2013-01-14T11:46:12-07:00 2012-05-31 990 2011-06-01 420680389 SIMPSON COLLEGE SIMP 5159616251 701 North C St Indianola IA 50125 Ken Birkenholtz 5159616251 2012-01-14 2011 2016-02-25 16:41:14Z John W Byrd 701 North C St Indianola IA 50125 62692959 0 X www.simpson.edu X 1860 IA Simpson College is an independent, selective, church-related, comprehensive liberal arts college dedicated to excellence in higher education. The Simpson College community is equally committed to: Promoting integrative learning that enables students of all ages to develop intellectual and practical skills; Nurturing values which foster personal worth and individuality within a creative, diverse and just community; Graduating students who continue to grow as free, responsible and fulfilled individuals in the world of family, work, service and scholarship; Drawing upon our relationship with the United Methodist Church and our religious traditions that guide us on issues of personal integrity, moral responsibility, social justice and global citizenship. 40 39 1468 0 12761 0 7231730 3355049 49011430 49958214 3702104 2801352 851979 864344 60797243 56978959 19282489 19356397 0 0 21125507 21179085 0 0 1237293 16489249 16981517 56897245 57516999 3899998 -538040 143098580 138387983 34846491 34472575 108252089 103915408 Simpson College is an independent, selective, church-related, comprehensive liberal arts college dedicated to excellence in higher education. The Simpson College community is equally committed to: Promoting integrative learning that enables students of all ages to develop intellectual and practical skills; Nurturing values which foster personal worth and individuality within a creative, diverse and just community; Graduating students who continue to grow as free, responsible and fulfilled individuals in the world of family, work, service and scholarship; Drawing upon our relationship with the United Methodist Church and our religious traditions that guide us on issues of personal integrity, moral responsibility, social justice and global citizenship. 0 0 19356397 19356397 0 Scholarship Programs: Scholarships and grants to students. (1,386 students) 16157982 0 0 Higher Education Instruction: Instruction and academic support was provided to full and part-time students. (1,866 students) 9468410 0 0 Student Services Programs: Student services, including student development, academic and career counseling, college chaplain, intercollegiate athletics, financial assistance and other services, was provided to full and part-time students. (1,866 students) 6974470 0 0 Student Services Auxiliary Enterprises: Auxiliary enterprises including housing, food services and conferencing facilities available for student use. (1,866 students) 6974470 0 0 51957259 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 2525 0 1 1468 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 40 39 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X Ken Birkenholtz 5159611512 701 N C Street Indianola IA 50125 Jessica Braunschweig-Norris 0.5 X 0 0 0 Jay R Byers 0.5 X 0 0 0 Geoffrey R Christy 0.5 X 0 0 0 D Robert Downing 0.5 X 0 0 0 Allison Fleming 0.5 X 0 0 0 Barbara M Gartner 0.5 X 0 0 0 Ben F Gaumer 0.5 X 0 0 0 Thomas C Godlasky 0.5 X 0 0 0 Darrell J Goodhue 0.5 X 0 0 0 Joseph D Hall 0.5 X 0 0 0 Jordan B Hansell 0.5 X X 0 0 0 Phillip E Harlow 0.5 X 0 0 0 Mark L Hill 0.5 X 0 0 0 Kay Hooper 0.5 X 0 0 0 Frederick S Hubbell 1 X X 0 0 0 Steven G Johnson 0.5 X 0 0 0 Gage A Kent 0.5 X 0 0 0 Linda Koehn 0.5 X 0 0 0 Terrance J Lillis 0.5 X 0 0 0 Fred Lorber 0.5 X 0 0 0 Mary Rose Main 0.5 X 0 0 0 Barbara A Miller 0.5 X 0 0 0 Mark C Miller 0.5 X 0 0 0 Rose K Mitchell 0.5 X 0 0 0 Owen J Newlin 0.5 X 0 0 0 Lizz S Nichols 0.5 X 0 0 0 James R Oplt 0.5 X 0 0 0 Nile D Ramsbottom 0.5 X 0 0 0 Sunnie Richer 0.5 X 0 0 0 Robert G Riley Jr 0.5 X 0 0 0 Gary L Ruble 0.5 X 0 0 0 Mary Sconiers Chapman 0.5 X 0 0 0 Douglas Shull 0.5 X 0 0 0 Deanna Strable-Soethout 0.5 X 0 0 0 Julius C Trimble 0.5 X 0 0 0 Kirk J Tyler 0.5 X 0 0 0 David A Weesner 0.5 X 0 0 0 Richard M Willis 0.5 X X 0 0 0 P Sumner Worth 0.5 X 0 0 0 John W Byrd 40 X X 388589 0 50983 Kenneth I Birkenholtz 40 X 146380 0 17433 Steven J Griffith 40 X 126552 0 20499 Robert J Lane 40 X 140152 0 47976 James D Thorius 40 X 113955 0 15842 Kelley L Bradder 40 X 111304 0 15561 Deb J Tierney 40 X 107467 0 27535 1134399 0 195829 7 0 1 0 Graham Construction Company 421 Grand Ave Des Moines IA 503092309 Construction Services 6087013 Sodexo Inc Affiliates 4880 Paysphere Circle Chicago IL 60674 Facilities Services 2015830 Field Turf 8088 Montview Road Montreal Quebec CA H4P 2L7 Construction Services 1183801 Sodexo Food Services 4880 Paysphere Circle Chicago IL 60674 Food Services 1062379 Chartwells Dining Services PO Box 91337 Chicago IL 606931337 Food Services 909819 10 0 0 25565 0 751180 2578304 248648 3355049 Tuition and fees 611310 41790542 41790542 0 0 Residence Halls 721310 4407723 4407723 0 0 Food service 722210 3280915 3280915 0 0 Conference program 721000 354034 354034 0 0 Bookstore 451211 125000 125000 0 0 0 0 0 0 49958214 1415680 0 -8847 1424527 33857 0 0 33857 16553 0 0 16553 199192 0 142494 0 56698 0 56698 0 0 56698 6923321 0 5571506 0 1351815 0 1351815 0 0 1351815 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Finance charges 611310 126736 126736 0 0 Administrative cost reimbursements 611310 73913 73913 0 0 Parking Fees 812930 51235 0 0 51235 539209 517601 21608 0 791093 56978959 50676464 12761 2934685 0 0 19356397 19356397 0 0 0 0 721722 165349 556373 0 0 0 0 0 15383231 13152531 1489183 741517 788896 664454 82081 42361 3174191 2591083 419958 163150 1111045 903862 150456 56727 0 0 0 0 37370 0 37370 0 59275 0 59275 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 330725 214686 116039 0 1394995 1042060 276863 76072 643443 338332 303961 1150 0 0 0 0 2928838 2818716 89846 20276 832820 748440 25707 58673 0 0 0 0 0 0 0 0 1032434 981000 40189 11245 0 0 0 0 3084539 2937385 132866 14288 0 0 0 0 Contracted services 3663095 3638379 24716 0 Athletic teams 472571 472571 0 0 Memberships 139397 6452 132945 0 2362015 1925562 384619 51834 57516999 51957259 4322447 1237293 3403 12699 16910534 8589729 5721669 3901824 1466503 1689218 0 0 0 0 0 0 0 0 642186 792313 97826168 45922262 42874392 51903906 32369373 30946894 40004812 37454829 3105708 3096571 0 0 0 0 143098580 138387983 7085338 6708540 0 0 0 0 24205280 23762257 0 0 0 0 1006 0 0 375000 3554867 3626778 34846491 34472575 X 26125390 28156034 32888772 26413478 49237927 49345896 108252089 103915408 143098580 138387983 X -538040 -3798641 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 1757 0 0 0 1757 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 Simpson College is a member of the Iowa Association of Independent College and Universities (IAICU). As calculated by IAICU, twelve percent of the 2011-12 dues paid by the college are attributed to lobbying expenditures incurred by the organization. 0 117140 0 0 X 0 73035697 162107 -1121618 1495296 1314859 100000 69166031 63588863 243488 12745410 1913688 1528376 100000 73035697 58316085 523858 8050948 1872464 1329564 100000 63588863 80660171 2782698 -21512800 1979047 1534937 100000 58316085 0.12 0.7 0.18 1 0 574111 1839926 2414037 958103 70992360 34844009 37106454 0 416834 104209 312625 0 13015426 10902320 2113106 119537 9909871 71724 9957684 51903906 0 F 0 F Guaranteed investment contract 960440 F Interest in common trust funds 18845726 F Interest in private equity limited partnerships 6599201 F Interest in hedge funds 5428938 F Interest in real estate investment trusts 1931246 F Beneficial interest in trusts 2522285 F Cash surrender value of life insurance policies 1160643 F Other 6350 F 37454829 0 Student, personnel and sundry deposits 803568 Interest rate swap agreements 412018 U.S. government loan funds refunable 2411192 3626778 56978959 57516999 -538040 -3798641 0 0 0 0 -3798641 -4336681 33823921 -3798641 0 0 0 -3798641 37622562 0 19356397 19356397 56978959 38160602 0 0 0 0 0 38160602 0 19356397 19356397 57516999 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The College maintains various artworks utilized primarily for the preservation of the heritage of the College and general public observation. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The Simpson College endowment is intended to support the College's students by providing scholarships and loan funds and the endowment is intended to support the College by providing support for operations and facilities. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Student aid netted against tuition and fees in the audited financial statements. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Student aid netted against tuition and fees in the audited financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 College publications to students, alumni and friends of the College include a statement of the College's racially nondiscriminatory policy. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The College receives student financial aid under Title IV and other assistance from the Federal government and from the State of Iowa. A significant portion of this assistance is "pass through" to qualifying students. Central America and the Caribbean 0 0 Program Services May Term course travel 38900 Europe (including Iceland and Greenland) 0 0 Program Services Student semester abroad and May Term course travel 141207 South America 0 0 Program Services Student semester abroad and May Term course travel 115470 East Asia and the Pacific 0 0 Program Services Student semester abroad and May Term course travel 97142 South Asia 0 0 Program Services May Term course travel 418 Sub-Saharan Africa 0 0 Program Services May Term course travel 67 0 0 393204 0 0 0 0 0 0 Athletic Golf Outing 87970 52263 35707 0 7846 7735 13742 1500 7961 0 0 87970 52263 35707 0 7846 7735 13742 1500 7961 38784 -3077 1 Scholarships and grants to Simpson College students 1386 19356397 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Grants or assistance provided is for scholarships and grants to Simpson College students which are applied directly to the student's tuition charges. The Office of Financial Assistance awards scholarships and grants to students based on a variety of different criteria for each scholarship. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 John W Byrd 231188 0 155600 0 1800 0 18699 0 32284 0 439571 0 121818 0 Robert J Lane 137868 0 0 0 2284 0 11515 0 36461 0 188128 0 0 0 Kenneth I Birkenholtz 146380 0 0 0 0 0 11573 0 5861 0 163814 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The president's spouse periodically travels with the President to official college functions. The spouse's travel is paid by the College when the official College function dictates such participation such as donor relations and alumni events. The President is provided a residence in which he/she is required to live. The residence is regularly used for College functions. An estimated fair value of $25,253 has been included under Part VII, Section A, column (F) of the Form 990. Finally, the President is provided with membership to a local country club. The annual membership cost is included in reportable compensation in the amont of $1,440. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees consists of the Treasurer, Secretary and Chairperson of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation and benefits for the President. The Committee uses comparability data such as a survey issued to several private colleges regarding total compensation for a president conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. Iowa Higher Education Loan Authority 421235696 462460SZ0 2005-02-15 11931200 See Part VI 0 0 0 Iowa Higher Education Loan Authority 421235696 2009-11-19 12100000 See Part VI 0 0 0 0 0 12428144 960440 3674 0 166283 0 0 6579538 5402815 0 2005 0 1 1 1 429696 0 12106199 0 0 0 100000 0 0 6006199 6000000 0 2011 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 Societe Generale 30.8 1 0 0 0 1 1 Regions Bank 5 0 0 0 0 1 SchK_P01_S00_L00f Schedule K, Part I, Column f Line A - Refund of prior issue (6/1/1998); Various campus buildings and residence hall improvements; Line B - Refunding of taxable loan (9/10/2008); acquisition of machinery, equipment, property, and fixtures SchK_P02_S00_L03 Schedule K, Part II, Line 3 The total proceeds do not agree to the issue price in Part I, Column (e) due to investment earnings. The total proceeds do not equal the summation of lines 4 - 12 due to transferred or replacement proceeds in line 4. SchK_P05_S00_L00 Schedule K, Part V Written VCAP procedures were adopted as of October 10, 2012. Douglas Shull Trustee is a director of a bank which has provided a loan to the College 605423 Interest and fees on loan with the bank 0 Rita Birkenholtz Spouse of officer of the College 36101 Annual compensation as a full-time employee in the Office of College Advancement 0 Karin Hooper Sister of a trustee of the College 29817 Annual compensation as a full-time employee in the College's library 0 X 15 211240 FMV X Athletic fundraising auction donations 60 23453 FMV X Use of vehicle provided to President 1 8908 Dealer lease rate X Special Events Tickets 2 3245 FMV X Misc gifts in kind 10 1802 FMV 0 0 1 0 SchM_P01_S00_L00 Schedule M, Part I The College has included the number of contributions received during the tax year in column (b). F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Robert J Lane, Vice President for College Advancement, and Deb Tierney, Vice President for Enrollment, are in-laws. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The return preparer reviewed a draft copy of the Form 990 with the President and Vice President for Business & Finance. The return preparer and the Vice President for Business & Finance reviewed the draft and addressed questions with a tax expert who is part of the accounting firm that audits the College. Appropriate changes were made to the Form 990 based on these reviews. Then, the final draft of the return was made available to all trustee members prior to filing. The return was provided electronically through the College portal and any comments or questions directed to management or the Audit and Compliance Committee of the Board of Trustees. Finally, prior to the return filing, a meeting of the Audit and Compliance Committee of the Board of Trustees was held in which management reviews the Form 990 with the Committee. The tax expert also participated in the meeting with the Audit and Compliance Committee. Appropriate changes were made to the Form 990 at the direction of the Audit and Compliance Committee before filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c As required by the College bylaws, all trustees, officers and key employees are required to disclose annually interests that could give rise to conflicts. All reported information is compiled under the direction of the President. Copies of the completed disclosure forms are provided to the Audit and Compliance Committee of the Board of Trustees who then determines whether further review or action is necessary. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Executive Compensation Committee of the Board of Trustees consists of the Treasurer, Secretary, and Chairperson of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation of cabinet-level administrators. The Committee uses comparability data such as a survey issued to several private colleges regarding total compensation for a president conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. Minutes of all Committee meetings are kept and maintained. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. The Committee last reviewed the compensation package of the President during the year ended in May 2012. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Upon written request to the President or Vice President for Business & Finance, the College will make its governing documents, conflict of interest policy, and financial statements available to the public. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized gains (losses) on investments are included in the change in net assets in the audited financial statements.