HOPE COLLEGE: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- HOPE COLLEGE (EIN 38-1381271)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-05-16
- IRS object ID
- 201621379349301787
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-16T09:06:30-05:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 TRADE CENTRE WAY STE 300 | AddressLine1Txt |
| City | PORTAGE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49002 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381381271 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOPE COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOPE | BusinessNameControlTxt |
| Phone | 6163957810 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 141 E 12TH STREET | AddressLine1Txt |
| City | HOLLAND | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49423 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS BYLSMA | PersonNm |
| Person Title | VICE PRESIDENT, CFO | PersonTitleTxt |
| Phone | 6163957810 | PhoneNum |
| Signature | 2016-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CAROL LALONDE CPA | PreparerPersonNm |
| PTIN | P00181637 | PTIN |
| Phone | 2695674500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | THOMAS BYLSMA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 141 E 12TH STREET | AddressLine1Txt |
| City | HOLLAND | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49423 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $287,109,086 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.HOPE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1866 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF HOPE COLLEGE IS TO EDUCATE STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE IN A GLOBAL SOCIETY THROUGH ACADEMIC AND CO-CURRICULAR PROGRAMS OF RECOGNIZED EXCELLENCE IN THE LIBERAL ARTS AND IN THE CONTEXT OF THE HISTORIC CHRISTIAN FAITH. | ActivityOrMissionDesc |
| Voting Members Governing Body | 34 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 29 | VotingMembersIndependentCnt |
| Total Employee | 3501 | TotalEmployeeCnt |
| Total Volunteers | 31 | TotalVolunteersCnt |
| Total Gross UBI | $983,112 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$238,783 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $18,350,086 | PYContributionsGrantsAmt |
| CY Contributions Grants | $16,512,580 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $127,967,458 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $133,024,467 | CYProgramServiceRevenueAmt |
| PY Investment Income | $22,682,177 | PYInvestmentIncomeAmt |
| CY Investment Income | $17,821,879 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,647,170 | PYOtherRevenueAmt |
| CY Other Revenue | $1,690,880 | CYOtherRevenueAmt |
| PY Total Revenue | $170,646,891 | PYTotalRevenueAmt |
| CY Total Revenue | $169,049,806 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $32,732,164 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $34,590,794 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $57,493,322 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $60,609,620 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $4,895,368 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $46,726,837 | PYOtherExpensesAmt |
| CY Other Expenses | $48,981,897 | CYOtherExpensesAmt |
| PY Total Expenses | $136,952,323 | PYTotalExpensesAmt |
| CY Total Expenses | $144,182,311 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $33,694,568 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $24,867,495 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $472,505,234 | TotalAssetsBOYAmt |
| Total Assets EOY | $482,846,633 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $98,383,185 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $94,683,782 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $374,122,049 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $388,162,851 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MISSION OF HOPE COLLEGE IS TO EDUCATE STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE IN A GLOBAL SOCIETY THROUGH ACADEMIC AND CO-CURRICULAR PROGRAMS OF RECOGNIZED EXCELLENCE IN THE LIBERAL ARTS AND IN THE CONTEXT OF THE HISTORIC CHRISTIAN FAITH. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $127,779,843 | ExpenseAmt |
| Grant | $33,443,355 | GrantAmt |
| Revenue | $126,122,264 | RevenueAmt |
| Desc | THE ORGANIZATION PROVIDED COMPREHENSIVE LITERACY & SCIENCE COURSES OF STUDY TO OVER 3,300 FULL TIME EQUIVALENT STUDENTS IN THE FALL OF 2014 AND 3,100 IN THE SPRING OF 2015. THE ORGANIZATION WAS ALSO INVOLVED IN ADMINISTRATIVE, AUXILLARY OPERATIONS & STUDENT SERVICES TO SUPPORT THE CAMPUS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,384,116 | ExpenseAmt |
| Grant | $1,147,439 | GrantAmt |
| Revenue | $4,327,244 | RevenueAmt |
| Desc | THE ORGANIZATION IS INVOLVED IN RESEARCH TO MAINTAIN ONE OF THE TOP CHEMISTRY & BIOLOGY DEPTS IN THE COUNTRY, UTILIZE RESEARCH AS A TEACHING TOOL IN THE CLASSROOM & TO FACILITATE LEARNING. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $132,163,959 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 350 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 3501 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 34 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 29 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THOMAS BYLSMA VICE-PRESIDENT CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6163957810 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | HOPE COLLEGE 141 E 12TH ST | AddressLine1Txt |
| City | HOLLAND | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49423 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (44 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| MARY V BAUMAN | |||||||||
| CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MARK VAN GENDEREN | |||||||||
| VICE CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JOHN C KNAPP | |||||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $325,338 | $0 | $68,102 | |||
| DAVID W LOWRY | |||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY S ALLEN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILLIAM R BOERSMA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID M BAST | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANTHONY R CASTILLO | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID B CHARNIN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DOUGLAS CONANT | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANNIE G DANDAVATI | |||||||||
| TRUSTEE/PROFESSOR | 40.00 | Yes (X) | $97,485 | $0 | $23,857 | ||||
| BARBARA DEPREE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| NANCY DIRKSE DEWITT | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| J LINDSEY DOOD | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KARL DROPPERS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KENNETH W ERIKS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRIAN GIBBS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DANIEL GORDON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| LISA C GRANGER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| TAYLOR W HOLBROOK | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JAMES L JURRIES | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRENT KRUEGER | |||||||||
| TRUSTEE/PROFESSOR | 40.00 | Yes (X) | $94,409 | $0 | $23,929 | ||||
| MONICA NEWENDORP | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| GERALD J PILLAY | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DOUGLAS C RUCH | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| A PAUL SCHAAP | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUZANNE L SHIER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BETH A SNYDER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID L VAN ANDEL | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| D SCOTT VAN OOSTENDORP | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JILL VER STEEG | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| EMILIE D WIERDA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| LESLIE B WONG | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARGARET WILLIT | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| THOMAS BYLSMA | |||||||||
| CFO | 40.00 | Yes (X) | $193,910 | $0 | $38,905 | ||||
| RICHARD RAY | |||||||||
| PROVOST | 40.00 | Yes (X) | $186,258 | $0 | $31,817 | ||||
| RICHARD A FROST | |||||||||
| VP OF STUDENT DEVELOPMENT | 40.00 | $153,862 | $0 | $58,254 | Yes (X) | ||||
| WILLIAM VANDERBILT | |||||||||
| VP FOR ADMISSIONS | 40.00 | $164,390 | $0 | $32,610 | Yes (X) | ||||
| CARL E HEIDEMAN | |||||||||
| DIR OF PROCESS/INNOVATION | 40.00 | $127,033 | $0 | $28,339 | Yes (X) | ||||
| ROGER L VELDMAN | |||||||||
| FACULTY | 40.00 | $126,703 | $0 | $25,882 | Yes (X) | ||||
| PETER SCHAKEL | |||||||||
| FACULTY | 40.00 | $141,934 | $0 | $20,145 | Yes (X) | ||||
| GREG MAYBURY | |||||||||
| DIRECTOR-PHYS PLT | 40.00 | $140,927 | $0 | $45,581 | Yes (X) | ||||
| JOHN E LUNN | |||||||||
| FACULTY | 40.00 | $126,118 | $0 | $24,955 | Yes (X) | ||||
| JAMES E BULTMAN | |||||||||
| FORMER PRESIDENT | 40.00 | $200,000 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,078,367 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $422,376 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 47 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GO CONSTRUCTION | |||||
| 300 IONIA AVE NW | GRAND RAPIDS | MI | 49503 | CONSTRUCTION SERVICES | $18,178,261 |
| CREATIVE DINING SERVICE | |||||
| ONE ROYAL PARK DRIVE SUITE 3 | ZEELAND | MI | 49464 | FOOD SERVICE MANAGEMENT | $9,905,831 |
| BLUE CROSS-BLUE SHIELD MICHIGAN | |||||
| 86 MONROE CENTER NW | GRAND RAPIDS | MI | 49503 | HEALTH INSURANCE ADMINISTRATION | $5,797,427 |
| GDK CONSTRUCTION CO | |||||
| 12 WEST 8TH STREET SUITE 2 | HOLLAND | MI | 49423 | CONSTRUCTION SERVICES | $2,548,806 |
| PARKWAY ELECTRIC & COMMUNICATIONS LLC | |||||
| 11952 JAMES STREET | HOLLAND | MI | 49424 | ELECTRICAL SERVICES | $431,076 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 50 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $4,279,798 | GovernmentGrantsAmt |
| All Other Contributions | $12,232,782 | AllOtherContributionsAmt |
| Noncash Contributions | $494,555 | NoncashContributionsAmt |
| Total Contributions | $16,512,580 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| TUITION & FEES | 611600 | $99,146,714 | $99,146,714 | ||
| AUXILIARY ENTERPRISES | 611600 | $26,630,387 | $26,630,387 | ||
| BOOKSTORE INCOME | 611600 | $2,965,177 | $2,965,177 | ||
| HAWORTH CONFERENCE CTR. | 721000 | $2,088,753 | $515,086 | $1,573,667 | |
| OTHER PROGRAM INCOME | 900099 | $1,392,444 | $1,392,444 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $800,992 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $314,786 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $486,206 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $133,024,467 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,958,591 | TotalRevenueColumnAmt |
| Exclusion | $1,958,591 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $133,922,568 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $118,059,280 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $15,863,288 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,863,288 | TotalRevenueColumnAmt |
| Exclusion | $15,863,288 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $1,690,880 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$18,180 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,709,060 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,690,880 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $169,049,806 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $130,449,508 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $983,112 | UnrelatedBusinessRevenueAmt |
| Exclusion | $21,104,606 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,590,794 | TotalAmt |
| Program Services | $34,590,794 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,493,125 | TotalAmt |
| Program Services | $1,392,152 | ProgramServicesAmt |
| Management And General | $51,362 | ManagementAndGeneralAmt |
| Fundraising | $49,611 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,192,180 | TotalAmt |
| Program Services | $42,364,946 | ProgramServicesAmt |
| Management And General | $2,469,977 | ManagementAndGeneralAmt |
| Fundraising | $2,357,257 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,579,941 | TotalAmt |
| Program Services | $3,179,617 | ProgramServicesAmt |
| Management And General | $224,378 | ManagementAndGeneralAmt |
| Fundraising | $175,946 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,073,633 | TotalAmt |
| Program Services | $4,487,136 | ProgramServicesAmt |
| Management And General | $308,384 | ManagementAndGeneralAmt |
| Fundraising | $278,113 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,270,741 | TotalAmt |
| Program Services | $2,944,415 | ProgramServicesAmt |
| Management And General | $157,683 | ManagementAndGeneralAmt |
| Fundraising | $168,643 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,582 | TotalAmt |
| Program Services | $62,941 | ProgramServicesAmt |
| Management And General | $53,641 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,979 | TotalAmt |
| Management And General | $107,979 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,369,437 | TotalAmt |
| Management And General | $1,369,437 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,724,911 | TotalAmt |
| Program Services | $2,222,885 | ProgramServicesAmt |
| Management And General | $198,964 | ManagementAndGeneralAmt |
| Fundraising | $303,062 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $716,080 | TotalAmt |
| Program Services | $455,713 | ProgramServicesAmt |
| Management And General | -$48,153 | ManagementAndGeneralAmt |
| Fundraising | $308,520 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,421,514 | TotalAmt |
| Program Services | $4,060,399 | ProgramServicesAmt |
| Management And General | $89,142 | ManagementAndGeneralAmt |
| Fundraising | $271,973 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,303,927 | TotalAmt |
| Program Services | $1,212,187 | ProgramServicesAmt |
| Management And General | $57,364 | ManagementAndGeneralAmt |
| Fundraising | $34,376 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,156,003 | TotalAmt |
| Program Services | $4,007,191 | ProgramServicesAmt |
| Management And General | $75,697 | ManagementAndGeneralAmt |
| Fundraising | $73,115 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,777,579 | TotalAmt |
| Program Services | $3,326,391 | ProgramServicesAmt |
| Management And General | $104,783 | ManagementAndGeneralAmt |
| Fundraising | $346,405 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $603,002 | TotalAmt |
| Program Services | $339,147 | ProgramServicesAmt |
| Management And General | $260,809 | ManagementAndGeneralAmt |
| Fundraising | $3,046 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,813,095 | TotalAmt |
| Program Services | $1,619,094 | ProgramServicesAmt |
| Management And General | $164,629 | ManagementAndGeneralAmt |
| Fundraising | $29,372 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,444,616 | TotalAmt |
| Program Services | $6,648,042 | ProgramServicesAmt |
| Management And General | $675,971 | ManagementAndGeneralAmt |
| Fundraising | $120,603 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $496,493 | TotalAmt |
| Program Services | $325,329 | ProgramServicesAmt |
| Management And General | $166,655 | ManagementAndGeneralAmt |
| Fundraising | $4,509 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD SERVICE & LAUNDRY | $9,064,308 | $8,895,195 | $45,645 | $123,468 |
| TUITION WAIVERS | $2,544,938 | $2,272,304 | $142,235 | $130,399 |
| INVENTORY PURCHASES | $2,123,270 | $1,980,699 | $72,522 | $70,049 |
| OTHER MAINTENANCE & REP | $1,669,756 | $1,607,160 | $31,841 | $30,755 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,528,407 | TotalAmt |
| Program Services | $4,170,222 | ProgramServicesAmt |
| Management And General | $342,039 | ManagementAndGeneralAmt |
| Fundraising | $16,146 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $144,182,311 | TotalAmt |
| Program Services | $132,163,959 | ProgramServicesAmt |
| Management And General | $7,122,984 | ManagementAndGeneralAmt |
| Fundraising | $4,895,368 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,725,416 | BOYAmt |
| EOY | $49,434,140 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,345,467 | BOYAmt |
| EOY | $28,374,633 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,166,217 | BOYAmt |
| EOY | $7,737,323 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $785,214 | BOYAmt |
| EOY | $861,256 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,427,459 | BOYAmt |
| EOY | $1,885,007 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $297,526,990 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $102,556,572 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,671,386 | BOYAmt |
| EOY | $194,970,418 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,497,892 | BOYAmt |
| EOY | $62,210,860 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,386,279 | BOYAmt |
| EOY | $137,068,353 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $499,904 | BOYAmt |
| EOY | $304,643 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $472,505,234 | BOYAmt |
| EOY | $482,846,633 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,721,516 | BOYAmt |
| EOY | $5,661,295 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,035,213 | BOYAmt |
| EOY | $299,767 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,030,000 | BOYAmt |
| EOY | $53,255,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,596,456 | BOYAmt |
| EOY | $35,467,720 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,383,185 | BOYAmt |
| EOY | $94,683,782 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,082,894 | BOYAmt |
| EOY | $177,733,611 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,294,096 | BOYAmt |
| EOY | $75,387,829 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,745,059 | BOYAmt |
| EOY | $135,041,411 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $374,122,049 | BOYAmt |
| EOY | $388,162,851 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $472,505,234 | BOYAmt |
| EOY | $482,846,633 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $24,867,495 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$9,115,788 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,710,905 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,968,215 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,428,742 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $21,795,997 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,350,086 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,512,580 | CurrentTaxYearAmt |
| Total | $97,055,620 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,968,215 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,428,742 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $21,795,997 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,350,086 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,512,580 | CurrentTaxYearAmt |
| Total | $97,055,620 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $9,116,213 | SubstantialContributorsTotAmt |
| Public Support Total170 | $87,939,407 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,747,744 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,590,936 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,561,389 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,663,374 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,958,591 | CurrentTaxYearAmt |
| Total | $8,522,034 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | -$31,171 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | -$130,334 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | -$28,622 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $40,247 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | -$238,783 | CurrentTaxYearAmt |
| Total | -$388,663 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $1,397,109 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,709,060 | CurrentTaxYearAmt |
| Total | $3,106,169 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $108,295,160 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $607,931,543 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.81200 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $260,305 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $206,199,053 | BeginningYearBalanceAmt |
| Contributions | $5,730,924 | ContributionsAmt |
| Investment Earnings Or Losses | $7,702,829 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,846,388 | OtherExpendituresAmt |
| End Year Balance | $211,786,418 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $175,036,306 | BeginningYearBalanceAmt |
| Contributions | $9,937,514 | ContributionsAmt |
| Investment Earnings Or Losses | $28,400,349 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,175,116 | OtherExpendituresAmt |
| End Year Balance | $206,199,053 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $163,587,087 | BeginningYearBalanceAmt |
| Contributions | $4,318,541 | ContributionsAmt |
| Investment Earnings Or Losses | $13,857,992 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $6,727,314 | OtherExpendituresAmt |
| End Year Balance | $175,036,306 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $166,265,929 | BeginningYearBalanceAmt |
| Contributions | $4,482,293 | ContributionsAmt |
| Investment Earnings Or Losses | -$813,518 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $6,347,617 | OtherExpendituresAmt |
| End Year Balance | $163,587,087 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $147,340,680 | BeginningYearBalanceAmt |
| Contributions | $2,892,355 | ContributionsAmt |
| Investment Earnings Or Losses | $22,269,678 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $6,236,784 | OtherExpendituresAmt |
| End Year Balance | $166,265,929 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.18060 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.63580 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.18360 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $23,531,672 | OtherCostOrOtherBasisAmt |
| Book Value | $23,531,672 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $209,738,402 | OtherCostOrOtherBasisAmt |
| Depreciation | $83,004,931 | DepreciationAmt |
| Book Value | $126,733,471 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,882,571 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,551,641 | DepreciationAmt |
| Book Value | $10,330,930 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $34,374,345 | OtherCostOrOtherBasisAmt |
| Book Value | $34,374,345 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $194,970,418 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| LIMITED PARTNERSHIPS AND HEDGE FUNDS | $83,135,760 | F |
| MORTGAGES, LAND CONTRACTS & OTHER | $27,107,985 | F |
| PRIVATE EQUITY, ALTERNATIVES, OTHER | $26,824,608 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $137,068,353 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES PAYABLE & TRUSTS | $7,933,856 |
| ACCUMULATED POST-RETIREMENT BENEFITS | $9,418,568 |
| REFUNDABLE FEDERAL PERKINS LOAN ADVANCES | $5,903,447 |
| STUDENTS AND OTHER DEPOSITS | $2,044,050 |
| ACCRUED LIABILITIES | $5,403,992 |
| INTERST RATE SWAP | $4,763,807 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $35,467,720 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $122,271,432 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$9,115,788 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $8,550 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$1,710,905 | OtherRevenueAmt |
| Revenue Not Reported | -$10,818,143 | RevenueNotReportedAmt |
| Revenue Subtotal | $133,089,575 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $1,369,437 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $34,590,794 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $35,960,231 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $169,049,806 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $108,230,630 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $8,550 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $8,550 | ExpensesNotReportedAmt |
| Expenses Subtotal | $108,222,080 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $1,369,437 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $34,590,794 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $35,960,231 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $144,182,311 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | HOPE COLLEGE, THROUGH THE CONSTRUCTION (2004-05) OF THE MARTHA MILLER CENTER FOR INTERNATIONAL COMMUNICATIONS, HAS PURCHASED $79,000 IN PIECES OF ART THAT ARE ON PERMANENT DISPLAY IN THIS BUILDING. ALSO AS A PART OF PREPARING FOR THE OPENING OF HOPE'S KRUIZENGA ART MUSEUM (FALL 2015), HOPE'S DIRECTOR OF THE MUSEUM HAS BEEN ACQUIRING STRATEGIC PIECES OF ART TO PUT ON DISPLAY IN THE NEW ART GALLERY WHICH WILL ASSIST THE COLLEGE'S ART, HISTORY, AND CULTURAL HERITAGE COMPONENTS OF OUR CURRICULUM. |
| PART X, LINE 2: | THE COLLEGE IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED AS TAX-EXEMPT PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY IF THE COLLEGE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT AS OF JUNE 30, 2015, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2012. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGES IN VALUE OF SPLIT INTEREST AGREEMENT -303,771. CHANGE IN VALUE OF SWAP AGREEMENTS -1,123,467. CHANGE IN POST RETIREMENT -283,667. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INSTITUTIONAL SCHOLARSHIPS & FELLOWSHIPS 34,590,794. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INSTITUTIONAL SCHOLARSHIPS & FELLOWSHIPS 34,590,794. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | RACIALLY NONDISCRIMINATORY POLICY STATEMENT IS INCLUDED ON VARIOUS PUBLICITY & POLICY STATEMENTS, INCLUDING OUR WEBSITE & TELEVISION ADS, AS WELL AS OUR CATALOG & STUDENT HANDBOOK, WHICH IS AVAILABLE UPON REQUEST. |
| SCHEDULE E, PART I, LINE 6 | HOPE COLLEGE RECEIVES GRANTS AND FINANCIAL AID FROM VARIOUS FEDERAL AND STATE AGENCIES THAT ARE USED IN THE FURTHERANCE OF THE COLLEGE'S EXEMPT PURPOSE OF PROVIDING QUALITY EDUCATION. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (11 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|
| EAST ASIA & PACIFIC | DONOR-ALUMNI RELATIONS | DONOR/ALUMNI VISITS | $21,392 |
| EAST ASIA & PACIFIC | PROGRAM SERVICES | RESEARCH | $3,197 |
| EAST ASIA & PACIFIC | PROGRAM SERVICES | STUDENT RECRUITMENT | $661 |
| EAST ASIA & PACIFIC | PROGRAM SERVICES | SUMMER TERM COURSES | $7,457 |
| EUROPE | DONOR-ALUMNI RELATIONS | DONOR/ALUMNI VISITS | $8,754 |
| EUROPE | PROGRAM SERVICES | SUMMER TERM COURSES | $384,363 |
| EUROPE | PROGRAM SERVICES | RESEARCH | $33,024 |
| EUROPE | PROGRAM SERVICES | STUDENT RECRUITMENT | $2,366 |
| NORTH AMERICA | DONOR-ALUMNI RELATIONS | DONOR/ALUMNI VISITS | $444 |
| NORTH AMERICA | PROGRAM SERVICES | RESEARCH | $7,519 |
| NORTH AMERICA | PROGRAM SERVICES | SUMMER TERM COURSES | $4,735 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $461,214 | SubtotalSpentAmt |
| Continuation Spent | $12,698 | ContinuationSpentAmt |
| Total Spent | $473,912 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIP - TUITION/BOOKS | GrantTypeTxt |
| Recipient | 2943 | RecipientCnt |
| Cash Grant | $34,590,794 | CashGrantAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | HOPE SCHOLARSHIP/GRANT FUNDS ARE DISBURSED TO THE RECIPIENT UPON PROOF OF ELIGILIBITY (I.E. FINANCIAL NEED OR ACADEMIC MERIT) AND UPON PROOF OF EXPENSE INCURRED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN C KNAPP | ||||||||||||||
| PRESIDENT | $305,250 | $0 | $0 | $0 | $20,088 | $0 | $16,301 | $0 | $51,801 | $0 | $393,440 | $0 | $0 | $0 |
| THOMAS BYLSMA | ||||||||||||||
| CFO | $186,670 | $0 | $0 | $0 | $7,240 | $0 | $19,683 | $0 | $19,222 | $0 | $232,815 | $0 | $0 | $0 |
| RICHARD RAY | ||||||||||||||
| PROVOST | $182,418 | $0 | $0 | $0 | $3,840 | $0 | $18,900 | $0 | $12,917 | $0 | $218,075 | $0 | $0 | $0 |
| RICHARD A FROST | ||||||||||||||
| VP OF STUDENT DEVELOPMENT | $150,022 | $0 | $0 | $0 | $3,840 | $0 | $14,910 | $0 | $43,344 | $0 | $212,116 | $0 | $0 | $0 |
| WILLIAM VANDERBILT | ||||||||||||||
| VP FOR ADMISSIONS | $160,550 | $0 | $0 | $0 | $3,840 | $0 | $17,115 | $0 | $15,495 | $0 | $197,000 | $0 | $0 | $0 |
| CARL E HEIDEMAN | ||||||||||||||
| DIR OF PROCESS/INNOVATION | $127,033 | $0 | $0 | $0 | $0 | $0 | $13,471 | $0 | $14,868 | $0 | $155,372 | $0 | $0 | $0 |
| ROGER L VELDMAN | ||||||||||||||
| FACULTY | $126,703 | $0 | $0 | $0 | $0 | $0 | $11,403 | $0 | $14,479 | $0 | $152,585 | $0 | $0 | $0 |
| PETER SCHAKEL | ||||||||||||||
| FACULTY | $141,934 | $0 | $0 | $0 | $0 | $0 | $14,924 | $0 | $5,221 | $0 | $162,079 | $0 | $0 | $0 |
| GREG MAYBURY | ||||||||||||||
| DIRECTOR-PHYS PLT | $137,087 | $0 | $0 | $0 | $3,840 | $0 | $14,469 | $0 | $31,112 | $0 | $186,508 | $0 | $0 | $0 |
| JOHN E LUNN | ||||||||||||||
| FACULTY | $126,118 | $0 | $0 | $0 | $0 | $0 | $12,895 | $0 | $12,060 | $0 | $151,073 | $0 | $0 | $0 |
| JAMES E BULTMAN | ||||||||||||||
| FORMER PRESIDENT | $200,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200,000 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AS PART OF HIS EMPLOYMENT WITH THE COLLEGE. INCLUDED IN NONTAXABLE BENEFITS IS THE FAIR MARKET VALUE OF THE USAGE OF THE PRESIDENT'S HOME WHICH IS VALUED AT $27,365. THE COLLEGE PROVIDES ANNUAL MEMBERSHIPS TO A LOCAL MARINA AND GOLF CLUB AS A WAY TO PROMOTE THE COLLEGE. THE VALUES OF THESE MEMBERSHIPS ARE $9,937 AND $6,800 REPSECTIVELY AND ARE SPLIT BETWEEN TAXABLE INCOME AND OTHER NON-TAXABLE INCOME ($4,338/$5,599) AND ($3,400/$3,400). | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MICHIGAN FINANCE AUTHORITY | ||||||||
| A | 800595186 | NONEAVAIL | 2010-12-17 | $10,200,000 | SEE PART VI | 0 | 0 | 0 |
| THE ECONOMIC DEVELOPMENT CORPORATION OF THE COUNTY OF OTTAWA | ||||||||
| B | 386004883 | NONEAVAIL | 2011-12-14 | $10,000,000 | SEE PART VI | 0 | 0 | 0 |
| MICHIGAN FINANCE AUTHORITY | ||||||||
| C | 800595186 | NONEAVAIL | 2012-03-28 | $11,220,000 | SEE PART VI | 0 | 0 | 0 |
| MICHIGAN FINANCE AUTHORITY | ||||||||
| D | 800595186 | NONEAVAIL | 2013-08-08 | $16,255,000 | SEE PART VI | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $4,105,000 | $10,200,000 | $10,200,000 | Yes (1) | 0 | Yes (1) | Yes (1) | |||
| B | $2,965,000 | $10,000,000 | $9,998,960 | 0 | Yes (1) | Yes (1) | Yes (1) | $1,040 | ||
| C | $30,000 | $11,220,000 | $6,220,000 | Yes (1) | 0 | Yes (1) | Yes (1) | $5,000,000 | 2014 | |
| D | $1,260,000 | $16,255,000 | $16,255,000 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | C | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | 0 | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | 0 |
| B | 0 | Yes (1) | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | 0 |
| C | 0 | Yes (1) | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 |
| D | 0 | Yes (1) | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
| C | 0 |
| D | 0 |
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, ROW A(1), COLUMN F: | THE PURPOSE OF THE BONDS ISSUED ON DECEMBER 17, 2010 IS TO CURRENTLY REFUND THE MICHIGAN HIGHER EDUCATION FACILITIES AUTHORITY ("MHEFA") LIMITED OBLIGATION REVENUE REFUNDING BONDS (HOPE COLLEGE PROJECT), SERIES 1999, DATED MARCH 24, 1999. |
| PART I, ROW B(1), COLUMN F: | THE PURPOSE OF THE BONDS ISSUED ON DECEMBER 14, 2011 IS TO ADVANCE REFUND A PORTION OF THE MHEFA LIMITED OBLIGATION REVENUE BONDS (HOPE COLLEGE PROJECT), SERIES 2002A, DATED MAY 7, 2002 (THE "SERIES 2002A BONDS"). |
| PART I, ROW C(1), COLUMN F: | THE PURPOSE OF THE BONDS ISSUED ON MARCH 28, 2012 IS (A) TO CURRENTLY REFUND A PORTION OF THE SERIES 2002A BONDS, AND (B) TO PAY THE COSTS OF THE ACQUISITION, CONSTRUCTION, FURNISHING AND EQUIPPING OF STUDENT HOUSING FACILITIES AND THE RENOVATION, REFURNISHING AND RE-EQUIPPING OF DINING FACILITIES AT PHELPS HALL AND RELATED PARKING AND SITE IMPROVEMENTS. |
| PART I, ROW D(1), COLUMN F: | THE PURPOSE OF THE BONDS ISSUED ON AUGUST 8, 2013 IS TO CURRENTLY REFUND THE MHEFA VARIABLE RATE DEMAND LIMITED OBLIGATION REVENUE BONDS (HOPE COLLEGE PROJECT), SERIES 2002B, DATED MAY 7, 2002. |
| PART I, ROW A(2), COLUMN F: | THE PURPOSE OF THE BONDS ISSUED ON MAY 28, 2015 (THE "SERIES 2015 BONDS") IS TO CURRENTLY REFUND THE MICHIGAN HIGHER EDUCATION FACILITIES AUTHORITY ("MHEFA") VARIABLE RATE DEMAND LIMITED OBLIGATION REVENUE AND REVENUE REFUNDING BONDS (HOPE COLLEGE PROJECT), SERIES 2004, DATED JULY 28, 2004 (THE "SERIES 2004 BONDS"). THE SERIES 2004 BONDS WERE ISSUED (A) TO CURRENTLY REFUND (I) A PORTION OF THE MHEFA LIMITED OBLIGATION REVENUE AND REVENUE REFUNDING BONDS, SERIES 1994 (HOPE COLLEGE PROJECT), DATED JUNE 16,1994 (THE "SERIES 1994 BONDS"), AND (II) THE MHEFA LIMITED OBLIGATION REVENUE BONDS (HOPE COLLEGE PROJECT), SERIES 1996B, DATED JUNE 4, 1996 (THE "SERIES 1996 BONDS"), (B) TO PAY THE COST OF CONSTRUCTING, EQUIPPING, AND FURNISHING THE DEVOS FIELD HOUSE AND THE MARTHA MILLER CENTER FOR GLOBAL COMMUNICATIONS, AND RENOVATING GRAVES HALL, LUBBER HALL AND THE DOW CENTER, (C) TO PAY CAPITALIZED INTEREST ON THE NEW MONEY PORTION OF THE BONDS, AND (D) TO PAY THE COSTS OF ISSUING AND SECURING THE BONDS. |
| PART III(1), LINE 3A(C): | THERE IS A FOOD SERVICE CONTRACT THAT QUALIFIES FOR THE SAFE HARBOR UNDER REV. PROC. 97-13. |
| PART III(2), LINE 3A(A): | THERE IS A FOOD SERVICE CONTRACT THAT QUALIFIES FOR THE SAFE HARBOR UNDER REV. PROC. 97-13. |
| PART III(1): | PART III IS NOT COMPLETED FOR COLUMN A, COLUMN B, THE PORTION OF THE COLUMN C THAT IS ALLOCATED TO REFUNDING THE SERIES 2002A BONDS AND COLUMN D, ALL OF WHICH RELATE TO BONDS WHICH WERE ISSUED BEFORE 2003 OR REFUNDED BONDS ISSUED BEFORE 2003. |
| PART III(2): | PART III IS NOT COMPLETED FOR THE PORTION OF COLUMN A WHICH IS ALLOCATED TO THE PORTION OF THE SERIES 2015 BONDS WHICH REFUNDED THE PORTION OF THE SERIES 2004 BONDS WHICH REFUNDED THE SERIES 1994 BONDS AND THE SERIES 1996 BONDS, BOTH OF WHICH WERE ISSUED PRIOR TO 2003. |
| PART IV(1), LINE 2B(C): | IT HAS NOT YET BEEN DETERMINE WHETHER THE BONDS ISSUED ON MARCH 28, 2012 WILL QUALIFY FOR AN EXCEPTION TO REBATE. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHIGAN FINANCE AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 800595186 | BondIssuerEIN |
| CUSIP | NONEAVAIL | CUSIPNum |
| Bond Issued | 2015-05-28 | BondIssuedDt |
| Issue Price | $13,940,000 | IssuePriceAmt |
| Purpose | SEE PART VI | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $13,940,000 | TotalProceedsAmt |
| Other Spent Proceeds | $13,940,000 | OtherSpentProceedsAmt |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | 0 | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| LUMIR CORPORATION | |||
| MS. EMILIE WIERDA IS A BOARD MEMBER AND THE DAUGHTER OF AN OWNER OF LUMIR | $264,969 | MS. EMILIE WIERDA IS A BOARD MEMBER OF HOPE COLLEGE AND IS THE DAUGHTER OF ELSA PRINCE BROEKHUIZEN WHO IS THE MAJORITY OWNER OF LUMIR CORPORATION FROM WHOM THE COLLEGE RENTS STUDENT HOUSING. | 0 |
| FLEETWOOD GROUP | |||
| MR. DOUGLAS RUCH IS A BOARD MEMBER AND PRESIDENT/CEO OF FLEETWOOD GROUP | $184,306 | MR. DOUGLAS RUCH IS A BOARD MEMBER OF HOPE COLLEGE AND IS THE PRESIDENT/CEO OF FLEETWOOD GROUP WHICH SUPPLIES LABRATORY FURNITURE AND FIXTURES TO HOPE. | 0 |
| CREATIVE DINING SERVICES | |||
| MR. RICHARD FROST IS A KEY EMPLOYEE OF HOPE COLLEGE AND THE CHAIRPERSON | $9,905,831 | MR. RICHARD FROST IS THE CHAIRPERSON OF CREATIVE DINING SERVICES. FINANCIAL ARRANGEMENT IS COMPETITIVELY PRICED. COSTS INCLUDE FOOD SERVICE MANAGEMENT OF $300,000 AND FOOD SERVICE COSTS OF $9,605,831. | 0 |
Schedule M IRS990ScheduleM
Art Fractional Interest ArtFractionalInterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $855 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 57 | ContributionCnt |
| Noncash Contributions Rpt F990 | $566,445 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | NYSE - FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | WATERFOWL COLLECTION | 1 | $2,990 | FMV |
| Yes (X) | OTHER | 11 | $2,943 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION USES A STOCK BROKER TO SELL SECURITIES SHORTLY AFTER RECEIPT. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | HOPE COLLEGE AMENDED ITS BYLAWS DURING THE FISCAL YEAR WHICH INCLUDED THE FOLLOWING SIGNIFICANT CHANGES: 1. THE BOARD OF TRUSTEES SHALL NOW BE COMPOSED OF NO FEWER THAN 27 PERSONS. 2. THE AT-LARGE MEMBERS SHALL NOT BE COMPOSED OF MORE THAN 10 MEMBERS. 3. TRUSTEES MUST ATTEND THE MEETINGS IN PERSON IN ORDER TO BE CONSIDERED PRESENT AT THE ANNUAL OR REGULAR BOARD MEETINGS FOR QUORUM PURPOSES. 4. THE AUDIT AND COMPLIANCE COMMITTEE EXPANDED ITS DUITIES TO INCLUDE ADDRESSING AND EVALUATING COMPLIANCE ISSUES. |
| FORM 990, PART VI, SECTION B, LINE 11 | MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ARE PROVIDED WITH A REASONABLE OPPORTUNITY TO REVIEW AND COMMENT TO EXECUTIVE LEADERSHIP ON THE FORM 990 OF HOPE COLLEGE BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FURTHER, THE EXECUTIVE LEADERSHIP OF HOPE COLLEGE PROVIDES THE MINUTES OF THE AUDIT COMMITTEE FORM 990 REVIEW TO THE BOARD OF TRUSTEES SHOWING AN OVERVIEW OF THE HIGHLIGHTS AT THE NEXT REGULARLY SCHEDULED BOARD MEETING FOLLOWING THE FILING OF THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS OF THE BOARD OF TRUSTEES PREPARE AND SIGN CONFLICT STATEMENTS ANNUALLY. THESE STATEMENTS ARE REVIEWED AND PROVIDED TO TRUSTEE MEMBERS AT THE OCTOBER BOARD OF TRUSTEE MEETING TO ENSURE COMPLIANCE WITH THE CONFLICT POLICY. MEMBERS OF THE COMMITTEE WITH A PERSONAL INVOLVEMENT IN A PARTICULAR DECISION WILL EXCUSE THEMSELVES FROM DISCUSSION LEADING TO A DECISION AND FROM THE DECISION ITSELF, AND THIS DISCLOSURE AND ABSENCE WILL BE NOTED IN THE MINUTES OF THE MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES (BOT) APPROVES A RECOMMENDED COMPENSATION INCREASE BROUGHT TO THE BOT FROM THE CFO. THE COMPENSATION INCREASE IS HIGHLY CORRELATED TO THE TUITION INCREASE APPROVED FOR THE FOLLOWING ACADEMIC YEAR. THE RATES RECOMMENDED ARE DETERMINED BY LOOKING AT THE FOLLOWING FACTORS: COST OF LIVING (CPI), CUPA (COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION) SURVEYS, AND THE LAKESHORE HUMAN RESOURCES MANAGEMENT ASSOCIATION SURVEYS - WHICH IS A CHAPTER OF THE SOCIETY OF HUMAN RESOURCES MANAGEMENT (SHRM). SINCE WE ARE NOT A UNION" SCHOOL WE DO NOT HAVE DELIBERATION BUT IF DISCUSSION DOES OCCUR DURING THE BOT APPROVAL PROCESS, IT WOULD BE DOCUMENTED IN THE BOT MINUTES FOR THAT SPECIFIC MEETING. THE CEO'S (PRESIDENT'S) COMPENSATION IS BASED UPON A RECOMMENDATION FROM THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND IS THEN APPROVED BY THE FULL BOARD OF TRUSTEES. COMPARISON DATA IS USED ALONG WITH EVALUATION OF PERFORMANCE IN THEIR DECISION. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION MAKES FORM 990 AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN SPLIT VALUE INTEREST AGREEMENTS -303,771. CHANGE IN POST RETIREMENT -283,667. CHANGE IN VALUE OF SWAP AGREEMENTS -1,123,467. |
| FORM 990, PART XII, LINE 2C: | THE OVERSIGHT PROCESS FOR THE AUDIT HAS NOT CHANGED SINCE LAST YEAR. |
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