.0 0.0 X 0 0 0 JULIE LANGE HALL EMERITA TRUSTEE 2.0 0.0 X 0 0 0 SAMUEL L HAYES III EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 EUGENE M LANG EMERITUS CHAIR 2.0 0.0 X 0 0 0 ELIZABETH J McCORMACK EMERITA TRUSTEE 2.0 0.0 X 0 0 0 MARGE PEARLMAN SCHEUER EMERITA TRUSTEE 2.0 0.0 X 0 0 0 J LAWRENCE SHANE EMERITUS TRUSTEE 2.0 0.0 X 0 0 0 VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 40.0 0.0 X X 273999 0 165688 MARK C AMSTUTZ CHIEF INVESTMENT OFFICER 40.0 0.0 X 271215 0 43710 JAMES L BOCK III DEAN OF ADMISSIONS & FIN. AID 40.0 0.0 X 215853 0 40379 H ELIZABETH BRAUN DEAN OF STUDENTS 40.0 0.0 X 194393 0 79904 GREGORY N BROWN VP FIN & ADMIN, TREASURER 40.0 0.0 X 326963 0 43096 KARL W CLAUSS VP DEVELOPMENT & ALUMNI REL. 40.0 0.0 X 266241 0 88407 MAURICE G ELDRIDGE VP COLLEGE & COMMUNITY REL. 40.0 0.0 X 197000 0 26630 C STUART HAIN VP FACILITIES & SERVICES 40.0 0.0 X 219388 0 22754 LORI ANN JOHNSON ASSISTANT TREASURER 40.0 0.0 X 109963 0 18711 NANCY NOWICKI NICELY SECRETARY & VP FOR COMMUNICATI 40.0 0.0 X 225222 0 41571 EILEEN E PETULA TREASURER & ASSOC VP FOR FIN. 40.0 0.0 X 181393 0 35624 PAMELA PRESCOD-CAESAR VP HUMAN RESOURCES 40.0 0.0 X 188041 0 37771 THOMAS STEPHENSON PROVOST 40.0 0.0 X 251273 0 96677 CHARLES GRINSTEAD PROFESSOR 40.0 0.0 X 454186 0 16792 SUSAN DAVIS PROFESSOR 40.0 0.0 X 379971 0 15022 NELSON MACKEN PROFESSOR 40.0 0.0 X 225239 0 36394 ALLEN SCHNEIDER PROFESSOR 40.0 0.0 X 218134 0 37505 ARTHUR MCGARITY PROFESSOR 40.0 0.0 X 201988 0 32661 CONSTANCE HUNGERFORD FORMER PRESIDENT 40.0 0.0 X 297365 0 39522 4697827 0 918818 164 true true false WS CUMBY SON INC 938 LINCOLN AVENUE SPRINGFIELD PA 19064 Building Services 14428870 CTC CONSTRUCTION MANAGEMENT INC PO BOX 256 MECHANICSVILLE PA 18934 Building Services 2111310 CVMNEXT CONSTRUCTION 1002 WEST 9TH AVENUE KING OF PRUSSIA PA 19409 Building Services 1494431 Hamilton Lane Advisors LLC One Belmont Avenue - Suite 900 BALA CYNWYD PA 19004 Investment Advisors 1323700 Ballinger Company 833 CHESTNUT STREET PHILADELPHIA PA 19107 Building Services 1315674 46 2270000 19821000 3114492 22091000 TUITION & FEES 611310 74754000 74754000 ROOM & BOARD 611310 19601000 19601000 94355000 81193896 81193896 67889 67889 105509 105509 1596423 1355642 240781 0 240781 240781 827302158 828717500 1857955 -1415342 -1857955 -3273297 -1857955 -1415342 0 0 0 SUMMER PROGRAMS 713990 354963 354963 INN AT SWARTHMORE (INN & RESTAURANT) 721110 521920 521920 RENTAL INCOME (FROM DEBT FINANCED PROPERTY) 531120 155757 155757 5818598 5818598 6851238 201632016 94355000 -825315 86011331 0 34532000 34532000 0 0 3487004 1213943 1957327 315734 0 60702977 47986009 10544930 2172038 5145812 3985086 954885 205841 9950460 7264696 2383589 302175 4412445 3386378 857303 168764 0 469004 469004 185464 185464 0 81701 81701 6779000 6779000 5978692 3021542 2534295 422855 271190 100193 170997 5850065 4363110 1380383 106572 6786561 3727323 2929135 130103 0 2069398 1597571 410284 61543 3288760 2354357 628493 305910 0 2014308 1365832 567275 81201 8682531 6669765 1732039 280727 0 8632920 6647348 1726584 258988 1089298 1089298 EQUIP PURCH, RENTAL & MAINT 5187751 3024917 2103827 59007 FOREIGN STUDIES 3081863 3081863 ANNUITY PAYMENTS 1776014 1776014 BOOKSTORE RELATED 700784 700784 6885356 6477582 277224 130550 188041358 144365611 38592038 5083709 22161000 42811000 0 0 25968000 21258000 1776000 3224000 1235333 1178195 0 0 12365667 11401805 722564 653743 2761436 3814257 443968000 144090000 276503000 299878000 938715000 809214000 1036626000 1026964000 0 0 0 0 8051000 58488000 2326885000 2278885000 22103000 19235000 0 0 2415000 1594000 210257000 262442000 0 0 0 0 0 0 0 0 58982000 63953000 293757000 347224000 X 795869000 782732000 1034686000 939250000 202573000 209679000 2033128000 1931661000 2326885000 2278885000 X 13590658 -117400658 6779000 -4436000 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4671000 X X X false 1845799000 9830000 -26573000 16857000 58458000 6779000 1746962000 1876669000 8063000 50581000 13897000 69410000 6207000 1845799000 1634685000 10121000 293055000 13225000 41993000 5974000 1876669000 1498775000 10742000 181752000 12432000 38474000 5678000 1634685000 1508483000 6662000 36458000 11458000 36868000 4502000 1498775000 0.38000 0.57000 0.05000 false false 5757000 5757000 413102000 124972000 288130000 20438000 19118000 1320000 4671000 4671000 299878000 FIXED INCOME 41929000 F PUBLIC EQUITY 269210000 F REAL ASSETS 172523000 F PRIVATE EQUITY 307207000 F MARKETABLE ALTERNATIVES 234253000 F OTHER 1842000 F 1026964000 0 EMPLOYEE AND FORMER EMPLOYEES 5121000 CONDITIONAL GIFT LIABILITY 24759000 DONORS 16282000 POSTRETIREMENT HEALTH BENEFIT 16730000 CONDITIONAL ASSET RETIRMNT OBL 1061000 63953000 X 46619000 -110621658 -110621658 157240658 6779000 37612358 44391358 201632016 148086000 148086000 6779000 33176358 39955358 188041358 SCHEDULE D, PART III, LINE 4 DESCRIPTION OF COLLECTIONS THE COLLEGE MAINTAINS A SMALL PERMANENT COLLECTION OF ART THAT IS USED IN TEACHING (E.G., COURSES IN STUDIO ART AND ART HISTORY) AND PROVIDES STUDENTS WITH RESEARCH OPPORTUNITIES. ---------------------- SCHEDULE D, PART V, LINE 4 USE OF ENDOWMENT FUNDS BESIDES SCHOLARSHIPS, THE SWARTHMORE COLLEGE ENDOWMENT PROIVIDES FUNDING FOR A VARIETY OF PROGRAMS INCLUDING PROFESSORSHIPS, FACULTY AND STUDENT RESEARCH, LIBRARY AND ACADEMIC SUPPORT, AWARDS AND PRIZES, COMMUNITY SERVICE, FACILITIES AND GROUNDS, DEBT SERVICE AND CAPITAL PROJECTS, AS WELL AS GENERAL BUDGET SUPPORT. ------------------- SCHEDULE D, PART X, LINE 2 TEXT OF FIN 48 (ASC 740) FOOTNOTE THE FOLLOWING IS THE TEXT OF THE FIN 48 (ASC 740) FOOTNOTE FROM THE CONSOLIDATED JUNE 30, 2016 SWARTHMORE COLLEGE AUDITED FINANCIAL STATEMENTS: THE COLLEGE IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS. NO ADJUSTMENTS TO THE FINANCIAL STATEMENTS HAVE RESULTED FROM UNCERTAIN TAX POSITIONS. THE COLLEGE CONTINUALLY MONITORS AND EVALUATES ITS ACTIVITIES FOR UNRELATED BUSINESS INCOME ACTIVITY. -------------------- SCHEDULE D, PART XII, LINE 4B DETAIL OF OTHER CHANGES COSTS OF RENTAL HOUSING $(1,355,642) CHANGE IN PRESENT VALUE OF LIFE INCOME FUNDS 4,436,000 STUDENT AID 34,532,000 ______________ TOTAL $37,612,358 --------------------- SCHEDULE D, PART XII, LINE 4B DETAIL OF OTHER CHANGES COSTS OF RENTAL HOUSING $(1,355,642) STUDENT AID 34,532,000 ____________ TOTAL $33,176,358 -------------------- true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY SWARTHMORE COLLEGE'S NON-DISCRIMINATORY POLICY IS INCLUDED IN ALL PRINTED AND BROADCAST ADVERTISING, AS WELL AS IN COLLEGE CATALOGS. SUCH POLICY IS ALSO AVAILABLE IN PRINT IN VARIOUS LOCATIONS ON CAMPUS. -------------------- SCHEDULE E, LINE 6A DESCRIPTION OF FINANCIAL AID/ASSISTANCE FROM GOV'T AGENCY SWARTHMORE COLLEGE PARTICIPATES IN FIVE FEDERAL STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, FEDERAL PERKINS LOAN AND FEDERAL STAFFORD LOAN PROGRAMS. THE COLLEGE ALSO PARTICIPATES IN THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) STUDENT GRANT PROGRAM. THE ONLY DIRECT FINANCIAL ASSISTANCE RECEIVED BY THE COLLEGE FROM A GOVERNMENTAL AGENCY IS THE PHEAA INSTITUTIONAL ASSISTANCE GRANT. -------------------- East Asia and the Pacific Program Services Study Abroad 127097 Europe (Including Iceland and Greenland) Program Services Study Abroad 901026 Middle East and North Africa Program Services Study Abroad 5819 North America Program Services Study Abroad 5598 Central America and the Caribbean Investments N/A 168016430 Europe (Including Iceland and Greenland) Investments N/A 47623335 Middle East and North Africa Investments N/A 25000 North America Investments N/A 396846 217101151 217101151 true false false true true false X X X X X X true MARTS LUNDY 1200 WALL ST LYNDHU GENERAL CONSULTING false 19204339 71620 19132719 VALERIE M JONES ASSOCIATES 210 IDL GENERAL CONSULTING false 616661 10081 606580 19821000 81701 19739299 All States true SWARTHMORE COLLEGE FUNDS/SCHOLARSHIPS 823 34532000 N/A N/A SCHEDULE I, PART I PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ALL SWARTHMORE COLLEGE SCHOLARSHIPS ARE DISBURSED/POSTED ELECTRONICALLY (AND INTERNALLY) DIRECTLY TO THE STUDENTS ACCOUNT. FURTHERMORE, STUDENTS RECEIVING SAID FUNDS ARE UNABLE TO WITHDRAWAL IT FROM THEIR STUDENT ACCOUNT. X X X X X true true X X X X X false false false false false false false false false MARK C AMSTUTZ CHIEF INVESTMENT OFFICER 271215 0 0 0 0 0 26050 0 17660 0 314925 0 0 0 JAMES L BOCK III DEAN OF ADMISSIONS & FIN. AID 215853 0 0 0 0 0 21452 0 18927 0 256232 0 0 0 H ELIZABETH BRAUN DEAN OF STUDENTS 194393 0 0 0 0 0 19771 0 60133 0 274297 0 0 0 GREGORY N BROWN VP FIN & ADMIN, TREASURER 326963 0 0 0 0 0 25431 0 17665 0 370059 0 0 0 KARL W CLAUSS VP DEVELOPMENT & ALUMNI REL. 266241 0 0 0 0 0 28118 0 60289 0 354648 0 0 0 MAURICE G ELDRIDGE VP COLLEGE & COMMUNITY REL. 197000 0 0 0 0 0 19736 0 6894 0 223630 0 0 0 C STUART HAIN VP FACILITIES & SERVICES 219388 0 0 0 0 0 21834 0 920 0 242142 0 0 0 NANCY NOWICKI NICELY SECRETARY & VP FOR COMMUNICATI 225222 0 0 0 0 0 22615 0 18956 0 266793 0 0 0 EILEEN E PETULA TREASURER & ASSOC VP FOR FIN. 181393 0 0 0 0 0 18234 0 17390 0 217017 0 0 0 PAMELA PRESCOD-CAESAR VP HUMAN RESOURCES 188041 0 0 0 0 0 18908 0 18863 0 225812 0 0 0 VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 273999 0 0 0 0 0 113634 0 52054 0 439687 0 0 0 THOMAS STEPHENSON PROVOST 251273 0 0 0 0 0 68441 0 28236 0 347950 0 0 0 CONSTANCE HUNGERFORD FORMER PRESIDENT 297365 0 0 0 0 0 24066 0 15456 0 336887 0 0 0 CHARLES GRINSTEAD PROFESSOR 103483 0 0 0 350703 0 10420 0 6372 0 470978 0 0 0 SUSAN DAVIS PROFESSOR 98234 0 0 0 281737 0 9867 0 5155 0 394993 0 0 0 NELSON MACKEN PROFESSOR 225239 0 0 0 0 0 20997 0 15397 0 261633 0 0 0 ALLEN SCHNEIDER PROFESSOR 218134 0 0 0 0 0 22323 0 15182 0 255639 0 0 0 ARTHUR MCGARITY PROFESSOR 201988 0 0 0 0 0 17327 0 15334 0 234649 0 0 0 SCHEDULE J, LINE 1A DETAIL OF ADDITIONAL BENEFITS PROVIDED FIRST CLASS TRAVEL IN GENERAL, IT IS SWARTHMORE COLLEGE'S (THE "COLLEGE") POLICY THAT FIRST CLASS TRAVEL IS NOT AUTHORIZED FOR COLLEGE EMPLOYEES TRAVELING ON COLLEGE BUSINESS. HOWEVER, IN RECOGNITION THAT THE PRESIDENT TYPICALLY WORKS DURING FLIGHTS, ATTENDS DIRECTLY TO BUSINESS UPON ARRIVAL, AND CANNOT SCHEDULE IN TIME FOR ADEQUATE REST, THE BOARD OF MANAGERS HAS APPROVED THE USE OF FIRST CLASS TRAVEL FOR THE PRESIDENT ON DOMESTIC AND INTERNATIONAL FLIGHTS OVER THREE HOURS IN LENGTH. THIS POLICY EXTENDS TO THE PRESIDENT'S SPOUSE WHEN HE OR SHE ACCOMPANIES THE PRESIDENT ON BUSINESS TRAVEL. FOR ALL OTHER EMPLOYEES (FACULTY AND STAFF), FIRST CLASS TRAVEL MUST BE PRE-APPROVED BY THE PRESIDENT OR HIS/HER DESIGNATE. TRAVEL FOR COMPANIONS IN CERTAIN AUTHORIZED CIRCUMSTANCES THE COLLEGE WILL PAY, OR WILL REIMBURSE, FOR THE TRAVEL, MEALS AND EXPENSES OF THE SPOUSE/PARTNER OF AN EMPLOYEE UNDER THE COLLEGE'S ACCOUNTABLE PLAN. REIMBURSEMENTS ARE CONSIDERED TAXABLE INCOME TO THE EMPLOYEE UNLESS THE COMPANION TRAVEL IS: 1) FOR A BONA FIDE BUSINESS PURPOSE, 2) DIRECTLY BENEFITS THE COLLEGE, AND 3) IS PROPERLY DOCUMENTED AND APPROVED. ANY SPOUSE/PARTNER TRAVEL OTHER THAN THE PRESIDENT MUST BE APPROVED, IN ADVANCE, BY THE PRESIDENT OR HIS/HER DESIGNATE. TAX GROSS-UP PAYMENTS RETIREMENT PAYMENTS TO EMPLOYEES MAY INCLUDE A GROSS-UP FOR A PORTION OF THE BENEFITS PAID. RESIDENCE REQUIREMENT AS A CONDITION OF EMPLOYMENT, THE PRESIDENT, THE DEAN OF STUDENTS, AND THE VICE-PRESIDENT DEVELOPMENT & ALUMNI RELATIONS MAINTAINED THEIR FULL TIME RESIDENCE IN COLLEGE-PROVIDED HOUSING AND USED SUCH RESIDENCES FOR COLLEGE BUSINESS AND ENTERTAINMENT PURPOSES. SOCIAL CLUB DUES MEMBERSHIP DUES WERE PROVIDED TO TWO NEW YORK UNIVERSITY CLUBS TO BE USED FOR BUSINESS PURPOSES (ENTERTAINMENT / TRAVEL). -------------------- SCHEDULE J, PART II ADDITIONAL INFORMATION ALL DEFERRED COMPENSATION FIGURES REPORTED ON PART II, COLUMN C, INCLUDE EMPLOYER CONTRIBUTIONS TO A QUALIFIED RETIREMENT PLAN. H. ELIZABETH BRAUN - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. KARL W. CLAUSS - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. KARL W. CLAUSS - DEFERRED COMPENSATION ALSO INCLUDES A RETENTION BONUS PER EMPLOYEMENT AGREEMENT. VALERIE SMITH - OTHER COMPENSATION FIGURE IS A RESULT OF THE PAYMENT OF ACCRUED LEAVE COMPENSATION AND BENEFITS. VALERIE SMITH - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. THOMAS STEPHENSON - DEFERRED COMPENSATION ALSO INCLUDES OF ACCRUED LEAVE COMPENSATION AND BENEFITS. CHARLES GRINSTEAD - OTHER REPORTABLE COMPENSATION FIGURE WAS AN EARLY RETIREMENT PAYMENT. SUSAN DAVIS - OTHER REPORTABLE COMPENSATION FIGURE WAS AN EARLY RETIREMENT PAYMENT. A SWARTHMORE COLLEGE BOROUGH AUTHORITY 232243929 870000FJ0 2006-12-20 79638446 REFUNDING PRIOR BONDS- SEE PART VI false false false B SWARTHMORE COLLEGE BOROUGH AUTHORITY 232243929 870000GN0 2011-06-29 30383328 REFUNDING PRIOR BONDS- SEE PART VI false false false C SWARTHMORE COLLEGE BOROUGH AUTHORITY 232243929 870000GY6 2011-12-21 17177979 VAR. CAPITAL PROJECTS- SEE PART VI false false false D SWARTHMORE COLLEGE BOROUGH AUTHORITY 232243929 870000JG2 2013-07-31 52616042 VAR. CAPITAL PROJECTS- SEE PART VI false false false A 3405446 0 81110700 0 0 0 656894 0 0 0 80453806 0 2006 false true true true B 2523328 0 30397801 0 0 0 330328 0 0 0 30067473 0 2011 true false true true C 2456979 0 17594907 0 0 0 137349 0 0 17457558 0 0 2014 false false true true D 4774042 0 52624169 0 0 0 353591 0 0 18385578 33885000 0 2016 true false false true A 0 B 0 C false false false false 0 0.00120 0.00120 false false false true D false false false false 0 0.01180 0.01180 false false false true A false false false true false false 0 false false false 0 false true B false false false true false false 0 false false false 0 false true C false false false true false false 0 false false false 0 false true D false false false true false false 0 false false false 0 false true A true B true C true D true SCHEDULE K, PART I, COLUMN (F) DESCRIPTION OF PURPOSE FOR BONDS ISSUED PART I, LINE A: THE PROCEEDS OF THE BONDS ISSUED ON 12/20/2006 WERE USED TO ADVANCE REFUND A PORTION OF THE SWARTHMORE COLLEGE REVENUE BONDS, SERIES OF 1998, ISSUED ON 7/1/98, TO ADVANCE REFUND A PORTION OF THE SWARTHMORE COLLEGE REVENUE BONDS, SERIES OF 2001, ISSUED ON 7/25/01, AND TO FUND THE COSTS OF ISSUING THE 2006A BONDS. PART I, LINE B: THE PROCEEDS OF THE BONDS ISSUED ON 6/29/2011 WERE USED TO REFUND THE SWARTHMORE COLLEGE REVENUE BONDS, SERIES 2001, ISSUED ON 7/25/2001, AND TO FUND THE COSTS OF ISSUING THE 2011 BONDS. PART I, LINE C: THE PROCEEDS OF THE BONDS ISSUED ON 12/21/2011 WILL BE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECT AND TO FUND THE COST OF ISSUING THE 2011B BONDS. PART I, LINE D: THE PROCEEDS OF THE BONDS ISSUED ON 7/21/2013 WERE USED TO REFUND THE SWARTHMORE COLLEGE REVENUE BONDS, SERIES 2008 ISSUED ON 4/30/2008 AND SERIES 2009 ISSUED ON 7/29/2009, USED FOR VARIOUS TAX EXEMPT CAPITAL PROJECTS AND TO FUND THE COSTS OF ISSUING THE 2013 BONDS. PART I, LINE E: THE PROCEEDS OF THE BONDS ISSUED ON 07/14/2015 WILL BE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2015 BONDS. -------------------- SCHEDULE K, PART II, LINE 3 DETAIL OF TOTAL PROCEEDS FROM ISSUE THE TOTAL PROCEEDS OF ISSUE REPORTED FOR EACH BOND LISTED INCLUDES INVESTMENT EARNINGS. FOR THE 2006B SERIES (ISSUED 12/20/2006) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: 1,472,254 FOR THE 2011 SERIES (ISSUED 06/29/2011) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: 14,473 FOR THE 2011B SERIES (ISSUED 12/21/2011) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: 416,928 FOR THE 2013 SERIES (ISSUED 07/31/2013) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: 8,127 FOR THE 2015 SERIES (ISSUED 07/14/2015) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: 50,609 -------------------- SCHEDULE K, PART II, LINE 13 YEAR OF SUBSTANTIAL COMPLETION THE 07/30/2015 BONDS (COLUMNS E) HAVE NOT YET MET THE DEFINITION OF SUBSTANTIAL COMPLETION. AS A RESULT, NO YEAR HAS BEEN ENTERED. -------------------- SCHEDULE K, PART IV, LINE 2C DATE THE REBATE COMPUTATION WAS PERFORMED COLUMN A: 09/30/2011 COLUMN B: 06/28/2012 COLUMN C: 12/20/2014 COLUMN D: 07/30/2016 COLUMN E: 09/15/2016 -------------------- A SWARTHMORE BOROUGH AUTHORITY 232243929 870000KJ4 2015-07-14 59996832 SWARTHMORE BOROUGH AUTHORITY false false false A 255832 0 60047441 0 0 0 348937 0 0 5299585 0 54398919 false false false true A false false false 0 false false false true A false true false true false false 0 false false false 0 false true A James L Bock III Officer MORTGAGE X 340000 219658 false true true Gregory N Brown Officer MORTGAGE X 410000 389620 false true true Maurice G Eldridge Officer MORTGAGE X 197022 68504 false true true Pamela Prescod-Caesar Officer MORTGAGE X 315500 305247 false true true Thomas Stephenson Officer MORTGAGE X 328000 195166 false true true 1178195 X 103 3114492 Fair Market Value false true false SCHEDULE M, PART I, LINE 32 USE OF THIRD PARTIES SWARTHMORE COLLEGE MAINTAINS ACCOUNTS AT SEVERAL BROKERAGE FIRMS TO FACILITATE THE SALE OF ANY NON-CASH CONTRIBUTIONS IT MAY RECEIVE. --------------- SCHEDULE M, PART I, COLUMN (B) INFORMATION REGARDING NUMBER OF CONTRIBUTIONS SWARTHMORE COLLEGE IS REPORTING THE AGGREGATE NUMBER OF CONTRIBUTIONS RECEIVED OF SCHEDULE M, PART I, COLUMN B (NOT THE NUMBER OF ITEMS RECEIVED). FORM 990, PART VI, LINE 2 FAMILY OR BUSINESS RELATIONSHIPS EUGENE M. LANG, EMERITUS CHAIR AND JANE LANG, TRUSTEE, HAVE A FAMILY RELATIONSHIP. MARGE PEARLMAN SCHEUER, EMERITA TRUSTEE, AND ELIZABETH H. SCHEUER, TRUSTEE, HAVE A FAMILY RELATIONSHIP. -------------------- FORM 990, PART VI, LINE 11 AND 11A FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED INTERNALLY BY SWARTHMORE COLLEGE. IT IS REVIEWED BY THE APPROPRIATE SENIOR MANAGEMENT AND A NATIONALLY RECONIZED ACCOUNTING FIRM. BEFORE THE FORM 990 IS FILED, IT IS PROVIDED TO THE AUDIT AND RISK MANAGEMENT COMMITTEE, THE FINANCE COMMITTEE, AND ALL BOARD MEMBERS FOR THEIR REVIEW. -------------------- FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY SWARTHMORE COLLEGE HAS TWO CONFLICT OF INTEREST POLICIES--ONE FOR ITS BOARD MEMBERS AND ONE FOR EMPLOYEES. EACH YEAR ALL MEMBERS OF THE BOARD RECEIVE A SURVEY REMINDING THEM OF THE POLICY AND REQUESTING DISCLOSURE OF BUSINESS AN CHARITABLE AFFILIATIONS, TRANSACTIONS WITH THE COLLEGE, AND ANY POSSIBLE CONFLICTS. LIKEWISE, ALL SUPERVISORY STAFF OF THE COLLEGE RECIEVES A SURVEY REMINDING THEM OF THE EMPLOYEE CONFLICT OF INTEREST POLICY AND ASKING THEM FOR OTHER BUSINESS AND CHARITABLE AFFILIATIONS, TRANSACTIONS WITH THE COLLEGE, AND ANY POSSIBLE CONFLICTS FOR THEMSELVES OR ANY MEMBER OF THE STAFF REPORTING TO THEM. THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF MANAGERS RECEIVES A SUMMARY OF ALL RESPONSES AND ADDRESSES POSSIBLE CONFLICTS WHICH ARISE. -------------------- FORM 990, PART VI, LINE 15B PROCESS FOR DETERMINING OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE COMPENSATION THE COMPENSATION COMMITTEE OF THE BOARD OF MANAGERS REVIEWS AND APPROVES THE COMPENSATION FOR COMPENSATED OFFICERS, DIRECTORS, AND KEY EMPLOYEES, INCLUDING THE PRESIDENT. THE COMMITTEE REVIEWS COMPARATIVE DATA OBTAINED FROM AN INDEPENDENT CONSULTANT, CONSULTS WITH THE PRESIDENT REGARDING THE PERFORMANCE OF EACH OFFICER, DIRECTOR AND KEY EMPLOYEE THAT REPORTS TO THE PRESIDENT AND SETS THE COMPENSATION FOR EACH OF THEM. THE COMPENSATION COMMITTEE SEPARATELY REVIEWS THE PERFORMANCE OF THE PRESIDENT AND USES COMPARATIVE DATA TO DETERMINE THE PRESIDENT'S COMPENSATION FOR THE SUBSEQUENT YEAR. THIS PROCESS IS COMPLETED ANNUALLY. -------------------- FORM 990, PART VI, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. THE COLLEGE MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE VIA THE COLLEGE'S WEBSITE. THE COLLEGE MAKES ITS FINANCIAL STATEMENTS AVAILABLE VIA THE COLLEGE'S WEBSITE. -------------------- FORM 990, PART XI, LINE 9 DETAIL OF OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGE IN PRESENT VALUE OF LIFE INCOME FUNDS: (1,763,000) CHANGE IN OTHER POST RETIREMENT BENEFITS: (2,673,000) ____________ (4,436,000) -------------------- PARRISH LLC 500 COLLEGE AVE SWARTHMORE PA 19081 460563007 INN/RESTAURNT PA 601164 -724149 SWARTHMORE MARJAY PRODUCTIONS INC 1007 ORANGE STREET SUITE 1410 WILMINGTON DE 19801 131952572 LITERARY WORK DE NA C CORPORATION 108293 50409 1.00000 true CHARITABLE REMAINDER ANNUITY TRUSTS N/A PA NA TRUST CHARITABLE REMAINDER UNITRUSTS CRUTs - 32 SWARTHMORE PA 19081 N/A PA NA TRUST NET INC CHARITABLE REMAINDER UNITRUSTs N/A PA NA TRUST true false false false false false false false false false false false false false false false false false Marjay Productions Inc A 80000 PER ESTATE DOC.