2013-05-15T10:24:59-05:00 2012-06-30 910189318 MOSS ADAMS LLP 3121 WEST MARCH LANE SUITE 100 STOCKTON CA 952192303 990 2011-07-01 910567740 BOARD OF TRUSTEES OF WHITMAN COLLEGE BOAR 5095275411 345 BOYER AVENUE WALLA WALLA WA 993622067 PETER HARVEY 5095275411 2013-05-13 1 TRACY S PAGLIA P00366884 2099556100 2011 2016-02-24 21:20:13Z GEORGE BRIDGES 345 BOYER AVENUE WALLA WALLA WA 993622067 150038257 0 X HTTP://WWW.WHITMAN.EDU X 1859 WA THE MISSION OF WHITMAN COLLEGE IS TO PROVIDE AN EXCELLENT, WELL-ROUNDED LIBERAL ARTS AND SCIENCES UNDERGRADUATE EDUCATION. STUDENTS PARTICIPATION IN CLASSES AND OTHER ACTIVITIES WITHIN A RESIDENTIAL SETTING IS INTEGRAL TO THE EDUCATION PROCESS AT WHITMAN COLLEGE. 15 15 1889 913 -868465 -746010 16232701 15053498 68540965 72885799 14213291 -3245774 2117837 1590849 101104794 86284372 23438858 23418588 0 0 39672636 39954316 0 0 2544548 27253168 26740946 90364662 90113850 10740132 -3829478 595628253 596130319 93260879 104574191 502367374 491556128 THE MISSION OF WHITMAN COLLEGE IS TO PROVIDE AN EXCELLENT, WELL-ROUNDED LIBERAL ARTS AND SCIENCES UNDERGRADUATE EDUCATION. 0 0 43549881 0 63388864 ACADEMIC INSTRUCTION, SUPPORT AND OTHER PROGRAMS:1,524 FULL TIME EQUIVALENT STUDENTS403 GRADUATES 12750784 0 9496935 AUXILIARY ENTERPRISES:835 STUDENTS IN COLLEGE-PROVIDED HOUSING760 STUDENTS IN COLLEGE-PROVIDED BOARD PLANS 23418588 23418588 0 INSTITUTIONAL FINANCIAL AID:1,276 STUDENTS RECEIVING INSTRUCTIONAL SCHOLARSHIPS711 STUDENTS RECEIVING FEDERAL LOANS OR GRANTS 79719253 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 1 2592 0 1 1889 1 1 1 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA OR X X WALTER FROESE CONTROLLER WHITMAN COLLEGE 5095274936 345 BOYER AVENUE WALLA WALLA WA 99362 X MEGAN FERGUSON CLUBB 1.00 X 0 0 0 JOHN C COLEMAN 1.00 X 0 0 0 ANDREW U FERRARI 1.00 X 0 0 0 KAREN E GLOVER 1.00 X 0 0 0 TOM MCCRACKEN 1.00 X 0 0 0 BRADLEY M MCMURCHIE 1.00 X 0 0 0 MEGAN MEDICA 1.00 X 0 0 0 WALTER C MINNICK 1.00 X 0 0 0 DEAN A NICHOLS 1.00 X 0 0 0 DAVID NIERENBERG 1.00 X 0 0 0 PETER H VAN OPPEN 1.00 X X 0 0 0 JAMES L ROBART 1.00 X 0 0 0 NANCY B SERRURIER 1.00 X X 0 0 0 JOHN W STANTON 1.00 X 0 0 0 LAWRENCE B STONE 1.00 X 0 0 0 JANICE ABRAHAM 1.00 X 0 0 0 WILLIAM WAY 1.00 X 0 0 0 GEORGE BRIDGES 40.00 X 337570 0 130631 PETER HARVEY 40.00 X 203798 0 31917 JOHN BOGLEY 40.00 X 178493 0 58260 CHARLES CLEVELAND 40.00 X 157535 0 32745 TIMOTHY KAUFMAN-OSBORN 40.00 X 174286 0 28728 J ANTONIO CABASCO 40.00 X 128827 0 31930 DAVID SCHMITZ 40.00 X 148508 0 48505 ROBERT CARSON 40.00 X 147680 0 23027 PATRICK KEEF 40.00 X 142331 0 22947 SUSAN PICKETT 40.00 X 125005 0 20010 1744033 0 428700 20 0 1 0 OPP & SEIBOLD GENERAL CONSTRUCTION 1120 W POPLAR WALLA WALLA WA 99362 CONSTRUCTION 5282819 RAD CONSTRUCTION 1980 DELMONT WALLA WALLA WA 99362 CONSTRUCTION 611642 S & K MOUNTAIN CONSTRUCTION 822 W MAIN STREET STE C WALLA WALLA WA 99362 CONSTRUCTION 434148 COUNCIL ON INTERNATIONAL EDUCATION 633 THIRD AVE 20TH FLOOR NEW YORK NY 10017 TUITION SERVICES 296500 INTERNATIONAL EDUCATION OF STUDENTS 33 N LASALLE ST 15TH FLOOR CHICAGO IL 60602 TUITION SERVICES 204973 16 447342 808956 13797200 5437791 15053498 STUDENT TUITION & FEES 611310 62295304 62295304 HOUSING & MEAL SERVICE 611310 8372125 8372125 BOOKSTORE 451211 1124810 1124810 1093560 1093560 72885799 907824 -873189 1781013 3138779 1552654 1586125 1586125 1586125 58036197 62189795 -4153598 -4153598 -4153598 16160 11436 4724 4724 86284372 72885799 -868465 -786460 22673513 22673513 745075 745075 1327629 466350 631964 229315 57089 57089 27634976 23586615 2896585 1151776 2556949 2124357 310903 121689 6319994 5250758 768458 300778 2057679 1709555 250196 97928 37491 25491 6000 6000 111413 81413 15000 15000 7366 7366 3721146 2057203 1479400 184543 1976213 1877402 88930 9881 2945282 2491741 263346 190195 2106782 2001443 94805 10534 6313855 5998162 284124 31569 SUPPLIES 8717584 8169485 507340 40759 COMMUNICATIONS 1236064 835851 245632 154581 PAUL GARRETT EXPENSES -196634 -196634 21 CENTURY EXPENSES -235616 -235616 90113850 79719253 7850049 2544548 910331 725799 8818760 14871141 20322449 20834357 370746 259614 452684 495737 466464 446580 204501018 59284763 145433728 145216255 195242688 193437772 219516934 215726884 3182555 3146936 910914 969244 595628253 596130319 8376858 6719486 3393252 3414077 1014068 1397884 58113526 57689801 1991395 1461685 20371780 33891258 93260879 104574191 X 194418283 202420871 172595349 151740583 135353742 137394674 502367374 491556128 595628253 596130319 X -3829478 -6981768 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 3594 1 3772 0 0 7366 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE AMOUNT OF $3,594 IS THE PORTION OF ICW FEES ALLOCATED TO LOBBYING, AND $3,772 IS RELATED TO THE COLLEGE PRESIDENT'S TIME AND TRAVEL COSTS TO MEET WITH STATE LEGISLATORS. 375000 1355031 X X X 0 374507651 7129763 8565779 7008868 9449094 373745231 313738735 9042964 66900952 6541015 8633985 374507651 278739032 5407786 44766917 6661827 8513173 313738735 365692263 2269450 -72802811 6010593 10409277 278739032 0.31000 0.64000 0.05000 0 0 12213886 6704580 18918466 8960774 167284718 54142110 122103382 7982029 5142653 2839376 1355031 1355031 145216255 ALTERNATIVE INVESTMENTS 194906169 F COMMINGLED TRUSTS 20820715 F 215726884 INTEREST RATE EXCHANGE AGREEMENTS 16920000 SPLIT INTEREST AGREEMENTS 8984998 POST-RETIREMENT BENEFITS 5413697 DEFERRED COMPENSATION 969244 ASSET RETIREMENT OBLIGATION 770602 MED/DENTAL INSURANCE TERMINAL LIABILITY 832717 33891258 86284372 90113850 -3829478 -6981768 -6981768 -10811246 56230261 -6981768 346245 -6635523 62865784 23418588 23418588 86284372 67138950 443688 443688 66695262 23418588 23418588 90113850 PART III, LINE 4: THE COLLEGE HAS COLLECTIONS OF WORKS OF ART AND RARE BOOKS THAT ARE UTILIZED BY THE STUDENTS IN THEIR STUDIES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED SOLELY TO SUPPORT THE BUSINESS PURPOSES OF WHITMAN COLLEGE SUCH AS FINANCIAL AID TO STUDENTS, FACULTY SALARIES, AND THE LIBRARY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT BELIEVES THEY HAVE NO UNCERTAIN TAX POSITIONS AND IN ADDITION, UNRELATED BUSINESS INCOME TAX, IF ANY, IS IMMATERIAL. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAXES. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 11,436. RELATED ENTITIES INVESTMENT INCOME 181,467. RELATED ENTITIES GAINS ON INVESTMENT SALES 153,342. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNT 23,418,588. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 11,436. ROUNDING 2. RELATED ENTITIES EXPENSES 432,250. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNT 23,418,588. 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 MAKES ITS POLICY OF NON-DISCRIMINATION KNOWN THROUGH THE COLLEGE WEBSITE, THE ANNUAL CATALOG, AND OTHER MATERIALS. ADDITIONALLY, THE COLLEGE PLACES AN ADVERTISEMENT WHICH DESCRIBES ITS POLICY IN A REGIONAL NEWSPAPER EACH YEAR. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDS FROM THE DEPARTMENT OF EDUCATION IN THE FORM OF GRANTS AND LOANS TO BE GIVEN OUT TO WHITMAN STUDENTS. THE COLLEGE ALSO RECEIVES OTHER FUNDS FROM OTHER FEDERAL AGENCIES IN THE FORM OF GRANTS FOR RESEARCH, EQUIPMENT, STUDY OR OTHER EFFORTS AS STIPULATED IN EACH INDIVIDUAL GRANT. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING STUDENT FINANCIAL AID 27750 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING STUDENT FINANCIAL AID 153400 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING STUDENT FINANCIAL AID 420214 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING STUDENT FINANCIAL AID 6193 SOUTH AMERICA 0 0 GRANTMAKING STUDENT FINANCIAL AID 74693 SOUTH ASIA 0 0 GRANTMAKING STUDENT FINANCIAL AID 27700 SUB-SAHARAN AFRICA 0 0 GRANTMAKING STUDENT FINANCIAL AID 35125 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE FACULTY TRAVEL 9535 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE FACULTY TRAVEL 95869 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE FACULTY TRAVEL 280803 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE FACULTY TRAVEL 26619 NORTH AMERICA 0 0 PROGRAM SERVICE FACULTY TRAVEL 72946 SOUTH AMERICA 0 0 PROGAM SERVICE FACULTY TRAVEL 4492 SOUTH ASIA 0 0 PROGRAM SERVICE FACULTY TRAVEL 31816 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICE FACULTY TRAVEL 6178 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE OFF CAMPUS STUDIES 51950 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE OFF CAMPUS STUDIES 417551 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE OFF CAMPUS STUDIES 904930 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE OFF CAMPUS STUDIES 13750 SOUTH AMERICA 0 0 PROGRAM SERVICE OFF CAMPUS STUDIES 200606 SOUTH ASIA 0 0 PROGRAM SERVICE OFF CAMPUS STUDIES 48679 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICE OFF CAMPUS STUDIES 95150 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 102365187 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 4232000 0 0 0 0 0 0 754610 108848526 109603136 STUDENT FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN 3 27750 STUDENT FINANCIAL AID EAST ASIA AND THE PACIFIC 26 153400 STUDENT FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 55 420214 STUDENT FINANCIAL AID MIDDLE EAST AND NORTH AFRICA 1 6193 STUDENT FINANCIAL AID SOUTH AMERICA 13 74693 STUDENT FINANCIAL AID SOUTH ASIA 3 27700 STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 6 35125 1 0 0 0 1 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE GRANTMAKING ACTIVITIES SHOWN IN PARTS I AND III INVOLVE COLLEGE FINANCIAL AID FUNDS DELIVERED TO ENROLLED STUDENTS' INDIVIDUAL ACCOUNTS. THE AID IS TO HELP DEFRAY THE COST OF CERTAIN STUDY PROGRAMS TAKING PLACE IN FOREIGN COUNTRIES. ALL SUCH PROGRAMS ARE CLOSELY VETTED BY THE COLLEGE TO ENSURE THE RECIPIENTS ARE OF HIGH ACADEMIC QUALITY AND FINANCIALLY STABLE. ANY AID DELIVERED TO SUCH STUDENTS IS GOVERNED BY THE PROCESSES OUTLINED IN SCHEDULE E. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: ALL AMOUNTS SHOWN ON SCHEDULE F ARE CALCULATED USING THE ACCRUAL METHOD OF ACCOUNTING. 0 INSTITUTIONAL FINANCIAL AID 1276 22673513 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE COLLEGE AWARDS SCHOLARSHIPS IN CONFORMANCE WITH ESTABLISHED POLICIES ON THE BASIS OF BOTH NEED AND SCHOLASTIC MERIT. AWARDS TO STUDENTS WITH NEED ARE BASED ON THE STUDENTS' FINANCIAL INFORMATION CONTAINED IN THE FINANCIAL AID PROFILE FILED WITH THE COLLEGE SCHOLARSHIP SERVICE AND THE FREE APPLICATION FOR FINANCIAL AID FILED WITH THE FEDERAL PROCESSOR. ALL AID IS OBJECTIVELY DETERMINED AND AWARDED ON AN EQUAL BASIS TO RECIPIENTS WITH SIMILAR ATTRIBUTES. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 GEORGE BRIDGES 309303 0 0 0 28267 0 66000 0 64631 0 468201 0 0 0 PETER HARVEY 203330 0 0 0 468 0 20645 0 11272 0 235715 0 0 0 JOHN BOGLEY 174633 0 0 0 3860 0 18156 0 40104 0 236753 0 0 0 CHARLES CLEVELAND 155991 0 0 0 1544 0 16300 0 16445 0 190280 0 0 0 TIMOTHY KAUFMAN-OSBORN 173161 0 0 0 1125 0 17850 0 10878 0 203014 0 0 0 J ANTONIO CABASCO 128554 0 0 0 273 0 12485 0 19445 0 160757 0 0 0 DAVID SCHMITZ 147545 0 0 0 963 0 15057 0 33448 0 197013 0 0 0 ROBERT CARSON 143712 0 0 0 3968 0 13975 0 9052 0 170707 0 0 0 PATRICK KEEF 141423 0 0 0 908 0 15045 0 7902 0 165278 0 0 0 PART I, LINE 1A RESIDENCE FOR PERSONAL USE - THE COLLEGE PRESIDENT IS REQUIRED, AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE, TO MAINTAIN A PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE COLLEGE. THIS HOUSE IS LOCATED ON THE EDGE OF THE CAMPUS AND IS NOT CONSIDERED TAXABLE COMPENSATION. SOCIAL CLUB DUES - THE COLLEGE PRESIDENT AND VICE PRESIDENT OF DEVELOPMENT ARE PROVIDED MEMBERSHIPS IN SOCIAL CLUBS BY THE COLLEGE. THE AMOUNTS PAID FOR DUES ARE INCLUDED IN THEIR W-2'S AS TAXABLE COMPENSATION. PERSONAL SERVICES - THE PRESIDENT'S PERSONAL RESIDENCE IS PROVIDED CLEANING SERVICES AND YARD CARE BY THE COLLEGE. THIS IS NOT CONSIDERED TAXABLE COMPENSATION. PART I, LINE 4B GEORGE BRIDGES PARTICIPATED IN A 457(F) PLAN DURING THE YEAR. THE COLLEGE CREDITED $41,500 TO THE PLAN FOR THE CALENDAR YEAR. PROVIDED THAT HE REMAINS ACTIVELY EMPLOYED WITH THE COLLEGE, THE ACCOUNT BECOMES FULLY VESTED ON THE EARLIER OF (A) HIS SPECIFIED DISTRIBUTION DATE (B) THE DATE ON WHICH HE SEPARATES FROM SERVICE INVOLUNTARILY WITHOUT CAUSE (C) THE PARTICIPANT'S DISABILITY, OR (D) THE PARTICIPANT'S DEATH. BENEFITS ARE DISTRIBUTED OVER A PERIOD OF YEARS NOT EXCEEDING THE LIFE EXPECTANCY OF DR. BRIDGES AND HIS BENEFICIARIES AS HE SHALL DESIGNATE AT LEAST TWELVE MONTHS PRIOR TO THE SPECIFIED DISTRIBUTION DATE. WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781VM9 2004-11-23 28770000 REFUND A BOND ISSUE FROM 1999 0 0 0 WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781A34 2008-06-10 30395000 FACILITIES CONSTRUCION 0 0 0 94956 28675044 232781 28442263 2004 0 1 1 1 112158 30282842 282842 30000000 2010 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 1 1 1 JP MORGAN 21.400000000000 0 0 0 0 0 1 1 1 BNY MELLON 26.000000000000 0 0 1 AIG MATCHING FUND 3.100000000000 1 0 0 X SCHEDULE K, PART II, LINE 3, COLUMN 1 THE DIFFERENCE BETWEEN THE PROCEEDS AMOUNT ON LINE 3 AND THE ISSUE PRICE IN PART I REPRESENTS THE DISCOUNT AT ISSUANCE. SCHEDULE K, PART II, LINE 3, COLUMN 2 THE DIFFERENCE BETWEEN THE PROCEEDS AMOUNT ON LINE 3 AND THE ISSUE PRICE IN PART I REPRESENTS THE DISCOUNT AT ISSUANCE. SHARON KAUFMAN-OSBORN FAMILY MEMBER OF TIMOTHY KAUFMAN-OSBORN, PROVOST 35728 COMPENSATION 0 PATRICIA SORENSON FAMILY MEMBER OF CHARLES CLEVELAND, KEY EMPLOYEE 32321 COMPENSATION 0 KARI TUPPER FAMILY MEMBER OF GEORGE BRIDGES, OFFICER 57089 COMPENSATION 0 X 19 381656 FMV X 5312 FMV X 2879 FMV X 127 4918701 FMV X COMPUTER SUPPLIES 6 97473 FMV X TRAVEL VOUCHERS 3 16780 FMV X THERMAL IMAGERS 2 14990 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 JOHN COLEMAN AND WILLIAM WAY, TRUSTEES - FAMILY RELATIONSHIP JOHN STANTON AND PETER VAN OPPEN, TRUSTEES - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 PROCESS USED BY THE ORGANIZATION TO REVIEW FORM 990 - AN ELECTRONIC DRAFT COPY IS PROVIDED TO THE AUDIT COMMITTEE. VIA E-MAIL AND/OR CONFERENCE CALLS, THE COMMITTEE DISCUSSES AND PROVIDES INPUT TO MANAGEMENT. THE COMMITTEE NEXT ACCEPTS THE FORM 990 AND IT IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW. AFTER THE TRUSTEES HAVE PROVIDED THEIR INPUT AND ALL QUESTIONS ARE RESOLVED, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS USED BY THE ORGANIZATION TO MONITOR AND ENFORCE COMPLIANCE WITH CONFLICT OF INTEREST POLICY - TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE GIVEN A QUESTIONNAIRE ANNUALLY. THE QUESTIONNAIRE INCLUDES THE COLLEGE'S CONFLICT OF INTEREST POLICY AND ASKS EACH INDIVIDUAL ABOUT THE EXISTENCE OF CONFLICTS OF INTEREST, AS WELL AS OTHER PAYMENTS OR SITUATIONS WHICH COULD BE CONSTRUED TO PRESENT A CONFLICT. IF AN INDIVIDUAL ANSWERS ANY QUESTION IN THE AFFIRMATIVE, THEY ARE ASKED TO DESCRIBE THE SITUATION IN THEIR RESPONSE. IF THERE ARE ANY CONCERNS RELATIVE TO ANY ONE INDIVIDUAL'S RESPONSES, MANAGEMENT FOLLOWS UP TO DISCUSS HOW BEST TO DEAL WITH ANY IDENTIFIED SITUATIONS. MANAGEMENT VERIFIES ALL IDENTIFIED INDIVIDUALS HAVE RESPONDED. ALL THE RESPONSES ARE RETAINED IN ACCORDANCE WITH THE COLLEGE'S FILE RETENTION POLICY. TRUSTEES ARE REMINDED OF POTENTIAL CONFLICTS AT EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL - TRUSTEES APPROVED THE COMPENSATION PACKAGE OF THE COLLEGE'S PRESIDENT AND THE DELIBERATIONS ON THAT PROCESS ARE DOCUMENTED IN THE MINUTES. COMPARABLE DATA FROM PEER INSTITUTIONS WAS USED TO SET THE COMPENSATION RATE. COMPENSATION PROCESS FOR OFFICERS AND KEY EMPLOYEES - TRUSTEES APPROVED THE COMPENSATION PACKAGES OF THE COLLEGE'S OFFICERS. COMPARABLE DATA FROM PEER INSTITUTIONS FOR EACH POSITION WAS USED TO SET THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE PROVIDES ACCESS TO ITS FORM 990 AND FINANCIAL STATEMENTS VIA ITS WEBSITE. THE COLLEGE'S TAX EXEMPTION LETTER FROM THE IRS AND OTHER POLICY DOCUMENTS ARE AVAILABLE UPON REQUEST. HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS: PART VII, SECTION A: NANCY B. SERRURIER, PETER VAN OPPEN AND PETER W. HARVEY EACH DEVOTE 1 HOUR TO WHITMAN COLLEGE 21ST CENTURY TRUST. EACH OF THE FOLLOWING DEVOTE 1 HOUR TO WHITMAN COLLEGE PAUL GARRETT FOUNDATION: MEGAN CLUBB JOHN C. COLEMAN ANDREW FERRARI KAREN GLOVER TOM MCCRACKEN BRADLEY M. MCMURCHIE MEGAN MEDICA WALTER C. MINNICK DEAN NICHOLS DAVID NIERENBERG JAMES L. ROBART JOHN W. STANTON LAWRENCE B. STONE JANICE ABRAHAM WILLIAM WAY PETER VAN OPPEN NANCY SERRURIER PETER W. HARVEY CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -6,981,768. WHITMAN COLLEGE PAUL GARRETT FOUNDATION 345 BOYER AVENUE WALLA WALLA WA 99362 911648072 TRUST WA 501(C) LINE 11A, I BOARD OF TRUSTEES OF WHITMAN COLLEGE 1 WHITMAN COLLEGE 21ST CENTURY TRUST 345 BOYER AVENUE WALLA WALLA WA 99362 916526001 TRUST WA 501(C) LINE 11A, I BOARD OF TRUSTEES OF WHITMAN COLLEGE 1 CHARITABLE LEAD ANNUITY TRUST (1) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A T CHARITABLE REMAINDER ANNUITY TRUSTS (2) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A T CHARITABLE REMAINDER UNITRUSTS (21) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A T POOLED INCOME FUNDS (3) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WHITMAN COLLEGE PAUL GARRETT FOUNDATION C 196634 CASH AMOUNT WHITMAN COLLEGE 21ST CENTURY TRUST C 250708 CASH AMOUNT