BELOIT COLLEGE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- BELOIT COLLEGE (EIN 39-0808497)
- Tax period
- 2009-06-01 to 2010-05-31
- Filed
- 2011-04-14
- IRS object ID
- 201131049349300128
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-04-14T16:25:08-05:00 | Timestamp |
| Tax Period End Date | 2010-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY VIRCHOW KRAUSE LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 115 South 84th Street Suite 400 | AddressLine1 |
| City | Milwaukee | City |
| State | WI | State |
| ZIP Code | 53214 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390808497 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Beloit College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BELO | NameControl |
| Phone | 6083632205 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 College St | AddressLine1 |
| City | Beloit | City |
| State | WI | State |
| ZIP Code | 53511 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | John M Nicholas | Name |
| Title | VP Administration & Treasurer | Title |
| Phone | 6083632205 | Phone |
| Date Signed | 2011-04-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Troy E Marine CPA | Name |
| Phone | 4147775500 | Phone |
| Date Prepared | 2011-04-13 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Dr H Scott Bierman | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 College St | AddressLine1 |
| City | Beloit | City |
| State | WI | State |
| ZIP Code | 53511 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 140217720 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.beloit.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1846 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | SEE SCHEDULE O | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 24 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1785 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 135290 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 13224283 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 17087941 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 48429930 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 51512305 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -3104023 | InvestmentIncomePriorYear |
| Investment Income Current Year | 377416 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 845240 | OtherRevenuePriorYear |
| Other Revenue Current Year | 583378 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 59395430 | TotalRevenuePriorYear |
| Total Revenue Current Year | 69561040 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 19003386 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 21057899 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 27375154 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 26238861 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 37961 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1487672 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 22207229 | OtherExpensePriorYear |
| Other Expenses Current Year | 20491790 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 68623730 | TotalExpensesPriorYear |
| Total Expenses Current Year | 67788550 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -9228300 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1772490 | RevenuesLessExpensesCY |
| Total Assets BOY | 198260113 | TotalAssetsBOY |
| Total Assets EOY | 215529799 | TotalAssetsEOY |
| Total Liabilities BOY | 75306892 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 76147477 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 122953221 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 139382322 | NetAssetsOrFundBalancesEOY |
| Mission Description | See Schedule O | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 59510585 | Expense |
| Grants | 21057899 | Grants |
| Revenue | 51512305 | Revenue |
| Description | In the 2009-2010 academic year Beloit College served 1,446 students from 40 countries, 49 states and the District of Columbia. These services were offered in three separate educational sessions in the Fall, Spring and Summer. Educational activities occurred domestically both on and off the central campus and also occurred overseas through study abroad programs. 313 students graduated during the year and approximately 1,250 students receive financial assistance from Beloit College. | Description |
| Total Program Service Expense | 59510585 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 1 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 147 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1785 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 24 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Rick Lemke | NamePerson |
| Telephone Number | 6083632205 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 College Street | AddressLine1 |
| City | Beloit | City |
| State | WI | State |
| ZIP Code | 53511 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (37 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Dr H Scott Bierman | ||||||||
| President | 40.00 | X | X | 266250 | 0 | 49586 | ||
| Mr Gene Banucci | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Oscar E Cardona | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Donald Carson | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Richard Clayton | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Steven Cohen | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr John Hailer | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Phee Boon Kang | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Stephen H Mahle | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Harold F Mayer | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Ms Judith Miller | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Thomas Oneill | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr James Packard | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Shams Rashid | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Ms Barbara Reynolds | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Ms Margaret Robinson | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Jack Rozran | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr James Sanger | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Robert Shaw | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Thomas Walcott | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Ms Nina Weissberg | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr J Don Wyatt | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Eugene Zeltmann | ||||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |||
| Dr Arthur Elman | ||||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Michael Koss | ||||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |||
| Dr Ann Davies | ||||||||
| VP Academic Affairs | 40.00 | X | 135311 | 0 | 18382 | |||
| Ms Nancy Benedict | ||||||||
| VP Enrollment | 40.00 | X | 140862 | 0 | 14655 | |||
| Mr John Nicholas | ||||||||
| VP Administration | 40.00 | X | 171692 | 0 | 26243 | |||
| Mr Bill Flanagan | ||||||||
| VP Student Sevices | 40.00 | X | 112055 | 0 | 11536 | |||
| Ms Connie Truesdale | ||||||||
| Secretary of the College | 40.00 | X | 63945 | 0 | 15193 | |||
| Mr John B Spencer | ||||||||
| Professor | 40.00 | 114295 | 0 | 16333 | X | |||
| Mr Jerry Gustafson | ||||||||
| Professor | 40.00 | 120826 | 0 | 19253 | X | |||
| Mr John Jungck | ||||||||
| Professor | 40.00 | 112775 | 0 | 19888 | X | |||
| Ms Susan Cleverson | ||||||||
| Exce Dir of Planned Giving | 40.00 | 103500 | 0 | 19220 | X | |||
| Dr Lynn Franken | ||||||||
| Professor | 40.00 | 112550 | 0 | 14572 | X | |||
| Mr Dick Niemiec | ||||||||
| Trustee/Former Interim President | 40.00 | 24333 | 0 | 1279 | X | |||
| Mr Frank McGovern | ||||||||
| VP External Affairs | 40.00 | 106287 | 0 | 9384 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1584681 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 235524 | TotalOtherCompensation |
| Number Individuals GT100 K | 11 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Humana Inc | |||||
| 1100 Employers Blvd | Green Bay | WI | 54344 | Insurance Admin | 526126 |
| Bank of New York Mellon | |||||
| One Wall Street | New York | NY | 10286 | Financial Services | 254244 |
| Associated Colleges of the Midwest | |||||
| 205 W Wacker Drive Suite 200 | Chicago | IL | 60606 | Educational Services | 209340 |
| Corporate Contractors | |||||
| 655 Third St Suite 300 | Beloit | WI | 53511 | Construction | 198689 |
| Klobucar Construction | |||||
| 3140 East County Road S | Beloit | WI | 53511 | Construction | 139665 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Fundraising Events | 7055 | FundraisingEvents |
| Government Grants | 1789715 | GovernmentGrants |
| All Other Contributions | 15291171 | AllOtherContributions |
| Noncash Contributions | 1250230 | NoncashContributions |
| Total Contributions | 17087941 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 812900 | 43374449 | 43374449 |
| ROOM, BOARD & OTHER | 812900 | 8137856 | 8137856 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 51512305 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1467327 | TotalRevenueColumn |
| Exclusion | $1,467,327 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4810 | TotalRevenueColumn |
| Exclusion | $4,810 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3991 | TotalRevenueColumn |
| Exclusion | $3,991 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 20637 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 20637 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20637 | TotalRevenueColumn |
| Unrelated Business Revenue | 20637 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 69195306 | Securities |
| Other | 356531 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 70141310 | Securities |
| Other | 505248 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -946004 | Securities |
| Other | -148717 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1094721 | TotalRevenueColumn |
| Exclusion | -$1,094,721 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 7758 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 7055 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 10122 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2364 | TotalRevenueColumn |
| Exclusion | -$2,364 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| MISCELLANEOUS INCOME | 900099 | 446461 | $446,461 | |
| CONFERENCES | 721000 | 114653 | 114653 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 561114 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 69561040 | TotalRevenueColumn |
| Related Or Exempt Function Income | 51512305 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 135290 | UnrelatedBusinessRevenue |
| Exclusion | $825,504 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19970875 | Total |
| Program Services | 19970875 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1087024 | Total |
| Program Services | 1087024 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1063305 | Total |
| Program Services | 380013 | ProgramServices |
| Management And General | 536888 | ManagementAndGeneral |
| Fundraising | 146404 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18879550 | Total |
| Program Services | 15655576 | ProgramServices |
| Management And General | 2459303 | ManagementAndGeneral |
| Fundraising | 764671 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1412746 | Total |
| Program Services | 1122647 | ProgramServices |
| Management And General | 225295 | ManagementAndGeneral |
| Fundraising | 64804 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3545602 | Total |
| Program Services | 2848218 | ProgramServices |
| Management And General | 620808 | ManagementAndGeneral |
| Fundraising | 76576 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1337658 | Total |
| Program Services | 1075083 | ProgramServices |
| Management And General | 201715 | ManagementAndGeneral |
| Fundraising | 60860 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111583 | Total |
| Program Services | 26865 | ProgramServices |
| Management And General | 81028 | ManagementAndGeneral |
| Fundraising | 3690 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133400 | Total |
| Management And General | 133400 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 502289 | Total |
| Management And General | 502289 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7389153 | Total |
| Program Services | 6118476 | ProgramServices |
| Management And General | 1018951 | ManagementAndGeneral |
| Fundraising | 251726 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24633 | Total |
| Program Services | 11823 | ProgramServices |
| Management And General | 12810 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1547567 | Total |
| Program Services | 1291581 | ProgramServices |
| Management And General | 229044 | ManagementAndGeneral |
| Fundraising | 26942 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12270 | Total |
| Program Services | 12270 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1478823 | Total |
| Program Services | 1406068 | ProgramServices |
| Management And General | 72755 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1028162 | Total |
| Program Services | 896858 | ProgramServices |
| Management And General | 80914 | ManagementAndGeneral |
| Fundraising | 50390 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 328688 | Total |
| Program Services | 296384 | ProgramServices |
| Management And General | 24038 | ManagementAndGeneral |
| Fundraising | 8266 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2800440 | Total |
| Program Services | 2800440 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3284074 | Total |
| Program Services | 2988686 | ProgramServices |
| Management And General | 295388 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 313777 | Total |
| Program Services | 11334 | ProgramServices |
| Management And General | 269100 | ManagementAndGeneral |
| Fundraising | 33343 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Student Meal Costs | 1027090 | 1027090 | |
| Library Collections | 442836 | 442836 | |
| Miscellaneous Other | 67005 | 40438 | 26567 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67788550 | Total |
| Program Services | 59510585 | ProgramServices |
| Management And General | 6790293 | ManagementAndGeneral |
| Fundraising | 1487672 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 489788 | BOY |
| EOY | 477511 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23476937 | BOY |
| EOY | 21345839 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11740197 | BOY |
| EOY | 14695298 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2770495 | BOY |
| EOY | 26561349 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7943990 | BOY |
| EOY | 8207939 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46012 | BOY |
| EOY | 64801 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 293759 | BOY |
| EOY | 131929 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 120176600 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 47036988 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74382898 | BOY |
| EOY | 73139612 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72063168 | BOY |
| EOY | 65756235 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 776089 | BOY |
| EOY | 800952 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4276780 | BOY |
| EOY | 4348334 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 198260113 | BOY |
| EOY | 215529799 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6027025 | BOY |
| EOY | 4711943 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154268 | BOY |
| EOY | 453276 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56005000 | BOY |
| EOY | 58640000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200000 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12920599 | BOY |
| EOY | 12342258 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75306892 | BOY |
| EOY | 76147477 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39180746 | BOY |
| EOY | 41856372 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13956702 | BOY |
| EOY | 26263299 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69815773 | BOY |
| EOY | 71262651 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122953221 | BOY |
| EOY | 139382322 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 198260113 | BOY |
| EOY | 215529799 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Funds Held | 1 | NumberFundsHeld |
| Contrib To Funds And Other Accounts | 500000 | ContribToFundsAndOtherAccounts |
| Grants Funds And Other Accounts | 29 | GrantsFundsAndOtherAccounts |
| Aggregate Fund Value | 508440 | AggregateFundValue |
| Disclosed Orgs Legal Control | 0 | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | 0 | DisclosedForCharitablePurposes |
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 722579 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 89083136 | BeginningOfYearBalance |
| Contributions | 6038079 | Contributions |
| Investment Earnings Or Losses | 12660647 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1345392 | GrantsOrScholarships |
| Other Expenditures | 3493964 | OtherExpenditures |
| End Of Year Balance | 102942506 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 124956518 | BeginningOfYearBalance |
| Contributions | 7156062 | Contributions |
| Investment Earnings Or Losses | -33237676 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1471230 | GrantsOrScholarships |
| Other Expenditures | 8320538 | OtherExpenditures |
| End Of Year Balance | 89083136 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.34730 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.65160 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00110 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1397634 | OtherCostOrOtherBasis |
| Book Value | 1397634 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 99892476 | OtherCostOrOtherBasis |
| Depreciation | 36644352 | Depreciation |
| Book Value | 63248124 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 75744 | OtherCostOrOtherBasis |
| Depreciation | 75744 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8887036 | OtherCostOrOtherBasis |
| Depreciation | 7067232 | Depreciation |
| Book Value | 1819804 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9923710 | OtherCostOrOtherBasis |
| Depreciation | 3249660 | Depreciation |
| Book Value | 6674050 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 73139612 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| STUDENT DEPOSITS | $443,181 |
| FUNDS HELD FOR OTHERS | $728,294 |
| REFUNDABLE LOAN FUNDS | $2,554,424 |
| ANNUITIES PAYABLE | $3,033,890 |
| DERIVATIVE LIABILITY | $5,582,469 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 12342258 | TotalOfAmounts |
| Total Revenue | 69561040 | TotalRevenue |
| Total Expenses | 67788550 | TotalExpenses |
| Excess Or Deficit For Year | 1772490 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 13022015 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | -27338 | PriorPeriodAdjustments |
| Other | $1,661,934 | OtherAmount |
| Total Adjustments | 14656611 | TotalAdjustments |
| Excess Or Deficit Per FS | 16429101 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 60802262 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 13022015 | NetUnrealizedGainsInvestments |
| Other Revenues | -21288626 | OtherRevenues |
| Revenue Not Rptd F990 | -8266611 | RevenueNotRptdF990 |
| Revenue Subtotal | 69068873 | RevenueSubtotal |
| Investment Expenses Not Included | 502289 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -10122 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 492167 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 69561040 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 46238483 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 10122 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 10122 | ExpensesNotRptdF990 |
| Expenses Subtotal | 46228361 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 502289 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 21057900 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 21560189 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 67788550 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Part III, Line 4: | The college maintains an anthropological museum and an art museum. The collections are displayed for public viewing. However, space limitations require that only portions of the collection are displayed at a given time. The collections and their preservation are used in the classroom setting for instructional purposes in areas of study such as anthropology, art and museum studies. | |
| Part V, Line 4: | The purpose of the college's endowment fund is to provide a continuous source of funding to support the mission of the institution. Endowment fund expenditures provide funding for scholarships, faculty salaries, library resources, and other program activities. | Description of Intended Use of Endowment Funds: |
| Part XI, Line 8 - Other Adjustments: | CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS: 513264. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS: 207451. Other Adjustments due to Bad Debts: 951441. SPECIAL EVENTS EXPENSE: -10222. | |
| Part XII, Line 2d - Other Adjustments: | STUDENT FINANCIAL AID: -21057900. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: 513264. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS: 207451. Other Adjustments due to Bad Debts: -951441. | |
| Part XII, Line 4b - Other Adjustments: | SPECIAL EVENTS EXPENSE: -10122. | |
| Part XIII, Line 2d - Other Adjustments: | SPECIAL EVENTS EXPENSE: 10122. | |
| Part XIII, Line 4b - Other Adjustments: | STUDENT FINANCIAL AID: 21057900. | |
| SCHEDULE D, PART X: ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 IN ACCORDANCE WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE COLLEGE ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COLLEGE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERIT OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE COLLEGE AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO SIGNIFICANT UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING FISCAL YEAR 2010. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE U.S. TAXING AUTHORITIES ARE FOR THE YEARS 2007 TO 2010, WHICH STATUTES EXPIRE IN 2010 TO 2012, RESPECTIVELY. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE STATE TAXING AUTHORITIES ARE FOR THE YEARS 2006 TO 2010, WHICH STATUTES EXPIRE IN 2010 TO 2013, RESPECTIVELY. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | Beloit college is a four year private liberal arts institution that draws students not only nation wide but world wide. Materials used in promotional activities and recruiting efforts include statements that Beloit college does not discriminate against students, applicants for admission, applicants for financial assistance, applicants for employment, or employees on the basis of sex, race, color, religion, national origin, ancestry, age, sexual orientation, or physical or mental disabilities unrelated to institutional jobs, programs, or activities. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | BELOIT COLLEGE DID RECEIVE FEDERAL FUNDS, WHICH WERE USED FOR STUDENT PROGRAMS/ENTITLEMENTS SUCH AS PELL GRANTS, SEOG GRANTS, AND WORKSTUDY PROGRAMS. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (7 entries)
| RegionRegion | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|
| South America | 0 | Abroad Student Support | Program Services | |
| South America | 2 | Student Research | Program Services | 15522 |
| Europe | 0 | Educational Services | Program Services | 125534 |
| Russia/Independent States | 1 | Abroad Student Support | Program Services | 3000 |
| Sub-Saharan Africa | 0 | Educational Services | Program Services | 34460 |
| Middle East and North Africa | 0 | Educational Services | Program Services | |
| East Asia and the Pacific | 0 | Educational Services | Program Services | 53265 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 3 | TotalNumberOfEmployees |
| Total Amount Spent | 231781 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (8 entries)
| RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|
| South America | 17 | 140655 | SEE PART VI |
| Europe/ Iceland/ Greenland | 57 | 507359 | SEE PART VI |
| Russia | 3 | 18650 | SEE PART VI |
| Sub-Saharan Africa | 7 | 63801 | SEE PART VI |
| Middle East / North Africa | 2 | 10250 | SEE PART VI |
| East Asia / Pacific | 28 | 264454 | SEE PART VI |
| South Asia | 5 | 45118 | SEE PART VI |
| Cent. America / Caribbean | 5 | 36737 | SEE PART VI |
Form990 Schedule F Part IV Form990ScheduleFPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants Outside the U.S.: | Identifier |
| Explanation | Schedule F, Part I, Line 2: Grant funds awarded in the form of student financial assistance is credited to their tuition account to assist in covering the cost of tuition. In cases where funds are spent away from campus, appropriate documentation is required to be submitted and approved to substantiate the expense. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Student Financial Assistance | TypeOfGrant |
| Number Of Recipients | 1250 | NumberOfRecipients |
| Amount Of Cash Grant | 19970875 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Grants are awarded in the form financial assistance towards the payment of tuition and fees in which case the grant amounts are applied directly to the student's account. Other grants are awarded for various reasons to students, faculty and staff for educational or work related activities. In these cases expense verification is required in the form of receipts and other appropriate documentation. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr H Scott Bierman | |||||||||||||
| 266250 | 0 | 0 | 0 | 0 | 0 | 26125 | 0 | 23461 | 0 | 315836 | 0 | 0 | 0 |
| Dr Ann Davies | |||||||||||||
| 135311 | 0 | 0 | 0 | 0 | 0 | 13469 | 0 | 4913 | 0 | 153693 | 0 | 0 | 0 |
| Ms Nancy Benedict | |||||||||||||
| 140862 | 0 | 0 | 0 | 0 | 0 | 14086 | 0 | 569 | 0 | 155517 | 0 | 0 | 0 |
| Mr John Nicholas | |||||||||||||
| 156492 | 0 | 0 | 0 | 15200 | 0 | 15649 | 0 | 10594 | 0 | 197935 | 0 | 0 | 0 |
| Mr Dick Niemiec | |||||||||||||
| 24333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1279 | 0 | 25612 | 0 | 0 | 0 |
| Mr Frank McGovern | |||||||||||||
| 106287 | 0 | 0 | 0 | 0 | 0 | 5061 | 0 | 4323 | 0 | 115671 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 1a | ReturnReference |
| Explanation | Travel for Companions Spousal travel is paid for by the College when the spouse assists the Beloit College employee with the College business activities in performing specific duties. The only such spousal travel paid for by the College was that of the President's spouse. All expenditures made by the College for travel of the spouse were attributable to specific duties in the furtherance of the mission of the College. Housing Allowance or Residence for Personal Use As a condition of employment, the President of Beloit College is required to reside in the President's house. The President's house serves both as a personal residence as well as a venue for the carrying on of College business regularly. 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 the fiscal year 2009-10, the residence was used for 1 month by former interim president Niemiec. The residence was then used by president Bierman for 11-months. Health or Social Club Dues or Initiation Fees The college pays dues to a country club for the President of the College and its Vice Presidents. These persons use the country club solely for College business and do not use the club for personal entertainment purposes. Examples of customary use of the country club include business lunches, the President's inauguration dinner, and trustee luncheons and dinners from time to time. Personal Services (e.g. Maid, Chauffer, Chef) The College pays for housekeeping services up to 5-hours per day at the College President's residence, the Presidents' house. The housekeeping services are paid for primarily in the interest of maintaining the College's facilities in presentable condition to facilitate the carrying on of College business at the residence. Personal benefits to the College President are incidental to the primary purpose of stewardship of the exempt organization's assets. Former Officer Compensation Richard Niemiec's position as Interim President of Beloit College ended on June 30, 2009 when he returned to his role as a trustee of the college. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| Wisc Health & Educational Facilities Authority | ||||||
| 391337855 | 97710BTF9 | 2010-04-28 | 28394743 | Refinance of | 1 | 1 |
| Wisc Health & Educational Facilities Authority | ||||||
| 391337855 | 97710BTF9 | 2010-04-28 | 28394743 | 2007 Series Bond | 1 | 1 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Amount DefeasedAmountDefeased | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|
| 28394742 | 26203048 | 400960 | 1790735 | 2010 | 1 | 0 | 1 | 1 |
| 30000000 | 29475000 | 525000 | 2010 | 1 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chase Bank | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 30.000000000000 | TermOfHedge |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule M IRS990ScheduleM
Securities Prtnrshp Trust Intrsts SecuritiesPrtnrshpTrustIntrsts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 47 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1202117 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | COST OR MARKET | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | MATCHING GIFT EQUIPMENT CREDITS | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 48113 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | OTHER | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Non Reporting of Revenue: | Identifier |
| Return Reference | Part I, Line 33: | ReturnReference |
| Explanation | The College, as a matter of accounting policy, does not record revenue for works of art added to its collections, as allowed under SFAS 116. Furthermore, items used as props in the College's theater program and used book donated to the College's library are not reported as revenue for financial statement purposes. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | Beloit College's form 990 was prepared by an independent certified public accounting firm. A draft of the form 990 was provided electronically to the Board of Trustees audit committee for review at the April Audit Committee meeting. The April meeting agenda included discussion of questions or concerns regarding the information contained in the form 990. Once all issues and questions regarding the return were resolved, the form 990 was finalized to incorporate any necessary changes. An updated version was provided electronically to the controller to distribute to the Audit Committee for additional matters to be addressed and resolved. The finalized version of Form 990 was filed with the IRS on or before the April 15th filing deadline. |
| Form 990, Part VI, Section B, line 12c | Trustees and officers are required to complete conflict of interest documents annually. |
| Form 990, Part VI, Section B, line 15 | The college participates annually in an officer compensation survey conducted by the Wisconsin Association of Independent Colleges and Universities (WAICU), as well as an annual administrative salary survery conducted by the Associated Colleges of the Midwest (ACM). In 2009, independent comparability data from the WAICU and ACM salary surverys were utilized as part of the process undertaken to determine the total compensation of the college president and its academic dean. |
| Form 990, Part VI, Section C, line 19 | No documents available to public. |
| Form 990, Part I, Line 1: | The primary aim of Beloit College is to provide a learning and living environment dedicated to the cultivation of liberally educated persons. For more than 150 years, the college's goals have remained constant: to provide students with a broad grounding in fact; the experience of mastering an area of knowledge; the ability and inclination to integrate, assimilate, and evaluate; a continuing concern for values; enthusiasm for personal creativity; an aesthetic sensibility; a global perspective, and most importantly, the desire to continue learning. Related to these goals are several major commitments that have long helped to guide the operation of Beloit College: a dedication to the pursuit of excellence; a dedication to free inquiry and commitment as exemplified by the college's own traditions; an integrity of purpose and performance steadfast against expediency or exploitation; a spirit of tolerance that will perpetuate freedom, whether of work, worship, speech, press, or academic research; the concept of government by consent of the governed, constitutionally expressed; the ideal of a progressive social order based upon equal opportunity and equal justice under the law. |
| Form 990, Part III, Line 1: | The primary aim of Beloit College is to provide a learning and living environment dedicated to the cultivation of liberally educated persons. For more than 150 years, the college's goals have remained constant: to provide students with a broad grounding in fact; the experience of mastering an area of knowledge; the ability and inclination to integrate, assimilate, and evaluate; a continuing concern for values; enthusiasm for personal creativity; an aesthetic sensibility; a global perspective, and most importantly, the desire to continue learning. Related to these goals are several major commitments that have long helped to guide the operation of Beloit College: a dedication to the pursuit of excellence; a dedication to free inquiry and commitment as exemplified by the college's own traditions; an integrity of purpose and performance steadfast against expediency or exploitation; a spirit of tolerance that will perpetuate freedom, whether of work, worship, speech, press, or academic research; the concept of government by consent of the governed, constitutionally expressed; the ideal of a progressive social order based upon equal opportunity and equal justice under the law. |
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