2016-05-09T12:16:08-07:00 2015-06-30 990 2014-07-01 381358014 KALAMAZOO COLLEGE KALA 2693377000 1200 Academy St Kalamazoo MI 49006 James E Prince Vice President 2693377225 2016-05-10 2014 2016-08-17 19:52:53Z Eileen B Wilson-Oyelaran 1200 Academy St Kalamazoo MI 49006 118297614 0 X www.kzoo.edu X 1833 MI The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. 36 35 1617 1200 115921 43078 9157268 13027691 65504917 67682582 7593896 9171988 463154 514181 82719235 90396442 31147465 33297386 0 0 33315163 31007307 87606 82783 3253647 21186043 20869563 85736277 85257039 -3017042 5139403 350588487 346355624 69426593 66958216 281161894 279397408 The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. As a highly selective, nationally renowned and internationally oriented four-year college of arts and sciences, Kalamazoo College has developed a tradition of excellence in the fulfillment of this mission. 0 0 76708286 33297386 67682582 Higher Education: The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. As a highly selective, nationally renowned. and internationally oriented four-year college of arts and sciences, Kalamazoo College has developed a tradition of excellence in the fulfillment of this mission. College enrollment for the fall quarter of 2014 was 1,461 students. 0 0 0 76708286 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 231 0 1 1617 1 1 1 1 FR GM KE SP 0 0 0 1 1 0 0 0 0 X 36 35 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO KY MA MD MI NH NY OH OK OR SC WA X Catherine Bonnes 2693377228 1200 Academy Street Kalamazoo MI 49006 Charlotte H Hall Chair 2 0 X 0 0 0 James A Clayton Vice Chair 2 0 X 0 0 0 S Si Johnson Vice President 2 0 X 0 0 0 Eugene V N Bissell Treasurer 2 0 X 0 0 0 Amy S Courter Secretary 2 0 X 0 0 0 Hashem Akhavan-Tafti Trustee 2 0 X 0 0 0 Alexandra K Altman Trustee 2 0 X 0 0 0 Roger E Brownell Trustee 2 0 X 0 0 0 Jevon A Caldwell-Gross Trustee 2 0 X 0 0 0 Erin M P Charnley Trustee 2 0 X 0 0 0 Jody L Clark Trustee 2 0 X 0 0 0 Harold J Decker Trustee 2 0 X 0 0 0 Helen B Etkin Trustee 2 0 X 0 0 0 Gwen A Fountain Trustee 2 0 X 0 0 0 James N Heath Trustee 2 0 X 0 0 0 Robert O Kramer Trustee 2 0 X 0 0 0 Paul S Levy Trustee 2 0 X 0 0 0 Alexander C Lipsey Trustee 2 0 X 0 0 0 Erin M Mazzoni Trustee 2 0 X 0 0 0 Hans P Morefield Trustee 2 0 X 0 0 0 Jody K Olsen Trustee 2 0 X 0 0 0 Donald R Parfet Trustee 2 0 X 0 0 0 Gail A Raiman Trustee 2 0 X 0 0 0 Christopher P Reynolds Trustee 2 0 X 0 0 0 William C Richardson Trustee 2 0 X 0 0 0 James A Robideau Trustee 2 0 X 0 0 0 Mary Beth Sarhatt Trustee 2 0 X 0 0 0 William R Stoeri Trustee 2 0 X 0 0 0 Jon L Stryker Trustee 2 0 X 0 0 0 Ronda E Stryker Trustee 2 0 X 0 0 0 Bonnie Wachter Swenby Trustee 2 0 X 0 0 0 Amy E Upjohn Trustee 2 0 X 0 0 0 William F Williams Trustee 2 0 X 0 0 0 Richard E Yehle Trustee 2 0 X 0 0 0 Debra L Yourick Trustee 2 0 X 0 0 0 Eileen B Wilson-Oyelaran President 40 0 X 348249 0 83694 Michael A McDonald Provost 40 0 X 214953 0 22480 Albert DeSimone VP College Advancement 40 0 X 189191 0 85694 James E Prince VP Business and Finance 40 0 X 179418 0 35205 Sarah Westfall VP Student Dev/Dean of Students 40 0 X 137474 0 21611 David Barclay Professor of History 40 0 X 136199 0 30811 Jan Tobochnik Professor of Physics 40 0 X 129404 0 26474 Gregory Diment Associate Provost IS 40 0 X 125369 0 24474 Paul Manstrom Associate VP Facilities Management 40 0 X 119727 0 28036 Eric Staab Dean of Admissions & Financial Aid 40 0 X 117844 0 32306 1697828 0 390785 19 0 1 0 Creative Dining Services One Royal Park Dr Ste 3 Zeeland MI 49464 Campus Food Services 2982129 Miller Davis Company 1029 Portage St Kalamazoo MI 49001 Construction Contractor 1968515 Cambridge Associates LLC 125 High Street Suite 1401 Boston MA 02110 Investment Advisors 183129 Andy J Egan Company 2001 Waldorf St NW Ste 200 Grand Rapids MI 49544 Mechanical Services 159900 Bornor Restoration Inc 525 Filley St Lansing MI 48906 Construction Contractor 132123 7 0 0 23832 0 241899 12761960 581321 13027691 Tuition and fees 611310 59779596 59779596 0 0 Room and board 611310 6891524 6891524 0 0 Other revenue 611310 1011462 901656 109806 0 0 0 0 0 67682582 1872899 0 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5295106 3253647 32977938 18859805 23840524 17560129 522885 521781 0 0 0 0 7172038 7253532 647639 635295 1024288 1059137 134217605 58725933 75536298 75491672 144288613 153327857 64578264 71646416 0 0 0 350588487 346355624 3545063 3117481 0 0 471888 510136 33455000 32375000 0 0 0 0 0 0 0 0 31954642 30955599 69426593 66958216 X 84605876 89341742 80214365 70904676 116341653 119150990 281161894 279397408 350588487 346355624 5139403 -6903889 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 222047672 4981772 2319621 1997614 7137135 367077 219847239 192294969 6669948 31728379 1849014 6433477 363133 222047672 169495896 10482875 20286899 1507335 6055497 407869 192294969 155218448 22396461 -1298112 1462196 4987365 371340 169495896 131557148 3017106 28423095 1816291 5480623 481987 155218448 0.23 0.53 0.24 0 1 1 1798274 1970590 3768864 0 94932546 38605785 56326761 0 0 0 0 0 25778214 19040298 6737916 0 9737981 1079850 8658131 75491672 0 Hedge Funds 47415211 F Private Equity Funds 12211196 F Charitable Remainder Trusts & Gift Annuities 12020009 F 71646416 0 Postretirement Benefit 22733239 Federal Perkins Loans 6444390 Annuities Payable 1777970 30955599 X 83356767 -6903889 0 0 -321425 -7225314 90582081 370077 -555716 -185639 90396442 85121253 0 0 0 555716 555716 84565537 370077 321425 691502 85257039 Schedule D, Part III, Line 1 The College maintains a substantial collection of artwork and rare books for educational purposes and public exhibition. Schedule D, Part III is not completed because the collection is not capitalized and does not meet the definition under SFAS 116. Schedule D, Part III, Line 4 The College maintains a substantial collection of artwork and rare books for educational purposes and public exhibition. Schedule D, Part III is not completed because the collection is not capitalized and does not meet the definition under SFAS 116. Schedule D, Part V, Line 4 The College's endowment consists of approximately 500 individual funds established for a variety of purposes. These funds provide support for instruction, academic support departments, student services, institutional support departments, physical plant maintenance and improvements, public service programs, and scholarships, as well as, general operating support. Schedule D, Part X, Line 2 Management has analyzed the tax positions taken by the College and has concluded that as of June 30, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. Schedule D, Part XI, Line 2d Uncollectible pledge expense and payments to beneficiaries of reserved income funds. Schedule D, Part XI, Line 4b Expenses from fundraising events, cost of sales of inventory, and rental expenses. Schedule D, Part XII, Line 2d Expenses from fundraising events, cost of sales of inventory, and rental expenses. Schedule D, Part XII, Line 4b Uncollectible pledge expense and payments to beneficiaries of reserved income funds. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The following statement appears in the College catalogue: "Kalamazoo College is committed to equal rights, equal opportunities, and equal protection under the law. The College administers its programs without regard to race, color, religion, age, sex, national origin, height, weight, marital status, familial status, physical disability as protected by law, or sexual orientation. The College's definition of sexual orientation proscribes discrimination based on a person's heterosexuality, homosexuality, bisexuality, or gender identity, actual or presumed." Kalamazoo College draws a substantial percentage of its students from outside the Kalamazoo community including other areas of Michigan, the United States, and foreign countries and follows a racially nondiscriminatory policy as to students. Publication is not required under Rev Proc 75-50, Section 4.03-2(b). Schedule E, Part I, Line 6 Kalamazoo College participates in the following campus-based financial aid programs: SEOG, FWSP, Perkins (NDSL). In addition, students from the College are recipients of Pell grants, Guaranteed Student Loans, and Parent Loans. Central America and the Caribbean 0 0 Program Services Higher Education 202527 East Asia and the Pacific 0 1 Program Services Higher Education 977543 Europe (including Iceland and Greenland) 0 7 Program Services Higher Education 1445190 Middle East and North Africa 0 0 Program Services Higher Education 8550 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Higher Education 5824 South America 0 3 Program Services Higher Education 255090 South Asia 0 0 Program Services Higher Education 81223 Sub-Saharan Africa 0 2 Program Services Higher Education 34868 Central America and the Caribbean Investments 20755000 North America (including Canada and Mexico, but not the United States) Investments 17948000 0 13 41713815 1 0 1 1 1 0 Schedule F, Part IV The College invests in various foreign corporations and partnerships, both directly and through U.S. partnerships. However, the College's share of foreign corporation and partnership investments does not exceed 10% and thus Form 5471 or Form 8865 is not required. While these investments may be considered Passive Foreign Investment Companies, the College is not required to file Form 8621 as the investment income is not debt-financed unrelated business income. The College files Form 926 for transfers to foreign corporations during the year, both directly and through U.S. partnerships, when those transfers exceed $100,000 or when its share exceeds $100,000. X X X X X X X 1 Wilson-Bennett Technology Inc 140 Professional Dr Ste 2 Cabot AR 72023 Phonathon 0 377021 82783 294238 377021 82783 294238 AK AL AR CA CO CT FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV Golf Jamboree 37095 16290 20805 0 1360 0 8736 0 12068 Golf for Basketball 8590 4483 4107 0 0 0 1059 0 4128 1 5704 3059 2645 0 0 0 1739 0 2409 51389 23832 27557 0 1360 0 11534 0 18605 31499 -3942 1 See Schedule I, Part IV for Part I Line 2 1419 33297386 0 Schedule I, Part I, Line 2 Scholarships are awarded based on established criteria, including donor restrictions. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Eileen B Wilson-Oyelaran President 343647 0 0 0 4602 0 58304 0 25390 0 431943 0 0 0 Michael A McDonald Provost 214953 0 0 0 0 0 21882 0 598 0 237433 0 0 0 Albert DeSimone VP College Advancement 189191 0 0 0 0 0 20115 0 65579 0 274885 0 0 0 James E Prince Vice-President Business and Finance 179418 0 0 0 0 0 18956 0 16248 0 214622 0 0 0 Sarah Westfall VP Student Dev/Dean of Students 137474 0 0 0 0 0 14382 0 7229 0 159085 0 0 0 David Barclay Professor of History 136199 0 0 0 0 0 14921 0 15890 0 167010 0 0 0 Jan Tobochnik Professor of Physics 129404 0 0 0 0 0 13292 0 13182 0 155878 0 0 0 Eric Staab Dean of Admissions & Financial Aid 117844 0 0 0 0 0 13011 0 19295 0 150150 0 0 0 Schedule J, Part I, Line 1a The President is required to live in housing provided on campus. The value of this housing is excluded from taxable income. In addition, a nonqualified retirement plan was established for President Wilson Oyelaran, and a portion of this contribution contained a tax gross up intended to offset the future tax liability when the plan becomes vested and taxable. This amount was not included in taxable compensation for calendar year 2014. Schedule J, Part I, Line 3 The compensation of the President is reviewed annually by the Board of Trustees. As part of this process, the President's compensation is compared to a cohort of similar institutions, the Great Lakes College Association. The result of the deliberations and decisions are documented in a statement of salary letter sent to the President and the Director of Human Resources. Schedule J, Part I, Line 4 The College contributed $71,817 into a section 457(f) nonqualified retirement plan for President Wilson-Oyelaran. President Wilson-Oyelaran also participated in a section 457(b) plan and contributed $17,500 during calendar year 2014. A Michigan Finance Authority 800596186 2011-06-09 34250000 Refunding 2000,2003,2007 & construct & equip athletics facilities & fields 0 0 0 A 2365000 0 34281725 0 0 21979763 285774 0 0 12016188 0 0 2013 1 1 1 1 A 0 0 1 1 0 0 0.01 0.01 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part I, Column f-06/09/2011 34,250,000 Michigan Finance Authority Refunding 2000,2003,2007 & construct & equip athletics facilities & fields Ronda Stryker Spouse Owns Greenleaf Hospitality 61572 Event Services & Accomodations 0 X 0 Value not recorded X 61 581321 Avg daily stock price X Event Expenses 8 0 Value not recorded X Equipment 3 0 Value not recorded 0 0 1 0 Schedule M, Part I, Line 33 Noncash contributions of personal property valued at $5,000 or less are not entered or capitalized. Form 990, Part VI, Section A, Line 2 Jon L. Stryker and Ronda E. Stryker are siblings. Form 990, Part VI, Section A, Line 4 Revised language in By-Laws Article II Memebership of the Board b) Alumni trustees - The President and Vice President of the Alumni Association Executive Board shall be nominated by virtue of office to the Committee on trustees for election to the board of Trustees. The terms of the Alumni Association Executive Board President and Vice President, if elected after nomination by virtue of office, shall continue as long as they hold office. A minimum of sixty percent of the Board or ten trustees whichever is larger shall be alumni of the College. Revised language in By-Laws Article VII Standing Committees - Audit Committee - The Committee shall consist of a minimum of three Trustees... Form 990, Part VI, Section B, Line 11b The Forms 990, including Schedule B, and 990T are provided to the Audit Committee of the Board of Trustees for review. A meeting is convened with the Audit Committee and the Vice President for Business and Finance to review and discuss the Forms 990, including Schedule B, and 990T. After receiving the Audit Committee's approval, the Forms 990, including Schedule B, and 990T are provided to the full Board of Trustees for review and approval. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is provided to every Trustee and Officer in October. Every recipient is asked to return a disclosure form that discloses any potential relationships that may represent a conflict of interest and discloses any gifts or loans from entities with which the College has significant business dealings. The form also asks Trustees to acknowledge that they have read the conflict of interest policy and confirm that they have no knowledge of any real or potential violation of the policy and that they will refrain from taking any unfair advantage of any information obtained in their role as Trustee or Officer. Form 990, Part VI, Section B, Line 15 The compensation of the President is reviewed annually by the Executive Committee of the Board of Trustees. As part of this process, the President's compensation is compared to a cohort of similar institutions, the Great Lakes College Association. The result of the deliberations and decisions are documented in the minutes of the Executive Committee meeting and a statement of salary letter sent to the President and the Director of Human Resources. The compensation of the College officers is determined annually by the President and compared with compensation of similarly placed officers of Great Lakes College Association institutions. The officer compensation is submitted to the Executive Committee of the Board of Trustees for review and approval. Form 990, Part VI, Section C, Line 19 Kalamazoo College is organized under Michigan statute MCL Section 390.751 through 390.761. The bylaws and conflict of interest policy are available by request. The financial statements are also available by request, posted on the College's website, and made available in the College library. Genevieve U Gilmore Endowment For The Arts PNC Bank 108 E Michigan Kalamazoo MI 49007 386470228 Trust FBO Kalamazoo College MI 501(c)(3) Line 11 c Kalamazoo College 1 Dorothy Hinkley Heyl Irrev Charitable Trust PNC Bank 108 E Michigan Kalamazoo MI 49007 386572671 Trust FBO Kalamazoo College MI 501(c)(3) Line 11d Kalamazoo College 1 L Lee Stryker Memorial Trust PNC Bank 108 E Michigan Kalamazoo MI 49007 386385367 Trust FBO Kalamazoo College MI 501(c)(3) Line 11d Kalamazoo College 1 FW & Elsie Heyl Science Scholarship Fund PNC Bank PO Box 94651 Cleveland OH 44101 386194019 Science Grants MI 501(c)(3) Line 11d N/A 0 Great Lakes College Association Inc 535 W William No 301 Ann Arbor MI 48103 381678376 Promote advancement in higher education MI 501(c)(3) 11a N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 Genevieve U Gilmore Endowment For The Arts PNC Bank c 85578 Cash Grant Dorothy Hinkley Heyl Irrev Charitable Trust PNC Bank c 132270 Cash Grant L Lee Stryker Memorial Trust PNC Bank c 124796 Cash Grant FW & Elsie Heyl Science Scholarship Fund PNC Bank c 2121757 Cash Grant FW & Elsie Heyl Science Scholarship Fund PNC Bank q 22000 Cash Payment