2011-05-12T17:39:11-05:00 2010-06-30 ZALAZNIK MOORE & ASSOCIATES PLLC PO BOX 1724 WALLA WALLA WA 99362 990 2009-07-01 910567740 BOARD OF TRUSTEES OF WHITMAN COLLEGE WHIT 5095275411 345 BOYER AVE WALLA WALLA WA 993622067 PETER W HARVEY 5095275411 2011-04-30 true DEBORA L ZALAZNIK 5095265689 2011-04-29 2009 2016-02-24 21:20:13Z GEORGE BRIDGES PRESIDENT 345 BOYER AVE WALLA WALLA WA 993622067 128547157 false X HTTP://WWW.WHITMAN.EDU X 1859 WA THE MISSION OF WHITMAN COLLEGE IS TO PROVIDE AN EXCELLENT, WELL-ROUNDED LIBERAL ARTS AND SCIENCES UNDERGRADUATE EDUCATION. STUDENT'S PARTICIPATION IN CLASSES AND OTHER ACTIVITIES WITHIN A RESIDENTIAL SETTING IS INTEGRAL TO THE EDUCATION PROCESS AT WHITMAN COLLEGE. 20 20 1821 740 26210 -912927 13259897 19211857 60322851 63205274 -5959152 7050455 861022 1248338 68484618 90715924 18375506 21803060 0 37945099 37648685 0 2357454 25314671 23616088 81635276 83067833 -13150658 7648091 482832875 529023366 91610193 94885499 391222682 434137867 THE MISSION OF WHITMAN COLLEGE IS TO PROVIDE AN EXCELLENT, WELL-ROUNDED LIBERAL ARTS AND SCIENCES UNDERGRADUATE EDUCATION. STUDENT'S PARTICIPATION IN CLASSES AND OTHER ACTIVITIES WITHIN A RESIDENTIAL SETTING IS INTEGRAL TO THE EDUCATION PROCESS AT WHITMAN COLLEGE. false false 40819042 54300007 ACADEMIC INSTRUCTION, SUPPORT AND OTHER PROGRAMS: 1,496 FULL TIME EQUIVALENT STUDENTS 361 GRADUATES 11353917 8905267 AUXILIARY ENTERPRISE: 800 STUDENTS IN COLLEGE PROVIDED HOUSING 735 STUDENTS IN COLLEGE PROVIDED BOARD PLANS 20699566 20699566 INSTITUTIONAL FINANCIAL AID: 1,333 STUDENTS RECEIVING INSTITUTIONAL SCHOLARSHIPS 930 STUDENTS RECEIVING FEDERAL LOANS OR GRANTS 72872525 true true false true false false true true true true true true true false true false true false false false false false true true true false false false false false false true false true false true false false false false true false false false true 2386 0 true 1821 true true true true false false false true true true 1 false false 20 20 true false false false false false false true true false false true true true true true true true true false WA OR X X WHITMAN COLLEGE CONTROLLER'S OFFICE 5095275411 345 BOYER WALLA WALLA WA 99362 DAVID W WYCKOFF 1.00 X 0 0 0 DEAN NICHOLS 1.00 X 0 0 0 RYAN CROCKER 1.00 X 0 0 0 JAMES K HAYNER 1.00 X 0 0 0 JAMES L ROBART 1.00 X 0 0 0 JOHN C COLEMAN 1.00 X 0 0 0 JOHN W STANTON 1.00 X 0 0 0 KAREN E GLOVER 1.00 X 0 0 0 LAWRENCE L DRAKE 1.00 X 0 0 0 LAWRENCE B STONE 1.00 X 0 0 0 MEGAN MEDICA 1.00 X 0 0 0 PETER VAN OPPEN 1.00 X 0 0 0 ANDREW FERRARI 1.00 X 0 0 0 THOMAS H MCCRACKEN 1.00 X 0 0 0 DAVID NIERENBERG 1.00 X 0 0 0 WALTER C MINNICK 1.00 X 0 0 0 NANCY SERRURIER 1.00 X 0 0 0 BRADLEY MARK MCMURCHIE 1.00 X 0 0 0 MEGAN CLUBB 1.00 X 0 0 0 ANNA HERNANDEZ 1.00 X 0 0 0 GEORGE W BRIDGES 40.00 X 292235 0 61425 PETER W HARVEY 40.00 X 197144 0 28120 TIMOTHY V KAUFMAN-OSBORN 40.00 X 174365 0 31126 JOHN W BOGLEY 40.00 X 168805 0 31435 CHARLES E CLEVELAND 40.00 X 153290 0 26603 KEIKO M PITTER 40.00 X 148847 0 23075 JA CABASCO 40.00 X 115090 0 25886 DAVID F SCHMITZ 40.00 X 138367 0 24476 ROBERT J CARSON 40.00 X 136847 0 21635 LAURIE K HOUCK 40.00 X 129064 0 27360 KEITH FARRINGTON 40.00 X 120502 0 35168 PATRICK W KEEF 40.00 X X 148272 0 33291 1922828 369600 22 true true false OPP & SEIBOLD GENERAL CONSTRUCTION 1220 W POPLAR WALLA WALLA WA 99362 GEN CONTR 453438 ALPHA ENERGY 3767 ALPHA WAY BELLINGHAM WA 98226 ENERGY CONTR 166659 DATATEL 4345 FAIR LAKES CT FAIRFAX VA 22033 SFTWARE CONTR 159282 MONTICHELLO ASSOCIATES 1200 17TH ST STE 2600 DENVER CO 80202 INVSTMT CONSULT 150000 WINGS TOURS & NILE CRUISES 11350 MCCORMICK ROAD HUNT VALLEY MD 21031 TRAVEL CONTR 148655 3 1456149 17755708 1284125 19211857 STUDENT TUITION & FEES 611310 54300007 54300007 AUXILIARY ENTERPRISES 611310 8895157 8895157 INTERNET BOOKSTORE SALES 451211 10110 10110 63205274 1853727 1853727 740098 639443 100655 100655 100655 42388518 37191790 5196728 5196728 5196728 OTHER REVENUE 611310 758541 758541 OTHER REVENUE 611310 373042 373042 TOWER LEASE REVENUE 900000 16100 16100 1147683 90715924 63953705 26210 7524152 20699566 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RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false true 1656 false false 1656 false false false false false false false false false 950790 X X X false false false 278739032 5407786 44766917 -6661827 -8513173 313738735 365692263 2269450 -72802811 -6010593 -10409277 278739032 0.30000 0.65000 0.05000 false false false 11980986 6704580 18685566 7230200 155728007 45225373 117732834 7551723 4183608 3368115 950790 950790 140737305 PRIVATE EQUITY 62652021 F INTERNATIONAL EQUITY 53491159 F US EQUITY 46745611 F HEDGED EQUITY 43622668 F ABSOLUTE RETURN 31175694 F NATURAL RESOURCES 23684013 F BALANCED 18856189 F FIXED INCOME 418891 F PGWC FOUNDATION 91-1648072 -3861245 F 276785001 11980376 INTEREST RATE EXCHANGE AGREEMENTS 9694000 SPLIT INTEREST CONTRACTS 6429230 POST-RETIREMENT BENEFITS 4550680 DEFERRED COMPENSATION 817790 ASSET RETIREMENT OBLIGATION 714330 INSURANCE TERMINAL LIABILITY 660000 22866030 90715924 83067833 7648091 34163596 1037097 35200693 42848784 105464852 34163596 -19414668 14748928 90715924 90715924 62616068 247801 247801 62368267 20699566 20699566 83067833 RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 RELATED ENTITES' REVENUE (SHARE OF GAIN) 1,284,898 TUITION DISCOUNT -20,699,566 RELATED ENTITIES -247,801 TUITION DISCOUNT 20,699,566 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D RELATED ENTITES' REVENUE (SHARE OF GAIN) 1,284,898 TUITION DISCOUNT -20,699,566 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D RELATED ENTITIES 247,801 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 4B TUITION DISCOUNT 20,699,566 SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PAGE 4, PART XIV FEDERAL INCOME TAXES: WHITMAN COLLEGE IS A QUALIFIED NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND AS SUCH, IS GENERALLY EXEMPT FROM FEDERAL TAXATION OF INCOME. ACCORDINGLY NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAXES. CONTRIBUTIONS TO THE COLLEGE ARE GENERALLY TAX DEDUCTIBLE. THE PAUL GARRET WHITMAN COLLEGE FOUNDATION AND THE 21ST CENTURY TRUST ARE SEPARATE TAX ENTITIES. IN ACCORDANCE WITH THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD INTERPRETATION (FIN) NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE COLLEGE HAD NO UNRECOGNIZED TA BENEFITS AT JUNE 30, 2010 AND 2009. true true true true true true true false false false false false false false false true false THE COLLEGE RECEIVES FUNDS FROM THE DEPARTMENT OF EDUCATION TO BE GIVEN OUT IN THE FORM OF GRANTS AND LOANS TO WHITMAN STUDENTS. THE COLLEGE ALSO RECEIVES FUNDS FROM OTHER FEDERAL AGENCIES IN THE FORM OF GRANTS FOR EQUIPMENT, RESEARCH, STUDY OR OTHER EFFORTS AS STIPULATED IN EACH INDIVIDUAL GRANT. true false CENTRAL AMERICA & CARIBBEAN INVESTMENT 399271 EAST ASIA & PACIFIC PROGRAM SERVICE STUDY ABROAD 426472 EUROPE PROGRAM SERVICE STUDY ABROAD 99646 EUROPE INVESTMENT 767979 EAST ASIA & PACIFIC PROGRAM SERVICE FACULTY TRAVEL 4379 EUROPE PROGRAM SERVICE FACULTY TRAVEL 13988 MIDDLE EAST & NORTH AFRICA PROGRAM SERVICE FACULTY TRAVEL 2346 NORTH AMERICA PROGRAM SERVICE FACULTY TRAVEL 6265 SOUTH ASIA PROGRAM SERVICE FACULTY TRAVEL 2554 SUB-SAHARAN AFRICA PROGRAM SERVICE FACULTY TRAVEL 1668 CENTRAL AMERICA & CARRIBEAN GRANTMAKING STUDENT FINAN. AID 78478 EAST ASIA & PACIFIC GRANTMAKING STUDENT FINAN. AID 341228 EUROPE GRANTMAKING STUDENT FINAN. AID 554300 SOUTH AMERICA GRANTMAKING STUDENT FINAN. AID 40475 SOUTH ASIA GRANTMAKING STUDENT FINAN. AID 45063 SUB-SAHARAN AFRICA GRANTMAKING STUDENT FINAN. AID 43950 2828062 STUDENT FINANCIAL AID CENTRAL AMERICA & CARRIBEAN 13 78478 STUDENT ACCOUNT STUDENT FINANCIAL AID EAST ASIA & PACIFIC 27 341228 STUDENT ACCOUNT STUDENT FINANCIAL AID EUROPE 65 554300 STUDENT ACCOUNT STUDENT FINANCIAL AID SOUTH AMERICA 4 40475 STUDENT ACCOUNT STUDENT FINANCIAL AID SOUTH ASIA 4 45063 STUDENT ACCOUNT STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 5 43950 STUDENT ACCOUNT false INSTIT. FINANCIAL AID 1333 20699566 ADDITIONAL INFORMATION SCHEDULE I, PAGE 4, PART IV THE COLLEGE AWARDS SCHOLARSHIPS IN CONFORMANCE WITH ESTABLISHED POLICIES ON THE BASIS OF BOTH NEED AND SCHOLASTIC MERIT. AWARDS TO STUDENTS WITH NEED ARE BASED ON THE STUDENT'S FINANCIAL INFORMATION CONTAINED IN THE FINANCIAL AID PROFILE FILED WITH THE COLLEGE SCHOLARSHIP SERVICE AND THE FREE APPLICATION FOR FINANCIAL AID FILED WITH THE FEDERAL PROCESSOR. ALL AID IS OBJECTIVELY DETERMINED AND AWARDED ON AN EQUAL BASIS TO RECIPIENTS WITH SIMILAR ATTRIBUTES. X X X true true X X X X false false false false false false false true false GEORGE W BRIDGES 287407 4828 24500 36925 353660 PETER W HARVEY 197144 19735 8385 225264 TIMOTHY V KAUFMAN-OSBORN 174365 17930 13196 205491 JOHN W BOGLEY 165550 3255 17535 13900 200240 CHARLES E CLEVELAND 153290 15740 10863 179893 KEIKO M PITTER 148847 14915 8160 171922 DAVID F SCHMITZ 138367 13710 10766 162843 ROBERT J CARSON 136847 13540 8095 158482 LAURIE K HOUCK 128554 510 13645 13715 156424 KEITH FARRINGTON 120502 12750 22418 155670 PATRICK W KEEF 148272 15045 18246 181563 NON-FIXED PAYMENTS PROVIDED SCHEDULE J, PAGE 1, PART I, LINE 7 REIMBURSEMENTS FOR TRAVEL AND MEALS ARE PAID PERSUANT TO THE COLLEGE'S ACCOUNTABLE PLAN. OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III PART III: PART 1, 1A RESIDENCE FOR PERSONAL USE--THE COLLEGE PRESIDENT IS REQUIRED AS A CONDITION OF EMPLOYMENT TO MAINTAIN A PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE COLLEGE. THIS HOUSE IS LOCATED ON THE EDGE OF CAMPUS AND IS REQUIRED FOR THE CONVENIENCE OF THE COLLEGE. SOCIAL CLUB DUES--THE COLLEGE PRESIDENT AND VP OF DEVELOPMENT ARE PROVIDED MEMBERSHIPS IN SOCIAL CLUBS BY THE COLLEGE. PERSONAL SERVICES--THE PRESIDENT'S PERSONAL RESIDENCE IS PROVIDED CLEANING SERVICES AND YARD CARE BY THE COLLEGE. WHEFA 2004 BONDS 911306482 939781VM9 2004-11-16 28770000 REFUND A PRIOR ISSUE false false WHEFA 2008 BONDS 911306482 939781A34 2008-06-10 30935000 FACILITIES CONSTRUCT false false 28770000 28660421 109579 2004 true false true true 30282842 4173456 282842 25826544 2010 false false false true false false false false false false false false false false false true false true true JPMORGAN 23.4 false false false false true true GK BAUM 28.0 true AIG MATCHING FU 3.1 true false false PATRICK KEEF FORMER OFFICER 7416 NANCY MITCHELL FAMILY MEMBER 58180 COMPENSATION false SHARON KAUFMAN-OSBORN FAMILY MEMBER 34970 COMPENSATION false PAT SORENSON FAMILY MEMBER 31255 COMPENSATION false X 4 X X X 43 910125 MARKET X 1 374000 APPRAISAL X COMPUTER SUPP. 2 1 false false false ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION THE MISSION OF WHITMAN COLLEGE IS TO PROVIDE AN EXCELLENT, WELL-ROUNDED LIBERAL ARTS AND SCIENCES UNDERGRADUATE EDUCATION. STUDENT'S PARTICIPATION IN CLASSES AND OTHER ACTIVITIES WITHIN A RESIDENTIAL SETTING IS INTEGRAL TO THE EDUCATION PROCESS AT WHITMAN COLLEGE. FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES FORM 990, PART V, LINE 4B CAYMAN ISLANDS, BRITISH INDIAN OCEAN TERRITORY RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 PETER VAN OPPEN JOHN STANTON TRUSTEE TRUSTEE BUSINESS RELATIONSHIP ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11 THE COLLEGE'S AUDIT COMMITTEE WAS PROVIDED A COPY OF THE FORM AND REVIEWED WITH COLLEGE STAFF. SUBSEQUENT TO THE COMMITTEE REVIEW, THE TRUSTEES WERE EACH PROVIDED A COPY OF THE FORM PRIOR TO THE COLLEGE'S FILING WITH THE IRS. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE GIVEN A QUESTIONNAIRE ANNUALLY. THE QUESTIONNAIRE INCLUDES THE COLLEGE'S CONFLICT OF INTEREST POLICY AND ASK EACH INDIVIDUAL ABOUT THE EXISTENCE OF CONFLICTS OF INTEREST AS WELL AS OTHER PAYMENTS OR SITUATIONS WHICH COULD BE CONSTRUED TO PRESENT A CONFLICT. IF AN INDIVIDUAL ANSWERS ANY QUESTION IN THE AFFIRMATIVE THEY ARE ASKED TO DESCRIBE THE SITUATION IN THEIR RESPONSE. IF THERE ARE ANY CONCERNS RELATIVE TO ANY ONE INDIVIDUAL'S RESPONSES, MANAGEMENT FOLLOWS-UP TO DISCUSS HOW BEST TO DEAL WITH ANY IDENTIFIED SITUATIONS. TRUSTEES ARE REMINDED OF POTENTIAL CONFLICTS AT EACH MEETING. MANAGEMENT ASCERTAINS ALL IDENTIFIED INDIVIDUALS HAVE RESPONDED AND ALL THE RESPONSES ARE MAINTAINED IN ACCORDANCE WITH THE COLLEGE'S FILE RETENTION POLICY. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A TRUSTEES APPROVED THE COMPENSATION PACKAGE OF THE COLLEGE'S PRESIDENT AND THE DELIBERATIONS ON THAT PROCESS ARE DOCUMENTED IN ITS MINUTES. COMPARABLE DATA FROM PEER INSTITUTIONS WERE USED TO SET THE COMPENSATION FOR THE PRESIDENT OF THE COLLEGE. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B TRUSTEES APPROVED THE COMPENSATION PACKAGES OF THE COLLEGE'S OFFICERS. COMPARABLE DATA FROM PEER INSTITUTIONS FOR EACH POSITION WERE USED TO SET THE COMPENSATION FOR EACH OFFICER OF THE COLLEGE. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE COLLEGE PROVIDES ACCESS TO ITS FORM 990 AND ITS FINANCIAL STATEMENTS VIA ITS WEBSITE. THE COLLEGE'S TAX EXEMPTION LETTER FROM THE IRS AND OTHER POLICY DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION SCHEDULE E, LINE 6 THE COLLEGE RECEIVES FUNDS FROM THE DEPARTMENT OF EDUCATION TO BE GIVEN OUT IN THE FORM OF GRANTS AND LOANS TO WHITMAN STUDENTS. THE COLLEGE ALSO RECEIVES FUNDS FROM OTHER FEDERAL AGENCIES IN THE FORM OF GRANTS FOR EQUIPMENT, RESEARCH, STUDY OR OTHER EFFORTS AS STIPULATED IN EACH INDIVIDUAL GRANT. WHITMAN COLLEGE PAUL GARRETT FOUND 345 BOYER AVENUE WALLA WALLA WA 99362 911648072 TRUST WA 501 11A N/A WHITMAN COLLEGE 21ST CENTURY TRUST 345 BOYER AVENUE WALLA WALLA WA 99362 916526001 TRUST WA 501 11A N/A false false true false false false false false false false false false false false false false false false WHITMAN COLLEGE PAUL GARRETT FOUND C 195174 WHITMAN COLLEGE 21ST CENTURY TRUST C 161067