2012-03-02T11:51:36-07:00 2011-06-30 990 2010-07-01 930386908 REED INSTITUTE REED 5037777505 3203 SE Woodstock Blvd Portland OR 972028199 Edwin McFarlane 5037777240 2012-03-02 2010 2016-02-24 21:20:13Z REED COLLEGE Edwin O McFarlane 3203 SE Woodstock Blvd Portland OR 97202 235252113 0 X www.reed.edu X 1908 OR Provide education in the liberal arts and sciences 30 29 2168 1457 0 0 34753882 14075344 64850531 68211169 3398872 6950767 2190374 1775470 105193659 91012750 19289265 20607143 0 0 44004881 41034919 0 0 3603820 28443560 31699771 91737706 93341833 13455953 -2329083 522223088 591751699 98439281 115480729 423783807 476270970 Provide education in the liberal arts and sciences 0 0 719628 719628 0 The institute had 14 research grants funded with federal funds for basic research support. Departments funded are Biology, Chemistry, Sociology, and Psychology. 83876988 0 68211169 1363 FTE students. 336 degrees conferred 10/11. Students living in dorms and using dining facilities. 0 0 0 84596616 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 1 1779 0 1 2168 1 1 1 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X X Edwin O McFarlane 5037777506 Vice President/Treasurer 3203 SE Woodstock Blvd Portland OR 972028199 Konrad S Alt '81 1 X 0 0 0 John D Bergholz '83 1 X 0 0 0 Matthew P Bergman '84 1 X 0 0 0 Timothy Boyle 1 X 0 0 0 M Jane Buchan 1 X 0 0 0 Martha A Darling '66 1 X 0 0 0 Suzan K DelBene '83 1 X 0 0 0 Donald Engelman '62 1 X 0 0 0 Jody Hoffer Gittel '84 1 X 0 0 0 Steven B Falk '83 1 X 0 0 0 David M Gossett '91 1 X 0 0 0 Daniel B Greenberg '62 1 X 0 0 0 Dennis Henner 1 X 0 0 0 Linda G Howard '70 1 X 0 0 0 George James '77 1 X 0 0 0 Jeffrey L Kenner 1 X 0 0 0 E Randolph Labbe 1 X 0 0 0 Anna Hayes Levin 1 X 0 0 0 Jan R Liss '74 1 X 0 0 0 Alex J Martinez '73 1 X 0 0 0 Linda H Matthews '67 1 X 0 0 0 Michael R Mercy M D '87 1 X 0 0 0 Sandra E Mintz 1 X 0 0 0 Peter Norton '65 1 X 0 0 0 Margaret Hill Noto '75 1 X 0 0 0 Marshall W Pagon '78 1 X 0 0 0 Roger M Perlmutter '73 1 X 0 0 0 John P Sheehy '82 1 X 0 0 0 Alice Larkin Steiner '74 1 X 0 0 0 Peter C Stockman '77 1 X 0 0 0 Harriett Taggart 1 X 0 0 0 Brett E Wilcox 1 X 0 0 0 Richard H Wollenberg '75 1 X 0 0 0 Colin S Diver 40 X X 432592 0 0 Edwin O McFarlane 40 X 232024 0 0 Hugh Porter 40 X 227026 0 0 Michael Brody 40 X 161669 0 0 Ellen K Stauder 40 X 162107 0 0 Peter J Steinberger 40 X 215690 0 0 Martin Ringle 40 X 182033 0 0 Jan E Kurtz 40 X 135382 0 0 Victoria Hanawalt 40 X 140634 0 0 Lisa M Steinman 40 X 136650 0 0 2025807 0 0 51 0 1 0 Reimers & Jolivette Construction 2344 NW 24th Ave Portland OR 972102132 Construction 2911425 Dynalectric 5805 SW Hood Ave Portland OR 97239 Electric 206309 Cliffwater LLC Marina Towers Marina del Rey CA 90292 Investment Mgmt 350000 Print Results Inc 2603 NE 39th Ave Portland OR 972122926 Printing 283958 Zimmer Gunsul Frasca Architects LLP 1223 SW Washington St Ste 200 Portland OR 97205 Architecture 277997 9 0 0 0 0 1536926 12538418 653633 14075344 Tuition and fees 611710 55497789 55497789 0 0 Auxiliary-Dorm fees 611710 5982241 5982241 0 0 Auxiliary-Cafeteria fees 611710 5164516 5164516 0 0 Auxiliary Bookstore fees 611710 1566623 1566623 0 0 0 0 0 0 68211169 -1093462 0 0 -1093462 0 0 0 0 0 0 0 0 0 0 98232010 54051582 90650719 53588644 7581291 462938 8044229 8044229 0 0 0 1775470 1775470 0 0 1775470 91012750 78030868 0 -1093462 20607143 20607143 2178860 771024 1102244 305592 30341181 26763347 1654005 1923829 2859294 2522093 155898 181303 3470170 3060991 189151 220028 2185414 1927686 119155 138573 170893 87343 79807 3743 180542 92275 84313 3954 0 281679 278790 2760 129 10666436 10142512 320284 203640 7371651 6922911 314204 134536 298503 152565 139401 6537 1895521 1774207 113542 7772 2424245 1729096 286487 408662 19866 19866 2105462 1989890 108168 7404 4173177 3906094 249973 17110 465873 326426 133201 6246 Dues and memberships 137202 69947 35015 32240 Cost of sales 1078146 1078146 0 0 Taxes and licenses 81822 81822 0 0 348753 292442 53789 2522 93341833 84596616 5141397 3603820 4785813 2589545 2654717 9860937 18224065 19406056 251268 218246 0 0 5817410 5845519 0 2882624 3315090 174544547 65646913 107308289 108897634 91254189 79761000 288477243 343577797 567470 18279875 522223088 591751699 4690943 5339359 0 0 1130667 980452 65172403 84813204 0 0 0 0 372746 302002 0 0 27072522 24045712 98439281 115480729 X 236594980 272521003 54995420 70288050 132193407 133461917 423783807 476270970 522223088 591751699 X -2329083 54816246 X 1 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 365593559 3425302 62757798 6143512 16265381 3358811 406008955 312831008 30295533 49555065 5902283 16632572 4553152 365593599 427180913 5594978 -91913408 6107523 19140640 2783312 312831008 0.67 0.33 0 0 0 3108779 8551255 11660034 0 151327428 54723495 96603933 0 0 0 0 0 11557085 10923418 633667 0 0 0 0 108897634 343077797 F 500000 C 343577797 Postretirement benefits payable 15799567 Refundable loan programs 2920745 Asset retirement obligation 2956981 Swap derivative 2368419 24045712 91012750 93341833 -2329083 52145531 0 0 0 5004633 57150164 54821081 124548836 52145532 0 0 1501725 53647257 70901579 0 20111171 20111171 91012750 69727755 0 0 0 0 0 69727755 0 23614078 23614078 93341833 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The college's endowment funds are used for scholarships, chairs, academic support, library support, student services, and general operating support. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Pledges and Annuity & Life income SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Scholarships and Annuity & Life Income SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Scholarships SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Scholarships and Annuity & Life Income 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Newspaper announcement is done once a year. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Financial assistance is from SEOG, Perkins, and Title 4 financial aid, including ACG, SMART, SEOG, and Perkins loans. 1 Reed Grants 663 19781404 0 SEOG 291 209939 0 ACG 89 78450 0 Oregon State Grants 22 38597 0 Other State Grants 11 10631 0 SMART 15 54000 0 Other Outside Awards 92 434122 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 A budget based on the grant proposal is entered into the accounting system. Purchases are monitored and approved by the controller and assistant controller. Wages paid are supported by time and effort reports. The grants coordinator reviews grant expenditure reports monthly. Quarterly financial reports are submitted for federal grants. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Colin S Diver 392592 0 0 0 40000 0 0 0 54868 0 487460 0 486507 0 Edwin O McFarlane 232024 0 0 0 0 0 0 0 29871 0 261895 0 250842 0 Hugh Porter 227026 0 0 0 0 0 0 0 34093 0 261119 0 250725 0 Peter J Steinberger 215690 0 0 0 0 0 0 0 30904 0 246594 0 243728 0 Martin Ringle 148033 0 0 0 34000 0 0 0 24821 0 206854 0 208640 0 Ellen K Stauder 162107 0 0 0 0 0 0 0 26921 0 189028 0 100655 0 Michael Brody 161669 0 0 0 0 0 0 0 26872 0 188541 0 132229 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a $40,000 is included in the President's compensation. Oregon Facilities Authority Revenue Bonds 2008 Series A 936001787 68608JJE2 2008-04-23 47060000 See Part V 0 0 0 Oregon Facilities Authority Revenue Bonds 2011 Series A 936001787 68608JNAS 2011-03-22 40030000 0 0 0 Health Housing Educational & Cultural Facilities Revenue Bonds Series 2000A 936001737 68608FPTO 2000-05-01 20000000 1 0 0 1460000 0 47060000 0 977670 0 159963 0 0 31364218 0 0 2008 1 0 1 1 0 0 40030000 0 0 0 314707 0 0 871951 0 38843342 1 0 1 1 19575199 0 0 0 0 0 0 0 0 0 0 0 2000 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 UBS 13 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 SchK_P01_S00_L00 Schedule K, Part I A. College has an outstanding interest rate SWAP in the amount of $16,650,000 with UBS on the 2008 bonds. Maturity of SWAP is 7/1/2025. B. 2011 bond expenditures should be completed in 2013. SchK_P01_S00_L00f Schedule K, Part I, Column f Reed College borrowed $14,825,000 from the State of Oregon on May 1, 1991. Effective December 1, 1995, Reed College refinanced all but $1,565,000 of the 1991 State of Oregon notes and borrowed an additional $7,105,000. Effective June 7, 2006 Reed College refinanced the callable portion of the 1995 State of Oregon notes payable in the amount of $16,650,000. The 2006 State of Oregon notes mature July 1, 2025 and bear interest at a variable rate set on a weekly basis by a dutch auction process or at a default rate if the auction is not successful. Reed College borrowed $30,000,000 through the Oregon Facilities Authority of the State of Oregon on August 1, 2007. The purpose of the issuance was to finance the construction of five residence halls, construction of a pedestrian bridge, and certain other renovations, alterations and furnishing and landscaping thereof. These bonds were issued initially as auction rate certificates (ARC's), and were scheduled to mature on July 1, 3038 and bear interest at a variable rate set on a weekly basis by a dutch auction process. These bonds were subsequently refinances by the 2008 State of Oregon notes. Reed College borrowed $20,000,000 from the State of Oregon on May 1, 2000 and was expended on renovations, additions, alterations and improvements to the premises and educational facilities of the college during the year ended June 30, 2002. Effective March 22, 2011, Reed College refinanced the 2000 bonds in the amount of $19,080,000 and borrowed an additional $20,950,000 to finance the construction of a new performing arts building. Margaret Hill Noto Board of Trustees Member 0 Margaret Hill Noto is a partner at Stoel Rives LLP 0 X 1 1 booked at $1 X 1809 market value and other X 59 673706 market value X Microscopes 2 43150 FMV 0 0 1 0 F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a Part XII, Line 2c - Form 990 is reviewed by members of the Audit Committee of the Board of Trustees and was made available to all Trustees. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Reed requires officer and institutional trustees to complete a conflict of interest form annually, and responses are reviewed by the audit committee of the Board. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Chairman of the Board of Trustees appoints a special committee of the Board that annually reviews presidential compensation data from eighteen comparator colleges, along with data provided by the Human Resources Office. The Chairman of the Board also conducts an annual performance evaluation of the President. Any changes in the president's compensation are approved by the Executive Committee. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Governing documents are available upon request. Conflict of interest policy and financial statements are available on the College's Office of the Treasurer website. F990_P11_S00_L05 Form 990, Part XI, Line 5 Pledges and unrealized gains Odyssey Property Holdings Inc 3203 SE Woodstock Blvd Portland OR 97202 200779531 acquiring, developing, holding title to property OR 501(c)(2) The Reed Institute Grayco Resources Inc 3203 SE Woodstock Blvd Portland OR 97202 930603357 Rental Activity OR The Reed Institute S 1 Charitable Remainder Annuity Trust 3203 SE Woodstock Blvd Portland OR 97213 Trust OR T 135957 0.92 Charitable Remainder Annuity Trust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 714218 0.82 Charitable Remainder Annuity Trust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 523611 0.84 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 423665 0.6 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 13163 0.17 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 515920 0.69 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 72555 0.53 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 71323 0.56 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 45081 0.72 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 51895 0.52 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 148665 0.39 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 43537 0.39 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 40925 0.8 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 194414 0.49 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 64892 0.54 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 156173 1 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 190710 0.7 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 68121 0.27 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 221669 0.58 Charitable Remainde Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 250128 0.36 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 143565 0.34 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 238142 0.33 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 332124 0.58 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 176737 0.54 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 430007 0.55 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 79830 1 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR T 24820 0.5 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR S 493766 0.22 Charitable Remainder Unitrust 3203 SE Woodstock Blvd Portland OR 97202 Trust OR N/A T 101815 0.78 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 Grayco Resources Inc q 70000 Rent paid to Grayco.