2015-05-12T10:57:47-05:00 2014-06-30 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2013-07-01 390826049 Ripon College % THOMAS PONTO RIPO 9207488108 PO Box 248 Suite Ripon WI 54971 Thomas Ponto VP for Finance 9207488108 2015-05-11 true Daniel V Romano P00504182 9207488108 2013 2016-02-25 16:41:14Z Zachariah P Messitte 300 Seward Street Ripon WI 54971 56503597 false X www.ripon.edu X 1851 WI Ripon College's rigorous liberal arts & sciences curriculum & active residential campus prepares students of diverse interest for lives as productive socially responsible citizens 38 37 873 425 316270 178391 6365508 8634609 32865230 34103657 1369171 5516934 481247 1238881 41081156 49494081 13111683 14370706 0 0 14195486 13275650 0 0 1834863 13656414 13685680 40963583 41332036 117573 8162045 122196166 135019121 34702393 32043140 87493773 102975981 X RIPON COLLEGE PREPARES STUDENTS OF DIVERSE INTERESTS FOR LIVES OF PRODUCTIVE, SOCIALLY RESPONSIBLE CITIZENSHIP. OUR LIBERAL ARTS CURRICULUM AND RESIDENTIAL CAMPUS CREATE AN INTIMATE LEARNING COMMUNITY IN WHICH STUDENTS EXPERIENCE A RICHLY PERSONALIZED EDUCATION. false false 35502683 14370706 34357656 Ripon College, an accredited private institution, provides a four year degree program in the liberal arts. This educational program benefits more than 871 full time equivalent students. 35502683 true true false false false false true false true true false false true true true true false true false true false false false false true false false true true true false false false false false false false false false false true false false false false true false false false true 1241 0 true 873 true true true false false false false true true true 1 false false false X 38 37 true false false true false true false true true false false true true true true true true true true false WI X THOMAS PONTO 9207488108 300 SEWARD STREET Ripon WI 54971 Thomas W Abendroth Trustee 1.0 X 0 0 0 Victoria L Bleise Trustee 1.0 X 0 0 0 Julie B Carlson Trustee 1.0 X Doreen Conforti Chemerow Trustee / Secretary 1.0 X X 0 0 0 James R Clark Trustee 1.0 X 0 0 0 James P Connelly Trustee Thru 2/2014 1.0 X SCOTT L DICKS TRUSTEE 1.0 X DENNIS G FRAHMANN TRUSTEE 1.0 X MARK FRANZEN TRUSTEE 1.0 X JANE FREDERICK TRUSTEE 1.0 X STEPHANIE GREENE TRUSTEE 1.0 X HELEN HANSEN TRUSTEE 1.0 X DAVID G HARTMAN TRUSTEE 1.0 X GUY R HENSHAW TRUSTEE 1.0 X MARCUS D HOFFMAN TRUSTEE 1.0 X DAVID JANSSEN TRUSTEE 1.0 X WILLIAM CHESTER JORDAN PHD TRUSTEE 1.0 X ROBB KAHL TRUSTEE 1.0 X ROBERT J KIRKLAND TRUSTEE / CHAIR 1.0 X X MARTIN LINDSAY TRUSTEE 1.0 X WILLIAM C MACLEOD TRUSTEE 1.0 X PHILIP K MCCULLOUGH MD TRUSTEE 1.0 X SUSAN MEIER TRUSTEE 1.0 X ZACHARIAH MESSITTE TRUSTEE / PRESIDENT 40.0 X X 225438 71602 CONNIE H MOSER TRUSTEE 1.0 X LAUREN A OTT TRUSTEE 1.0 X GARY PAGE TRUSTEE 1.0 X RONALD R PETERSON TRUSTEE / VICE CHAIR 1.0 X X MICHAEL R REESE TRUSTEE 1.0 X CHERYL K ROFER TRUSTEE 1.0 X JOHN C RYBERG TRUSTEE 1.0 X JOANN SELLECK TRUSTEE 1.0 X PAMELA PRICE SMITH trustee 1.0 X SCOTT SPILLER trustee 1.0 X RICHARD J SREDNICKI Trustee 1.0 X PETER TUZ TRUSTEE 1.0 X BRYANT VANDE KOLK TRUSTEE 1.0 X DENA G WILLMORE TRUSTEE / PAST CHAIR 1.0 X X MARK J WRIGHT TRUSTEE / TREASURER 1.0 X X Tom Ponto VP for Finance - As of 2/2014 40.0 X WAYNE P WEBSTER VP for Advancement 40.0 X 146070 27802 GERALD SEAMAN VP AND DEAN FOR FACULTY 40.0 X 133530 30468 Chris Ogle VP & Dean of Students 40.0 X 107748 26118 612786 0 155990 4 false true false Sodexo P O Box 536922 ATLANTA GA 30353 Food & Housekeeping 3767661 Lamers Bus Lines 2407 S Point Rd GREEN BAY WI 543135498 Bus Service 104521 Agnesian Work Wellness 430 E Division St FOND DU LAC WI 54935 Ath Train & Nurse 103259 3 1464157 7170452 1928505 8634609 TUITION & FEES 812900 27240413 27240413 AUXIL. ENTERPRISES 812900 6863244 6863244 34103657 1074238 -5099 1079337 0 0 0 0 0 11446635 150 7002078 2011 4444557 -1861 4442696 198686 4244010 0 66820 5427 61393 61393 0 INSURANCE CLAIM RECEIPTS 900099 717816 717816 SUMMER CAMP/CONF. 721000 137058 122683 14375 MISCELLANEOUS 812900 322614 253999 68615 1177488 49494081 34357656 316270 6185546 0 14370706 14370706 0 0 320210 253523 66687 0 10467293 8821424 572539 1073330 438082 368013 26602 43467 1318674 247710 904575 166389 731391 601832 50328 79231 0 32460 7088 25372 77047 77047 0 0 75000 75000 2609294 2217490 282510 109294 49685 17035 32650 1107934 829802 224010 54122 382186 379963 2160 63 0 1513846 1480889 32957 762687 598771 59647 104269 0 175880 88118 59420 28342 34398 31133 2871 394 0 1560341 1263153 297188 205111 178071 15279 11761 FOOD SERVICE CONTRACT 1906338 1906338 PROMOTIONS & AWARDS 567840 42269 522094 3477 REPAIRS & MAINTENANCE 538041 467428 70406 207 UBI TAX 56962 56962 2030630 1585450 351350 93830 41332036 35502683 3994490 1834863 172220 393808 2382584 2529200 4305292 4170387 861711 1639303 0 0 0 0 2822773 2970146 6945 0 300231 145014 64631085 28853925 36960683 35777160 66936841 79556377 0 0 0 0 0 0 7446886 7837726 122196166 135019121 1986901 1831347 2573474 2594564 48491 65681 23165000 23165000 0 0 0 0 1899362 1147965 0 0 5029165 3238583 34702393 32043140 X 8821751 12243067 16953587 25778806 61718435 64954108 87493773 102975981 122196166 135019121 X 8162045 6913870 406293 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1072685 X X X false 73286802 2923694 12489695 4116381 84583810 65493748 2296488 7989793 2493227 73286802 64160017 5291561 -1667270 2290560 0 0 65493748 52070009 3076708 11479108 2465808 0 0 64160017 46828587 818348 5991667 1558730 9863 0 52070009 0.02366 0.76692 0.20942 true false 560766 560766 54575734 23267103 31308631 9494585 5586822 3907763 35777160 CASH SURRENDER VALUE-LIFE INS 1440699 BOND FINANCING COSTS, NET 266276 BENEFICIAL INTEREST IN TRUSTS 5058066 WORKS OF ART 1072685 7837726 0 ANNUITIES PAYABLE 388774 DEFERRED SUPPORT/SPLIT INT. 143845 ACCRUED POSTRETIREMENT BENEFIT 1962810 CONDTNL ASSET RETIREMENT OBLIG 743154 3238583 X 41831408 6913870 511979 7425849 34405559 15088522 15088522 49494081 26349200 105686 105686 26243514 15088522 15088522 41332036 ART COLLECTION - FURTHERANCE OF EXEMPT PURPOSE Schedule D, Part III, Line 4 To enable students and community members to learn about and experience different art forms. Intended Uses of Endowment Funds Schedule D, Part V, Line 4 The organization's endowment funds are used for scholarships, academic programs and facilities to assist in furthering the mission of the college. organization's liability for uncertainty in income taxes under fin 48 schedule d, part x, question 2 As required by the uncertain tax position guidance, the College recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more-likely-than-not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The College applied the uncertain tax position guidance to all tax positions for which the statute of limitations remained open and determined there were no material unrecognized tax benefits as of that date. As of June 30, 2014, the statute of limitations is no longer open for years before 2011 for federal income tax purposes. For state income tax purposes, the statute of limitations is no longer open for years before 2010. As of June 30, 2014 and 2013, the College believes the guidance to have no effect on its financial statements. Additionally, the guidance provides for the recognition of interest and penalties related to income taxes. There were no interest or penalties related to income taxes that have been accrued or recognized as of and for the years ended June 30, 2014 and 2013. OTHER REVENUE ON FINANCIAL STMTS NOT ON FORM 990 SCHEDULE D, PART XI, LINE 2D INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 49,768 INTERDEPARTMENTAL CHARGES FOR VEHICLES & PHOTOCOPYING 100,259 GAMING REVENUE PRESENTED NET OF REVENUE 5,427 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (13,863) CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST HELD BY OTHER 370,388 TOTAL $511,979 OTHER REVENUES ON FORM 990 NOT ON FINANCIAL STMTS SCHEDULE D, PART XI, LINE 4B TUITION AND FEES REVENUE PRESENTED NET OF SCHOLARSHIPS AND GRANTS 14,370,706 INSURANCE CLAIM RECEIPTS 717,816 TOTAL $15,088,522 OTHER EXPENSES ON FINANCIAL STMTS NOT ON FORM 990 SCHEDULE D, PART XII, LINE 2D INTERDEPARTMENTAL CHARGES FOR VEHICLES & PHOTOCOPYING 100,259 GAMING EXPENSE PRESENTED NET OF REVENUE 5,427 TOTAL $105,686 OTHER EXPENSES ON FORM 990 NOT ON FINANCIAL STMTS SCHEDULE D, PART XII, LINE 4B TUITION AND FEES REVENUE PRESENTED NET OF SCHOLARSHIPS AND GRANTS 14,370,706 INSURANCE CLAIM RECEIPTS 717,816 TOTAL $15,088,522 true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy Schedule E, Part I, Line 3 Ripon College draws students nationwide. Materials used in promotional activities and recruiting efforts include a statement that Ripon College admits students of any race, color, and national or ethnic origin. Government Assistance Schedule E, Part I, Line 6a Ripon College received federal funds including all Title IV aid programs. Ripon College receives Wisconsin funds including WTG, TIP WI Minority Grants, Academic Excellence, Robert Byrd, and WI Handicap, Indian and WI Covenant Grants. Central America and the Caribbean Investments 8676965 8676965 8676965 true false false false false false 66820 5350 77 true 0.88000 66820 5350 77 5427 61393 WI true false false false 0.70000 0.30000 Lori Schulze 300 Seward Street Ripon WI 54971 false Julie Johnson 0 Conducts the athletics raffle X false COMPENSATION OF GAMING MANAGER SCHEDULE G, PART III, LINE 16 THE GAMING MANAGER IS AN EMPLOYEE OF RIPON COLLEGE. THE EMPLOYEE DOES NOT RECEIVE ANY ADDITIONAL COMPENSATION RELATING TO HER DUTIES AS THE GAMING MANAGER. true Various 838 11639022 Endowed Scholarships 452 2731684 Procedure for Monitoring Use of Grant Funds Inside United States Schedule I, Part I, Line 2 Ripon College tracks all grants issued by grant, dollar amount, student, and term. Financial Aid awards grants based on the grantees eligibility for any grant. Eligibility may be based on need, grades, majors, etc. If need based, the FAFSA will be utilized. Each grant may have unique selection criteria which is documented by the Financial Aid Department. X true true X X X false false false false false false false false false ZACHARIAH MESSITTE TRUSTEE / PRESIDENT 224491 947 14281 57321 297040 WAYNE P WEBSTER VP for Advancement 144574 1496 9115 18687 173872 GERALD SEAMAN VP AND DEAN FOR FACULTY 133530 8582 21886 163998 Housing allowance and Written Policy Schedule J, Part I, Line 1A & 1B IRS instructions to Form 990 require that the fair market value of housing provided to employees by their employer be reported on Form 990, Part VII, Section A and Schedule J, Part II (whether or not the value is deemed taxable). As a condition of employment, the President of Ripon College is required to reside in a residence on the campus premises. The residence serves both as a personal residence as well as a venue for the regular carrying on of college business. The college has determined that the value of the use of this personal-residence is not considered taxable income to the President as provided for in Internal Revenue Code Section 119. For fiscal year 2014, the value of the President's use of the residence is conservatively estimated to be $31,500. This estimate value is based on an estimated monthly rental value of the residence of $2,625/month including utilities totaling $31,500 annually. A WHEFA Adj Rate Put Option Rev Bond Series 2006 391337855 97710VH35 2006-06-29 23165000 CONTR, RENNOV, REFUND '93/'94 false false false A 0 0 24211695 0 0 0 351001 0 0 20684175 0 0 2009 true false true true A false false true false false 0.00800 0.00800 true false false true A false false false true true true M&I BANKBMOHARRIS 7. false false false 0 false false A false Schedule K, Part IV, Line 2c Schedule K, Part IV, Line 2c The rebate computation was performed on 6/1/2011. X 1371 appraised value X 49 1812846 fair market value X 1 100017 FAIR MARKET VALUE X ALUMNI & ADVANCEMENT EVTS 15 12237 COST/SELLING PRICE X STUDENT EVENTS 6 2034 COST/SELLING PRICE 1 false true true USE OF THIRD PARTY TO SOLICIT, PROCESS, OR SELL NON-CASH CONTRIBUTIONS Schedule M, Part I, Line 32B Ripon College uses BMO Harris Financial Advisors to receive stock sent DTC and to sell that stock. BMO Harris Financial Advisors holds the stock until Ripon authorizes the sale. BMO Harris Financial Advisors then sells the stock and provides a confirmation of the transaction electronically. The proceeds are sent directly to the College's bank account at BMO Harris Bank. TRUSTEES' BUSINESS RELATIONSIHP WITH OTHER TRUSTEES Form 990, Part VI, Section A, Line 2 James Connelly and James Clark possess a business relationship. Robert J. Kirkland and Thomas W. Abendroth possess a business relationship. Significant Diversion of Assets Form 990, Part VI, Section A, Line 5 During the fiscal year, the organization experienced an embezzlement scheme by an employee. The employee was fired and the organization implemented additional controls. The employee was officially charged, has pleaded guilty, and is awaiting sentencing. An insurance claim was filed and received. MEMBERS, STOCKHOLDERS, OR OTHERS WHO MAY ELECT MEMBERS TO GOVERNING BODY Form 990, Part VI, Section A, Line 7a The Board of Trustees shall elect to membership on the Board successors to those members whose terms expire on that date, with the exception of the Alumni Trustee and the Special Graduate Trustee. One of the aforesaid successors shall be recommended by the alumni and one by the student body, as hereinafter provided. Trustees shall be elected by the affirmative vote of a majority of the trustees present at the meeting. PROCESS THE ORGANIZATION USES TO REVIEW FORM 990 Form 990, Part VI, Section B, Line 11 The Form 990 is sent to each member of the Audit Committee for their review. Any necessary changes or corrections are made and a final Form 990 is sent to all members prior to filing of the return with the Internal Revenue Service. Monitoring & Enforcing COMPLIANCE WITH CONFLICT OF INTEREST POLICY Form 990, Part VI, Section B, Line 12c All employees and trustees are required to complete a conflict of interest form yearly. A summary of all forms distributed, returned, and the number with disclosures is completed. All forms with disclosures are reviewed by the President and Vice President for Finance. Those with disclosures are categorized as "not a conflict", a potential conflict but immaterial to the college, and those that require further action. If any are deemed to require further action, then those are reviewed by the Chair of the Audit Committee. If action is necessary, proper actions are taken by the college to ensure that any detrimental impact to the college is minimized or negated. Process for Determining Compensation Form 990, Part VI, Section B, Line 15a & 15b The Executive Committee shall be responsible, subject to the approval of the Board, for the appointment, compensation, and evaluation of the office of President, and shall be responsible for appontment and compensation, upon the recommendation of the President for the offices of Vice President and Dean of Faculty, Vice President and Dean of Students, Vice President for Finance, Vice president for Advancement, and Vice President and Dean of Admission and Financial Aid. The Executive Committe shall consider adjustment in the compensation of such officers on an annual basis. Salaries will be reviewed on an annual basis and any special increase/decrease differing from the annual across the board increase/decrease will be done by separate letter and sent to the Vice President for Finance no later than December 15th of each year to take effect January 1 of the next calendar year. The compensation of other officers or key employees is reviewed for reasonableness through reviews of comparable positions at peer institutions. ORGANIZATION'S POLICY REGARDING MAKING CERTAIN DOCUMENTS PUBLIC Form 990, Part VI, Section C, Line 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Other Changes in net assets or fund balances Form 990, Part XI, Line 9 Change in value of split-interest agreement (13,863) Change in value of beneficial interest in perpetual trusts held by others 370,388 Increase in cash surrender value of life insurance policies 49,768 Total Increase in Net Assets of Fund Balances $406,293 WAICUA Educ Technology Consortium 122 W Washington Avenue Madison WI 53703 203202578 IT Systems WI 501(c)(3) 11-A NA false Pooled Income Funds (3) Support WI Ripon College true Perpetual Trusts (3) Support WI Ripon College true Charitable Gift Annuities (15) Support WI Ripon College true Charitable Remainder Trust (1) Support WI Ripon College true false false false false false false false false false false false false false false false true false false false