2015-04-14T12:14:02-07:00 2014-06-30 990 2013-07-01 370673513 KNOX COLLEGE KNOX 3093417212 2 E South Street Galesburg IL 614014999 Thomas Axtell Treasurer 3093417212 2015-04-14 2013 2016-02-25 16:41:14Z Teresa L Amott Knox College 2 E South Street Galesburg IL 614014999 122010947 0 X www.knox.edu X 1837 IL Knox College is dedicated to providing a liberal arts education to students from diverse backgrounds. Our mission is carried out through: our curriculum, the character of our learning environment, our residential campus culture, and our community. 53 53 1590 700 100614 1 19231951 23280061 61820835 65158249 4628723 5114461 0 0 85681509 93552771 25753699 29310504 0 0 27113458 27710977 84476 0 2777077 18796900 18354598 71748533 75376079 13932976 18176692 162161089 195133000 48270267 50706085 113890822 144426915 Knox College is dedicated to providing a liberal arts education to students from diverse backgrounds. Our mission is carried out through: our curriculum, the character of our learning environment, our residential campus culture, and our community. 0 0 65410526 29310504 65158249 Higher Education: Our mission is carried out through our curriculum, the character of our learning environment, our residential campus culture, and our community. Knox College has a tradition of free inquiry, independent thought, and diverse perspectives. Our students choose their own path toward a degree, guided by scholar teachers who encourage them to explore ideas and places, stretch their intellect and their talents, blend thought with action, and fuse imagination with initiative. Founded in 1837 by social reformers strongly opposed to slavery, Knox was one of the first colleges in the United States open to both women and people of color. It was on our campus that Abraham Lincoln chose to denounce slavery on moral terms for the first time, during the 1858 Lincoln-Douglas Debate. With a campus population that includes students from 48 states and 51 countries, 25% U.S. students of color, and individuals from every imaginable religious and socioeconomic background, members of the Knox community are actively challenged to broaden their points of view. Knox College is a college that changes lives. (1,399 Students) 0 0 0 65410526 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 1810 0 1590 1 1 1 1 FR SP 0 0 0 0 0 0 0 0 X 53 53 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X Thomas B Axtell 3093417212 2 E South Street Galesburg IL 614014999 Anderson Thomas L Trustee 1 0 X 0 0 0 Andrew Laurel J Secretary of the Board 2 0 X 0 0 0 Bastian Joseph Trustee 1 0 X 0 0 0 Bayer Douglas Chair for Admission/Financial Aid 2 0 X 0 0 0 Bibb Harold D Life Trustee 0.25 0 X 0 0 0 Blew Susan Trustee 1 0 X 0 0 0 Carlin Nancy B Trustee 1 0 X 0 0 0 Castendyck Robert W Life Trustee 0.25 0 X 0 0 0 Cecil Jarvis B Life Trustee Chair Emeritus 0 0 X 0 0 0 DeGraff Deborah Trustee 1 0 X 0 0 0 Fridovich David P LTG Trustee 1 0 X 0 0 0 Frum Sandra E Life Trustee 0.25 0 X 0 0 0 Gibbs Charles Trustee 1 0 X 0 0 0 Glossberg Joseph B Trustee 1 0 X 0 0 0 Graham Patrick F Life Trustee 0.25 0 X 0 0 0 Harmon Don Trustee 1 0 X 0 0 0 Hartog Elzelien Trustee 1 0 X 0 0 0 Hertko Joyce Trustee 1 0 X 0 0 0 Hinz Mary M Life Trustee 0.25 0 X 0 0 0 Jacobson Gary L Trustee 1 0 X 0 0 0 Jaffe Erica A Trustee 1 0 X 0 0 0 Jamieson Robert Life Trustee 0.25 0 X 0 0 0 Kerous Frank J Life Trustee 0.25 0 X 0 0 0 Kilts James M Life Trustee 0.25 0 X 0 0 0 Kleine Mark Chair for Facilities/Infrastructure 2 0 X 0 0 0 Koran Janet M Trustee 0.25 0 X 0 0 0 Luetger Steven P Chair for Campus Life/Athletics 2 0 X 0 0 0 Lyn Patrick St Aubyn Trustee 1 0 X 0 0 0 Martin Dan M Life Trustee 0.25 0 X 0 0 0 Masterson Joe A Life Trustee 0.25 0 X 0 0 0 Matkov George J Jr Trustee 1 0 X 0 0 0 Perille Ann Feldman Trustee 1 0 X 0 0 0 Petrovich Dushan Chair 2 0 X 0 0 0 Podesta John D Life Trustee 0.25 0 X 0 0 0 Potter James R Trustee 1 0 X 0 0 0 Procknow Eugene A Trustee 1 0 X 0 0 0 Ramanan Hariharan Trustee 1 0 X 0 0 0 Riddell Richard V Chair for Committee on Academic Affairs 2 0 X 0 0 0 Reilly Thomas V Trustee 1 0 X 0 0 0 Rosenberg Diane S Life Trustee Chair Emeritus 1 0 X 0 0 0 Rosene Laura Trustee 1 0 X 0 0 0 Sampson Walter E Life Trustee 0.25 0 X 0 0 0 Schuler Tino H Trustee 1 0 X 0 0 0 Schulz David A Chair for Trustees 2 0 X 0 0 0 Sharry Janice Vyn Trustee 1 0 X 0 0 0 Smith Charles F Chair for Advancement 2 0 X 0 0 0 Sparks Robert Life Trustee 0.25 0 X 0 0 0 Stevenson Smith Fay Trustee 0.25 0 X 0 0 0 Tucker Caroline H Life Trustee 0.25 0 X 0 0 0 Vovis Gerald F Chair for Finance 2 0 X 0 0 0 Walter Ralph Trustee 1 0 X 0 0 0 Winning R Kyle Trustee 1 0 X 0 0 0 Amott Teresa L President 55 0 X 273346 0 9187 Behling Laura Vice President/Dean 40 0 X 86055 0 5200 Bailey Denise Secretary 40 0 X 39498 0 12091 Axtell Thomas B Treasurer/Vice President 40 0 X 145963 0 15774 Jones Vicky Assistant Secretary 40 0 X 31746 0 174 Hall Steve Vice President/Chief Information Officer 40 0 X 92953 0 19868 Holmes Beverly Vice President 40 0 X 127081 0 10609 Steenis Paul Vice President 40 0 X 126961 0 10609 Maurer Bobby Jo Controller/Assistant Treasurer 40 0 X 80683 0 9058 King Bob Sr Dir Gift Plan/Spec Counsel Legal Affairs 40 0 X 106796 0 20345 Wilson J Mark Assoc VP Major Gifts 40 0 X 111535 0 4133 Schulz Charles Registrar 40 0 X 102217 0 20189 1324834 0 137237 3 0 1 0 PJ Hoerr Inc 107 Commerce Place Peoria IL 616045285 Construction 3632716 Miller Dredge Insurance Agency PO Box 1559 Galesburg IL 61401 Insurance 619191 Associated Colleges of the Midwest Suite 220 205 West Wacker Drive Chicago IL 606061282 Off-campus programs 425639 Holabird & Root LLC 140 South Dearborn 5th Floor Chicago IL 60603 Architectural Services 206570 Generation Branding N0 121 231 Front Street Brooklyn NY 11201 Branding and Communication Consultants 188007 15 0 0 0 0 1616273 21663788 5982393 23280061 Tuition and Fees 611310 54116126 54116126 0 0 Auxiliary Enterprises--Catering 722320 76795 0 76795 0 Auxiliary Enterprises--Bookstore 451211 24167 0 24167 0 Auxiliary Enterprises--Program 611710 9439518 9439518 0 0 1501643 1501643 0 0 65158249 1360621 0 -348 1360969 0 0 0 0 0 0 0 0 0 0 32212016 0 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payable 1081064 21115269 X 77713042 13470775 0 0 0 13470775 64242267 0 29310504 29310504 93552771 46065575 0 0 0 0 0 46065575 0 29310504 29310504 75376079 Schedule D, Part III, Line 1 The College has collections of valuable artwork, papers, and other memorabilia that were donated to the College. These items are on display and are used by educators, researchers, historians, and others. However, all proceeds from any sales of collections, or items in a collection, must be used to acquire other items for collections. (From Note 1 Knox College Financial Statements and Independent Auditor's Report For the Year Ended June 30, 2014.) Schedule D, Part III, Line 4 The College has collections of valuable artwork, papers, and other memorabilia that were donated to the College. These items are on display and are used by educators, researchers, historians, and others. . (From Note 1 Knox College Financial Statements and Independent Auditor's Report For the Year Ended June 30, 2014.) Schedule D, Part V, Line 4 Schedule D, Part V, Line 4 The College's endowment consists of several individual funds established for a variety of purposes: scholarships, professorships, library, lectureships, research, prizes, and donor specified educational activities. Included in these funds are both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. (From Note 20 of Knox College Financial Statements and Independent Auditor's Report For the Year Ended June 30, 2014.) Schedule D, Part X, Line 2 NOTE 2 - INCOME TAX STATUS The College is a not-for-profit entity as described in Section 501(c)(3) of the Internal Revenue Code (IRC) and is exempt from federal income taxes on related income pursuant to Section 501(a) of the IRC. The College follows authoritative guidance issued by the Financial Accounting Standards Board (FASB) that clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a recognition threshold of more-likely-than-not to be sustained upon examination. Measurement of the tax uncertainty occurs if the recognition threshold has not been met. This guidance also addresses derecognition, classification, interest and penalties, disclosure, and transition. The College conducts business in the U.S. and, as a result, files information returns for U.S. and Illinois. In the normal course of business, the College is subject to examination by taxing authorities. The College's information returns for years subsequent to fiscal 2010 are open, by statute, for review by authorities. However, at present, there are no ongoing income tax audits or unresolved disputes with the various tax authorities that the College currently files or has filed with. Schedule D, Part XI, Line 4b Student Aid, Scholarships, and Prizes $29,310,504. Schedule D, Part XII, Line 4b Student Aid, Scholarships, and Prizes $29,310,504. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Schedule E Schools - Lines1-4 #3 Knox College's nondiscrimination policy is clearly stated in the College catalog, website, admissions materials, applications, and other publications. Schedule E, Part I, Line 6 Schedule E Line 6 Government Financial Aid Explanation For the fiscal year , Knox College received awards from the following federal programs: Federal Work Study, Federal Direct Loan Program, Federal Supplemental Educational Opportunity Grant Program, Federal Pell Grant, Federal Perkins Loan Program, Academic Competitiveness Grant, SMART Grant, Student Support Services Program, McNair Post-Baccalaureate Achievement, Higher Educational Institutional Aid, College Access Grant, Alcohol Research Programs, Chapter 33 Post 911 GI Bill, Department of the Interior Save America's Treasures, and Lincoln Studies Center. 1 South America 1 1 Program Services Schedule F, Part I, Line 3 Buenos Aires In cooperation with the University of Palermo in Buenos Aires, Knox offers a term of accredited academic study specially designed to emphasize the social sciences and language. Program offerings vary, but recent courses have included: Introduction to Anthropology, Popular Culture in Latin America, Argentine Society, Social Thought, and Culture, Latin American Art, History of 20th Century Latin America, Politics and Government in Latin America, Evolution of Argentine Society, Latin American Literature, Advanced Spanish Language, and Social Cinema of Argentina. Courses are taught in Spanish by University of Palermo professors. All students take a language course (which includes two educational trips outside Buenos Aires, and several within the city) and pursue a combination of electives, mostly chosen from those offered by the program. 191378 Europe (including Iceland and Greenland) 1 2 Program Services Schedule F, Part I, Line 3 Spain-Barcelona Knox, in cooperation with the University of Barcelona, offers academic study in language, the humanities and the social sciences. Students pursue a combination of courses, all taught in Spanish by professors from the University of Barcelona. Some of the courses are fitted to the particular needs of program students; other courses are from the regular University curriculum offered to Spanish students. All students live in the homes of Spanish families in Barcelona. The program has a two-week trip throughout southern Spain during Winter Break as well as other shorter educational field trips. 375755 Europe (including Iceland and Greenland) 1 1 Program Services Schedule F, Part I, Line 3 France-Besancon The Knox program is the principal American program at the University in Besancon. Besancon is a city of 120,000 people, with 20,000 students at the University. Participants take courses for foreign students in language and culture, plus several courses chosen from the regular University curriculum to meet individual needs. All courses are taught in French by the University of Besancon professors. Students with majors other than French may continue study in their major fields. All students stay with French families for the October orientation period, then live during the year or term in University dormitories with French and foreign students. 161325 3 4 728458 SCHOLARSHIPS East Asia and the Pacific 72 1210358 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS Europe (including Iceland and Greenland) 7 110083 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS North America (including Canada and Mexico, but not the United States) 10 260610 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS South America 8 185530 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS South Asia 35 752174 CREDIT TO STUDENT ACCOUNT 0 SCHOLARSHIPS Sub-Saharan Africa 23 488078 CREDIT TO STUDENT ACCOUNT 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 To remain at Knox, all degree-seeking students are expected to make satisfactory academic progress. Satisfactory progress is defined both in terms of the accumulation of credits toward the degree, and as the maintenance of a gradepoint average consistent with graduation requirements. The Financial Aid Office follows the decisions of the Academic Standing Committee in determining whether a student is meeting the College's satisfactory academic progress standards. 1 INDIVIDUAL GIFT AID (GRANTS AND/OR SCHOLARSHIPS TO STUDENTS) 1295 26303716 0 Schedule I, Part I, Line 2 To remain at Knox, all degree-seeking students are expected to make satisfactory academic progress. Satisfactory progress is defined both in terms of the accumulation of credits toward the degree, and as the maintenance of a gradepoint average consistent with graduation requirements. The Financial Aid Office follows the decisions of the Academic Standing Committee in determining whether a student is meeting the College's satisfactory academic progress standards. X X 1 1 X X 0 0 0 0 0 0 0 0 0 Amott Teresa L President 273346 0 0 0 0 0 9187 0 12000 0 294533 0 0 0 Axtell Thomas B Treasurer/Vice President 145963 0 0 0 0 0 15774 0 0 0 161737 0 0 0 Steenis Paul Vice President 126961 0 0 0 0 0 0 0 10609 0 137570 0 0 0 Schedule J, Part I, Line 1a Occasionally the President's fiance will accompany the President on College fund raising events. The College provides funding for his travel costs. These travel costs are not considered compensation as he is participating in fundraising for the College. Reimbursements for travel cost must follow the College's purchasing and accounts payable policies. These policies include requirements for documentation and receipts. The President is provided housing by the College. The President's house is considered a part of the College's campus and is used for College events and entertaining. The President's housing is considered nontaxable as it is provided for the convenience of the College Schedule J, Part I, Line 3 Schedule J, Part I Line 3 Compensation is reviewed annually. This review includes cost of living statistics, compensation paid for similar positions at other similar colleges, and compensation paid locally for like positions. A standard achievement increase is determined and is approved by the Board of Trustees during the June meeting in conjunction with the approval of the following year's budget. The Board of Trustees reviews the President's salary and approves any changes. All staff increases are reviewed by the President, Vice Presidents, and heads of departments. X 60 5982393 Ave High/Low MV 0 0 1 0 Form 990, Part V, Line 4a The College offers two off campus programs--one in France at the University in Besancon and the other in Spain at the University of Barcelona. Each program has bank accounts which are not considered part of the College's bank accounts as the College has no control over these accounts. Only the program directors have signature authority for their program's accounts. Form 990, Part VI, Section B, Line 11b The 990 was reviewed by the Chair of the Audit Subcommittee and the Chair of the Committee on Finance. The 990 is made available to all College Trustees for review. Form 990, Part VI, Section B, Line 12c Any conflict of interest on the part of an officer of the College designated in this article, or members of such officer's immediate family, shall be disclosed by the officer in writing to the Board of Trustees at least annually and made a matter of record. When any such interest becomes relevant to any subject requiring administration or Board of Trustees' action, the officer having a conflict shall call it to the attention of the President and, if the matter is being considered by the Board of Trustees or one of its committees, to the attention of the Board or such committee. The officer shall not participate in the discussion of the subject or make any recommendations regarding the subject in which the officer or a member of the officer's immediate family has a conflict of interest, and shall not use personal influence to affect the decision with respect to such subject. An officer of the College who is excluded from participating in discussions or making recommendations regarding the subject because of such conflict or interest shall, however, briefly state the nature of the conflict and shall be encouraged to answer pertinent questions of the Trustees when the officer's knowledge of the subject will assist the Board of Trustees, any of its committees or the administration. The minutes of any meeting attended by the interested officer at which the subject is discussed shall reflect that a disclosure was made and that the interested officer abstained from the discussion except to the extent provided above. (From Bylaws of Knox College) Form 990, Part VI, Section B, Line 13 Each year, during fall term, a memo is sent via e-mail to all employees reminding them of Knox College's "common sense approach to reporting fraud". Included in this message are instructions on how to report suspected fraud. This memo includes the following instructions: "If you suspect fraud, please immediately notify someone in a position of authority, for example, your supervisor, a department head, a dean or vice president, the president or trustee who chairs the audit committee." Form 990, Part VI, Section B, Line 14 The College does not have a written document retention and destruction policy, however, record retention and destruction policies are developed, as needed, by each department to address their specific type(s) of records. Departments follow industry standards that are appropriate for their specific type(s) of records. In conjunction with record destruction for confidential records, the College contracted with a vendor to provide locked bins for departmental use and the secure destruction of these records. Form 990, Part VI, Section B, Line 15 Compensation is reviewed annually. This review includes cost of living statistics, compensation paid for similar positions at other similar colleges, and compensation paid locally for like positions. A standard achievement increase is determined and is approved by the Board of Trustees during the June meeting in conjunction with the approval of the following year's budget. The Board of Trustees reviews the President's salary and approves any changes. All staff increases are reviewed by the President, Vice Presidents, and heads of departments. Form 990, Part VI, Section C, Line 17 The College is not required to file a copy of Form 990 with the State of Illinois or any other state. Form 990, Part VI, Section C, Line 19 The Bylaws of the College are available on the College's website (www.knox.edu). Each fall, conflict of interest forms are distributed to trustees, officers, and department heads. Financial statements are available upon request to the Treasurer's Office. All trustees are provided copies of the financial statements each year. Form 990, Part XI, Line 9 CHANGE IN FMV OF INTEREST RATE SWAPS ($265,064); POSTRETIREMENT BENEFITS CHANGES ($764,237); ACTUARIAL ADJUSTMENTS SPLIT INTEREST AGREEMENTS ($214,933); CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST $132,860