2015-01-21T09:05:40-06:00 2014-05-31 410746749 CLIFTONLARSONALLEN LLP 818 SECOND ST SO SUITE 320 WAITE PARK MN 56387 990 2013-06-01 410693962 MACALESTER COLLEGE MACA 6516966000 1600 GRAND AVENUE ST PAUL MN 55105 DAVID WHEATON VP FOR ADMIN & FINANCE 6516966000 2015-01-14 1 KAREN GRIES P00078514 6123764500 2013 2016-02-25 16:41:14Z X DAVID WHEATON 1600 GRAND AVENUE ST PAUL MN 55105 238495554 0 X WWW.MACALESTER.EDU X 1874 MN MACALESTER IS A FOUR-YEAR HIGHLY-SELECTIVE LIBERAL ARTS COLLEGE. 34 33 2730 1800 -317661 -320533 13026676 15163317 101367376 105187247 47350250 44266201 1512592 1461695 163256894 166078460 44631613 44870226 0 0 59536014 60123999 0 0 4279243 40589185 42757889 144756812 147752114 18500082 18326346 980923048 1038453296 122419369 114236773 858503679 924216523 X MACALESTER COLLEGE IS COMMITTED TO BEING RECOGNIZED AS A PREEMINENT LIBERAL ARTS COLLEGE KNOWN FOR HIGH STANDARDS OF SCHOLARSHIP AND TEACHING WITH SPECIAL EMPHASIS ON INTERNATIONALISM, MULTICULTURALISM, AND SERVICE. 0 0 94380940 44821726 79146133 SEE SCHEDULE O. INSTRUCTION OF STUDENTS AND ACADEMIC SUPPORT OF INSTRUCTION: MACALESTER PREPARES STUDENTS FOR WORLD CITIZENSHIP THROUGH ITS BROAD-BASED, RIGOROUS LIBERAL ARTS EDUCATION. STUDENTS FROM 49 STATES AND MORE THAN 94 COUNTRIES EXPERIENCE AN ACADEMIC PROGRAM THAT RANKS AMONG THE TOP 25 IN THE NATION. TO SUPPORT STUDENT TEACHING AND LEARNING, MACALESTER MAINTAINS A STUDENT FACULTY RATIO OF 10:1, WITH AN AVERAGE CLASS SIZE OF 17. STUDENTS CAN CHOOSE FROM AMONG 38 MAJORS AND 35 MINORS, COMPRISED OF MORE THAN 800 COURSES. MACALESTER IS COMMITTED TO ADMITTING AN ECONOMICALLY DIVERSE STUDENT BODY AND MEETS THE FULL FINANCIAL NEED OF EVERY ADMITTED STUDENT. NEARLY TWO THIRDS OF STUDENTS STUDY ABROAD. MACALESTER'S SEVEN ACADEMIC FACILITIES AND LIBRARY BOAST STATE-OF-THE ART TECHNOLOGY, INCLUDING SCIENCE LABORATORIES AND A LEED PLATINUM CERTIFIED BUILDING. ENROLLMENT FOR FALL 2013 WAS 2,039 AND 472 STUDENTS GRADUATED DURING THE 2013-2014 FISCAL YEAR. 20385961 0 17095295 STUDENT SERVICES: THE CO-CURRICULAR STUDENT EXPERIENCE IS CRITICAL TO MACALESTER'S MISSION. TO SUPPORT A VIBRANT STUDENT EXPERIENCE, MACALESTER PROVIDES A RANGE OF STUDENT SERVICES AND SUPPORT. WITH MORE THAN 100 STUDENT-RUN CLUBS AND ORGANIZATIONS, MACALESTER STUDENTS HAVE SIGNIFICANT LEADERSHIP OPPORTUNITIES. THE CAREER DEVELOPMENT CENTER HELPS STUDENTS GAIN VALUABLE WORK EXPERIENCE AND PLAN THEIR CAREERS UPON GRADUATION. THE LEONARD CENTER ATHLETIC AND WELLNESS COMPLEX HOUSES TRAINING AND COMPETITION AREAS AND PROVIDES FITNESS AND WELLNESS PROGRAMS. MACALESTER COMPETES IN NCAA DIVISION III AND SUPPORTS 19 MEN'S AND WOMEN'S SPORTS. DURING THE 2013-14 FISCAL YEAR, INTRAMURAL ATHLETICS HAD OVER 1,100 PARTICIPANTS. 9789843 0 8209584 DORMITORIES AND DINING HALLS: MACALESTER IS A RESIDENTIAL CAMPUS, LOCATED ON 53 ACRES IN THE CENTER OF A MAJOR U.S. METROPOLITAN AREA. FIRST YEAR AND SECOND YEAR STUDENTS ARE REQUIRED TO LIVE ON CAMPUS; OVERALL TWO THIRDS OF STUDENTS LIVE ON CAMPUS. MACALESTER HAS TEN RESIDENCE HALLS, SIX LANGUAGE HOUSES, AND SIX THEME RESIDENCES (ECOHOUSE, CULTURAL HOUSE, ALL-GENDER COMMUNITY, INTERFAITH HOUSE, VEGGIE CO-OP, AND STUDY ABROAD HOUSE). THE DINING HALL IS LOCATED IN THE CAMPUS CENTER, WHICH CREATES A VIBRANT LIVING-LEARNING COMMUNITY. LOCALLY-SOURCED ORGANIC FOODS ARE MAXIMIZED IN DINING OPERATIONS. FOOD SCRAPS ARE SENT TO A LOCAL FARM RATHER THAN TO A LANDFILL. SUSTAINABILITY IS AN IMPORTANT PRIORITY FOR THE COLLEGE; IN RESIDENCE HALLS AND DINING HALLS, STUDENTS ARE ENCOURAGED TO REDUCE ENERGY USE. 2328921 48500 1952990 OTHER SERVICES - RESEARCH, PUBLIC SERVICES, POST OFFICE, ETC. 2328921 48500 1952990 126885665 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 2637 0 2730 1 1 1 1 AU 0 0 0 0 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN CA X DAVID WHEATON 6516966000 1600 GRAND AVENUE ST PAUL MN 55105 BRIAN ROSENBERG PRESIDENT 40.00 0.00 X X 550860 0 193108 PETER AHN TRUSTEE 1.00 0.00 X 0 0 0 PAUL ANDERSON TRUSTEE 1.00 0.00 X 0 0 0 ANNE CRANDALL CAMPBELL TRUSTEE 1.00 0.00 X 0 0 0 JERRY CRAWFORD TRUSTEE 1.00 0.00 X 0 0 0 RUTH STRICKER DAYTON TRUSTEE 1.00 0.00 X 0 0 0 DAVID DENO CHAIR 1.00 0.00 X X 0 0 0 R LAWRENCE DESSEM TRUSTEE 1.00 0.00 X 0 0 0 MAURA DONOVAN TRUSTEE 1.00 0.00 X 0 0 0 STEVEN EULLER VICE CHAIR 1.00 0.00 X X 0 0 0 PETER FENN VICE CHAIR 1.00 0.00 X X 0 0 0 TIMOTHY HART-ANDERSEN TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL HUBER TRUSTEE 1.00 0.00 X 0 0 0 LIZ HUME TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA HURLEY TRUSTEE 1.00 0.00 X 0 0 0 AUKSE JURKUTE TRUSTEE 1.00 0.00 X 0 0 0 CARRIE NORBIN KILLORAN SECRETARY 1.00 0.00 X X 0 0 0 MICHAEL KLINGENSMITH TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY LARSON TRUSTEE 1.00 0.00 X 0 0 0 JOHN LAW TRUSTEE 1.00 0.00 X 0 0 0 MARK LEONARD TRUSTEE 1.00 0.00 X 0 0 0 LEE NYSTROM TRUSTEE 1.00 0.00 X 0 0 0 PAUL OLSON TREASURER 1.00 0.00 X X 0 0 0 SANDRA ORTIZ TRUSTEE 1.00 0.00 X 0 0 0 SARA PETERSON TRUSTEE 1.00 0.00 X 0 0 0 JUAN RADA TRUSTEE 1.00 0.00 X 0 0 0 JAMES REISSNER TRUSTEE 1.00 0.00 X 0 0 0 SUSAN DUNST SCHWARTZ VICE CHAIR 1.00 0.00 X X 0 0 0 MICHAEL SNEED TRUSTEE 1.00 0.00 X 0 0 0 BRUCE SOLTIS TRUSTEE 1.00 0.00 X 0 0 0 REBECCA VAN DYCK TRUSTEE 1.00 0.00 X 0 0 0 MARK VANDER PLOEG TRUSTEE 1.00 0.00 X 0 0 0 JON WALTON TRUSTEE 1.00 0.00 X 0 0 0 JO OPDYKE WILHELM TRUSTEE 1.00 0.00 X 0 0 0 DAVID WHEATON VP FOR ADMIN & FINANCE 40.00 0.00 X 224573 0 39259 MANSCO PERRY III CHIEF INVESTMENT OFFICER 40.00 0.00 X 274803 0 38389 KATHLEEN MURRAY PROVOST/DEAN OF FACULTY 40.00 0.00 X 268028 0 37591 THOMAS BONNER VP FOR ADVANCEMENT 40.00 0.00 X 237102 0 41346 LORNE ROBINSON DEAN OF ADMISS. & FIN. AID 40.00 0.00 X 171853 0 17706 LAURIE HAMRE VP FOR STUDENT AFFAIRS 40.00 0.00 X 152668 0 22156 ADAM TOSH SENIOR INVESTMENT OFFICER 40.00 0.00 X 185042 0 17007 DAVID LANEGRAN PROFESSOR 40.00 0.00 X 160210 0 26272 JERRY SANDERS ASSOCIATE VP, ITS 40.00 0.00 X 150489 0 27341 TIMOTHY TAYLOR PROFESSOR 40.00 0.00 X 146486 0 32518 CHRISTY HANSON DEAN OF IGC 40.00 0.00 X 145057 0 15570 2667171 0 508263 86 0 1 0 MCGOUGH CONSTRUCTION 2737 FAIRVIEW AVENUE NORTH ST PAUL MN 55113 CONSTRUCTION 18894845 BON APPETIT MANAGEMENT CO 91337 COLLECTIONS DRIVE CHICAGO IL 60603 FOOD SERVICE 5105580 NORTHERN TRUST 50 LASALLE STREET CHICAGO IL 60603 INVESTMENT CUSTODIAN 1640424 WORLD LEARNING INC KIPLING ROAD PO BOX 676 BRATTLEBORO VT 05302 STUDY ABROAD PROGRAM 1022944 METROPOLITAN MECHANICAL CONTRACTORS INC 7450 FLYING CLOUD DR EDEN PRAIRIE MN 55344 MECHANICAL CONTRACTOR 805277 26 1880264 13283053 125776 15163317 TUITION & FEES 611710 90305138 90305138 SALES & SERVICE OF AUX 611710 14882109 14882109 105187247 16964236 -357344 17321580 1152552 907612 244940 244940 37105 207835 98811447 71263858 245624 27547589 -245624 27301965 27301965 MISCELLANEOUS REVENUE 900099 1216755 1214177 2578 1216755 166078460 106401424 -317661 44831380 48500 48500 44821726 44821726 2267352 670002 1159999 437351 44959131 37105193 5664511 2189427 3232101 2712214 324796 195091 6595137 5464807 793523 336807 3070278 2490671 408384 171223 146640 4645 138819 3176 80369 80369 91564 91564 1548860 1548860 1158320 462301 649329 46690 27762 10528 12609 4625 5686293 4415049 725615 545629 1694573 313721 1326492 54360 3262455 3002955 255152 4348 2051204 1743420 165517 142267 246460 167872 69408 9180 3099489 3086466 13023 8348096 7555718 792378 299635 249722 47914 1999 OTHER OUTSIDE SERVICES 5642925 4960918 660002 22005 STUDY AWAY PROGRAMS 4403908 4403908 BOOKS, PERIODICALS, ART 1414911 1388536 13491 12884 MINOR EQUIPMENT 1225070 616633 578371 30066 2329355 1190160 1067080 72115 147752114 126885665 16587206 4279243 84317203 73161673 8119082 6985902 453815 590135 5739274 6104590 1716049 1673619 319087321 97250264 209975325 221837057 288082451 322231128 353730805 374288204 28789044 31580988 980923048 1038453296 14540065 11577336 4524886 4525093 1230771 1069415 90358663 86210000 11764984 10854929 122419369 114236773 X 180087530 193148809 324509448 369710313 353906701 361357401 858503679 924216523 980923048 1038453296 X 18326346 43324818 4061680 X 0 1 X 1 1 1 X 14488257 17075969 16470674 13026676 15163317 76224893 14488257 17075969 16470674 13026676 15163317 76224893 1751013 74473880 11404159 11943262 15241735 15144710 18116788 71850654 187957 187957 1080579 1079454 991079 1229996 1216755 5597863 153861367 483300716 0.48400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2009 AMOUNT: $ 1,080,579. 2010 AMOUNT: $ 1,079,454. 2011 AMOUNT: $ 991,079. 2012 AMOUNT: $ 1,229,996. 2013 AMOUNT: $ 1,216,755. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 91564 91564 143381307 143472871 1000000 250000 0 0 1000000 1000000 2000000 3000000 80438 91564 172002 250000 250000 500000 750000 PART I-A, LINE 1 MACALESTER COLLEGE IS A MEMBER OF THE MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. MACALESTER PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $127,972 DURING THE FISCAL YEAR. BASED ON FIGURES PROVIDED BY MPCC, $91,564 OF MACALESTER'S DUES WENT, IN PART, TOWARD LOBBYING. 663324373 3277124 83608954 21861979 7433195 2472841 718442436 597674972 2347751 96843007 22085432 8826115 2629810 663324373 638449674 4229032 -10495862 22528016 9742856 2237000 597674972 572459775 1203062 97223301 22808234 7688303 1939927 638449674 523140564 4137481 77027500 22142081 7857812 1845877 572459775 0.08000 0.43000 0.49000 1 0 1740824 1740824 14559153 289106403 86953947 216711609 13680941 10296317 3384624 221837057 LP INTEREST IN DOM EQ 104630707 F LP INTEREST IN PRIVATE EQ 106534129 F LP INT IN HEDGE FUNDS 69136269 F LP INT IN REAL EST. 28914270 F LP INT IN NAT. RES. 65072829 F 374288204 DEPOSITS 256548 INTEREST RATE SWAP AGREEMENT 892536 LIAB UNDER PLANNED GIVING AGMTS 8664083 UNAMORTIZED BOND PREMIUM 1041762 10854929 X 212732146 43324818 4969292 48294110 164438036 1640424 1640424 166078460 147019302 907612 907612 146111690 1640424 1640424 147752114 PART V, LINE 4: MACALESTER COLLEGE USES THE EARNINGS FROM ITS ENDOWMENT FUNDS FOR SCHOLARSHIPS, PRIZES, AWARDS, LIBRARY SUPPORT, PROGRAM SUPPORT, FACULTY SUPPORT, AND RESEARCH IN ACCORDANCE WITH DONOR RESTRICTIONS WHERE APPLICABLE. PART X, LINE 2: THE COLLEGE'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON TECHNICAL MERITS. THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSES OR BENEFIT. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS 888,638. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 2,781,573. CHANGE IN VALUE OF INTEREST RATE SWAP 391,469. RENTAL EXPENSE 907,612. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 907,612. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MACALESTER COLLEGE PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE, IN ITS COLLEGE CATALOG, AND ON ITS APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 MACALESTER COLLEGE RECEIVES TITLE IV FUNDING FROM THE UNITED STATES DEPARTMENT OF EDUCATION (I.E. PELL, SEOG, FEDERAL WORK STUDY, DIRECT LOAN PROGRAM, AND PERKINS LOAN PROGRAM). MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE ARCHAEOLOGICAL 28537 EUROPE 0 0 PROGRAM SERVICE STUDENT RECRUITMENT 14850 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE STUDENT RECRUITMENT 33000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE STUDENT RECRUITMENT 7150 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 107722 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 538759 EUROPE 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 1960673 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 219855 NORTH AMERICA 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 495686 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 13905 SOUTH AMERICA 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 795395 SOUTH ASIA 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 89330 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICE STUDY ABROAD PROGRAMS 229983 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE GRANT RESEARCH 5000 EUROPE 0 0 PROGRAM SERVICE GRANT RESEARCH 75000 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE GRANT RESEARCH 5000 EUROPE 0 0 PROGRAM SERVICE CLASS TRIP 56811 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 45793209 EUROPE 0 0 INVESTMENTS 18069031 0 0 0 0 0 0 2910546 65628350 68538896 1 0 0 1 1 0 PART I, LINE 3: EXPENDITURES ARE RECORDED AS EXPENSES IN THE COLLEGE'S GENERAL LEDGER WHEN THE EXPENSES ARE INCURRED, OTHERWISE KNOWN AS THE ACCRUAL METHOD OF ACCOUNTING. 1 MACALESTER GROVELAND COMMUNITY COUNCIL 320 GRIGGS ST ST PAUL MN 55105 411414691 501(C)(3) 30500 N/A N/A SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD FAMILY TREE CLINIC 1619 DAYTON AVE STE 205 ST PAUL MN 55104 237133742 501(C)(3) 5000 N/A N/A SUPPORT OF THE DEAF & BLIND WOMEN'S HEALTH PROGRAM MACALESTER-SUMMIT HILL LIVING AT HOME PROGRAM 1600 GRAND AVE ST PAUL MN 55105 411745779 501(C)(3) 5000 N/A N/A SUPPORT FOR LOCAL HOME NURSE PROGRAM TRANSIT FOR LIVABLE COMMUNITIES 2356 UNIVERSITY AVE W SUITE 403 ST PAUL MN 55114 411833066 501(C)(3) 8000 N/A N/A SUPPORT FOR LOCAL TRANSIT ADVOCACY GROUP 4 0 SCHOLARSHIPS AND GRANTS TO STUDENTS 1544 44821726 0 N/A N/A PART I, LINE 2: WHEN DETERMINING THE AMOUNT OF FINANCIAL AID A STUDENT WILL RECEIVE, THE FINANCIAL AID OFFICE FIRST CALCULATES HOW MUCH THE STUDENT'S FAMILY CAN REASONABLY AFFORD. THIS CALCULATION RELIES ON TWO PRIMARY SOURCES OF INFORMATION: 1) A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA); AND 2) A FINANCIAL AID PROFILE; BOTH OF WHICH ARE COMPLETED BY THE FAMILY. THE FINANCIAL AID OFFICE AWARDS A FINANCIAL AID PACKAGE THAT FILLS THE GAP BETWEEN THE CALCULATED AMOUNT THE STUDENT'S FAMILY CAN REASONABLY AFFORD AND THE COST OF ATTENDING MACALESTER COLLEGE. SCHEDULE I, PART I, LINE 2: THE COLLEGE'S HIGH WINDS FUND AWARDS SMALL GRANTS TO NEIGHBORHOOD ORGANIZATIONS WORKING TO MAKE OUR NEIGHBORHOOD A VIBRANT PLACE TO LIVE, AND TO LOCAL NEIGHBORHOOD COUNCILS COMMITTED TO AREA LIVABILITY ISSUES. GRANT RECIPIENTS ARE REQUIRED TO SUBMIT A REPORT DESCRIBING USE OF GRANT FUNDS AT LEAST ANNUALLY OR AT THE CLOSE OF A SPECIFIC PROJECT. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 BRIAN ROSENBERG PRESIDENT 491367 0 0 0 59493 0 125500 0 67608 0 743968 0 0 0 DAVID WHEATON VP FOR ADMIN & FINANCE 223618 0 0 0 955 0 23459 0 15800 0 263832 0 0 0 MANSCO PERRY III CHIEF INVESTMENT OFFICER 273038 0 0 0 1765 0 25000 0 13389 0 313192 0 0 0 KATHLEEN MURRAY PROVOST/DEAN OF FACULTY 263421 0 0 0 4607 0 25500 0 12091 0 305619 0 0 0 THOMAS BONNER VP FOR ADVANCEMENT 235662 0 0 0 1440 0 24550 0 16796 0 278448 0 0 0 LORNE ROBINSON DEAN OF ADMISS. & FIN. AID 171223 0 0 0 630 0 17155 0 551 0 189559 0 0 0 LAURIE HAMRE VP FOR STUDENT AFFAIRS 151843 0 0 0 825 0 15347 0 6809 0 174824 0 0 0 ADAM TOSH SENIOR INVESTMENT OFFICER 184877 0 0 0 165 0 5047 0 11960 0 202049 0 0 0 DAVID LANEGRAN PROFESSOR 157754 0 0 0 2456 0 14873 0 11399 0 186482 0 0 0 JERRY SANDERS ASSOCIATE VP, ITS 149653 0 0 0 836 0 15519 0 11822 0 177830 0 0 0 TIMOTHY TAYLOR PROFESSOR 146197 0 0 0 289 0 15431 0 17087 0 179004 0 0 0 CHRISTY HANSON DEAN OF IGC 144875 0 0 0 182 0 15087 0 483 0 160627 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE COLLEGE ONLY PAYS THE TRAVEL EXPENSES OF THE PRESIDENT'S SPOUSE IF THE PURPOSE OF HER TRIP IS RELATED TO COLLEGE BUSINESS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE COLLEGE'S PRESIDENT IS PROVIDED WITH A HOUSE AS A CONDITION OF EMPLOYMENT. THE HOUSE IS USED FOR BOTH BUSINESS AND PERSONAL PURPOSES. HOUSEKEEPING SERVICES FOR THE HOUSE ARE ALSO PROVIDED. PERSONAL SERVICES: THE COLLEGE PAYS FOR THE PRESIDENT'S TAX PREPARATION AND ESTATE PLANNING. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: ELIGIBLE COLLEGE EMPLOYEES RECEIVE AN ANNUAL RETIREMENT PLAN CONTRIBUTION FROM THE COLLEGE EQUAL TO 10% OF ELIGIBLE SALARY, SUBJECT TO IRS ANNUAL LIMITATIONS. BECAUSE THE PRESIDENT'S COMPENSATION TRIGGERS THE LIMITATION EFFECT, THE COLLEGE SUPPLEMENTS THE PRESIDENT'S ANNUAL CASH COMPENSATION WITH AN AMOUNT THAT BRINGS THE RETIREMENT PLAN CONTRIBUTION TO THE LEVEL OF OTHER PARTICIPANTS IN THE PLAN. THE COLLEGE OFFSETS THE INCOME TAX BURDEN OF THIS ADDITIONAL COMPENSATION BY GROSSING UP THE WAGES FOR THE YEAR. THIS ADDITIONAL COMPENSATION IS REPORTED ON THE EMPLOYEE'S W-2. THE COLLEGE SUPPLEMENTS THE LIFE INSURANCE OFFERED THROUGH ITS BENEFIT PLANS WITH AN ADDITIONAL POLICY FOR THE PRESIDENT OF THE COLLEGE. THE PRESIDENT PAYS THE ANNUAL PREMIUM FOR THE POLICY AND IS REIMBURSED BY THE COLLEGE. UNDER IRS RULES, SUCH PAYMENT MUST BE REPORTED AS TAXABLE COMPENSATION TO THE EMPLOYEE. THE COLLEGE OFFSETS THE INCOME TAX BURDEN OF THIS COMPENSATION BY GROSSING UP THE WAGES FOR THE YEAR. THIS ADDITIONAL COMPENSATION IS REPORTED ON THE EMPLOYEE'S W-2. IT IS THE COLLEGE'S PRACTICE TO OFFSET THE INCOME TAX BURDEN OF CERTAIN DOMESTIC PARTNER BENEFITS BY GROSSING UP THE AFFECTED EMPLOYEES' WAGES. MANY EMPLOYEES BENEFIT FROM THIS PRACTICE, BUT ONLY THE PROVOST IS AMONG THE "LISTED PERSONS" NOTED IN FORM 990, PART VII, SECTION A. ANY ADDITIONAL COMPENSATION RELATED TO THIS PRACTICE IS REPORTED AS TAXABLE INCOME ON THE W-2'S FOR ALL AFFECTED EMPLOYEES. PART I, LINE 4B THE COLLEGE'S PRESIDENT IS THE SOLE PARTICIPANT IN A NONQUALIFIED RETIREMENT PLAN. THE COLLEGE PLACED $100,000 IN THE PLAN DURING THE FISCAL YEAR COVERED BY THIS REPORT. CERTAIN TIME-IN-SERVICE AND PERFORMANCE REQUIREMENTS MUST BE MET FOR THE PRESIDENT TO RECEIVE THE PLAN'S ASSETS. A MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 6041518J2 2003-02-20 15300000 DORMITORY IMPROVEMENTS 0 0 0 B MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HJJ4 2007-03-07 39470869 CONST/REFINANCE BONDS 0 0 0 C MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HVY7 2010-12-17 16248711 BLDG RENOVATION 0 0 0 D MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HZK3 2012-12-12 15166520 BLDG RENOVATION 0 0 0 A 15300000 300000 15000000 2004 0 0 1 1 B 9245000 39470869 421182 22000000 2008 1 0 1 1 C 720000 16248711 183150 16065561 2012 0 0 1 1 D 15166520 166520 15000000 2014 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 0 1 RBC 0.080000000000 0 1 1 FSA CAPITAL MGMT 1.080000000000 1 0 1 C 0 1 1 0 0 0 0 0 1 D 0 1 1 0 0 0 0 0 1 A 0 B 0 C 0 D 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2007 ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2012 A MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 2014-02-01 3995000 REFINANCE BONDS 0 0 0 A 3995000 3995000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 0 0 0 1 A 0 X 14 125776 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTORS ON SCHEDULE M, PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11 INFORMATION FOR THE FORM 990 IS COMPILED BY COLLEGE PERSONNEL AND SUBMITTED TO THE COLLEGE'S AUDIT FIRM, WHO PREPARES A DRAFT OF THE FORM. THIS DRAFT IS REVIEWED BY THE COLLEGE'S VP FOR ADMINISTRATION AND FINANCE, ASSISTANT VP FOR FINANCE, AND DIRECTOR OF ACCOUNTING. ONCE A FINAL DRAFT OF THE FORM IS READY, EACH MEMBER OF THE BOARD OF TRUSTEES IS E-MAILED A COPY FOR REVIEW (WITH SCHEDULE B INFORMATION REDACTED). ALL BOARD MEMBERS ARE INSTRUCTED TO REVIEW THE FORM AND PROVIDE FEEDBACK PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE SENT A CONFLICT OF INTEREST PACKET THAT INCLUDES A COPY OF THE CONFLICT OF INTEREST POLICY AND A QUESTIONNAIRE. COMPLETED QUESTIONNAIRES ARE RETURNED TO THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE, WHERE THEY ARE REVIEWED FOR INTERESTS THAT COULD GIVE RISE TO CONFLICTS. IF A CONFLICT EXISTS AT ANY TIME DURING THE YEAR, THE AFFECTED BOARD MEMBER(S) MUST ABSTAIN FROM ANY DELIBERATIONS AND VOTING ON THE TOPIC TO WHICH THE CONFLICT APPLIES. THESE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR, THE DIRECTOR OF EMPLOYMENT SERVICES COMPILES DATA TO SUPPORT THE WORK OF THE BOARD OF TRUSTEES' SENIOR LEADERSHIP REVIEW COMMITTEE REGARDING THE COMPENSATION OF THE PRESIDENT. THE DATA ARE COMPILED USING RELEVANT INDEPENDENT AND PEER GROUP SALARY SURVEYS AND ARE SHARED WITH ALL MEMBERS OF THE COMMITTEE. THE COMMITTEE IS ALSO MADE AWARE OF THE PLANNED INCREASES FOR ADMINISTRATIVE STAFF AS DETERMINED THROUGH THE ANNUAL BUDGET APPROVAL PROCESS. THE COMMITTEE'S FINAL DECISION REGARDING THE PRESIDENT'S COMPENSATION IS COMMUNICATED IN WRITING FOR PROCESSING AND FILING. THE COMMITTEE ALSO RECEIVES INFORMATION REGARDING THE COMPENSATION OF THE COLLEGE'S SENIOR LEADERSHIP POSITIONS ALONG WITH RELEVANT PEER GROUP COMPARATIVE DATA. FINAL DECISIONS REGARDING THE SALARIES OF THOSE INDIVIDUALS ARE THE RESPONSIBILITY OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS ARE ACCESSIBLE BY THE PUBLIC VIA THE COLLEGE'S WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS 888,638. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 2,781,573. CHANGE IN VALUE OF INTEREST RATE SWAP 391,469. PART I: AMENDED RETURN THE FORM 990 WAS AMENDED TO REFLECT CHANGES TO SCHEDULE K, PART II AND PART IV, AS WELL AS ADDITIONAL CLARIFYING INFORMATION ON THE CONFLICT OF INTEREST POLICY DISCLOSURES ON SCHEDULE O. CHARITABLE REMAINDER TRUSTS (19) INVESTMENTS MN T 0 CHARITABLE REMAINDER TRUSTS (1) INVESTMENTS CA T 0 CHARITABLE REMAINDER TRUSTS (1) INVESTMENTS MA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CHARITABLE REMAINDER TRUSTS R 128934 CASH VALUE