2013-05-15T13:20:48-05:00 2012-06-30 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2011-07-01 356014491 EARLHAM FOUNDATION CO EARLHAM COLLEGE % SENA K LANDEY EARL 7659831200 801 NATIONAL ROAD WEST RICHMOND IN 47374 SENA K LANDEY 7659831200 2013-05-15 true 3173834000 2011 2016-02-24 21:20:13Z SENA K LANDEY TREASURER 801 NATIONAL ROAD WEST RICHMOND IN 47374 181220429 false X N/A X 1931 IN THE EARLHAM FOUNDATION RECEIVES AND HOLDS PERMANENTLY RESTRICTED AND UNRESTRICTED GIFTS MADE TO BOTH EARLHAM COLLEGE AND THE EARLHAM SCHOOL OF RELIGION. SEE ATTACHMENT 1. 7 6 0 0 0 6750516 2442654 0 0 10921518 10302446 0 0 17672034 12745100 12711903 12832847 0 0 0 0 0 0 0 398145 399190 13110048 13232037 4561986 -486937 218274496 205962790 0 0 218274496 205962790 X THE EARLHAM FOUNDATION RECEIVES AND HOLDS PERMANENTLY RESTRICTED GIFTS MADE TO EARLHAM COLLEGE (INCLUDING THE EARLHAM SCHOOL OF RELIGION) AS WELL AS UNRESTRICTED GIFTS DESIGNATED BY THE COLLEGE OF TRUSTESS AS QUASI-ENDOWMENT. THE FOUNDATION INVESTS THESE FUNDS AND RELEASE QUARTERLY DISTRIBUTIONS OF EARNINGS TO EARLHAM COLLEGE AND EARLHAM SCHOOL OF RELIGION TO SUPPORT THEIR OPERATIONS. false false 12832847 12832847 MANAGING THE INVESTMENT PORTFOLIO FOR ENDOWED AND QUASI-ENDOWED FUNDS FOR THE BENEFIT OF EARLHAM COLLEGE AND EARLHAM SCHOOL OF RELIGION STUDENTS. 12832847 false true false false false false false true false false false false false false false true false false false false false false false false false true false true false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false X 7 6 false false false false false false false true true false false true true true true true true false IN X SENA K LANDEY 7659831200 801 NATIONAL ROAD WEST RICHMOND IN 47374 X THOMAS JOHNSON 1.0 X 0 0 DAVID JOSE 1.0 X 0 0 NORMAN HERBERT 5.0 X X 0 0 RONALD MCDANIEL 1.0 X 0 0 BRENT TAYLOR 1.0 X 0 0 SENA LANDEY 5.0 X X 0 55656 15661 MARK NEWLIN 5.0 X X 0 0 PHILLIP MORGAN 40.0 X 0 0 CATHERINE HABSCHMIDT 5.0 X 0 99361 32457 RICHARD SMITH 20.0 X 0 157011 41343 0 312028 89461 0 false true false 0 2442654 2442654 0 1937757 1937757 0 0 176840018 168475329 8364689 8364689 8364689 0 0 0 0 12745100 10302446 12832847 12832847 0 0 0 0 0 0 0 0 0 0 0 0 0 0 399190 0 399190 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13232037 12832847 399190 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 218274496 205962790 0 0 0 0 0 0 0 0 218274496 205962790 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 45713527 44722130 115228576 101590500 57332393 59650160 218274496 205962790 218274496 205962790 X -486937 -11824769 X false true true X false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 218274496 2442654 -1522323 12832847 399190 205962790 175917882 6750516 48716146 12711903 398145 218274496 163737529 3296065 22694921 13413914 396719 175917882 226187715 665853 -49342893 13283527 489619 163737529 0.21710 0.28960 0.49330 false false 12745100 13232037 -486937 -11824769 -11824769 -12311706 41236211 -11824769 40715070 28890301 12345910 399190 399190 12745100 48841953 36009106 36009106 12832847 399190 399190 13232037 INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 EARLHAM'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE EDUCATIONAL PROGRAMS OF THE COLLEGE. IN ADDITION TO THE $205,962,790 IN ENDOWED FUNDS REPORTED HERE, A RELATED PARTY, EARLHAM COLLEGE ALSO DIRECTLY HOLDS $120,545,802 IN ENDOWED FUNDS. THE CONSOLIDATED ENDOWMENT BALANCE FOR THE BENEFIT OF EARLHAM COLLEGE IS $326,508,592. FIN 48 DISCLOSURE SCHEDULE D, PART X MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINE 4B INCOME REPORTED AT EARLHAM COLLEGE $ 40,715,070 RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XIII, LINE 4B EXPENSES REPORTED AT EARLHAM COLLEGE $ 36,009,106 true EARLHAM COLLEGE 801 NATIONAL ROAD WEST RICHMOND IN 47374 350868073 501(c)(3) 12832847 N/A N/A SUPPORT 1 RECIPIENTS OF GRANTS SCHEDULE I, PART I, LINE 2 ALL GRANTS ARE MADE SOLELY TO EARLHAM COLLEGE FOR EDUCATIONAL PURPOSES. false false false RICHARD SMITH 0 157011 17210 24133 0 198354 PROCESS TO REVIEW FORM 990 FORM 990, PART VI, QUESTION 11B A COPY OF THE FORM 990 WAS PROVIDED TO EACH MEMBER OF THE FULL GOVERNING BODY PRIOR TO ITS FILING. THE RETURN WAS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. CONFLICT OF INTEREST FORM 990, PART VI, QUESTION 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY REQUIRES THAT OFFICERS AND DIRECTORS DISCLOSE ANY SITUATIONS THAT MAY RESULT IN A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. QUESTIONNAIRES MUST BE COMPLETED ANNUALLY BUT UPDATED SOONER IF A PERSON'S SITUATION CHANGES. DISCLOSURES ARE SUMMARIZED AND REVIEWED BY THE AUDIT COMMITTE OF THE EARLHAM BOARD OF TRUSTEES. IF AN OFFICER OR DIRECTOR HAS A CONFLICT, THEY WILL NOT PARTICIPATE IN THE DECISION-MAKING PROCESS. PROCESS TO DETERMINE CEO, OFFICER, & KEY EMPLOYEE COMPENSATION FORM 990, PART VI, LINES 15A & 15B THE EARLHAM FOUNDATION DOES NOT COMPENSATE ANY OFFICERS, DIRECTORS, OR EMPLOYEES. THE RELATED COMPENSATION IS PAID TO OFFICERS BY EARLHAM COLLEGE. AVAILABILITY OF ORGANIZATION'S GOVERNING DOCS, COI, & FINANCIAL STATEMENTS FORM 990, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, LINE 5 UNREALIZED GAIN/(LOSS) ON INVESTMENTS $ (11,824,769) HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:SENA LANDEY TITLE:DIRECTOR & SECRETARY/TREASURER HOURS:50 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:PHILLIP MORGAN TITLE:ASST. TREAS. (MARCH-JUNE 2012) HOURS:10 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CATHERINE HABSCHMIDT TITLE:ASSISTANT SECRETARY HOURS:45 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:RICHARD SMITH TITLE:ASST. TREAS. (JULY-DEC 2011) HOURS:10 EARLHAM COLLEGE 801 NATIONAL ROAD WEST RICHMOND IN 47374 350868073 EDUCATION IN 501(C)(3) 2 NA false false true true false false false false false false false false false false true false false false false EARLHAM COLLEGE B 12832847 SEE PART VII EARLHAM COLLEGE C 2442654 SEE PART VII EARLHAM COLLEGE N 209370 SEE PART VII METHOD USED IN DETERMINING AMOUNTS INVOLVED WITH RELATED ORGANIZATIONS SCHEDULE R, PART V, LINE 2 (1) CASH CONTRIBUTED (2) ALLOCATION OF PAYROLL EXPENSE (3) VALUE PER FINANCIAL STATEMENTS