2011-01-12T11:59:37-07:00 2010-05-31 990 2009-06-01 420680389 SIMPSON COLLEGE SIMP 5159616251 701 North C St Indianola IA 50125 Ken Birkenholtz 5159616251 2011-01-14 2009 2016-02-24 21:20:13Z John W Byrd 701 North C St Indianola IA 50125 62336518 0 X www.simpson.edu X 1860 IA Simpson College is an independent, selective, church-related, comprehensive liberal arts college dedicated to excellence in higher education. The Simpson College community is equally committed to: Promoting integrative learning that enables students of all ages to develop intellectual and practical skills; Nurturing values which foster personal worth and individuality within a creative, diverse and just community; Graduating students who continue to grow as free, responsible and fulfilled individuals in the world of family, work, service and scholarship; Drawing upon our relationship with the United Methodist Church and our religious traditions that guide us on issues of personal integrity, moral responsibility, social justice and global citizenship. 39 38 1396 0 90755 0 5811202 5794821 45436430 47929461 678283 2358346 1006640 980648 52932555 57063276 17048910 18627692 0 0 20278309 20824814 0 0 1167676 15303360 15071291 52630579 54523797 301976 2539479 115430447 125619485 28137493 30268263 87292954 95351222 Simpson College is an independent, selective, church-related, comprehensive liberal arts college dedicated to excellence in higher education. The Simpson College community is equally committed to: Promoting integrative learning that enables students of all ages to develop intellectual and practical skills; Nurturing values which foster personal worth and individuality within a creative, diverse and just community; Graduating students who continue to grow as free, responsible and fulfilled individuals in the world of family, work, service and scholarship; Drawing upon our relationship with the United Methodist Church and our religious traditions that guide us on issues of personal integrity, moral responsibility, social justice and global citizenship. 0 0 18627692 18627692 0 Scholarship Programs: Scholarships and grants to students. (1,428 students) 15911520 0 0 Higher Education Instruction: Instruction and academic support was provided to full and part-time students. (2,021 students) 8160434 0 0 Student Services Programs: Student services, including student development, academic and career counseling, college chaplain, intercollegiate athletics, financial assistance and other services, was provided to full and part-time students. (2,021 students) 6541408 0 0 Student Services Auxiliary Enterprises: Auxiliary enterprises including housing, food services and conferencing facilities available for student use. (2,021 students) 6541408 0 0 49241054 1 1 0 1 0 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 2734 0 1 1396 1 1 1 1 CJ 0 0 0 1 1 0 0 0 39 38 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X Ken Birkenholtz 5159611512 701 N C Street Indianola IA 50125 Donni M Alley 0.5 X 0 0 0 Douglas J Barakat 0.5 X 0 0 0 Wesley S K Daniel 0.5 X 0 0 0 D Robert Downing 0.5 X 0 0 0 Allison Fleming 0.5 X 0 0 0 Barbara M Gartner 0.5 X 0 0 0 Ben F Gaumer 0.5 X 0 0 0 Thomas C Godlasky 0.5 X 0 0 0 Darrell J Goodhue 0.5 X 0 0 0 Joseph D Hall 0.5 X 0 0 0 Jordan B Hansell 0.5 X X 0 0 0 Phillip E Harlow 0.5 X 0 0 0 Mark L Hill 0.5 X 0 0 0 Kay Hooper 0.5 X 0 0 0 Frederick S Hubbell 1 X X 0 0 0 Gage A Kent 0.5 X 0 0 0 Linda Koehn 0.5 X 0 0 0 Terrance J Lillis 0.5 X 0 0 0 Fred Lorber 0.5 X 0 0 0 Mary Rose Main 0.5 X 0 0 0 Barbara A Miller 0.5 X 0 0 0 Mark C Miller 0.5 X 0 0 0 Owen J Newlin 0.5 X 0 0 0 Lizz S Nichols 0.5 X 0 0 0 James R Oplt 0.5 X 0 0 0 Nile D Ramsbottom 0.5 X 0 0 0 Sunnie Richer 0.5 X 0 0 0 Robert G Riley Jr 0.5 X 0 0 0 Mary Sconiers Chapman 0.5 X 0 0 0 Kimberly C Shadur 0.5 X 0 0 0 Douglas Shull 0.5 X 0 0 0 Deanna Strable-Soethout 0.5 X 0 0 0 Julius C Trimble 0.5 X 0 0 0 Kirk J Tyler 0.5 X 0 0 0 Thomas N Urban 0.5 X 0 0 0 Stephen F Van Buren 0.5 X 0 0 0 Richard M Willis 0.5 X X 0 0 0 P Sumner Worth 0.5 X 0 0 0 John W Byrd 40 X X X 231876 0 98797 Kenneth I Birkenholtz 40 X X 143168 0 16595 Steven J Griffith 40 X 124103 0 17383 Robert J Lane 40 X 139951 0 55526 James D Thorius 40 X 110730 0 14358 Kelley L Bradder 40 X 109321 0 21084 Deb J Tierney 40 X 105690 0 37863 Fred Jones 40 X 100503 0 13958 1065342 0 275564 8 0 1 0 Sodexo Inc Affiliates 4880 Paysphere Circle Chicago IL 60674 Facilities Services 1917734 Sodexo Food Services Facilities services 4880 Paysphere Circle Chicago IL 60674 Food services 1719856 ACME Printing Co Inc 66 Washington Ave Des Moines IA 50314 Printing Services 192461 Printing Station 1420 Locust Des Moines IA 50309 Printing Services 125394 Garner Printing 1697 NE 53rd Ave Des Moines IA 50313 Printing Services 104119 5 0 0 0 0 728546 5066275 122432 5794821 Tuition and fees 611310 40158681 40158681 0 0 Residence halls 721310 4229170 0 0 4229170 Food service 722210 3080693 0 0 3080693 Conference program 721000 335917 335917 0 0 Bookstore 451211 125000 0 0 125000 0 0 0 0 47929461 1480727 0 -2916 1483643 43262 0 0 43262 26564 0 0 26564 212760 0 111860 0 100900 0 100900 0 49131 51769 5995739 0 5161382 0 834357 0 834357 0 0 834357 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Finance charges 611310 97366 97366 0 0 Administrative cost reimbursement 611310 66239 66239 0 0 Parking fees 812930 50305 0 0 50305 639274 594734 44540 0 853184 57063276 41252937 90755 9924763 0 0 18627692 18627692 0 0 0 0 556988 144042 412946 0 0 0 0 0 15490903 13229280 1540358 721265 807200 664211 102525 40464 2885719 2304739 442324 138656 1084004 863066 169162 51776 0 0 0 0 59955 0 59955 0 51125 0 51125 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 468872 241072 227800 0 1446915 1076571 274415 95929 732318 379754 352048 516 0 0 0 0 2845291 2729002 95255 21034 805972 717903 56835 31234 0 0 0 0 0 0 0 0 931721 904747 20861 6113 0 0 0 0 2325137 2224575 85021 15541 0 0 0 0 Contracted services 3353283 3319000 34283 0 Athletic teams 473385 473385 0 0 Memberships 149163 8045 141118 0 1428154 1333970 49036 45148 54523797 49241054 4115067 1167676 6243 3934 10304187 15942026 2201886 3032301 1150845 1235915 0 0 0 0 0 0 0 0 517678 610204 81152245 43146757 39033618 38005488 18963974 22274419 37462680 41239671 3389336 3275527 0 0 2400000 115430447 125619485 4897531 5716535 0 0 0 0 19129360 21218320 0 0 0 0 1045240 6659 0 0 3065362 3326749 28137493 30268263 X 24187870 24700471 16313438 22136918 46791646 48513833 87292954 95351222 115430447 125619485 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 1689 0 0 0 1689 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 Simpson College is a member of the Iowa Association of Independent Colleges and Universities (IAICU). As calculated by IAICU, twelve percent of the dues paid by the college are attributed to lobbying expenditures incurred by the organization. 58316085 523858 8050948 2109024 1093004 100000 63588863 80660171 2782698 -21512800 1979047 1534937 100000 58316085 0.08 0.75 0.17 1 0 614611 1811426 2426037 1239612 64550511 33216278 32573845 0 416834 20842 395992 0 11489477 9849867 1639610 119537 910237 59770 970004 38005488 0 F 0 F Guaranteed investment contract 960440 F Interest in common trust funds 22489854 F Interest in private equity limited partnerships 5321410 F Interest in hedge funds 6298725 F Interest in real estate investment trusts 2367956 F Beneficial interest in trusts 2493212 F Cash surrender value of life insurance policies 1301724 F Other 6350 F 41239671 Federal Perkins Loan due from students 2482336 C Loans due from students 793191 C 3275527 0 Student, personnel and sundry deposits 734861 U.S. government loan funds refundable 2389330 Interest rate swap agreements 202558 3326749 57063276 54523797 2539479 5518789 0 0 0 0 5518789 8058268 43954373 5518789 0 0 0 5518789 38435584 0 18627692 18627692 57063276 35896105 0 0 0 0 0 35896105 0 18627692 18627692 54523797 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The Simpson College endowment is intended to support the College's students by providing scholarship and loan funds and the endowment is intended to support the College by providing support for operations and facilities. SchD_P10_S00_L00 Schedule D, Part X The disclosures for FIN 48 were not required to be made for the year ended May 31, 2010. However, the auditors did perform tests related to FIN 48 and did not identify any liability for uncertain tax positions. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Student aid netted against tuition and fees in the audited financial statements. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Student aid netted against tuition and fees in the audited financial statements. 1 1 1 College publications to students, alumni and friends of the College include a statement of the College's racially nondiscriminatory policy. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The College receives student financial aid under Title IV and other assistance from the Federal government and from the State of Iowa. A significant portion of this assistance is "pass through" to qualifying students. 1 Europe (including Iceland and Greenland) 0 0 Program Services Student semester abroad and May Term course travel 223956 South America 0 0 Program Services Student semester abroad and May Term course travel 105144 East Asia and the Pacific 0 0 Program Services Student semester abroad and May Term course travel 4856 Sub-Saharan Africa 0 0 Program Services Student May Term course travel 649 Central America and the Caribbean 0 0 Program Services Student May Term course travel 151896 0 0 486501 1 Scholarships and grants to Simpson College students 1428 18627692 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Grants or assistance provided is all for scholarships and grants to Simpson College students which are applied directly to the student's tuition charges. The Office of Financial Assistance awards scholarships and grants to students based on a variety of different criteria for each scholarship. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 John W Byrd 227493 0 0 0 4382 0 67133 0 31664 0 330672 0 0 0 Robert J Lane 135747 0 0 0 4205 0 11289 0 44237 0 195478 0 0 Kenneth I Birkenholtz 143168 0 0 0 0 0 11346 0 5249 0 159763 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The president's spouse periodically travels with the President to official College functions. The spouse's travel is paid by the College when the official College function dictates such participation such as for donor relations and alumni events. The President is provided a residence in which he/she is required to live. The residence is regularly used for College functions. An estimated fair value of $25,804 has been included under Part VII, Section A, column (F) of the Form 990. Finally, the President is provided with membership to a local country club. The annual membership cost is included in reportable compensation in the amount of $1,740. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The Executive Compensation Committee of the Board of Trustees consists of the Treasurer, Secretary and Chairperson of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation and benefits for the President. The Committee uses comparability data such as a survey issued to several private colleges regarding total compensation for a president conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. The Committee approves all salary and long-term incentive awards for the President's written employment contract. Minutes of all Committee meetings are kept and maintained. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. Iowa Higher Education Loan Authority 421235696 462460SZ0 2005-02-15 11931200 Various campus buildings and residence hall improvements. 0 0 Iowa Higher Education Loan Authority 421235696 2009-11-19 12100000 Refunding of taxable loan (9/10/2008); acquisition of machinery, equipment, property, and fixtures. 0 0 7042360 981145 0 0 166283 0 6579538 2006 0 1 1 1 3101145 0 0 688998 100000 0 2312147 1 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 1 Societe Generale 30.8 1 0 1 0 1 1 Regions Bank 5 0 0 0 Douglas Shull Trustee is a director of a bank which has provided a loan to the College 133000 Interest and fees on loan with the bank 0 P Sumner Worth Trustee is a key employee of a lumber and construction materials supplier 71547 Purchase of construction materials under open and competitive bidding 0 Rita Birkenholtz Spouse of officer of the College 39654 Annual compensation as a full time employee in the Office of College Advancement 0 Evadne Goodhue Spouse of a Board of Trustee member 14134 Compensation as an adjunct instructor of the College 0 X 8 99472 FMV X Athletic fundraising auction donations 49 13724 FMV X Meals 3 1524 FMV X Use of vehicle provided to President 1 7712 Dealer lease rate 0 0 1 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Robert J Lane, Vice President for College Advancement, and Deb J Tierney, Vice President for Enrollment, are in-laws. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The return preparer reviews a draft copy of the Form 990 with the President and Vice President for Business & Finance. The return preparer and the Vice President for Business & Finance reviewed the draft and addressed questions with a tax expert who is part of the accounting firm that audits the College. Appropriate changes were made to the Form 990 based on these reviews. Then, the final draft of the return is made available to all trustee members prior to filing. The return is made available electronically through the College portal in which all trustee members have access. An email is also sent to the trustee members stating the return is available on the College portal and any comments or questions may be directed to management or the Audit and Compliance Committee of the Board of Trustees. Finally, prior to the return filing, a meeting of the Audit and Compliance Committee of the Board of Trustees is held in which managment review the Form 990 with the Committee. The tax expert also participated in the meeting with the Audit and Compliance Committee. Appropriate changes were made to the Form 990 at the direction of the Audit and Compliance Committtee before filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c As required by the College bylaws, all trustees, officers and key employees are required to disclose annually interests that could give rise to conflicts. All reported information is compiled under the direction of the President. A summary is provided to the Audit and Compliance Committee of the Board of Trustees who then determines whether further review or action is necessary. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Executive Compensation Committee of the Board of Trustees consists of the Treasurer, Secretary, and Chairperson of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation of cabinet-level administrators. The Committee uses comparability data such as a survey issued to several private colleges regarding total compensation for a president conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. Minutes of all Committee meetings are kept and maintained. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. The Committee last reviewed the compensation package of the President and cabinet-level adminstrators during the year ended in May 2009. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Upon written request to the President or Vice President for Business & Finance, the College will make its governing documents, conflict of interest policy, and financial statements available to the public.