2011-02-09T10:37:28-06:00 2010-06-30 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2009-07-01 390826049 RIPON COLLEGE RIPO 9207488108 PO BOX 248 RIPON WI 54971 Mary deRegnier 2011-02-11 true 4142898200 X 2009 2016-02-24 21:20:13Z DAVID C JOYCE 300 SEWARD STREET RIPON WI 54971 56057968 false X WWW.RIPON.EDU X 1851 WI PROVIDE EDUCATION TO STUDENTS AS A PRIVATE ORGANIZATION. 33 28 954 593 162659 0 4405820 3814730 30897363 32336200 -861368 979488 507380 1381207 34949195 38511625 12877023 13484557 0 0 12953122 13362703 0 0 1221659 14122504 14874194 39952649 41721454 -5003454 -3209829 101217122 102721634 39402883 39543340 61814239 63178294 RIPON COLLEGE PREPARES STUDENTS OF DIVERSE INTERESTS FOR LIVES OF PRODUCTIVE, SOCIALLY RESPONSIBLE CITIZENSHIP. OUR LIBERAL ARTS CURRICULUM AND RESIDENTIAL CAMPUS CREATE AN INTIMATE LEARNING COMMUNITY IN WHICH STUDENTS EXPERIENCE A RICHLY PERSONALIZED EDUCATION. false false 34441519 13484557 32336200 RIPON COLLEGE, AN ACCREDITED PRIVATE INSTITUTION, PROVIDES A FOUR YEAR DEGREE PROGRAM IN THE LIBERAL ARTS. THIS EDUCATIONAL PROGRAM BENEFITS MORE THAN 1,025 FULL TIME EQUIVALENT STUDENTS. 34441519 true true false false false false true false true true true false true false false false false false true true false false true true true false false false false false false true false false false true false false false false false false false false true 1413 0 true 954 true true true true CJ false false true true true true false false false 33 28 true false true false false true true true true false false true true true true true true true true false WI X MARY M DEREGNIER 9207488108 RIPON COLLEGE 300 SEWARD STREET RIPON WI 54971 THOMAS W ABENDROTH 1.0 X 0 0 0 VICTORIA L BLEISE 1.0 X 0 0 0 DOREEN CONFORTI CHEMEROW 1.0 X X 0 0 0 JAMES R CLARK 1.0 X 0 0 0 JAMES CONNELLY 1.0 X 0 0 0 DORIAN DES LAURIERS 1.0 X 0 0 0 SCOTT L DICKS 1.0 X 0 0 0 DENNIS G FRAHMANN 1.0 X 0 0 0 JANE RUNKEL FREDERICK 1.0 X 0 0 0 STEPHANIE GREENE 1.0 X 0 0 0 CLAIRE SANTERALLI GREGOIRE 1.0 X 0 0 0 HELEN HANSEN 1.0 X 0 0 0 DAVID G HARTMAN 1.0 X 0 0 0 GUY R HENSHAW 1.0 X 0 0 0 MARCUS D HOFFMAN 1.0 X 0 0 0 DAVID JANSSEN 1.0 X 0 0 0 WILLIAM CHESTER JORDAN PH D 1.0 X 0 0 0 DAVID C JOYCE 40.0 X X 201422 0 66639 ROBERT J KIRKLAND 1.0 X X 0 0 0 WILLIAM C MACLEOD 1.0 X 0 0 0 PHILIP K MCCULLOUGH MD 1.0 X 0 0 0 GARY PAGE 1.0 X 0 0 0 RONALD R PETERSON 1.0 X X 0 0 0 MICHAEL R REESE 1.0 X 0 0 0 CHERYL K ROFER 1.0 X 0 0 0 JOANN SELLECK 1.0 X 0 0 0 PAMELA PRICE SMITH 1.0 X 0 0 0 RICHARD J SREDNICKI 1.0 X 0 0 0 KATHY STEWART 1.0 X 0 0 0 ANGELA TWAROSKI 1.0 X 0 0 0 DENA G WILLMORE 1.0 X X 0 0 0 MARK J WRIGHT 1.0 X X 0 0 0 ROBERT ZIMMERMAN 1.0 X 0 0 0 mary deregnier 40.0 X 118432 0 29407 gerald seaman 40.0 X 121513 0 32937 linda corder 40.0 X 115738 0 18814 557105 0 147797 4 false true false SODEXO PO BOX 70060 CHICAGO IL 60673 FOOD & HOUSEKEEPING 3537905 THE BOLDT COMPANY 2525 NORTH ROEMER ROAD APPLETON WI 54912 CONSTRUCTION 821777 MARSH USA INC 96460 COLLECTION CENTER DR CHICAGO IL 60693 INSURANCE 170953 RIPON MEDICAL CENTER PO BOX 390 RIPON WI 54971 MEDICAL COVERAGE 124402 4 1028646 2786084 263074 3814730 TUITION & FEES 812900 25788556 25788556 AUXIL. ENTERPRISES 812900 6547644 6547644 32336200 970392 977382 0 0 17538703 17529607 9096 9096 9096 35332 4575 11096 24236 24236 42838 5640 37198 37198 0 MISCELLANEOUS 812900 1157114 1157114 SUMMER CAMP/CONF. 721000 155669 155669 PARTNERSHIP INCOME 900099 6990 6990 1319773 38511625 33493314 162659 1047912 0 13484557 13484557 0 0 424280 356461 67819 0 9175668 7861365 688151 626152 0 3762755 2859238 675684 227833 0 0 61782 14794 46988 106828 106828 0 0 0 1896037 1600881 220149 75007 38062 20937 17125 1165043 821887 240578 102578 343125 338242 2298 2585 0 1495479 1385477 110002 631393 573463 34497 23433 0 186371 89284 89477 7610 2281345 2281345 0 1480737 1192461 288276 198128 189084 8576 468 STUDENT ACTIVITIES 722804 722804 PROMOTIONS & AWARDS 632262 67130 562100 3032 CONSULTING 300540 144482 83059 72999 REPAIRS & MAINTENANCE 336148 271930 64061 157 FOOD SERVICE CONTRACT 1961000 1961000 1037110 842503 182621 11986 41721454 34441519 6058276 1221659 3213232 1283615 2162878 1472596 1016033 1168180 2711368 2702461 8625 7966 144942 372669 62849967 22778423 41367420 40071544 45285392 49997969 5307232 5644634 101217122 102721634 1531958 1770308 2467057 2490373 79342 67273 23201772 23165000 3582043 3755613 1500000 705100 7040711 7589673 39402883 39543340 X 5375708 5152073 5562018 6134413 50876513 51891808 61814239 63178294 101217122 102721634 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1072685 X X X false 46828587 818348 5991667 1558730 9863 0 52070009 56406983 450531 -9023226 1005701 0 0 46828587 0.02822 0.97178 true false 560766 560766 53567687 18427233 35140454 8721514 4351190 4370324 40071544 0 0 ANNUITIES PAYABLE 319439 DEFERRED SUPPORT/SPLIT INT. 261900 ACCRUED POSTRETIREMENT BENEFIT 4115630 CONDTNL ASSET RETIREMENT OBLIG 654677 OTHER LONG-TERM LIABILITIES 2238027 7589673 38511625 41721454 -3209829 4021450 552434 4573884 1364055 29706906 4021450 161719 4183169 25523737 12987888 12987888 38511625 28342851 105954 105954 28236897 13484557 13484557 41721454 ART COLLECTION - FURTHERANCE OF EXEMPT PURPOSE SCHEDULE D, PART III, LINE 4 STUDENTS AND COMMUNITY MEMBERS TO LEARN ABOUT AND EXPERIENCE DIFFERENT ART FORMS. INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, ACADEMIC PROGRAMS AND FACILITIES TO ASSIST IN FURTHERING THE MISSION OF THE COLLEGE. organization's liability for uncertainty in income taxes under fin 48 schedule d, part x As required by the uncertain tax position guidance in ASC 740 Income Taxes, the College recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more-likely-than-not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The College applied the uncertain tax position guidance in ASC 740 to all tax positions for which the statute of limitations remained open and determined there were no material unrecognized tax benefits as of that date. As of June 30, 2010, the statute of limitations is no longer open for years before 2007 for federal income tax purposes. For state income tax purposes, the statute of limitations is no longer open for years before 2006. As of June 30, 2010, the College believes the guidance to have no effect on its financial statements. Additionally, the guidance provides for the recognition of interest and penalties related to income taxes. There were no interest or penalties related to income taxes that have been accrued or recognized as of and for the years ended June 30, 2010 and 2009. RECONCILIATION OF CHANGES IN NET ASSETS SCHEDULE D, PART XI, LINE 8 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT $147,164 CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS HELD BY OTHERS 349,505 INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 55,765 -------- TOTAL $552,434 ========== OTHER REVENUE ON FINANCIAL STMTS NOT ON FORM 990 SCHEDULE D, PART XII, LINE 2D INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 55,765 INTERDEPARTMENTAL CHARGES FOR VEHICLES & PHOTOCOPYING 89,218 SPECIAL EVENT EXPENSES PRESENTED NET OF REVENUE 16,736 ----------- TOTAL $ 161,719 ============ OTHER REVENUES ON FORM 990 NOT ON FINANCIAL STMTS SCHEDULE D, PART XII, LINE 4b CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT $ (147,164) CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS HELD BY OTHERS (349,505) TUITION AND FEES REVENUE PRESENTED NET OF SCHOLARSHIPS AND GRANTS 13,484,557 ------------ TOTAL $ 12,987,888 ============ OTHER EXPENSES ON FINANCIAL STMTS NOT ON FORM 990 SCHEDULE D, PART XIII, LINE 2D INTERDEPARTMENTAL CHARGES FOR VEHICLES & $89,218 PHOTOCOPYING SPECIAL EVENT EXPENSES PRESENTED NET OF REVENUE 16,736 -------- TOTAL $105,954 ======== OTHER EXPENSES ON FORM 990 NOT ON FINANCIAL STMTS SCHEDULE D, PART XIII, LINE 4b TUITION AND FEES REVENUE PRESENTED NET OF SCHOLARSHIPS AND GRANTS $13,484,557 =========== true true true RIPON COLLEGE DRAWS STUDENTS NATION WIDE. MATERIALS USED IN PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS INCLUDE A STATEMENT THAT RIPON COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, AND NATIONAL OR ETHNIC ORIGIN. true true true true false false false false false false false false true false RIPON COLLEGE RECEIVED FEDERAL FUNDS WHICH WERE USED FOR STUDENT PROGRAMS-ENTITLEMENTS SUCH AS PELL GRANTS, SEOG GRANTS, AND WORKSTUDY PROGRAMS. true JARREAU SCHOLA. 39907 4575 35332 2796 8300 39907 4575 35332 2796 8300 11096 24236 42838 5200 440 true 0.88000 42838 5200 440 5640 37198 WI true false false false 0.70000 0.30000 LORI SCHULZE 300 SEWARD STREET RIPON WI 54971 false BOB GILLESPIE 0 CONDUCTS THE ATHLETICS RAFFLE X false true VARIOUS 960 11103976 ENDOWED SCHOLARSHIPS 130 2380581 PROCEDURES FOR MONITORING USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PART I, LINE 2 Ripon College tracks all grants issued, by grant, dollar amount, student and term. Financial Aid awards grants based on the grantees eligibility for any grant. Eligibility may be based on need, grades, majors, etc. If need based, the FAFSA will be utilized. Each grant may have unique selection criteria which is documented by the Financial Aid department. X true true X X X false false false false false false false false false DAVID C JOYCE 177464 0 0 0 23958 0 14412 0 52227 0 268061 0 0 0 gerald seaman 113486 0 0 0 8027 0 9054 0 23883 0 154450 0 0 0 HOUSING ALLOWANCE AND WRITTEN POLICY SCHEDULE J, PART I, LINE 1A & 1b IRS instructions to Form 990 require that the fair market value of housing provided to employees by their employer be reported on Form 990, Part VII, Section A and Schedule J, Part II (whether or not the value is deemed taxable). As a condition of employment, the President of Ripon College is required to reside in One Merriman Lane, a residence on the campus premises. One Merriman Lane serves both as a personal residence as well as a venue for the regular carrying on of College business. The College has determined that the value of the use of this personal-residence is not considered taxable income to the President as provided for in Internal Revenue Code Section 119. For tax year 2009, the value of the President's use of the residence is conservatively estimated to be $31,500. This estimated value is based on an estimated monthly rental value of the residence of $2,000/month including utilities totaling $7,500 annually. WHEFA ADJ RATE PUT OPTION REV BOND SERIES 2006 391337855 97710vh35 2006-06-29 23165000 CONTR, RENNOV, REFUND '93/'94 BOND false false 24211695 351001 20684175 2009 true false true true false false true false false 0.00800 0.00800 true false true true M&I Bank 7. false false false NA N/A 19269 MERIT SCH & GRT X 36 201585 cost/selling price X FUNDRAISING EVENT 17 2796 COST/SELLING PRICE X ALUMNI & ADVANCEMENT EVTS 16 13612 COST/SELLING PRICE X STUDENT EVENTS 2 981 COST/SELLING PRICE X RENT FOR BUILDINGS 1 20100 COMPARABLE PROPERTY X legal services 1 24000 opinions of experts 0 false true true USE OF THIRD PARTY TO SOLICIT, PROCESS, OR SELL NON-CASH CONTRIBUTIONS SCHEDULE M, PART I, LINE 32B RIPON COLLEGE USES M&I BROKERAGE TO RECEIVE STOCK SENT DTC AND TO SELL THAT STOCK. M&I BROKERAGE HOLDS THE STOCK UNTIL RIPON AUTHORIZES THE SALE. M&I BROKERAGE THEN SELLS THE STOCK AND SENDS A CONFIRMATION OF THE TRANSACTION BY MAIL. THE PROCEEDS ARE SENT DIRECTLY TO THE COLLEGE'S BANK ACCOUNT AT M&I MARSHALL & ILLSLEY. TRUSTEES' BUSINESS RELATIONSHIP WITH OTHER TRUSTEES FORM 990, PART VI, SECTION A, LINE 2 three of ripon college's trustees, jim conelly, jim clark, and robert zimmerman all mutually possess a business relationship. Robert J. kirkland and ronald r. peterson possess a business relationship. robert j. kirkland and thomas w. abendroth possess a business relationship. Significant Changes to the Organization's Organizing Document and Rules FORM 990, PART VI, SECTION A, LINE 4 THE FOLLOWING ITEMS WERE AMENDED IN THE ORGANIZATIONAL DOCUMENTS DURING THE TAX YEAR: -AMENDED POWERS OF THE CHAIR OF THE BOARD -GENERAL COMMITTEE FOR INFORMATIONAL SERVICES WAS DISSOLVED AND ALL REFERENCE TO SUCH COMMITTEE DELETED MEMBERS, STOCKHOLDERS, OR OTHERS WHO MAY ELECT MEMBERS TO GOVERNING BODY FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES SHALL ELECT TO MEMBERSHIP ON THE BOARD SUCCESSORS TO THOSE MEMBERS WHOSE TERMS EXPIRE ON THAT DATE, WITH THE EXCEPTION OF THE ALUMNI TRUSTEE AND THE SPECIAL GRADUATE TRUSTEE. ONE OF THE AFORESAID SUCCESSORS SHALL BE RECOMMENDED BY THE ALUMNI AND ONE BY THE STUDENT BODY, AS HEREINAFTER PROVIDED. TRUSTEES SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE TRUSTEES PRESENT AT THE MEETING. DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL FORM 990, PART VI, SECTION A, LINE 7B The action of the majority of the Trustees present at a meeting at which a quorum is present shall be the act of the Board of Trustees, unless the act of a greater proportion is required by the Wisconsin Nonstock Corporation Law, the Articles of Incorporation, or the organization's By-laws. Process the Organization Uses to Review Form 990 FORM 990, PART VI, SECTION b, LINE 11 The Form 990 is sent to each member of the Audit committee for their review. Ripon College calls a meeting of the audit committee to allow administrative staff to present highlights of the report and answer questions. Any necessary changes or corrections are made and a final Form 990 is sent to all members prior to filing of the return with the Internal Revenue Service. MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C All employees and trustees are required to complete a conflict of interest form yearly. A summary of all forms distributed, returned, and the number with disclosures is completed. All forms with disclosures are reviewed by the president and Vice President for Finance. Those with disclosures are categorized as "not a conflict", a potential conflict but immaterial to the college, and those that require further action. If any are deemed to require further action, then those are reviewed by the Chair of the Audit Committee. If action is necessary, proper actions are taken by the college to ensure that any detrimental impact to the college is minimized or negated. PROCESS FOR DETERMINING COMPENSATION of top management official FORM 990, PART VI, SECTION B, LINE 15A & 15B The Executive Committee, subject to the approval of the Board, is responsible for determining the salary level for the President. The Executive Committee, upon the recommendation of the President, is also responsible for determination of salary level for the Assistant Treasurer and Vice President for Finance. Both the President and the Assistant Treasurer and Vice President for Finance receive the annual across the board increase/decrease that the board approves and awards to all employees. The Executive Committee considers adjustments in the compensation of the President and the Assistant Treasurer and Vice President for Finance on an annual basis. Any special increase/decrease for either position is communicated by letter. Reviews of comparable positions at peer institutions are conducted for reasonableness. Organization's Policy Regarding Making Certain Documents Public FORM 990, PART VI, SECTION C, LINE 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. GOVERNMENTAL AID OR ASSISTANCE SCHEDULE E, LINE 6A RIPON COLLEGE RECEIVES FEDERAL FUNDS INCLUDING ALL TITLE IV AID PROGRAMS. RIPON COLLEGE RECEIVES WISCONSIN FUNDS INCLUDING WTG, TIP WI MINORITY GRANTS, ACADEMIC EXCELLENCE, ROBERT BYRD, AND WI HANDICAP. COMPENSATION OF GAMING MANAGER SCHEDULE G, PART III, LINE 16 THE GAMING MANAGER IS AN EMPLOYEE OF RIPON COLLEGE. THE EMPLOYEE DOES NOT RECEIVE ANY ADDITIONAL COMPENSATION RELATING TO HIS DUTIES AS THE GAMING MANAGER.