2026-03-17T12:03:42-05:00 2025-05-31 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-06-01 410693962 MACALESTER COLLEGE MACA 6516966000 1600 GRAND AVENUE ST PAUL MN 55105 PATRICIA LANGER VP FOR ADMIN & FINANCE 6516966000 2026-04-15 1 0 SARAH HINTZ P00492291 7196350330 2026-03-06 2024 2025-03-06 01:10:19Z SUZANNE M RIVERA 1600 GRAND AVENUE ST PAUL MN 55105 1140291596 0 X WWW.MACALESTER.EDU X 1874 MN MACALESTER IS A FOUR-YEAR HIGHLY-SELECTIVE LIBERAL ARTS COLLEGE. 28 27 2823 1800 -213748 0 18552870 23591959 152785364 160957977 50743310 141693588 2633815 2208303 224715359 328451827 75480546 77702345 0 0 86757778 89892039 0 0 6725215 54213199 58515977 216451523 226110361 8263836 102341466 1183342955 1204649550 95007620 93109010 1088335335 1111540540 X MACALESTER IS COMMITTED TO BEING A PREEMINENT LIBERAL ARTS COLLEGE WITH AN EDUCATIONAL PROGRAM KNOWN FOR ITS HIGH STANDARDS FOR SCHOLARSHIP AND ITS SPECIAL EMPHASIS ON INTERNATIONALISM, MULTICULTURALISM, AND SERVICE TO SOCIETY. 0 0 150096355 77573692 125857146 INSTRUCTION OF STUDENTS AND ACADEMIC SUPPORT OF INSTRUCTION: STUDENTS FROM ACROSS THE UNITED STATES AND 107 COUNTRIES EXPERIENCE AN ACADEMIC PROGRAM THAT PREPARES THEM FOR WORLD CITIZENSHIP. THE STUDENT FACULTY RATIO IS 10:1, WITH AN AVERAGE CLASS SIZE OF 16. STUDENTS CAN CHOOSE FROM 41 MAJORS AND 42 MINORS. MACALESTER IS COMMITTED TO ADMITTING AN ECONOMICALLY DIVERSE STUDENT BODY AND MEETS THE FULL FINANCIAL NEED OF EVERY STUDENT. ENROLLMENT FOR FALL 2025 WAS 2,068, AND 524 STUDENTS GRADUATED DURING THE 2024-25 FISCAL YEAR. 28843099 24185198 STUDENT SERVICES: THE CO-CURRICULAR STUDENT EXPERIENCE IS CRITICAL TO EVERY STUDENT. 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 EXPLORATION DEPARTMENT HELPS STUDENTS GAIN VALUABLE WORK EXPERIENCE AND PLAN THEIR CAREERS AFTER 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 21 MEN'S AND WOMEN'S SPORTS TEAMS. 12317746 0 10328541 RESIDENCE AND DINING HALLS: MACALESTER IS A RESIDENTIAL CAMPUS, LOCATED ON 53 ACRES IN THE CENTER OF A MAJOR METROPOLITAN AREA. TWO-THIRDS OF STUDENTS LIVE ON CAMPUS. MACALESTER HAS 10 RESIDENCE HALLS AND A VARIETY OF LIVING LEARNING COMMUNITIES, INCLUDING 8 LANGUAGE HOUSES, CULTURAL HOUSE, THE LAYOVER: A STUDY AWAY COMMUNITY, PERSPECTIVES IN LEADERSHIP, ECO HOUSE, AND VEGGIE CO-OP. THE DINING HALL IS LOCATED IN THE CAMPUS CENTER TO FOSTER A VIBRANT LIVING-LEARNING COMMUNITY. LOCALLY-SOURCED ORGANIC FOODS ARE MAXIMIZED IN DINING OPERATIONS. FOOD SCRAPS ARE SENT TO A LOCAL FARM. SUSTAINABILITY IS AN IMPORTANT PRIORITY; IN RESIDENCE HALLS AND DINING HALLS, STUDENTS ARE ENCOURAGED TO REDUCE ENERGY USE. 2521329 128653 2017479 OTHER SERVICES - RESEARCH, PUBLIC SERVICES, POST OFFICE, ETC. 2521329 128653 2017479 193778529 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 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 1 1 0 0 1 3281 0 1 2823 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN CA X PATRICIA M LANGER 6516966000 1600 GRAND AVE SAINT PAUL MN 55105 SUZANNE M RIVERA PRESIDENT 40.00 X X 603731 0 250531 CARRIE NORBIN KILLORAN CHAIR 1.00 X X 0 0 0 ROBIN JACKSON COLMAN VICE CHAIR 1.00 X X 0 0 0 GREGORY A THOMPSON VICE CHAIR 1.00 X X 0 0 0 GLORIA PEREZ SECRETARY 1.00 X X 0 0 0 AMY PAHL TREASURER 1.00 X X 0 0 0 KOFI AMOO-GOTTFRIED TRUSTEE 1.00 X 0 0 0 S DECKER ANSTROM TRUSTEE 1.00 X 0 0 0 JENNIFER BRAHM TRUSTEE 1.00 X 0 0 0 KAREN J BRASEL TRUSTEE 1.00 X 0 0 0 MIHIR DESAI TRUSTEE 1.00 X 0 0 0 EDWARD G DEUTSCHLANDER TRUSTEE 1.00 X 0 0 0 THOMAS DOHRMANN TRUSTEE 1.00 X 0 0 0 EDWARD DONKOR TRUSTEE 1.00 X 0 0 0 MATTHEW K ENTENZA TRUSTEE 1.00 X 0 0 0 BRODERICK C GRUBB TRUSTEE 1.00 X 0 0 0 MELONI MIDORI HALLOCK TRUSTEE 1.00 X 0 0 0 PATRICIA E HUME TRUSTEE 1.00 X 0 0 0 AUKSE JURKUTE TRUSTEE 1.00 X 0 0 0 ANDREW KAUFTEIL TRUSTEE 1.00 X 0 0 0 SETH J LEVINE TRUSTEE 1.00 X 0 0 0 SONNY LULLA TRUSTEE 1.00 X 0 0 0 DANA MORTENSON TRUSTEE 1.00 X 0 0 0 TYLER ROBINSON TRUSTEE 1.00 X 0 0 0 ELONA STREET-STEWART TRUSTEE 1.00 X 0 0 0 PAUL J STRAND TRUSTEE 1.00 X 0 0 0 MISSY STAPLES THOMPSON TRUSTEE 1.00 X 0 0 0 ZIA YUSUF TRUSTEE 1.00 X 0 0 0 PATRICIA LANGER VP OF ADMIN AND FINANCE 40.00 X 253086 0 40116 GARY MARTIN END 83024 CHIEF INVESTMENT OFFICER 40.00 X 519637 0 48930 LISA ANDERSON-LEVY EXECUTIVE VP AND PROVOST 40.00 X 260661 0 26653 JOANNA CURTIS VP FOR ADVANCEMENT 40.00 X 259196 0 53931 JEFF ALLEN VP FOR ADMISS & FIN. AID 40.00 X 221278 0 48190 ALINA WONG VP FOR INSTIUTIONAL EQUITY 40.00 X 212669 0 32401 JENNIFER HAAS VP FOR IT SERVICES AND CIO 40.00 X 202441 0 58426 THOMAS HALVERSON DEAN OF THE FACULTY 40.00 X 190926 0 51141 PAUL OVERVOORDE VICE PROVOST & ASSOCIATE DEAN OF THE FACULTY 40.00 X 187522 0 48997 KATHRYN KAY COQUEMONT VP FOR STUDENT AFFAIRS & DEANS OF STUDENTS 40.00 X 171710 0 86623 DERRICK GRIFFIN DIR OF ALT INVESTMENTS (END 8/30/24) 40.00 X 269275 0 42956 JEFF DOHERTY END 83024 DIRECTOR, INVESTMENT ANALYSIS 40.00 X 202095 0 34598 THOMAS VARBERG PROFESSOR 40.00 X 188067 0 41538 CARLEY STUBER AVP OF DEVELOPMENT 40.00 X 180831 0 58635 DUCHESS HARRIS PROFESSOR 40.00 X 179161 0 14093 4102286 0 937759 178 0 1 0 BON APPETIT MANAGEMENT COMPANY 201 REDWOOD SHORES PARKWAY REDWOOD SHORES CA 94065 FOOD SERVICE 6381206 MCGOUGH CONSTRUCTION PO BOX 1450 MINNEAPOLIS MN 55485 CONSTRUCTION SERVICES 5549033 HAMMEL GREEN AND ABRAHAMSON PO BOX 86 MINNEAPOLIS MN 55486 ARCHITECTURE & ENGINEERING SERVICES 2722339 INVESTURE LLC 240 W MAIN STREET SUITE 500 CHARLOTTESVILLE VA 22902 INVESTMENT FEES 1757973 IES 33 W MONROE ST STE 2300 CHICAGO IL 60603 STUDY ABROAD PROGRAMS 971074 71 2221964 21369995 799602 23591959 TUITION & FEES 611710 140346439 140346439 SALES & SERVICE OF AUX 611710 20611538 20611538 160957977 16399135 -213748 16612883 2141788 1460551 681237 681237 681237 935673671 810379218 125294453 125294453 125294453 MISCELLANEOUS REVENUE 900099 1527066 1430387 96679 1527066 328451827 162388364 -213748 142685252 128653 128653 77573692 77573692 3555427 1582284 1478559 494584 65813214 53704667 8576278 3532269 4639678 3698474 711297 229907 11828804 9402899 1982018 443887 4054916 3210284 643265 201367 843619 470172 362631 10816 167294 603 166691 2163974 2163974 12307850 9375862 2337086 594902 335614 206150 119690 9774 6323504 4628972 1005032 689500 3647900 413524 3152825 81551 4439795 4182456 246331 11008 3035377 2521053 227070 287254 440640 314475 110677 15488 2239638 2228478 11160 10783360 9843076 940284 114211 110075 4136 STUDY ABROAD 5580853 5579079 624 1150 BOOKS, PERIODICALS, ART 1606787 1575650 14385 16752 MINOR EQUIPMENT 1180084 726164 439582 14338 3305477 2411862 807083 86532 226110361 193778529 25606617 6725215 11091446 41707621 3977467 7143444 1317284 1155363 1865521 1849117 411370021 200032227 209175603 211337794 362618733 148643709 544348629 744513690 7954903 7842687 40993369 40456125 1183342955 1204649550 14453310 14925680 937347 679465 1926577 2465563 65106505 62767799 299023 401128 12284858 11869375 95007620 93109010 X 222458839 225902468 865876496 885638072 1088335335 1111540540 1183342955 1204649550 X 102341466 -80578079 1441818 X X 0 1 X 1 1 1 X 15180951 22699162 19465430 18552870 23591959 99490372 15180951 22699162 19465430 18552870 23591959 99490372 7167638 92322734 16389802 4732794 14329958 20919986 18754671 75127211 538982 1336218 1438707 1781855 1527066 6622828 181240411 734616690 0.50940 0.49990 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 538,982. 2021 AMOUNT: $ 1,336,218. 2022 AMOUNT: $ 1,438,707. 2023 AMOUNT: $ 1,781,855. 2024 AMOUNT: $ 1,527,066. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 127905 0 127905 0 219257241 0 219385146 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 102749 109939 109671 127905 450264 250000 250000 250000 250000 1000000 1500000 PART I-A, LINE 1 MACALESTER COLLEGE IS A MEMBER OF THE MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. MACALESTER PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $138,771 DURING THE FISCAL YEAR. BASED ON FIGURES PROVIDED BY MPCC, $127,905 OF MACALESTER'S DUES WENT, IN PART, TOWARD LOBBYING. 0 1 X 848525871 5392683 55559502 29642925 10587945 3386720 865860466 803282116 4328419 88409806 28688642 16121196 2684632 848525871 833933066 5849898 5827665 28192080 11509875 2626558 803282116 835859602 8476734 30207174 27823942 9908117 2878385 833933066 662808250 9707515 203205017 27625121 9521937 2714122 835859602 0.08560 0.36440 0.55000 0 0 4362100 4362100 366675479 183436494 183238985 18192152 16595733 1596419 22140290 22140290 211337794 LP INTEREST IN DOM EQ 68525688 F LP INTEREST IN PRIVATE EQ 180212339 F LP INT IN HEDGE FUNDS 44111589 F LP INT IN NAT. RES. 48328002 F LIQUID ALT. INV. 353375411 F LP INT IN REAL EST. 49960661 F 744513690 LIAB UNDER PLANNED GIVING AGMTS 6994581 UNAMORTIZED BOND PREMIUM 4874794 11869375 X 169815705 -80578079 -74671323 -155249402 325065107 2525358 861362 3386720 328451827 146610500 1460551 1460551 145149949 2525358 78435054 80960412 226110361 PART IV, LINE 2B: MACALESTER COLLEGE HELD FUNDS FOR AGENCIES RELATED TO THE COLLEGE'S EXEMPT PURPOSE. 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. PART X, LINE 2: 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 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS 1,398,455. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 422,002. CHANGE IN VALUE OF INTEREST RATE SWAP -378,639. RENTAL EXPENSE 1,460,551. SCHOLARSHIPS -77,573,692. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT OFFICE EXPENSES 861,362. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 1,460,551. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 77,573,692. INVESTMENT OFFICE EXPENSES 861,362. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MACALESTER COLLEGE PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE HOMEPAGE OF THEIR WEBSITE, IN ITS COLLEGE CATALOG, AND ON ITS APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 MACALESTER COLLEGE RECIEVES TITLE IV FUNDING FROM THE UNITED STATES DEPARTMENT OF EDUCATION (I.E. PELL, SEOG, FEDERAL WORK STUDY, AND DIRECT LOAN PROGRAM). 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 94132861 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 25143183 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 3874907 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 416217 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 717250 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 280118 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 135519 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 103856 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 146839 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 56026 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 37902 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 15792 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES ARCHEOLOGY TRIP TO ISRAEL 16686 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 9475 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES CLASSICS TRIP TO ROME 55282 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES INTERNATIONAL GRANT WORK 5000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES INTERNATIONAL GRANT WORK 14000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES INTERNATIONAL GRANT WORK 2000 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES INTERNATIONAL GRANT WORK 1100 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES INTERNATIONAL GRANT WORK 1000 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES INTERNATIONAL GRANT WORK 10000 0 0 0 0 0 0 124803911 371102 125175013 1 0 1 1 1 0 PART I, LINE 2: 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 MACALESTER GROVELAND COMMUNITY COUNCIL 320 GRIGGS STREET SAINT PAUL MN 55105 411414691 501(C)(3) 35250 0 NA NA SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD. UNIVERSITY OF WISCONSIN-RIVER FALLS 410 S 3RD ST RIVER FALLS WI 54022 391805963 STATE OF WISCONSIN 50203 0 NA NA RESEARCH SUBGRANT MACRO CONSORTIUM 1600 GRAND AVE SAINT PAUL MN 55105 N/A 28200 0 NA NA MAINTAIN AND PROVIDE ACCESS TO ROBOTIC TELESCOPE FOR EDUCATION AND RESEARCH AUGSBURG UNIVERSITY 2211 RIVERSIDE AVENUE MINNEAPOLIS MN 554541350 410694721 501(C)(3) 15000 0 NA NA RESEARCH SUBGRANT 3 1 SCHOLARSHIP AND GRANTS TO STUDENTS 1904 77573692 0 NA NA 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 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. THE COLLEGE ALSO MAKES SUBAWARDS FROM GRANT FUNDS TO ORGANIZATIONS THAT AID IN THE RESEARCH BEING CONDUCTED. SUBRECIPIENTS MUST SUBMIT DETAILED REPORTS OF EXPENDITURES BEFORE MACALESTER WILL REIMBURSE THEM. X X X X 1 1 X X X 1 1 0 0 0 0 0 0 0 SUZANNE M RIVERA PRESIDENT 578109 0 0 0 25622 0 134500 0 116031 0 854262 0 0 0 GARY MARTIN END 83024 CHIEF INVESTMENT OFFICER 267236 0 62000 0 190401 0 31270 0 17660 0 568567 0 0 0 JOANNA CURTIS VP FOR ADVANCEMENT 249563 0 0 0 9633 0 25798 0 28133 0 313127 0 0 0 DERRICK GRIFFIN DIR OF ALT INVESTMENTS (END 8/30/24) 162720 0 0 0 106555 0 19140 0 23816 0 312231 0 0 0 PATRICIA LANGER VP OF ADMIN AND FINANCE 251563 0 0 0 1523 0 25714 0 14402 0 293202 0 0 0 LISA ANDERSON-LEVY EXECUTIVE VP AND PROVOST 259277 0 0 0 1384 0 25928 0 725 0 287314 0 0 0 JEFF ALLEN VP FOR ADMISS & FIN. AID 220353 0 0 0 925 0 23035 0 25155 0 269468 0 0 0 JENNIFER HAAS VP FOR IT SERVICES AND CIO 201387 0 0 0 1054 0 21434 0 36992 0 260867 0 0 0 KATHRYN KAY COQUEMONT VP FOR STUDENT AFFAIRS & DEANS OF ST 171094 0 0 0 616 0 18789 0 67834 0 258333 0 0 0 ALINA WONG VP FOR INSTIUTIONAL EQUITY 212073 0 0 0 596 0 21443 0 10958 0 245070 0 0 0 THOMAS HALVERSON DEAN OF THE FACULTY 189399 0 0 0 1527 0 18523 0 32618 0 242067 0 0 0 CARLEY STUBER AVP OF DEVELOPMENT 180281 0 0 0 550 0 19470 0 39165 0 239466 0 0 0 JEFF DOHERTY END 83024 DIRECTOR, INVESTMENT ANALYSIS 110862 0 0 0 91233 0 13602 0 20996 0 236693 0 0 0 PAUL OVERVOORDE VICE PROVOST & ASSOCIATE DEAN OF THE 186648 0 0 0 874 0 18977 0 30020 0 236519 0 0 0 THOMAS VARBERG PROFESSOR 183896 0 0 0 4171 0 15947 0 25591 0 229605 0 0 0 DUCHESS HARRIS PROFESSOR 178713 0 0 0 448 0 13636 0 457 0 193254 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE COLLEGE ONLY PAYS THE TRAVEL EXPENSES OF THE PRESIDENT'S SPOUSE IF THE PURPOSE OF THEIR TRIP IS RELATED TO COLLEGE BUSINESS. THIS ADDITIONAL COMPENSATION IS NOT REPORTED ON THE EMPLOYEE'S W-2. 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 LIMITS. BECAUSE THE RETIREMENT CONTRIBUTION FOR THE PRESIDENT HITS THE IRS LIMIT, THE COLLEGE SUPPLEMENTS THE PRESIDENT'S ANNUAL 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. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE COLLEGE'S PRESIDENT AND THE COLLEGE'S VICE PRESIDENT FOR STUDENT AFFAIRS ARE PROVIDED WITH HOUSES AS CONDITIONS OF EMPLOYMENT. THE HOUSES ARE USED FOR BOTH BUSINESS AND PERSONAL PURPOSES. HOUSEKEEPING SERVICES ARE ALSO PROVIDED. THIS ADDITIONAL COMPENSATION IS NOT REPORTED ON THE EMPLOYEE'S W-2. PART I, LINES 4A-B GARY MARTIN RECEIVED A SEVERANCE PAYMENT OF $148,134. DERRICK GRIFFIN RECEIVED A SEVERANCE PAYMENT OF $87,947. JEFF DOHERTY RECEIVED A SEVERANCE PAYMENT OF $74,496. THE COLLEGE'S PRESIDENT IS THE SOLE PARTICIPANT IN TWO NONQUALIFIED RETIREMENT PLANS. THE COLLEGE PLACED $100,000 IN A 457(F) DURING THE YEAR COVERED BY THIS REPORT. CERTAIN TIME-IN-SERVICE AND PERFORMANCE REQUIREMENTS MUST BE MET FOR THE PRESIDENT TO RECEIVE THIS PLAN'S ASSETS. THE COLLEGE PLACED $23,000 IN A 457(B) DURING THE YEAR. THIS PLAN HAS NO TIME-IN-SERVICE OR PERFORMANCE REQUIREMENTS TO RECEIVE THE PLAN'S ASSETS. A MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HP99 2015-09-11 24876534 CONST/REFINANCE BONDS 0 0 0 B MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416H5R1 2017-11-08 43520305 CONST/REFINANCE BONDS 0 0 0 C MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416JDW7 2021-04-01 12870000 CONST/REFINANCE BONDS 0 0 0 D MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 6041518J2 2003-02-20 15300000 CONST/REFINANCE BONDS 0 0 0 A 15536534 24876534 224105 5000000 2018 1 0 1 1 B 16945305 43520305 189449 22014833 2019 1 0 1 1 C 1670000 14929199 206975 2040000 2023 1 0 0 1 D 15300000 300000 15000000 2004 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 0 0 0 0 1 B 0 0 1 1 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 1 1 1 RBC 0.080000000000 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2020 ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/01/2022 ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2007 X 39 799602 MARKET VALUE 1 0 1 0 PART I, COLUMN (B): THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS ON SCHEDULE M, PART I, COLUMN B. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD SHALL CONSIST OF THE OFFICERS OF THE CORPORATION, THE CHAIR OF EACH OF THE PERMANENT COMMITTEES OF THE BOARD, AND SUCH OTHER MEMBERS OF THE BOARD OF TRUSTEES AS THE BOARD MAY DETERMINE. A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS, BUT A LESSER NUMBER SHALL HAVE THE POWER TO ADJOURN ANY MEETING TO A SUBSEQUENT DATE. ALL MEMBERS OF THE BOARD OF TRUSTEES SHALL RECEIVE NOTICE OF AND MAY ATTEND ALL EXECUTIVE COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION FOR THE FORM 990 IS COMPILED BY COLLEGE PERSONNEL AND SUBMITTED TO THE COLLEGE ACCOUNTING FIRM, WHO PREPARES A DRAFT OF THE FORM. THIS DRAFT IS REVIEWED BY THE COLLEGE'S VP OF ADMINISTRATION AND FINANCE, ASSOCIATE 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 BY A SPECIFIED 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 OF 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. THESE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 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 ARE COMPILED USING RELEVANT INDEPENDENT AND PEER GROUP SALARY SURVEYS AND ARE 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 RECOMMENDATION REGARDING THE PRESIDENT'S COMPENSATION IS APPROVED BY THE FULL BOARD AND 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 9: CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS 1,398,455. CHANGE IN VALUE OF INTEREST RATE SWAP -378,639. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 422,002. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. HOLL TR A-MACALESTER COLLEGE 1600 GRAND AVENUE ST PAUL MN 55105 416459793 PERPETUAL TRUST MN 501(C)(3) LINE 12D, III-O MACALESTER COLLEGE 1 CHARITABLE REMAINDER TRUSTS (17) INVESTMENTS MN MACALESTER COLLEGE T 1 CHARITABLE REMAINDER TRUSTS (1) INVESTMENTS MA MACALESTER COLLEGE T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 HOLL TR A-MACALESTER COLLEGE S 1567169 CASH TRANSFERRED