2012-11-13T15:58:28-06:00 2012-06-30 420714325 MCGLADREY LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2011-07-01 420686467 COE COLLEGE COEC 3193998643 BUSINESS OFFICE 1220 1ST AVE NE CEDAR RAPIDS IA 52402 RICHARD E RHEINSCHMIDT 3193998643 2012-11-12 1 KAY HEGARTY P00091057 3192985333 2011 2016-02-24 21:20:13Z JAMES R PHIFER 1220 FIRST AVE NE CEDAR RAPIDS IA 52402 88989379 0 X WWW.COE.EDU X 1881 IA COE COLLEGE IS A PRIVATE, FOUR-YEAR CO-EDUCATIONAL LIBERAL ARTS COLLEGE 40 37 1462 202 0 0 5817795 12712765 46365926 49461844 6157171 3491233 -1466 -2277 58339426 65663565 21188240 23055697 0 0 19202555 20226297 0 0 1358430 15114715 15405503 55505510 58687497 2833916 6976068 152035827 167709497 34796040 41750768 117239787 125958729 SEE SCHEDULE O 0 0 43701024 23055697 41785333 EDUCATIONAL-COEDUCATIONAL INSTITUTE OFFERING A 4 YR COURSE IN THE ARTS & SCIENCES, SUMMER, GRADUATE STUDY, MASTERS OF ARTS IN TEACHING PROGRAMS ARE MAINTAINED IN ADDITION TO THE REGULAR SCHOOL YEAR. THERE ARE 1,312 FALL TERM AND 1,241 SPRING TERM FULL TIME STUDENTS AND 133 PART TIME STUDENTS. 4618842 7676511 AUXILIARY ENTERPRISES-INCLUDING RESIDENCE HALLS & COLLEGE RENTAL HOUSING, FOOD SERVICES, STUDENT UNION & SUMMER CONFERENCES. 5135615 PROGRAM SERVICES-EXPENDITURES FOR OPERATION AND MAINTENANCE OF FACILITIES 53455481 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 1 230 0 1 1462 1 0 1 CJ 0 0 0 0 0 0 0 0 X 40 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X RICHARD E RHEINSCHMIDT 3193998643 COE COLLEGE-1220 1ST AVE NE CEDAR RAPIDS IA 52402 JAMES R PHIFER 40.00 X X 240204 0 39296 TERRY ABERNATHY 1.00 X 0 0 0 DARYL BANKS 1.00 X 0 0 0 PETER BIRKEY 1.00 X 0 0 0 STEVEN L CAVES 1.00 X 0 0 0 ROBERT CHIUSANO 1.00 X 0 0 0 TOM ELLIS 1.00 X 0 0 0 DAVID GEHRING 1.00 X X 0 0 0 JOHN GIROTTO 1.00 X X 0 0 0 KENT GOLDER 1.00 X X 0 0 0 TONY GOLOBIC 1.00 X 0 0 0 KEITH HALL 1.00 X 0 0 0 GENE HENDERSON 1.00 X X 0 0 0 KENT HERINK 1.00 X 0 0 0 SHIRLEY HUGHES 1.00 X 0 0 0 DOUG HYDE 1.00 X 0 0 0 BILL JOHNSON 1.00 X 0 0 0 STEVEN KLINE 1.00 X 0 0 0 MARY JEANNE KROB 1.00 X 0 0 0 JOAN M LIPSKY 1.00 X 0 0 0 VINCENT MARTIN 1.00 X 0 0 0 JULIE MCLEAN 1.00 X 0 0 0 CURT MENEFEE 1.00 X 0 0 0 PAUL MEYER 1.00 X X 0 0 0 LIZA OVROM 1.00 X 0 0 0 CHUCK PETERS 1.00 X 0 0 0 KENT PILCHER 1.00 X 0 0 0 SIGI REYNOLDS 1.00 X 0 0 0 DONALD RIBBLE 1.00 X 0 0 0 BRETT RULE 1.00 X 0 0 0 WILLIAM R SHUTTLEWORTH 1.00 X 0 0 0 STAN SMITH 1.00 X 0 0 0 GARY SOJKA 1.00 X 0 0 0 BRUCE SPIVEY 1.00 X 0 0 0 JOHN STROHM 1.00 X 0 0 0 LORI STURDEVANT 1.00 X 0 0 0 STEVE VAN EVERY 1.00 X 0 0 0 CARSON VEACH 1.00 X 0 0 0 J DAVID CARSON 1.00 X 0 0 0 JOHN ECKSTEIN 1.00 X 0 0 0 RICHARD MEISTERLING 40.00 X 164443 0 18442 LOUIS STARK 40.00 X 131631 0 24772 MICHAEL WHITE 40.00 X 161857 0 27824 RICHARD RHEINSCHMIDT 40.00 X 145113 0 18235 MARIE BAEHR TIMKO 40.00 X 134498 0 25781 FRANCIS MARY MISKIMEN 40.00 X 56716 0 10582 STEVEN FELLER 40.00 X 130519 0 22959 MARIO AFFATIGATO 40.00 X 114930 0 12971 WENDY DUNN 40.00 X 113060 0 25777 1392971 0 226639 9 0 1 0 WEITZ COMPANY LLC 1065 SIERRA CT NE CEDAR RAPIDS IA 52402 CONSTRUCTION 6903601 SODEXO INC 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2181497 OLMSTEAD CONSTRUCTION INC 651 58TH AVE CT CEDAR RAPIDS IA 52404 CONSTRUCTION 827316 ADVANCE BUILDERS CORP 707 27TH AVE SW CEDAR RAPIDS IA 52404 CONSTRUCTION 511887 BWBR ARCHITECTS 380 SAINT PETER ST STE 600 ST PAUL MN 55102 ARCHITECT 481977 7 9500 4393005 8310260 1787589 12712765 STUDENT TUITION/FEES 611600 41375998 41375998 AUXILIARY ENTERPRISES 611600 7676511 7676511 MISC FEES & CHARGE 611710 409335 409335 49461844 3622903 3622903 23172232 23303902 -131670 -131670 -131670 19635 9500 21912 -2277 -2277 65663565 49461844 0 3488956 23055697 23055697 1065615 592897 472718 15312505 13821758 1312744 178003 3848177 3120364 491088 236725 50670 50670 121505 3000 118505 45691 45691 411737 218756 130038 62943 998400 658783 188308 151309 229737 410458 -207211 26490 2615362 2477736 137626 689831 524962 57686 107183 888767 888767 2506279 2506279 CONTRACTED SERVICES 2394681 2260808 133873 INSTRUCTIONAL EXPENSE 2073739 1991923 81816 EQUIP, RENTAL & MAINT 666230 415086 246211 4933 RECRUITING 382588 382588 1330286 718516 575460 36310 58687497 53455481 3873586 1358430 22322730 5953302 2084451 2680120 497460 506496 750000 750000 453482 672218 84785431 27808596 49068179 56976835 46668453 63838950 11412333 14492568 7610905 7360659 11167834 14478349 152035827 167709497 3797217 6483658 183506 178044 19196788 21214037 975000 2750000 10643529 11125029 34796040 41750768 X 32144895 35720060 6216171 6585540 78878721 83653129 117239787 125958729 152035827 167709497 X 6976068 1742874 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14116983 X X X X X EDUCATIONAL 0 78484551 4908284 2734108 1333107 -512560 85306396 75721149 590165 6618173 1346092 3098844 78484551 70206609 1168959 9495167 1313966 3835620 75721149 77956009 1458007 -1927639 1501083 5778685 70206609 0.00000 0.94470 0.05530 1 0 12084915 12084915 50882251 19082367 31799884 2061056 1458784 602272 10393906 7267445 3126461 9363303 9363303 56976835 CASH VALUE OF LIFE INSURANCE 636318 F TRUST AGREEMENTS 8743938 F ALTERNATIVE INVESTMENTS 3414910 F REAL EST, LAND & MNRL RIGHTS 1697402 F 14492568 ACCRUED INTEREST RECEIVABLE 361366 ARTWORK 14116983 14478349 DUE TO US GOVT-PERKINS LOAN 5578472 ANNUITY PAYABLE 1410440 DEPOSITS HELD ON BEHALF OTHERS 264511 LIABILITY TO LIFE INCOME BENEFICIARIES 543600 ACCRUED PENSION COST 1838219 ACCRUED LOSS ON INTEREST RATE SWAPS 1489787 11125029 65663565 58687497 6976068 -580786 2323660 1742874 8718942 41981391 -626477 -626477 42607868 23055697 23055697 65663565 35586109 0 35586109 23101388 23101388 58687497 PART III, LINE 4: THE COMMITTEE ON THE PERMANENT COLLECTION OF ART SHALL DETERMINE IF THE PROPOSED GIFT OF ARTWORK IS SUITABLE FOR ACCEPTANCE BY CONSIDERING WHETHER THE FOLLOWING CONDITIONS HAVE BEEN MET: THE ARTWORK FURTHERS THE MISSION OF COE COLLEGE. THE ARTWORK IS COMPATIBLE WITH OR COMPLEMENTARY TO THE CURRENT ART COLLECTION. THE DONOR HAS VALID OWNERSHIP OF THE ARTWORK, AND IS FREE TO CONVEY THE WORK. THERE ARE NO UNTENABLE RESTRICTIONS, RESERVATIONS OR LIMITATIONS PLACED ON THE ARTWORK OR ITS DISPLAY. THE COSTS FOR RESTORATION, MAINTENANCE AND INSURANCE ARE REASONABLE AND APPROPRIATE. THE COMMITTEE ON THE PERMANENT COLLECTION OF ART PROVIDES THE PRESIDENT WITH A RECOMMENDATION FOR ACCEPTANCE OR REFUSAL. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COE COLLEGE ENDOWMENT FUND HAS BEEN ESTABLISHED BY THE BOARD OF TRUSTEES AS AN INVESTMENT PORTFOLIO FOR THE ASSETS CONTRIBUTED BY DONORS FOR THE CONTINUING SUPPORT OF THE COLLEGE AND OTHER DONOR DESIGNATED PURPOSES. THE DEVELOPMENT AND EXPANSION OF THIS FUND IS AN IMPORTANT PART OF THE COLLEGE'S OBJECTIVES FOR MAINTAINING QUALITY IN FACULTY, STUDENTS AND FACILITIES. THE FUND IS COMPRISED OF PERMANENT, TERM AND QUASI ENDOWMENT ASSETS. ALL ENDOWMENT INCOME SUPPORTS THE COLLEGE OPERATIONS AND PROVIDES SCHOLARSHIPS FOR STUDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE COLLEGE FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2012 AND 2011, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABLITY. FORMS 990 AND 990-T FILED BY THE COLLEGE ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2008 AND PRIOR. PART XI, LINE 8 - OTHER ADJUSTMENTS: ADJUSTMENT FOR FACULTY RETIREMENT PLAN 63,647. CHANGE IN FMV - INTEREST RATE SWAP -600,265. CHANGE IN ANNUITY & LIFE AGREEMENTS -424,722. CHANGE IN ACCOUNTING PRINCIPLE, ARTWORK HELD 3,285,000. TOTAL TO SCHEDULE D, PART XI, LINE 8: 2,323,660. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES RECLASSIFIED AS AN EXPENSE -45,691. UNREALIZED LOSS ON INVESTMENTS -580,786. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE AWARDED FINANCIAL AID 23,055,697. PART XIII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE AWARDED FINANCIAL AID 23,055,697. INVESTMENT EXPENSES RECLASSIFIED FROM REVENUE 45,691. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED THROUGH THE NEWSPAPER IN EMPLOYMENT ADVERTISEMENT AND IN THE COLLEGE HANDBOOK. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 COE COLLEGE RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE STUDY ABROAD 38819 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE STUDY ABROAD 254309 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE STUDY ABROAD 40729 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICE STUDY ABROAD 44300 0 0 0 0 0 0 378157 0 378157 0 0 0 0 0 0 ATHLETIC GOLF OUTING 29135 9500 19635 650 19945 1317 29135 9500 19635 650 19945 1317 21912 -2277 1 ENDOWED PRIZES 66 31421 N/A N/A GIFT PRIZES 19 4330 N/A N/A GIFT SCHOLARSHIPS 68 1230903 N/A N/A ENDOWED SCHOLARSHIPS 302 1851683 N/A N/A GENERAL SCHOLARSHIPS 1311 19150000 N/A N/A TUITION DISCOUNTS 30 787360 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: COE COLLEGE RECEIVES VARIOUS FEDERAL GRANTS FROM NSF, DEPT OF EDUCATION AND OTHER AGENCIES OR BRANCHES OF THE US GOVERNMENT. SEPARATE ACCOUNTS ARE USED FOR EACH GRANT TO MONITOR RECEIPTS AND DISBURSEMENTS. THE COLLEGE FOLLOWS APPROPRIATE ACCOUNTING AND INTERNAL CONTROL PROCEDURES. ALL REQUIRED FINANCIAL REPORTING TO THE GRANT PROVIDER ARE COMPLETED TIMELY AND AUDITS BY AN INDEPENDENT CPA FIRM ARE DONE WHEN REQUIRED. THE COLLEGE ANNUALLY FILES AN A-133. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 JAMES R PHIFER 227121 0 0 0 13083 0 16100 0 23196 0 279500 0 0 0 RICHARD MEISTERLING 154616 0 0 0 9827 0 10913 0 7529 0 182885 0 0 0 LOUIS STARK 120067 0 0 0 11564 0 8834 0 15938 0 156403 0 0 0 MICHAEL WHITE 153392 0 0 0 8465 0 11216 0 16608 0 189681 0 0 0 RICHARD RHEINSCHMIDT 136803 0 0 0 8310 0 9736 0 8499 0 163348 0 0 0 MARIE BAEHR TIMKO 134034 0 0 0 464 0 9812 0 15969 0 160279 0 0 0 STEVEN FELLER 99403 0 0 0 31116 0 7373 0 15586 0 153478 0 0 0 PART I, LINE 1A EMPLOYMENT AGREEMENT STATES COE COLLEGE REQUIRES THAT ITS PRESIDENT LIVE IN A PRESIDENT'S HOUSE OR MANOR OWNED BY THE COLLEGE BECAUSE OF ITS REQUIREMENT THAT THE PRESIDENT CONDUCT SIGNIFICANT BUSINESS ACTIVITIES AND COLLEGE RELATED ENTERTAINMENT ON COLLEGE PROPERTY. THE RESIDENCE LOCATED AT 370 34TH STREET SE, CEDAR RAPIDS,IOWA, WHICH IS OWNED BY THE COLLEGE, IS DESIGNATED THE OFFICIAL COLLEGE MANOR. COUNTRY CLUB DUES ARE INCLUDED IN TAXABLE INCOME ON W-2S. PART I, LINE 4B THE PRESIDENT'S DEFERRED COMPENSATION PLAN IS A 457(F) PLAN. CITY OF ROBINS IOWA 420887558 2009-07-22 2513333 SEE PART VI 0 0 0 CITY OF ROBINS IOWA 420887558 2009-07-22 5819543 SEE PART VI 0 0 0 CITY OF HIAWATHA IOWA 426025060 2007-06-08 4500000 CONSTRUCTION/RENOVATION 0 0 0 CITY OF ROBINS IOWA 420887558 2009-07-22 6100000 SEE PART VI 0 0 0 2513333 41461 2471872 2002 0 0 1 1 5861846 59192 1953507 3849147 2005 1 0 1 1 4500000 34326 4465674 2008 0 0 1 1 6106078 23929 1582149 4500000 2010 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 1 1 0 0.11400 0.00000 0.11400 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 X SCHEDULE K, PART I, COLUMN F, LINE A, ENTITY 1 REISSUANCE OF 2002 BONDS (4/8/2002) WHICH WERE USED FOR CONSTRUCTION/RENOVATION SCHEDULE K, PART I, COLUMN F, LINE B, ENTITY 1 REISSUANCE OF 2004 BONDS (6/29/2004) WHICH WERE USED TO REFUND PRIOR ISSUE (6/6/2000) AND FOR CONSTRUCTION/RENOVATION SCHEDULE K, PART I, COLUMN F, LINE D, ENTITY 1 REFUND PRIOR ISSUE (7/15/1998), CONSTRUCTION/RENOVATION SCHEDULE K, PART II, LINE 3, ENTITY 1 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART 1, COLUMN(E) DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART II, LINE 3, ENTITY 2 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART 1, COLUMN(E) AS THIS DEBT WAS ISSUED ON A DRAW-DOWN BASIS AND THE TOTAL PRINCIPAL AVAILABLE HAS NOT YET BEEN DRAWN. CITY OF ROBINS IOWA 420887558 2011-08-05 4800000 CONSTRUCTION/RENOVATION 0 0 0 2081145 24124 1350001 707020 0 0 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 US BANK NA 10.000000000000 0 0 0 0 0 JOHN STROHM ENDOW INVESTMENT X 750000 750000 0 1 1 750000 STEVE CAVES TRUSTEE 910015 STEVE IS AN EMPLOYEE OF US BANK WHICH PROVIDES SERVICES TO COE COLLEGE. 0 JAMES PHIFER PRESIDENT 10096 JIM'S WIFE, LINNIE WAS EMPLOYED BY COE COLLEGE. 0 JOHN STROHM TRUSTEE 0 JOHN STROHM AND COE COLLEGE HAVE GREATER THAN 10% OWNERSHIP INTERESTS IN FRTL-US2010, LLLP, FRTL-US2011,LLLP, AND FRTL-US2012, LLLP. 0 X 31 1787589 FMV 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): COE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 JOHN STROHM - TRUSTEE, DAVID CARSON - TRUSTEE, KEN GOLDER - TRUSTEE AND RICHARD MEISTERLING - OFFICER & KEY EMPLOYEE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE COLLEGE'S BUDGET AND AUDIT SUBCOMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS A THOROUGH REVIEW OF ALL FORM 990'S FILED BY THE COLLEGE PRIOR TO BEING FILED WITH THE IRS. THE SUBCOMMITTEE RECEIVES THE RETURNS FROM THE PAID PREPARER, MCGLADREY LLP THE SUBCOMMITTEE AND A REPRESENTATIVE FROM MCGLADREY REVIEW THE RETURNS TOGETHER. THE BOARD OF TRUSTEES ARE ADVISED OF THE REVIEW BY THE BUDGET AND AUDIT SUBCOMMITTEE THAT THE RETURNS ARE AVAILABLE FOR FURTHER REVIEW BY ANY BOARD MEMBER AND THAT THE RETURNS WILL BE FILED BY THE DUE DATES. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE REQUIRES ALL TRUSTEES, OFFICERS OR KEY EMPLOYEES AND SUBSTANTIAL CONTRIBUTORS TO ANNUALLY COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRE CONCERNING TRANSACTIONS WITH COE COLLEGE. THE CONTROLLER FOR THE COLLEGE RECEIVES COMPLETED QUESTIONNAIRES AND REVIEWS AND SUBMITS COMMENTS AND FINDINGS TO THE PRESIDENT OF THE COLLEGE AND THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE CHAIRMAN OF THE BOARD THEN REVIEWS AND INFORMS THE FULL BOARD OF ANY ISSUES OR ACTIONS REQUIRED INCLUDING MONITORING WITH AN OVERSIGHT COMMITTEE IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT, SENIOR OFFICERS AND KEY EMPLOYEES IS REVIEWED BY A BOARD OF TRUSTEES AD HOC COMMITTEE. THE COMMITTEE CONSIDERS EACH EMPLOYEE ON THEIR MERITS, LENGTH OF SERVICE AND JOB RESPONSIBILITIES. THE EMPLOYEE'S COMPENSATION IS THEN COMPARED TO SIMILAR POSITIONS AT OTHER COLLEGES USING SURVEYS AND BENCHMARKS FROM THE ACM (ASSOCIATED COLLEGES OF THE MIDWEST) AND IPCUA (IOWA PRIVATE COLLEGES AND UNIVERSITIES ASSOCIATION). THE COMMITTEE THEN REPORTS TO THE BOARD OF TRUSTEES THEIR DUE DILIGENCE THAT WAS PERFORMED AND DOCUMENTS THE REVIEW. THE DOCUMENTATION REGARDING THE COMPENSATION REVIEW IS RETURNED TO THE COLLEGE'S LEGAL COUNSEL FOR SAFEKEEPING. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT ARE NOT MADE AVAILABLE TO THE PUBLIC. THE COLLEGE DOES FILE VARIOUS REQUIRED REPORTS SUCH AS THE A-133 AND AUDITED FINANCIAL STATEMENTS WITH VARIOUS GOVERNMENTAL AGENCIES AND AUTHORITIES WHICH MAY THEN BECOME PUBLIC RECORD. THE IRS FORM 990 FILED BY COE COLLEGE IS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -580,786. ADJUSTMENT FOR FACULTY RETIREMENT PLAN 63,647. CHANGE IN FMV - INTEREST RATE SWAP -600,265. CHANGE IN ANNUITY & LIFE AGREEMENTS -424,722. CHANGE IN ACCOUNTING PRINCIPLE, ARTWORK HELD 3,285,000. TOTAL TO FORM 990, PART XI, LINE 5: 1,742,874. ORGANIZATION'S MISSION FORM 990, PAGE 2, PART III IT IS THE MISSION OF COE COLLEGE TO PROVIDE STUDENTS AN EDUCATION OF SUPERIOR QUALITY THAT AIMS AT PREPARING THEM FOR LIFE FOLLOWING GRADUATION. OUR REASON TO EXIST AS AN INSTITUTION IS TO READY STUDENTS INTELLECTUALLY, PROFESSIONALLY, AND SOCIALLY TO LEAD PRODUCTIVE AND SATISFYING LIVES IN THE GLOBAL SOCIETY OF THE 21ST CENTURY. AS SUCH, OUR SUCCESS AS A COLLEGE IS MEASURED ACCORDING TO THE SUCCESS OF OUR GRADUATES. WE BELIEVE THAT A LIBERAL ARTS EDUCATION IS THE BEST PREPARATION FOR LIFE. WE BELIEVE THAT SUCH AN EDUCATION ALLOWS STUDENTS TO DISCOVER WHAT THEIR REAL TALENTS AND INTERESTS ARE, AND THAT IT DEVELOPS IN THEM THE SKILLS, ABILITIES, AND HABITS OF MIND THAT WILL MAKE POSSIBLE A SUCCESSFUL CAREER IN ANY FIELD OF ENDEAVOR, INCLUDING ONES THAT DO NOT YET EXIST. INDEED, WE BELIEVE THAT WHAT DEFINES A LIBERAL ARTS EDUCATION IS ITS FOCUS ON CULTIVATING IN STUDENTS CERTAIN FUNDAMENTAL ABILITIES: THE ABILITY TO THINK LOGICALLY AND ANALYTICALLY; THE ABILITY TO COMMUNICATE CLEARLY, BOTH IN WRITING AND SPEAKING; THE ABILITY TO USE EFFECTIVELY COMPUTER TECHNOLOGY; THE ABILITY TO WORK PRODUCTIVELY AS A MEMBER OF A GROUP SEEKING TO ACHIEVE A COMMON OBJECTIVE; THE ABILITY TO MAKE INFORMED JUDGMENTS, WHETHER IN THE REALM OF ETHICAL BEHAVIOR OF IN THAT OF AESTHETIC APPRECIATION; THE ABILITY TO FOSTER AND SUSTAIN AN ATTITUDE OF INTELLECTUAL CURIOSITY AND CREATIVITY; AND THE ABILITY TO RECOGNIZE AND HONOR TRUE EXCELLENCE WHEN FOUND IN ANY FORM OR CONTEXT. FURTHERMORE,WE BELIEVE THAT IT IS IMPORTANT FOR A LIBERAL ARTS EDUCATION TO CULTIVATE IN STUDENTS A DESIRE TO UNDERSTAND, A CAPACITY FOR TOLERANCE, AND AN ABILITY TO APPRECIATE THE ETHNIC AND CULTURAL DIVERSITY THAT MAKE UP HUMAN KIND. IT IS THE MISSION OF THE COLLEGE TO DEVELOP IN STUDENTS THESE ABILITIES AND ATTITUDES, AND IN SO DOING TO PROVIDE THEM AN EDUCATION THAT DIRECTS THEM TOWARD A MEANINGFUL AND SUCCESSFUL LIFE. COE'S ACADEMIC PROGRAM REFLECTS A COMMITMENT TO DEVELOPING THESE ABILITIES BY ITS INSISTENCE THAT STUDENTS ACQUIRE CERTAIN EDUCATIONAL EXPERIENCES. WE REQUIRE THAT STUDENTS COMPLETE BOTH OUR GENERAL EDUCATION REQUIREMENTS, WHICH ENSURE BREADTH OF LEARNING, AND OUR REQUIREMENTS FOR A MAJOR; WHICH GUARANTEE DEPTH OF KNOWLEDGE IN A PARTICULAR FIELD. IN ADDITION, AS PART OF EACH STUDENT'S EDUCATION, A SERIES OF INTENSIVE WRITING EXPERIENCES, SPREAD ACROSS THE FOUR YEARS OF STUDY, IS REQUIRED. BEYOND THESE REQUIREMENTS, STUDENTS ARE ENCOURAGED TO BEGIN PLANNING FOR THEIR LIVES AFTER COLLEGE EARLY ON IN THEIR UNDERGRADUATE CAREERS, AND, THROUGH CAREFUL ADVISING, THEY ARE GIVEN GUIDANCE AND DIRECTION IN THIS ENDEAVOR. INDEED, THE DEFINING FEATURE OF A COE EDUCATION IS THE REQUIREMENT THAT EVERY STUDENT PLAN AND PARTICIPATE IN ONE OF THE FOLLOWING: A SIGNIFICANT EXPERIENTIAL PROJECT, SUCH AS AN INTERNSHIP; A MAJOR SCHOLARLY UNDERTAKING; OR STUDY ABROAD. THESE EXPERIENCES WILL OFTEN, THOUGH NOT INVARIABLY, OCCUR DURING THE JUNIOR YEAR. THE HALLMARK OF A COE EDUCATION IS OUR ATTENTION TO EACH STUDENT AS AN INDIVIDUAL. IT IS ALSO IMPORTANT THAT THE COLLEGE ENVIRONMENT AT COE REFLECTS OUR COMMITMENT TO A DIVERSE STUDENT BODY AND OVERALL COLLEGE COMMUNITY. WE BELIEVE THAT THROUGH LISTENING CAREFULLY TO EACH STUDENT AS HIS OR HER INTERESTS AND UNIQUE TALENTS ARE FORMED, AND THROUGH TAILORING AN ACADEMIC PROGRAM TO SUIT EACH STUDENT'S FUTURE, WE HELP THAT STUDENT DEVELOP ABILITIES THAT PROVIDE THE BEST PREPARATION FOR LIFE. NUMBER OF EMPLOYEES FORM 990, PAGE 1, PART 1, LINE 5 AND PAGE 5, PART V, LINE 2A THE 1,462 IS THE NUMBER OF W-2 REPORTED. THIS REPRESENTS 953 STUDENTS ON WORK STUDY FINANCIAL AID PROGRAM AND 509 EMPLOYEES OF COE COLLEGE. LOANS TO AND/OR FROM INTERESTED PERSONS SCHEDULE L, PART II COE COLLEGE'S ENDOWMENT INVESTED $750,000 IN A LOAN TO FARRELL-ROEH PROPERTIES, LLP OWNED 50% BY EACH OF JOHN STROHM AND MARY PAT LINK (WIFE) WHICH IS SECURED BY 99% INTEREST IN FRP IN FR BRUNSWICK, LLC WHICH OWNS A GROCERY-ANCHORED SHOPPING CENTER IN BRUNSWICK, GEORGIA. LOAN BEARS INTEREST AT 8% PER ANNUM (9.5% IF HELD TO MATURITY). THE NOTE IS A DEMAND NOTE WITH MATURITY DATE DEFINED BY CERTAIN EVENTS. SALARY EXPLANATION FORM 990, PART VII, FRANCIS MARY MISKIMEN COMPENSATION LISTED IS FOR POSITION AS EMPLOYEE OF COE COLLEGE NOT FOR POSITION AS ASSISTANT SECRETARY OF BOARD. SHE IS A 40 HOUR PER WEEK EMPLOYEE OF THE COLLEGE. K RAYMOND CLARK CHARITABLE TRUST 1220 FIRST AVE NE CEDAR RAPIDS IA 52402 396787527 SUPPORTING TRUST IA 501(C)(3) 11A COE COLLEGE 1 K RAYMOND CLARK ATHLETIC FACILTIES TRUST 1220 FIRST AVE NE CEDAR RAPIDS IA 52402 396787027 SUPPORTING TRUST IA 501(C)(3) 11A COE COLLEGE 1 K RAYMOND CLARK ALUMNI CENTER TRUST 1220 FIRST AVE NE CEDAR RAPIDS IA 52402 396787028 SUPPORTING TRUST IA 501(C)(3) 11A COE COLLEGE 1 K RAYMOND CLARK RACQUET CENTER TRUST 1220 FIRST AVE NE CEDAR RAPIDS IA 52402 396787026 SUPPORTING TRUST IA 501(C)(3) 11A COE COLLEGE 1 MCELROY - COE LOAN FUND 1220 FIRST AVE NE CEDAR RAPIDS IA 52402 421256056 SUPPORTING ORGANIZATION IA 501(C)(3) 11A N/A 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 K RAYMOND CLARK ALUMNI CENTER TRUST C 12696 ACTUAL K RAYMOND CLARK ALUMNI CENTER TRUST P 58540 ACTUAL K RAYMOND CLARK ATHLETIC FACILITIES C 162632 ACTUAL K RAYMOND CLARK RACQUET CENTER TRUST C 102503 ACTUAL K RAYMOND CLARK RACQUET CENTER TRUST P 253014 ACTUAL MCELROY - COE LOAN FUND R 438801 ACTUAL