2014-03-13T10:09:51-05:00 2013-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST STE 2300 MINNEAPOLIS MN 55402 990 2012-07-01 370661496 CARTHAGE COLLEGE CART 2625518500 2001 ALFORD PARK DR KENOSHA WI 53140 WILLIAM ABT 2625518500 2014-03-03 1 LAWRENCE H MOHR CPA P00447603 6128764500 2012 2015-11-30 17:44:51Z GREGORY WOODWARD 2001 ALFORD PARK DR KENOSHA WI 53140 111234411 0 X WWW.CARTHAGE.EDU X 1847 WI CARTHAGE IS A SCHOOL OF LIBERAL ARTS AND SCIENCES PROVIDING STUDENTS WITH A COLLEGE EDUCATION. CARTHAGE IS AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH OF AMERICA. 26 26 2134 22 1077267 0 3659410 3528591 100506165 105959681 991079 1609320 15934 -651 105172588 111096941 33569956 37766582 0 0 34248591 35136700 0 0 2304354 28184421 27988631 96002968 100891913 9169620 10205028 208485651 225674234 46880645 45800763 161605006 179873471 X SEEKING TRUTH, BUILDING STRENGTH, INSPIRING SERVICE - TOGETHER 0 0 21735779 87315276 INSTRUCTION: CARTHAGE COLLEGE AWARDS THE BACHELOR OF ARTS DEGREES WITH MAJORS IN MORE THAN 40 SUBJECT AREAS AND THE MASTER OF EDUCATION DEGREE. CARTHAGE ALSO HOSTS A JOINT MASTER OF SOCIAL WORK DEGREE AWARDED BY LOYOLA UNIVERSITY. THE 2012-2013 ACADEMIC YEAR ENROLLMENT WAS 2,751 FULL TIME EQUIVALENT (FTE) STUDENTS IN THE FALL SEMESTER AND 2605 FTE STUDENTS ENROLLED IN THE SPRING SEMESTER. OF THE TOTAL NUMBER OF STUDENTS ENROLLED IN 2012-2013 ACADEMIC YEAR, 564 MET THE REQUIREMENTS OF GRADUATION. 42291537 37766582 582547 STUDENT SERVICES: CARTHAGE BOASTS A LONG-STANDING COMMITMENT TO EDUCATING THE WHOLE PERSON BY NOURISHING THE INTELLECTUAL, SPIRITUAL, EMOTIONAL, SOCIAL AND PHYSICAL DIMENSIONS OF STUDENTS' LIVES. THE COLLEGE OFFERS A CURRICULUM THAT CHALLENGES STUDENTS TO THINK CRITICALLY AND EXPRESS THEMSELVES EFFECTIVELY, A CAMPUS LIFE THAT ENCOURAGES INVOLVEMENT AND SERVICE (OVER 90 STUDENT ORGANIZATIONS), A COMMUNITY OF FAITH THAT NURTURES SPIRITUAL GROWTH AND DEVELOP MORAL RESPONSIBILITY, AND CO-CURRICULAR ACTIVITIES THAT INSPIRE STUDENTS TO TEST THEIR OWN LIMITS AND EXPRESS THEIR INDIVIDUALITY. THE AWARD WINNING STATE-OF-THE-ART HEDBERG LIBRARY UNITES BOOKS, PERIODICALS, ACADEMIC COMPUTING, NETWORK DATA PORTS AND MULTIMEDIA RESOURCES. 8743073 16984591 AUXILIARY ENTERPRISES AT CARTHAGE COLLEGE ARE COMPRISED OF 13 RESIDENCE HALLS ON CAMPUS, 9 DINING VENUES, AND A BOOKSTORE FOR STUDENTS, FACULTY AND STAFF. OF THE TOTAL STUDENT BODY, 70.45% OF ENROLLED STUDENTS LIVED ON-CAMPUS AND PARTICIPATED IN THE RESIDENT STUDENT BOARD PLAN. 1,759 STUDENTS RESIDED IN CAMPUS HOUSING DURING THE 2012-2013 ACADEMIC YEAR. 13677327 PUBLIC SERVICE EVENTS CONSIST OF MUSIC AND/OR COMEDY CONCERTS, BUSINESS COALITION LUNCHES AND FAMILY FUN NIGHTS WHICH PROVIDE ENTERTAINMENT/ACTIVITIES THAT ARE OPEN TO THE GENERAL PUBLIC. DIFFERENT EVENTS ARE HELD THROUGHOUT THE ENTIRE ACADEMIC YEAR. 13677327 86447716 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 135 0 2134 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X X WILLIAM ABT 2625516200 2001 ALFORD PARK DRIVE KENOSHA WI 53140 ROSS ANDERSON 1.00 X 0 0 0 MARK BARMAK 1.00 X X 0 0 0 REV JEFF BARROW 1.00 X 0 0 0 MARY BISHOP 1.00 X X 0 0 0 THOMAS BOLGER 1.00 X 0 0 0 STEVEN CHAPMAN 1.00 X 0 0 0 RICHARD CHRISTMAN 1.00 X 0 0 0 JOHN GORTON 1.00 X 0 0 0 JEFF HAMAR 1.00 X X 0 0 0 HOYT HARPER 1.00 X 0 0 0 MARILYN HEDBERG 1.00 X 0 0 0 WILLIAM KELLEY 1.00 X 0 0 0 THOMAS KIESO 1.00 X 0 0 0 JAMES KLAUSER 1.00 X 0 0 0 THOMAS LENTZ 1.00 X 0 0 0 WILLIAM MADDEN 1.00 X 0 0 0 GINA FRIEBUS 1.00 X 0 0 0 DEAN MATTHEWS 1.00 X 0 0 0 REV WAYNE MILLER 1.00 X 0 0 0 DENNIS MONROE 1.00 X 0 0 0 ANDREW PALMEN 1.00 X 0 0 0 NICHOLAS PINCHUK 1.00 X 0 0 0 GORDON POSTLEWAITE 1.00 X 0 0 0 LOREN SEMLER 1.00 X 0 0 0 JOHN SLADEK 1.00 X 0 0 0 DAVID STRAZ 1.00 X 0 0 0 DEBRA WALLER 1.00 X X 0 0 0 JUNE WALLER 1.00 X 0 0 0 GARY WILSON 1.00 X 0 0 0 WILLIAM ABT 40.00 X 200291 0 22227 BRADLEY ANDREWS 40.00 X 166073 0 37167 JOHN ANTARAMIAN 40.00 X 63521 0 27114 ROBERT BONN 40.00 X 132125 0 35881 DEAN CLARK 40.00 X 131998 0 20699 PAUL HEGLAND 40.00 X 99937 0 32740 ABIGAIL HEINRICHS 40.00 X 64833 0 14967 TODD KELLEY 40.00 X 155604 0 19430 ROSS LARSON 40.00 X 83760 0 82 LOUISE PASKEY 40.00 X 72158 0 7186 JASON RAMIREZ 40.00 X 59088 0 17321 JULIO RIVERA 40.00 X 157406 0 16498 ROBERT ROSEN 40.00 X 150291 0 23838 MICHAEL WEST 40.00 X 90404 0 34823 GREGORY WOODWARD 40.00 X 129960 0 38050 ARTHUR CYR 40.00 X 127084 0 20681 STEVEN DOMIN 40.00 X 138131 0 8598 WILLIAM HOARE 40.00 X 132058 0 34410 KURT PIEPENBURG 40.00 X 139278 0 14629 JAMES UNGLAUBE 40.00 X 124200 0 0 GREGORY CAMPBELL 40.00 X 289640 0 36976 2707840 0 463317 23 1 1 0 SODEXOINC 4880 PAYSPHERE CIR CHICAGO IL 60674 FOOD SERVICE 5331670 RILEY CONSTRUCTION CORPORATION 5301 99TH AVENUE KENOSHA WI 53143 CONSTRUCTION 3067296 CAMOSY CONSTRUCTION 12795 120TH AVE KENOSHA WI 53142 CONSTRUCTION 2160578 STANTEC INC 13980 COLLECTIONS CENTER DR CHICAGO IL 60693 CONSULTING 999186 ALLIED BARTON SECURITY SERVICES 111 EAST KILBOURN AVE STE 1875 MILWAUKEE WI 53202 SECURITY 943727 39 61560 471026 2996005 1239407 3528591 TUITION AND FEES 611710 87315276 87315276 AUX. ENTERPRISE 611710 18061858 16984591 1077267 ATHLETIC DEPT. INCOME 611710 445056 445056 OTHER STUDENT SERVICES 611710 137491 137491 105959681 1616861 1616861 92283 99824 -7541 -7541 -7541 36995 61560 37646 -651 -651 111096941 104882414 1077267 1608669 37766582 37766582 2478577 1912111 474499 91967 24668104 19030337 4722462 915305 1757693 1355981 336493 65219 4390935 3387409 840601 162925 1841391 1420551 352516 68324 78490 60552 15026 2912 87421 67441 16736 3244 56424 56424 7687399 5959525 1478883 248991 403878 311574 77318 14986 3963617 3057753 758795 147069 601246 463834 115103 22309 3972470 3061840 762787 147843 1395961 1076921 267243 51797 139666 107746 26738 5182 1024393 790273 196110 38010 4765163 3676110 912243 176810 1067390 823444 204341 39605 GENERAL INSTITUTIONAL 2745113 2117732 525525 101856 100891913 86447716 12139843 2304354 13125109 15956991 1461717 2097918 3425788 3964543 2109954 2138150 383165 624187 189991712 61911047 127367469 128080665 59008128 70065985 1604321 2745795 208485651 225674234 6297623 6299977 2700783 2691521 8386260 8799820 25250000 24000000 995324 891100 3250655 3118345 46880645 45800763 X 117459211 128512532 14110999 20116031 30034796 31244908 161605006 179873471 208485651 225674234 X 10205028 7880610 182827 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 230349 X X X X 0 54662594 289978 9420926 -66723 64440221 51711717 1378744 993949 -578184 54662594 39118944 1442518 10251593 -898662 51711717 33561053 489912 4982579 -85400 39118944 43333302 446816 -9109456 -1110854 1245 33561053 0.27480 0.45590 0.26930 0 0 487000 487000 126354589 28588123 97766466 14258358 3579193 10679165 46925946 29226284 17699662 1965819 517447 1448372 128080665 ANNUITIES PAYABLE 1746769 DEPOSITS HELD IN CUSTODY FOR OTHERS 206700 ASSET RETIREMENT OBLIGATION 568549 CAPITAL LEASE OBLIGATION 596327 3118345 X 81387018 7880610 12000 220473 8113083 73273935 56424 37766582 37823006 111096941 63118553 12000 37646 49646 63068907 56424 37766582 37823006 100891913 PART III, LINE 4: THE COLLECTION RELATES TO ITEMS FROM THE CIVIL WAR AND IS USED PRIMARILY FOR EDUCATIONAL PURPOSES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO FUND SCHOLARSHIPS, EDUCATIONAL PROJECTS, AND OTHER VARIOUS PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2013 AND 2012. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR FISCAL YEARS 2010 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. THE TAX RETURNS FOR FISCAL YEARS 2009 AND THEREAFTER ARE OPEN TO EXAMINATION BY STATE OF WISCONSIN TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 37,646. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 182,827. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS TO STUDENTS 37,766,582. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 37,646. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS TO STUDENTS 37,766,582. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLISHES ITS NONDISCRIMINATORY POLICY IN THE KENOSHA DAILY NEWS AND RACINE JOURNAL TIMES AT VARIOUS POINTS THROUGHOUT THE YEAR. THE COLLEGE FOLLOWS A NONDISCRIMINATORY POLICY REGARDING ALL PROGRAMS. ENROLLMENT OF STUDENTS IS WITHOUT DISCRIMINATION AS TO RACE, RELIGION, SEX, COLOR, OR NATIONAL ORIGIN AND IS PUBLISHED IN THE COLLEGE'S CATALOG AND RECRUITING INFORMATION. RECRUITMENT PROCEDURES ARE DESIGNED AND CARRIED OUT TO REACH ALL RACIAL SEGMENTS IN THE GEOGRAPHIC AREA SERVED. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE PERKINS STUDENT LOAN PROGRAM, FEDERAL WORK STUDY PROGRAM, PELL GRANT PROGRAM, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. STUDENTS ATTENDING CARTHAGE COLLEGE ALSO RECEIVE FINANCIAL ASSISTANCE FROM THE STATE OF WISCONSIN. RED MEN/LADY REDS GOLF 98555 61560 36995 37646 98555 61560 36995 37646 37646 -651 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 2590 37766582 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: CARTHAGE COLLEGE OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT-OF-POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 WILLIAM ABT 177791 0 0 0 22500 0 20000 0 2227 0 222518 0 0 0 BRADLEY ANDREWS 166073 0 0 0 0 0 16850 0 20317 0 203240 0 0 0 ROBERT BONN 132125 0 0 0 0 0 14165 0 21716 0 168006 0 0 0 DEAN CLARK 131998 0 0 0 0 0 13460 0 7239 0 152697 0 0 0 TODD KELLEY 155604 0 0 0 0 0 15770 0 3660 0 175034 0 0 0 JULIO RIVERA 134906 0 0 0 22500 0 15700 0 798 0 173904 0 0 0 ROBERT ROSEN 150291 0 0 0 0 0 15300 0 8538 0 174129 0 0 0 GREGORY WOODWARD 129960 0 0 0 0 0 13500 0 24550 0 168010 0 0 0 WILLIAM HOARE 132058 0 0 0 0 0 13125 0 21285 0 166468 0 0 0 KURT PIEPENBURG 139278 0 0 0 0 0 13877 0 752 0 153907 0 0 0 GREGORY CAMPBELL 267140 0 0 0 22500 0 25000 0 11976 0 326616 0 0 0 PART I, LINE 1A F. GREGORY CAMPBELL RECEIVED A HOUSING ALLOWANCE OF $15,000 FROM THE ORGANIZATION. GREGORY WOODWARD, ROBERT BONN, AND F. GREGORY CAMPBELL HAD COUNTRY CLUB MEMBERSHIPS IN CALENDAR YEAR 2012 THAT WERE PAID BY THE ORGANIZATION. RESPECTIVE COSTS WERE: WOODWARD - $2,267 BONN - $3,200 CAMPBELL - $1,107. PART I, LINE 4B WILLIAM ABT HAS A 457F PLAN FUNDED BY THE COLLEGE. FOR CALENDAR YEAR 2012, THE TOTAL COLLEGE CONTRIBUTION WAS $19,200, AND WITHDRAWALS FROM THE PLAN WERE $0. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES 391337855 2012-06-01 6250000 REFINANCE OF 1999 SERIES BONDS 0 0 0 A 6250000 6250000 2012 1 0 1 1 A 0 0 0 0 1 0 1 A 0 1 0 0 1 0 0 0 1 A 1 X 7 1234156 FAIR MARKET VALUE X TELESCOPE 1 1500 FAIR MARKET VALUE X THEATER PROPS 1 700 FAIR MARKET VALUE X INSURANCE PREMIUM 1 415 FAIR MARKET VALUE X SPORTING EVENT TICKETS 1 2635 FACE VALUE 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF 8 MEMBERS OF THE BOARD OF TRUSTEES, THE COLLEGE PRESIDENT, TREASURER AND ATTORNEY. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE AMENDED IN MAY OF 2013 TO CHANGE QUORUM SIZE. CONSTITUTION WAS ALSO AMENDED TO CHANGE THE RELIGIOUS AFFILIATION REQUIREMENTS OF THE PRESIDENT AND TO DETERMINE THE MAKEUP OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE HAS BEEN GIVEN THE AUTHORITY TO REVIEW AND APPROVE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL PAYMENTS ARE REVIEWED BY THE BUSINESS OFFICE TO INSURE THERE ARE NO CONFLICTS. ALL EMPLOYEES AND BOARD OF TRUSTEES ARE COVERED BY THE POLICY. DETERMINATIONS AS TO WHETHER CONFLICTS EXIST ARE MADE BY THE CONTROLLER AND VICE PRESIDENT FOR ADMINISTRATION AND BUSINESS. NO CONFLICTS HAVE ARISEN TO DATE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED AND APPROVED BY THE CARTHAGE COLLEGE EXECUTIVE COMMITTEE. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES, THE COLLEGE ATTORNEY AND THE COLLEGE PRESIDENT AND TREASURER. THIS REVIEW IS PERFORMED ANNUALLY BY THE COMMITTEE AND DONE FOR ALL OFFICERS OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 THE CARTHAGE COLLEGE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE INTERNAL DOCUMENTS AND ARE NOT MADE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 182,827. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS OF THE AUDIT OR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. CHARITABLE REMAINDER ANNUITY TRUSTS (151) CHARITABLE TRUST WI T 0 CHARITABLE REMAINDER UNITRUST (1) CHARITABLE TRUST WI T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0