2013-04-13T11:02:40-05:00 2012-05-31 410746749 CLIFTONLARSONALLEN LLP 818 SECOND ST SO SUITE 320 WAITE PARK MN 56387 990 2011-06-01 410693962 MACALESTER COLLEGE MACA 6516966000 1600 GRAND AVENUE ST PAUL MN 55105 DAVID WHEATON 6516966000 2013-04-10 1 KAREN GRIES P00078514 3202035500 2011 2016-02-25 16:41:14Z DAVID WHEATON 1600 GRAND AVENUE ST PAUL MN 55105 256945420 0 X WWW.MACALESTER.EDU X 1874 MN MACALESTER IS A FOUR-YEAR HIGHLY-SELECTIVE LIBERAL ARTS COLLEGE. 33 32 2665 1500 187957 0 17075969 16470674 91917849 95379735 18793766 35083997 1643353 1544692 129430937 148479098 37895550 39925356 0 0 57187761 58283240 0 0 4997989 37474302 40794887 132557613 139003483 -3126676 9475615 934013579 893913303 112522105 110593673 821491474 783319630 X 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. 0 0 85715992 39854356 69452814 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. 19496933 0 15797716 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. 9356531 7581286 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. 3144544 71000 2547919 OTHER SERVICES - RESEARCH, PUBLIC SERVICES, POST OFFICE, ETC. 3144544 71000 2547919 117714000 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 2339 0 1 2665 1 1 1 1 AU 0 0 0 0 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X DAVID WHEATON 6516966000 1600 GRAND AVENUE ST PAUL MN 55105 PETER AHN 1.00 X 0 0 0 PAUL ANDERSON 1.00 X 0 0 0 ANNE CRANDALL CAMPBELL 1.00 X 0 0 0 MELVIN COLLINS 1.00 X 0 0 0 JERRY CRAWFORD 1.00 X X 0 0 0 RUTH STRICKER DAYTON 1.00 X 0 0 0 DAVID DENO 1.00 X X 0 0 0 R LAWRENCE DESSEM 1.00 X 0 0 0 MAURA DONOVAN 1.00 X 0 0 0 STEVEN EULLER 1.00 X 0 0 0 PETER FENN 1.00 X X 0 0 0 TIMOTHY HART-ANDERSEN 1.00 X X 0 0 0 MICHAEL HUBER 1.00 X 0 0 0 PATRICIA HURLEY 1.00 X X 0 0 0 CARRIE NORBIN KILLORAN 1.00 X X 0 0 0 MICHAEL KLINGENSMITH 1.00 X 0 0 0 JEFFREY LARSON 1.00 X 0 0 0 JOHN LAW 1.00 X X 0 0 0 MARK LEONARD 1.00 X 0 0 0 LEE NYSTROM 1.00 X 0 0 0 PAUL OLSON 1.00 X 0 0 0 SANDRA ORTIZ 1.00 X 0 0 0 SARA PETERSON 1.00 X 0 0 0 JUAN RADA 1.00 X 0 0 0 JAMES REISSNER 1.00 X 0 0 0 SUSAN DUNST SCHWARTZ 1.00 X 0 0 0 MICHAEL SNEED 1.00 X 0 0 0 BRUCE SOLTIS 1.00 X 0 0 0 MARK VANDER PLOEG 1.00 X 0 0 0 PER VON ZELOWITZ 1.00 X 0 0 0 JON WALTON 1.00 X 0 0 0 JO OPDYKE WILHELM 1.00 X 0 0 0 BRIAN ROSENBERG 40.00 X 528707 0 217383 DAVID WHEATON 40.00 X 214228 0 38546 THOMAS BONNER 40.00 X 225033 0 40342 KATHLEEN MURRAY 40.00 X 221591 0 33592 MANSCO PERRY III 40.00 X 296531 0 16943 LORNE ROBINSON 40.00 X 164902 0 17055 DAVID LANEGRAN 40.00 X 155246 0 25708 DANIEL HORNBACH 40.00 X 152196 0 25695 LAURIE HAMRE 40.00 X 146204 0 21246 AHMED SAMATAR 40.00 X 164728 0 22589 DIANE MICHELFELDER 40.00 X 143494 0 21059 2412860 0 480158 72 0 1 0 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 29 2600495 13870179 1396544 16470674 TUITION & FEES 611710 82333067 82333067 SALES & SERVICE OF AUX 611710 13046668 13046668 95379735 15111648 15111648 1057035 927019 130016 130016 -71 130087 126960294 80976 107068921 0 19891373 80976 19972349 19972349 705951 470382 235569 235569 MISCELLANEOUS REVENUE 900099 1179107 991079 188028 1179107 148479098 96606383 187957 35214084 71000 71000 39854356 39854356 1982789 437140 1125815 419834 43861349 35845390 5516261 2499698 3199256 2683075 358342 157839 6259491 5130799 770707 357985 2980355 2394418 404523 181414 105564 8806 96248 510 70093 70093 1636066 1636066 2091877 1261608 768730 61539 94921 59867 10372 24682 5408811 3914151 682857 811803 1637703 290668 1288953 58082 2418723 2115154 275985 27584 2101104 1679282 198190 223632 243276 156233 75653 11390 3217151 3107699 109452 7276010 5989069 1286941 266529 178994 87043 492 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 2365227 1765634 519059 80534 139003483 117714000 16291494 4997989 73216527 76980548 12261843 11097503 510475 594697 5265071 5460851 184752 155786 1664570 1727334 284312970 81825509 180724096 202487461 276240908 235028876 355980628 334775905 27964709 25604342 934013579 893913303 12110282 13857364 4545428 4541653 998283 1140821 82617649 79330415 12250463 11723420 112522105 110593673 X 154653915 154271395 317089739 280767682 349747820 348280553 821491474 783319630 934013579 893913303 X 9475615 -47647459 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 700 0 0 700 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: MACALESTER COLLEGE ENGAGES IN LOBBYING ACTIVITIES RELATED TO FUNDING OF THE MINNESOTA STATE GRANT PROGRAM. 638449674 4229032 -10495862 22528016 9742856 2237000 597674972 572459775 1203062 97223301 22808234 7688303 1939927 638449674 523140564 4137481 77027500 22142081 7857812 1845877 572459775 667232010 6567898 -120521099 12385071 15906791 1846383 523140564 0.07820 0.50770 0.41410 1 0 1613823 1613823 12722476 257988474 73781527 196929423 11988197 8043982 3944215 202487461 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 334775905 DEPOSITS 288900 INTEREST RATE SWAP AGREEMENT 1639377 LIAB UNDER PLANNED GIVING AGMTS 7671644 ASSET RETIREMENT OBLIGATION 784763 UNAMORTIZED BOND PREMIUM 1070736 CAPITAL LEASES 268000 11723420 148479098 139003483 9475615 -43317092 -4330367 -47647459 -38171844 101287058 -43317092 -2238882 -45555974 146843032 1636066 1636066 148479098 138294436 927019 927019 137367417 1636066 1636066 139003483 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. 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 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). 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 0 0 0 0 0 0 3672170 42813400 46485570 1 0 0 1 1 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: 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. 1 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 4 0 SCHOLARSHIPS AND GRANTS TO STUDENTS 1488 36854356 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 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 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. SUPPLEMENTAL INFORMATION 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. 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 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 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RBC 0.080000000000 0 1 1 FSA CAPITAL MGMT 1.080000000000 1 0 1 MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HVY7 2010-12-17 16248711 BLDG RENOVATION 0 0 0 16248711 328433 180234 15740044 2012 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 X 15 796384 MARKET VALUE X 1 600160 MARKET VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE COLLEGE USES LICENSED BROKERS TO SELL AND PROCESS STOCK CONTRIBUTIONS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: 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. CHARITABLE REMAINDER TRUSTS (19) INVESTMENTS MN T CHARITABLE REMAINDER TRUSTS (1) INVESTMENTS CA T CHARITABLE REMAINDER TRUSTS (1) INVESTMENTS MA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 CHARITABLE REMAINDER TRUSTS Q -200000 CASH