MACALESTER COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MACALESTER COLLEGE (EIN 41-0693962)
- Tax period
- 2011-06-01 to 2012-05-31
- Filed
- 2013-04-13
- IRS object ID
- 201341039349300749
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-13T11:02:40-05:00 | Timestamp |
| Tax Period End Date | 2012-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 818 SECOND ST SO SUITE 320 | AddressLine1 |
| City | WAITE PARK | City |
| State | MN | State |
| ZIP Code | 56387 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410693962 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MACALESTER COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MACA | NameControl |
| Phone | 6516966000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 GRAND AVENUE | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55105 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID WHEATON | Name |
| Title | VP FOR ADMIN & FINANCE | Title |
| Phone | 6516966000 | Phone |
| Date Signed | 2013-04-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KAREN GRIES | Name |
| PTIN | P00078514 | PTIN |
| Phone | 3202035500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DAVID WHEATON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 GRAND AVENUE | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55105 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 256945420 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MACALESTER.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1874 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | MACALESTER IS A FOUR-YEAR HIGHLY-SELECTIVE LIBERAL ARTS COLLEGE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 33 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 32 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2665 | TotalNbrEmployees |
| Total Nbr Volunteers | 1500 | TotalNbrVolunteers |
| Total Gross UBI | 187957 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 17075969 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 16470674 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 91917849 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 95379735 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 18793766 | InvestmentIncomePriorYear |
| Investment Income Current Year | 35083997 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1643353 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1544692 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 129430937 | TotalRevenuePriorYear |
| Total Revenue Current Year | 148479098 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 37895550 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 39925356 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 57187761 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 58283240 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 4997989 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 37474302 | OtherExpensePriorYear |
| Other Expenses Current Year | 40794887 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 132557613 | TotalExpensesPriorYear |
| Total Expenses Current Year | 139003483 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -3126676 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 9475615 | RevenuesLessExpensesCY |
| Total Assets BOY | 934013579 | TotalAssetsBOY |
| Total Assets EOY | 893913303 | TotalAssetsEOY |
| Total Liabilities BOY | 112522105 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 110593673 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 821491474 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 783319630 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MACALESTER COLLEGE IS COMMITTED TO BEING RECOGNIZED AS A PREEMINENT LIBERAL ARTS COLLEGE KNOWN FOR HIGH STANDARDS OF SCHOLARSHIP AND TEACHING WITH SPECIAL EMPHASIS ON INTERNATIONALISM, MULTICULTURALISM, AND SERVICE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 85715992 | Expense |
| Grants | 39854356 | Grants |
| Revenue | 69452814 | Revenue |
| Description | SEE SCHEDULE O. INSTRUCTION OF STUDENTS AND ACADEMIC SUPPORT OF INSTRUCTION: MACALESTER PREPARES STUDENTS FOR WORLD CITIZENSHIP THROUGH ITS BROAD-BASED, RIGOROUS LIBERAL ARTS EDUCATION. STUDENTS FROM 49 STATES AND MORE THAN 94 COUNTRIES EXPERIENCE AN ACADEMIC PROGRAM THAT RANKS AMONG THE TOP 25 IN THE NATION. TO SUPPORT STUDENT TEACHING AND LEARNING, MACALESTER MAINTAINS A STUDENT FACULTY RATIO OF 11:1, WITH AN AVERAGE CLASS SIZE OF 17. STUDENTS CAN CHOOSE FROM AMONG 38 MAJORS AND 35 MINORS, COMPRISED OF MORE THAN 800 COURSES. MACALESTER IS COMMITTED TO ADMITTING AN ECONOMICALLY DIVERSE STUDENT BODY AND MEETS THE FULL FINANCIAL NEED OF EVERY ADMITTED STUDENT. NEARLY TWO THIRDS OF STUDENTS STUDY ABROAD. MACALESTER'S SEVEN ACADEMIC FACILITIES AND LIBRARY BOAST STATE-OF-THE ART TECHNOLOGY, INCLUDING SCIENCE LABORATORIES AND A LEED PLATINUM CERTIFIED BUILDING. ENROLLMENT FOR FALL 2011 WAS 1,987 AND 428 STUDENTS GRADUATED DURING THE 2011-2012 FISCAL YEAR. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 19496933 | Expense |
| Grants | 0 | Grants |
| Revenue | 15797716 | Revenue |
| Description | STUDENT SERVICES: THE CO-CURRICULAR STUDENT EXPERIENCE IS CRITICAL TO MACALESTER'S MISSION. TO SUPPORT A VIBRANT STUDENT EXPERIENCE, MACALESTER PROVIDES A RANGE OF STUDENT SERVICES AND SUPPORT. WITH MORE THAN 100 STUDENT-RUN CLUBS AND ORGANIZATIONS, MACALESTER STUDENTS HAVE SIGNIFICANT LEADERSHIP OPPORTUNITIES. THE CAREER DEVELOPMENT CENTER HELPS STUDENTS GAIN VALUABLE WORK EXPERIENCE AND PLAN THEIR CAREERS UPON GRADUATION. THE LEONARD CENTER ATHLETIC AND WELLNESS COMPLEX HOUSES TRAINING AND COMPETITION AREAS AND PROVIDES FITNESS AND WELLNESS PROGRAMS. MACALESTER COMPETES IN NCAA DIVISION III AND SUPPORTS 19 MEN'S AND WOMEN'S SPORTS. DURING THE 2011-12 FISCAL YEAR, INTRAMURAL ATHLETICS HAD OVER 1,100 PARTICIPANTS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 9356531 | Expense |
| Revenue | 7581286 | Revenue |
| Description | DORMITORIES AND DINING HALLS: MACALESTER IS A RESIDENTIAL CAMPUS, LOCATED ON 53 ACRES IN THE CENTER OF A MAJOR U.S. METROPOLITAN AREA. FIRST YEAR AND SECOND YEAR STUDENTS ARE REQUIRED TO LIVE ON CAMPUS; OVERALL TWO THIRDS OF STUDENTS LIVE ON CAMPUS. MACALESTER HAS TEN RESIDENCE HALLS, SIX LANGUAGE HOUSES, AND SIX THEME RESIDENCES (ECOHOUSE, CULTURAL HOUSE, ALL-GENDER COMMUNITY, INTERFAITH HOUSE, VEGGIE CO-OP, AND STUDY ABROAD HOUSE). THE DINING HALL IS LOCATED IN THE CAMPUS CENTER, WHICH CREATES A VIBRANT LIVING-LEARNING COMMUNITY. LOCALLY-SOURCED ORGANIC FOODS ARE MAXIMIZED IN DINING OPERATIONS. FOOD SCRAPS ARE SENT TO A LOCAL FARM RATHER THAN TO A LANDFILL. SUSTAINABILITY IS AN IMPORTANT PRIORITY FOR THE COLLEGE; IN RESIDENCE HALLS AND DINING HALLS, STUDENTS ARE ENCOURAGED TO REDUCE ENERGY USE. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3144544 | Expense |
| Grants | 71000 | Grants |
| Revenue | 2547919 | Revenue |
| Description | OTHER SERVICES - RESEARCH, PUBLIC SERVICES, POST OFFICE, ETC. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 3144544 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 71000 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 2547919 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 117714000 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2339 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 2665 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | AU | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 33 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 32 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID WHEATON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6516966000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 GRAND AVENUE | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55105 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (43 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| PETER AHN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| PAUL ANDERSON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| ANNE CRANDALL CAMPBELL | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| MELVIN COLLINS | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JERRY CRAWFORD | ||||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | ||
| RUTH STRICKER DAYTON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DAVID DENO | ||||||||
| CHAIR | 1.00 | X | 0 | 0 | 0 | X | ||
| R LAWRENCE DESSEM | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| MAURA DONOVAN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| STEVEN EULLER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| PETER FENN | ||||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | ||
| TIMOTHY HART-ANDERSEN | ||||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | ||
| MICHAEL HUBER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| PATRICIA HURLEY | ||||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | X | ||
| CARRIE NORBIN KILLORAN | ||||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X | ||
| MICHAEL KLINGENSMITH | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JEFFREY LARSON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JOHN LAW | ||||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | ||
| MARK LEONARD | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LEE NYSTROM | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| PAUL OLSON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| SANDRA ORTIZ | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| SARA PETERSON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JUAN RADA | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JAMES REISSNER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| SUSAN DUNST SCHWARTZ | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| MICHAEL SNEED | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| BRUCE SOLTIS | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| MARK VANDER PLOEG | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| PER VON ZELOWITZ | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JON WALTON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JO OPDYKE WILHELM | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| BRIAN ROSENBERG | ||||||||
| PRESIDENT | 40.00 | 528707 | 0 | 217383 | X | |||
| DAVID WHEATON | ||||||||
| VP FOR FINANCE & ADMIN | 40.00 | 214228 | 0 | 38546 | X | |||
| THOMAS BONNER | ||||||||
| VP FOR ADVANCEMENT | 40.00 | 225033 | 0 | 40342 | X | |||
| KATHLEEN MURRAY | ||||||||
| PROVOST/DEAN OF FACULTY | 40.00 | 221591 | 0 | 33592 | X | |||
| MANSCO PERRY III | ||||||||
| CHIEF INVESTMENT OFFICER | 40.00 | 296531 | 0 | 16943 | X | |||
| LORNE ROBINSON | ||||||||
| DEAN OF ADMISS. & FIN. AID | 40.00 | 164902 | 0 | 17055 | X | |||
| DAVID LANEGRAN | ||||||||
| PROFESSOR | 40.00 | 155246 | 0 | 25708 | X | |||
| DANIEL HORNBACH | ||||||||
| PROFESSOR | 40.00 | 152196 | 0 | 25695 | X | |||
| LAURIE HAMRE | ||||||||
| VP FOR STUDENT AFFAIRS | 40.00 | 146204 | 0 | 21246 | X | |||
| AHMED SAMATAR | ||||||||
| PROFESSOR | 40.00 | 164728 | 0 | 22589 | X | |||
| DIANE MICHELFELDER | ||||||||
| PROFESSOR | 40.00 | 143494 | 0 | 21059 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2412860 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 480158 | TotalOtherCompensation |
| Number Individuals GT100 K | 72 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| MCGOUGH CONSTRUCTION | |||||
| 2737 FAIRVIEW AVENUE NORTH | ST PAUL | MN | 55113 | CONSTRUCTION | 15989431 |
| BON APPETIT MANAGEMENT CO | |||||
| 91337 COLLECTIONS DRIVE | CHICAGO | IL | 60603 | FOOD SERVICE | 4002801 |
| NORTHERN TRUST | |||||
| 50 LASALLE STREET | CHICAGO | IL | 60603 | INVESTMENT CUSTODIAN | 1636066 |
| WORLD LEARNING INC | |||||
| KIPLING ROAD PO BOX 676 | BRATTLEBORO | VT | 05302 | STUDY ABROAD PROGRAM | 1262388 |
| AMERICAN MASONRY RESTORATION CORP | |||||
| 7701 E RIVER ROAD | FRIDLEY | MN | 55432 | BUILDING REPAIR | 692818 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 29 | NumberOfContractorsGT100K |
| Government Grants | 2600495 | GovernmentGrants |
| All Other Contributions | 13870179 | AllOtherContributions |
| Noncash Contributions | 1396544 | NoncashContributions |
| Total Contributions | 16470674 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611710 | 82333067 | 82333067 |
| SALES & SERVICE OF AUX | 611710 | 13046668 | 13046668 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 95379735 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15111648 | TotalRevenueColumn |
| Exclusion | $15,111,648 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1057035 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 927019 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 130016 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 130016 | TotalRevenueColumn |
| Unrelated Business Revenue | -71 | UnrelatedBusinessRevenue |
| Exclusion | $130,087 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 126960294 | Securities |
| Other | 80976 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 107068921 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 19891373 | Securities |
| Other | 80976 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19972349 | TotalRevenueColumn |
| Exclusion | $19,972,349 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 705951 | GrossSalesOfInventory |
| Cost Of Goods Sold | 470382 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 235569 | TotalRevenueColumn |
| Related Or Exempt Function Income | 235569 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS REVENUE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 1179107 | TotalRevenueColumn |
| Related Or Exempt Function Income | 991079 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 188028 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1179107 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 148479098 | TotalRevenueColumn |
| Related Or Exempt Function Income | 96606383 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 187957 | UnrelatedBusinessRevenue |
| Exclusion | $35,214,084 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71000 | Total |
| Program Services | 71000 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39854356 | Total |
| Program Services | 39854356 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1982789 | Total |
| Program Services | 437140 | ProgramServices |
| Management And General | 1125815 | ManagementAndGeneral |
| Fundraising | 419834 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43861349 | Total |
| Program Services | 35845390 | ProgramServices |
| Management And General | 5516261 | ManagementAndGeneral |
| Fundraising | 2499698 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3199256 | Total |
| Program Services | 2683075 | ProgramServices |
| Management And General | 358342 | ManagementAndGeneral |
| Fundraising | 157839 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6259491 | Total |
| Program Services | 5130799 | ProgramServices |
| Management And General | 770707 | ManagementAndGeneral |
| Fundraising | 357985 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2980355 | Total |
| Program Services | 2394418 | ProgramServices |
| Management And General | 404523 | ManagementAndGeneral |
| Fundraising | 181414 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 105564 | Total |
| Program Services | 8806 | ProgramServices |
| Management And General | 96248 | ManagementAndGeneral |
| Fundraising | 510 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70093 | Total |
| Management And General | 70093 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1636066 | Total |
| Management And General | 1636066 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2091877 | Total |
| Program Services | 1261608 | ProgramServices |
| Management And General | 768730 | ManagementAndGeneral |
| Fundraising | 61539 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 94921 | Total |
| Program Services | 59867 | ProgramServices |
| Management And General | 10372 | ManagementAndGeneral |
| Fundraising | 24682 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5408811 | Total |
| Program Services | 3914151 | ProgramServices |
| Management And General | 682857 | ManagementAndGeneral |
| Fundraising | 811803 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1637703 | Total |
| Program Services | 290668 | ProgramServices |
| Management And General | 1288953 | ManagementAndGeneral |
| Fundraising | 58082 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2418723 | Total |
| Program Services | 2115154 | ProgramServices |
| Management And General | 275985 | ManagementAndGeneral |
| Fundraising | 27584 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2101104 | Total |
| Program Services | 1679282 | ProgramServices |
| Management And General | 198190 | ManagementAndGeneral |
| Fundraising | 223632 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 243276 | Total |
| Program Services | 156233 | ProgramServices |
| Management And General | 75653 | ManagementAndGeneral |
| Fundraising | 11390 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3217151 | Total |
| Program Services | 3107699 | ProgramServices |
| Management And General | 109452 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7276010 | Total |
| Program Services | 5989069 | ProgramServices |
| Management And General | 1286941 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 266529 | Total |
| Program Services | 178994 | ProgramServices |
| Management And General | 87043 | ManagementAndGeneral |
| Fundraising | 492 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| STUDY AWAY PROGRAMS | 5316120 | 5316120 | ||
| OTHER OUTSIDE SERVICES | 3656383 | 2890001 | 741279 | 25103 |
| BOOKS, PERIODICALS, ART | 1447192 | 1422917 | 12724 | 11551 |
| MINOR EQUIPMENT | 1442137 | 1141619 | 256201 | 44317 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2365227 | Total |
| Program Services | 1765634 | ProgramServices |
| Management And General | 519059 | ManagementAndGeneral |
| Fundraising | 80534 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139003483 | Total |
| Program Services | 117714000 | ProgramServices |
| Management And General | 16291494 | ManagementAndGeneral |
| Fundraising | 4997989 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73216527 | BOY |
| EOY | 76980548 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12261843 | BOY |
| EOY | 11097503 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 510475 | BOY |
| EOY | 594697 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5265071 | BOY |
| EOY | 5460851 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 184752 | BOY |
| EOY | 155786 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1664570 | BOY |
| EOY | 1727334 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 284312970 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 81825509 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 180724096 | BOY |
| EOY | 202487461 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 276240908 | BOY |
| EOY | 235028876 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 355980628 | BOY |
| EOY | 334775905 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27964709 | BOY |
| EOY | 25604342 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 934013579 | BOY |
| EOY | 893913303 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12110282 | BOY |
| EOY | 13857364 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4545428 | BOY |
| EOY | 4541653 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 998283 | BOY |
| EOY | 1140821 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82617649 | BOY |
| EOY | 79330415 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12250463 | BOY |
| EOY | 11723420 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112522105 | BOY |
| EOY | 110593673 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154653915 | BOY |
| EOY | 154271395 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 317089739 | BOY |
| EOY | 280767682 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 349747820 | BOY |
| EOY | 348280553 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 821491474 | BOY |
| EOY | 783319630 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 934013579 | BOY |
| EOY | 893913303 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 9475615 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -47647459 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 1 | Volunteers |
| Paid Staff Or Management | 1 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $700 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 700 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1: | ReturnReference |
| Explanation | MACALESTER COLLEGE ENGAGES IN LOBBYING ACTIVITIES RELATED TO FUNDING OF THE MINNESOTA STATE GRANT PROGRAM. | Explanation |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 638449674 | BeginningOfYearBalance |
| Contributions | 4229032 | Contributions |
| Investment Earnings Or Losses | -10495862 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 22528016 | GrantsOrScholarships |
| Other Expenditures | 9742856 | OtherExpenditures |
| Administrative Expenses | 2237000 | AdministrativeExpenses |
| End Of Year Balance | 597674972 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 572459775 | BeginningOfYearBalance |
| Contributions | 1203062 | Contributions |
| Investment Earnings Or Losses | 97223301 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 22808234 | GrantsOrScholarships |
| Other Expenditures | 7688303 | OtherExpenditures |
| Administrative Expenses | 1939927 | AdministrativeExpenses |
| End Of Year Balance | 638449674 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 523140564 | BeginningOfYearBalance |
| Contributions | 4137481 | Contributions |
| Investment Earnings Or Losses | 77027500 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 22142081 | GrantsOrScholarships |
| Other Expenditures | 7857812 | OtherExpenditures |
| Administrative Expenses | 1845877 | AdministrativeExpenses |
| End Of Year Balance | 572459775 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 667232010 | BeginningOfYearBalance |
| Contributions | 6567898 | Contributions |
| Investment Earnings Or Losses | -120521099 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 12385071 | GrantsOrScholarships |
| Other Expenditures | 15906791 | OtherExpenditures |
| Administrative Expenses | 1846383 | AdministrativeExpenses |
| End Of Year Balance | 523140564 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.07820 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.50770 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.41410 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1613823 | OtherCostOrOtherBasis |
| Book Value | 1613823 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 12722476 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 257988474 | OtherCostOrOtherBasis |
| Depreciation | 73781527 | Depreciation |
| Book Value | 196929423 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11988197 | OtherCostOrOtherBasis |
| Depreciation | 8043982 | Depreciation |
| Book Value | 3944215 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 202487461 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| LP INTEREST IN DOM EQ | 73070305 | F |
| LP INTEREST IN PRIVATE EQ | 102193806 | F |
| LP INT IN HEDGE FUNDS | 60693267 | F |
| LP INT IN REAL EST. | 34954482 | F |
| LP INT IN NAT. RES. | 63864045 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 334775905 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEPOSITS | $288,900 |
| INTEREST RATE SWAP AGREEMENT | $1,639,377 |
| LIAB UNDER PLANNED GIVING AGMTS | $7,671,644 |
| ASSET RETIREMENT OBLIGATION | $784,763 |
| UNAMORTIZED BOND PREMIUM | $1,070,736 |
| CAPITAL LEASES | $268,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 11723420 | TotalOfAmounts |
| Total Revenue | 148479098 | TotalRevenue |
| Total Expenses | 139003483 | TotalExpenses |
| Excess Or Deficit For Year | 9475615 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -43317092 | NetUnrealizedGLOnInvestments |
| Other | -$4,330,367 | OtherAmount |
| Total Adjustments | -47647459 | TotalAdjustments |
| Excess Or Deficit Per FS | -38171844 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 101287058 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -43317092 | NetUnrealizedGainsInvestments |
| Other Revenues | -2238882 | OtherRevenues |
| Revenue Not Rptd F990 | -45555974 | RevenueNotRptdF990 |
| Revenue Subtotal | 146843032 | RevenueSubtotal |
| Investment Expenses Not Included | 1636066 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1636066 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 148479098 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 138294436 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 927019 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 927019 | ExpensesNotRptdF990 |
| Expenses Subtotal | 137367417 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 1636066 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 1636066 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 139003483 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | MACALESTER COLLEGE USES THE EARNINGS FROM ITS ENDOWMENT FUNDS FOR SCHOLARSHIPS, PRIZES, AWARDS, LIBRARY SUPPORT, PROGRAM SUPPORT, FACULTY SUPPORT, AND RESEARCH IN ACCORDANCE WITH DONOR RESTRICTIONS WHERE APPLICABLE. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE COLLEGE'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON TECHNICAL MERITS. THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSES OR BENEFIT. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -696,282. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -2,312,853. CHANGE IN VALUE OF INTEREST RATE SWAP -156,766. TRANSFERS OF ASSETS TO OUTSIDE ENTITY -1,164,466. TOTAL TO SCHEDULE D, PART XI, LINE 8: -4,330,367. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -696,282. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -2,312,853. CHANGE IN VALUE OF INTEREST RATE SWAP -156,766. RENTAL EXPENSE 927,019. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSE 927,019. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | MACALESTER COLLEGE PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE, IN ITS COLLEGE CATALOG, AND ON ITS APPLICATION FOR ADMISSION. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | MACALESTER COLLEGE RECEIVES TITLE IV FUNDING FROM THE UNITED STATES DEPARTMENT OF EDUCATION (I.E. PELL, SEOG, FEDERAL WORK STUDY, DIRECT LOAN PROGRAM, AND PERKINS LOAN PROGRAM). |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (18 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICE | ARCHAEOLOGICAL | 20873 |
| EUROPE | 0 | 0 | PROGRAM SERVICE | STUDENT RECRUITMENT | 14865 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICE | STUDENT RECRUITMENT | 33035 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICE | STUDENT RECRUITMENT | 7157 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD PROGRAMS | 218407 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD PROGRAMS | 673407 |
| EUROPE | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD PROGRAMS | 2459924 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD PROGRAMS | 244502 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD PROGRAMS | 32190 |
| RUSSIA AND THE NEWLY INDEPENDENT STATES | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD PROGRAMS | 146875 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD PROGRAMS | 705357 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD PROGRAMS | 178405 |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICE | STUDY ABROAD PROGRAMS | 535830 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICE | GRANT RESEARCH | 15000 |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICE | GRANT RESEARCH | 32000 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICE | GRANT RESEARCH | 10000 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | 13992500 | |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENS | 27165243 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 3672170 | SubtotalAmountSpent |
| Cont Amount Spent | 42813400 | ContAmountSpent |
| Total Amount Spent | 46485570 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 1 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD USED TO ACCCOUNT FOR EXPENDITURES: | Identifier |
| Explanation | SCHEDULE F, PART I, LINE 3: EXPENDITURES ARE RECORDED AS EXPENSES IN THE COLLEGE'S GENERAL LEDGER WHEN THE EXPENSES ARE INCURRED, OTHERWISE KNOWN AS THE ACCRUAL METHOD OF ACCOUNTING. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| DISTRICT COUNCIL 13 (UNION PARK) | |||||||
| STE LL100 1570 CONCORDIA AVE | SAINT PAUL | MN | 55104 | 411434829 | 501(C)(3) | 25000 | SUPPORT OF COMMUNITY ORGANIZING IN SEVERAL ST. PAUL NEIGHBORHOODS |
| MACALESTER GROVELAND COMMUNITY COUNCIL | |||||||
| 320 GRIGGS ST | SAINT PAUL | MN | 55105 | 411414691 | 501(C)(3) | 26000 | SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD |
| FAMILY TREE CLINIC | |||||||
| 1619 DAYTON AVE STE 205 | SAINT PAUL | MN | 55104 | 237133742 | 501(C)(3) | 5000 | SUPPORT OF THE DEAF & BLIND WOMEN'S HEALTH PROGRAM |
| NICE RIDE MINNESOTA | |||||||
| 2834 10TH AVE S STE 3 | MINNEAPOLIS | MN | 55407 | 264372592 | 501(C)(3) | 15000 | SUPPORT OF THE BIKE SHARING HUB LOCATED AT MACALESTER COLLEGE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 4 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS AND GRANTS TO STUDENTS | TypeOfGrant |
| Number Of Recipients | 1488 | NumberOfRecipients |
| Amount Of Cash Grant | 36854356 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: WHEN DETERMINING THE AMOUNT OF FINANCIAL AID A STUDENT WILL RECEIVE, THE FINANCIAL AID OFFICE FIRST CALCULATES HOW MUCH THE STUDENT'S FAMILY CAN REASONABLY AFFORD. THIS CALCULATION RELIES ON TWO PRIMARY SOURCES OF INFORMATION: 1) A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA); AND 2) A FINANCIAL AID PROFILE; BOTH OF WHICH ARE COMPLETED BY THE FAMILY. THE FINANCIAL AID OFFICE AWARDS A FINANCIAL AID PACKAGE THAT FILLS THE GAP BETWEEN THE CALCULATED AMOUNT THE STUDENT'S FAMILY CAN REASONABLY AFFORD AND THE COST OF ATTENDING MACALESTER COLLEGE. SCHEDULE I, PART I, LINE 2: THE COLLEGE'S HIGH WINDS FUND AWARDS SMALL GRANTS TO NEIGHBORHOOD ORGANIZATIONS WORKING TO MAKE OUR NEIGHBORHOOD A VIBRANT PLACE TO LIVE, AND TO LOCAL NEIGHBORHOOD COUNCILS COMMITTED TO AREA LIVABILITY ISSUES. GRANT RECIPIENTS ARE REQUIRED TO SUBMIT A REPORT DESCRIBING USE OF GRANT FUNDS AT LEAST ANNUALLY OR AT THE CLOSE OF A SPECIFIC PROJECT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (11 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRIAN ROSENBERG | |||||||||||||
| 472092 | 0 | 0 | 0 | 56615 | 0 | 149500 | 0 | 67883 | 0 | 746090 | 0 | 0 | 0 |
| DAVID WHEATON | |||||||||||||
| 212331 | 0 | 0 | 0 | 1897 | 0 | 22359 | 0 | 16187 | 0 | 252774 | 0 | 0 | 0 |
| THOMAS BONNER | |||||||||||||
| 222553 | 0 | 0 | 0 | 2480 | 0 | 23399 | 0 | 16943 | 0 | 265375 | 0 | 0 | 0 |
| KATHLEEN MURRAY | |||||||||||||
| 220603 | 0 | 0 | 0 | 988 | 0 | 21839 | 0 | 11753 | 0 | 255183 | 0 | 0 | 0 |
| MANSCO PERRY III | |||||||||||||
| 295217 | 0 | 0 | 0 | 1314 | 0 | 0 | 0 | 16943 | 0 | 313474 | 0 | 0 | 0 |
| LORNE ROBINSON | |||||||||||||
| 164312 | 0 | 0 | 0 | 590 | 0 | 16431 | 0 | 624 | 0 | 181957 | 0 | 0 | 0 |
| DAVID LANEGRAN | |||||||||||||
| 152947 | 0 | 0 | 0 | 2299 | 0 | 14243 | 0 | 11465 | 0 | 180954 | 0 | 0 | 0 |
| DANIEL HORNBACH | |||||||||||||
| 151699 | 0 | 0 | 0 | 497 | 0 | 14218 | 0 | 11477 | 0 | 177891 | 0 | 0 | 0 |
| LAURIE HAMRE | |||||||||||||
| 145702 | 0 | 0 | 0 | 502 | 0 | 14663 | 0 | 6583 | 0 | 167450 | 0 | 0 | 0 |
| AHMED SAMATAR | |||||||||||||
| 163858 | 0 | 0 | 0 | 870 | 0 | 15959 | 0 | 6630 | 0 | 187317 | 0 | 0 | 0 |
| DIANE MICHELFELDER | |||||||||||||
| 143007 | 0 | 0 | 0 | 487 | 0 | 14417 | 0 | 6642 | 0 | 164553 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART I, LINE 1A | TRAVEL FOR COMPANIONS: THE COLLEGE ONLY PAYS FOR COMPANION TRAVEL IF THE PURPOSE OF THE COMPANION'S TRIP IS RELATED TO COLLEGE BUSINESS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE COLLEGE'S PRESIDENT IS PROVIDED WITH A HOUSE AS A CONDITION OF EMPLOYMENT. THE HOUSE IS USED FOR BOTH BUSINESS AND PERSONAL PURPOSES. HOUSEKEEPING SERVICES FOR THE HOUSE ARE ALSO PROVIDED. PERSONAL SERVICES: THE COLLEGE PAYS FOR THE PRESIDENT'S TAX PREPARATION AND ESTATE PLANNING. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: ELIGIBLE COLLEGE EMPLOYEES RECEIVE AN ANNUAL RETIREMENT PLAN CONTRIBUTION FROM THE COLLEGE EQUAL TO 10% OF ELIGIBLE SALARY, SUBJECT TO IRS ANNUAL LIMITATIONS. BECAUSE THE PRESIDENT'S COMPENSATION TRIGGERS THE LIMITATION EFFECT, THE COLLEGE SUPPLEMENTS THE PRESIDENT'S ANNUAL CASH COMPENSATION WITH AN AMOUNT THAT BRINGS THE RETIREMENT PLAN CONTRIBUTION TO THE LEVEL OF OTHER PARTICIPANTS IN THE PLAN. THE COLLEGE OFFSETS THE INCOME TAX BURDEN OF THIS ADDITIONAL COMPENSATION BY GROSSING UP THE WAGES FOR THE YEAR. THIS ADDITIONAL COMPENSATION IS REPORTED ON THE EMPLOYEE'S W-2. THE COLLEGE SUPPLEMENTS THE LIFE INSURANCE OFFERED THROUGH ITS BENEFIT PLANS WITH AN ADDITIONAL POLICY FOR THE PRESIDENT OF THE COLLEGE. THE PRESIDENT PAYS THE ANNUAL PREMIUM FOR THE POLICY AND IS REIMBURSED BY THE COLLEGE. UNDER IRS RULES, SUCH PAYMENT MUST BE REPORTED AS TAXABLE COMPENSATION TO THE EMPLOYEE. THE COLLEGE OFFSETS THE INCOME TAX BURDEN OF THIS COMPENSATION BY GROSSING UP THE WAGES FOR THE YEAR. THIS ADDITIONAL COMPENSATION IS REPORTED ON THE EMPLOYEE'S W-2. IT IS THE COLLEGE'S PRACTICE TO OFFSET THE INCOME TAX BURDEN OF CERTAIN DOMESTIC PARTNER BENEFITS BY GROSSING UP THE AFFECTED EMPLOYEES' WAGES. MANY EMPLOYEES BENEFIT FROM THIS PRACTICE, BUT ONLY THE PROVOST IS AMONG THE "LISTED PERSONS" NOTED IN FORM 990, PART VII, SECTION A. ANY ADDITIONAL COMPENSATION RELATED TO THIS PRACTICE IS REPORTED AS TAXABLE INCOME ON THE W-2'S FOR ALL AFFECTED EMPLOYEES. | |
| PART III | PART I, LINE 4B: THE COLLEGE'S PRESIDENT IS THE SOLE PARTICIPANT IN A NONQUALIFIED RETIREMENT PLAN. THE COLLEGE PLACED $125,000 IN THE PLAN DURING THE FISCAL YEAR COVERED BY THIS REPORT. CERTAIN TIME-IN-SERVICE AND PERFORMANCE REQUIREMENTS MUST BE MET FOR THE PRESIDENT TO RECEIVE THE PLAN'S ASSETS. | SUPPLEMENTAL INFORMATION |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| MN HIGHER EDUCATION FACILITIES AUTHORITY | |||||||
| 410988525 | 6041518J2 | 2003-02-20 | 15300000 | DORMITORY IMPROVEMENTS | 0 | 0 | 0 |
| MN HIGHER EDUCATION FACILITIES AUTHORITY | |||||||
| 410988525 | 60416HED2 | 2004-12-08 | 15955017 | REFINANCE BONDS | 0 | 0 | 0 |
| MN HIGHER EDUCATION FACILITIES AUTHORITY | |||||||
| 410988525 | 2005-07-22 | 3059975 | ADMIN/COMPUTER SYSTEM | 0 | 0 | 0 | |
| MN HIGHER EDUCATION FACILITIES AUTHORITY | |||||||
| 410988525 | 60416HJJ4 | 2007-03-07 | 39470869 | CONST/REFINANCE BONDS | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|
| 15300000 | 300000 | 15000000 | 2004 | 0 | 0 | 1 | 1 |
| 15955017 | 217947 | 2004 | 1 | 1 | 1 | 1 | |
| 3059975 | 59975 | 3000000 | 2006 | 0 | 0 | 1 | 1 |
| 39470869 | 421182 | 22000000 | 2008 | 1 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | |||||||||||
| 0 | 1 | 0 | 0 | 0 | 1 | ||||||
| (no name) | |||||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| (no name) | |||||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| RBC | |||||||||||
| 0 | 0 | 1 | 1 | 0 | 1 | 0.080000000000 | 0 | 1 | FSA CAPITAL MGMT | 1.080000000000 | 1 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MN HIGHER EDUCATION FACILITIES AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 410988525 | IssuerEIN |
| CUSIP Number | 60416HVY7 | CUSIPNumber |
| Date Issued | 2010-12-17 | DateIssued |
| Issue Price | 16248711 | IssuePrice |
| Description Of Purpose | BLDG RENOVATION | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 16248711 | TotalProceeds |
| Capitalized Interest | 328433 | CapitalizedInterest |
| Issuance Costs From Proceeds | 180234 | IssuanceCostsFromProceeds |
| Capital Expenditures | 15740044 | CapitalExpenditures |
| Year Of Subst Completion | 2012 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 15 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 796384 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
Securities Closely Held Stock SecuritiesCloselyHeldStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 600160 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | THE COLLEGE USES LICENSED BROKERS TO SELL AND PROCESS STOCK CONTRIBUTIONS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | INFORMATION FOR THE FORM 990 IS COMPILED BY COLLEGE PERSONNEL AND SUBMITTED TO THE COLLEGE'S AUDIT FIRM, WHO PREPARES A DRAFT OF THE FORM. THIS DRAFT IS REVIEWED BY THE COLLEGE'S VP FOR ADMINISTRATION AND FINANCE, ASSISTANT VP FOR FINANCE, AND DIRECTOR OF ACCOUNTING . ONCE A FINAL DRAFT OF THE FORM IS READY, EACH MEMBER OF THE BOARD OF TRUSTEES IS E-MAILED A COPY FOR REVIEW (WITH SCHEDULE B INFORMATION REDACTED.) ALL BOARD MEMBERS ARE INSTRUCTED TO REVIEW THE FORM AND PROVIDE FEEDBACK PRIOR TO THE FILING DEADLINE. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE SENT A CONFLICT OF INTEREST PACKET THAT INCLUDES A COPY OF THE CONFLICT OF INTEREST POLICY AND A QUESTIONNAIRE. COMPLETED QUESTIONNAIRES ARE RETURNED TO THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE, WHERE THEY ARE REVIEWED FOR INTERESTS THAT COULD GIVE RISE TO CONFLICTS. IF A CONFLICT EXISTS AT ANY TIME DURING THE YEAR, THE AFFECTED BOARD MEMBER(S) MUST ABSTAIN FROM ANY DELIBERATIONS AND VOTING ON THE TOPIC TO WHICH THE CONFLICT APPLIES. | |
| FORM 990, PART VI, SECTION B, LINE 15A | EACH YEAR, THE DIRECTOR OF EMPLOYMENT SERVICES COMPILES DATA TO SUPPORT THE WORK OF THE BOARD OF TRUSTEES' SENIOR LEADERSHIP REVIEW COMMITTEE REGARDING THE COMPENSATION OF THE PRESIDENT. THE DATA IS COMPILED USING RELEVANT INDEPENDENT AND PEER GROUP SALARY SURVEYS AND IS SHARED WITH ALL MEMBERS OF THE COMMITTEE. THE COMMITTEE IS ALSO MADE AWARE OF THE PLANNED INCREASES FOR ADMINISTRATIVE STAFF AS DETERMINED THROUGH THE ANNUAL BUDGET APPROVAL PROCESS. THE COMMITTEE'S FINAL DECISION REGARDING THE PRESIDENT'S COMPENSATION IS COMMUNICATED IN WRITING FOR PROCESSING AND FILING. THE COMMITTEE ALSO RECEIVES INFORMATION REGARDING THE COMPENSATION OF THE COLLEGE'S SENIOR LEADERSHIP POSITIONS ALONG WITH RELEVANT PEER GROUP COMPARATIVE DATA. FINAL DECISIONS REGARDING THE SALARIES OF THOSE INDIVIDUALS ARE THE RESPONSIBILITY OF THE PRESIDENT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COLLEGE'S FINANCIAL STATEMENTS ARE ACCESSIBLE BY THE PUBLIC VIA THE COLLEGE'S WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -43,317,092. CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -696,282. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -2,312,853. CHANGE IN VALUE OF INTEREST RATE SWAP -156,766. TRANSFERS OF ASSETS TO OUTSIDE ENTITY -1,164,466. TOTAL TO FORM 990, PART XI, LINE 5: -47,647,459. | CHANGES IN NET ASSETS OR FUND BALANCES: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Type Of EntityTypeOfEntity |
|---|---|---|
| CHARITABLE REMAINDER TRUSTS (19) | ||
| INVESTMENTS | MN | T |
| CHARITABLE REMAINDER TRUSTS (1) | ||
| INVESTMENTS | CA | T |
| CHARITABLE REMAINDER TRUSTS (1) | ||
| INVESTMENTS | MA | T |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER TRUSTS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | Q | TransactionType |
| Amount Involved | -200000 | AmountInvolved |
| Method Of Amt Determination | CASH | MethodOfAmtDetermination |
Comments