THE TRUSTEES OF GRINNELL COLLEGE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- THE TRUSTEES OF GRINNELL COLLEGE (EIN 42-0680387)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-11
- IRS object ID
- 201131319349302243
- 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 L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-11T16:09:39-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 SOUTH SIXTH STREET | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 554021538 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420680387 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Trustees of Grinnell College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TRUS | NameControl |
| Phone | 6412693500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 733 Broad Street Accounting | AddressLine1 |
| City | Grinnell | City |
| State | IA | State |
| ZIP Code | 501121690 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID CLAY | Name |
| Title | Treasurer | Title |
| Phone | 6412693500 | Phone |
| Date Signed | 2011-05-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6123974000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grinnell College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | David Clay | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 733 Broad Street | AddressLine1 |
| City | Grinnell | City |
| State | IA | State |
| ZIP Code | 501121690 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 427931438 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.grinnell.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1846 | YearFormation |
| State Legal Domicile | IA | StateLegalDomicile |
| Activity Or Mission Description | To educate students in the liberal arts through free inquiry and the open exchange of ideas | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 25 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2493 | TotalNbrEmployees |
| Total Nbr Volunteers | 599 | TotalNbrVolunteers |
| Total Gross UBI | 37415 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -204779 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 8321422 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 25922266 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 67873770 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 70974671 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -106538056 | InvestmentIncomePriorYear |
| Investment Income Current Year | 24532813 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3079807 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2371784 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | -27263057 | TotalRevenuePriorYear |
| Total Revenue Current Year | 123801534 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 31983387 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 34332679 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 53630306 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 52873209 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3958258 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 39880869 | OtherExpensePriorYear |
| Other Expenses Current Year | 36576518 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 125494562 | TotalExpensesPriorYear |
| Total Expenses Current Year | 123782406 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -152757619 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 19128 | RevenuesLessExpensesCY |
| Total Assets BOY | 1449818886 | TotalAssetsBOY |
| Total Assets EOY | 1588535603 | TotalAssetsEOY |
| Total Liabilities BOY | 146697565 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 169538962 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1303121321 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1418996641 | NetAssetsOrFundBalancesEOY |
| Mission Description | When Grinnell College framed its charter in the Iowa Territory of the United States in 1846, it set forth a mission to educate its students "for the different professions and for the honorable discharge of the duties of life." | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 67103576 | Expense |
| Grants | 33551627 | Grants |
| Revenue | 56975416 | Revenue |
| Description | Instructional Programs-Humanities, Sciences, Social Studies and special programs including international education. The six-year graduation rate is 88% with a 1:9 faculty to student ratio. Grinnell College has approximately 1600 students generally from all states and about 50 other countries. Distinguished programs include the Center for Prairie Studies, Center for the Humanities, Center for International Studies, Noun Program in Women's Studies, Peace Studies Program, Rosenfield Public Affairs Program, and the Donald L. Wilson Program in Enterprise and Leadership.See continuation on Schedule O.The College pursues its mission by educating young men and women in the liberal arts through free inquiry and the open exchange of ideas. As a teaching and learning community, the College holds that knowledge is a good to be pursued both for its own sake and for the intellectual, moral, and physical well-being of individuals and society at large. The College exists to provide a lively academic community of students and teachers of high scholarly qualifications from diverse social and cultural circumstances. The College aims to graduate women and men who can think clearly, who can speak and write persuasively and even eloquently, who can evaluate critically both their own and other's ideas, who can acquire new knowledge, and who are prepared in life and work to use their knowledge and their abilities to serve the common good. At the center of a Grinnell education is intensive mentoring of students by the faculty. This mentoring begins in the First-Year Tutorial, the only required course at Grinnell College. While faculty members from all academic departments teach the tutorial and their topics vary widely, every tutorial emphasizes writing, critical thinking and analysis, oral discussion skills, and information literacy. Each tutor also serves as advisor to the tutorial students until they declare a major field of study. Thus, students receive guidance from an instructor with personal knowledge of their academic interests, aptitudes, and needs. The tutorial is usually limited to 12 students, making it smaller than the average class, though similar in intensity to the rest of the curriculum. In keeping with the mentoring approach, Grinnell classes generally are small, with an average enrollment of 16 and fewer than 9 percent of classes above 30 students. Many academic programs offer a Mentored Advanced Project (MAP) either as independent study or in the context of a seminar. The MAP, closely guided by a faculty director, gives upper-level students the opportunity to culminate a sequence of academic work by competing on advanced projects in research or creative arts. At all levels of the curriculum, Grinnell College students receive an education rooted in active experience. For example, students in science classes engage in discovery-based learning, even at the introductory level. Each area of the fine arts offers opportunities for creative practice alongside the study of history, theory, and formal analysis. Outside the classroom, the Career Development office has coordinated more than 400 College-funded summer internships for students over the past five years. About one-third of students participate in intercollegiate athletics through membership on varsity teams. Residence life, another important feature of the Grinnell College education, teaches students the pragmatic socials skills of self-governance as they live together in a community. The College offers a calendar packed with cultural events and activities, including concerts, lectures, theatre, films and opportunity for volunteer and civic involvement. Grinnell College has never had fraternities or sororities; social events are open to all members of the College. Grinnell College's emphasis on active learning extends to participation in the global community. With international students making up about 10 percent of the student body and domestic students representing every state, Grinnell College offers a geographically and culturally diverse environment for living and learning. A flourishing Center for International Studies coordinates and highlights the many courses and programs at Grinnell College with a global perspective. Even without a language requirement, nearly all students elect to study a foreign language. Roughly half of Grinnell College students spend a semester in Off-Campus Study. Nearly all of these students decide to live and study in an academic program outside the United States. Above all, Grinnell College entrusts students with an uncommon level of responsibility for their own college experience. Just as self-governance is central to residential life at the College, the freedom of each student to choose a unique set of courses is central to the way Grinnell College organizes its curriculum. Students exercise this responsibility not in isolation, but with the active guidance of their faculty advisors and other faculty mentors. Intensive teaching, active learning, residence in a community of cultural and global diversity, and self-governance in both social and academic life-these elements come together at Grinnell College to form a distinctive experience of liberal education. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 15988015 | Expense |
| Grants | 343644 | Grants |
| Revenue | 1035852 | Revenue |
| Description | Student Services-Registration, Counseling, Admission and Financial Aid, Health Services, Intercollegiate Athletics, Lectures, Convocations and other student programs | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 17078251 | Expense |
| Grants | 437408 | Grants |
| Description | Academic and Institutional Support-Library, Faculty Development, Computer Services, Public Relations, Printing Services, Mail Services, and other expenditures to support the activities of the College | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 14001796 | Expense |
| Revenue | 12963403 | Revenue |
| Description | Other program services include auxiliary enterprises such as housing and food services. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 14001796 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 12963403 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 114171638 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 1 | 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 | 1 | 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 | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | 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 | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2251 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 2493 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 25 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | 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 | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | David Clay | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6412693500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 733 Broad Street | AddressLine1 |
| City | Grinnell | City |
| State | IA | State |
| ZIP Code | 501121690 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (58 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Trish Fitzgibbons Anderson | |||||||||
| Trustee | 3.00 | X | 0 | 0 | 0 | ||||
| Robert F Austin | |||||||||
| Trustee | 3.00 | X | 0 | 0 | 0 | ||||
| Elizabeth Ballantine | |||||||||
| Life Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| J Robert Barr | |||||||||
| Life Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| David B Braman | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Nordahl L Brue | |||||||||
| Life Trustee | 3.00 | X | 0 | 0 | 0 | ||||
| Robert A Burnett | |||||||||
| Life Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Thomas R Cech | |||||||||
| Trustee | 0.00 | X | 0 | 0 | 0 | ||||
| Henry Cornell | |||||||||
| Trustee | 0.00 | X | 0 | 0 | 0 | ||||
| Dr John F Egan | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Laura M Ferguson | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Patricia Finkelman | |||||||||
| Trustee & Vice Chair | 3.00 | X | 0 | 0 | 0 | X | |||
| Harold W Fuson Jr | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| I Craig Henderson | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Steve Holtze | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Kihwan Kim | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Clinton D Korver | |||||||||
| Trustee & Vice Chair | 3.00 | X | 0 | 0 | 0 | X | |||
| Todd C Linden | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Caroline H Little | |||||||||
| Trustee | 3.00 | X | 0 | 0 | 0 | ||||
| Fred A Little | |||||||||
| Life Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| James H Lowry | |||||||||
| Life Trustee | 0.00 | X | 0 | 0 | 0 | ||||
| Charles T Manatt | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Paul A McCulley | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Susan Holden McCurry | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Dr Randall Morgan Jr | |||||||||
| Life Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Robert C Musser | |||||||||
| Life Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Gregg Narber | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| John R Price | |||||||||
| Life Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Paul G Risser | |||||||||
| Trustee | 3.00 | X | 0 | 0 | 0 | ||||
| Ronald B H Sandler | |||||||||
| Life Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Karen E Shaff | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Joel R Spiegel | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| M Anne Spence | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Lonabelle Spencer | |||||||||
| Life Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Donald M Stewart | |||||||||
| Life Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Barrett W Thomas | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Eric E Whitaker | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| David P White | |||||||||
| Trustee & Chair | 2.00 | X | 0 | 0 | 0 | X | |||
| Henry T Wingate | |||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||||
| Russell K Osgood | |||||||||
| President | 60.00 | 517058 | 0 | 73595 | X | ||||
| David S Clay | |||||||||
| Treasurer | 60.00 | 588328 | 0 | 39915 | X | ||||
| Susan M Schoen | |||||||||
| Secretary | 50.00 | 87230 | 0 | 21931 | X | ||||
| Christopher S Allen | |||||||||
| Dean of Admission and Fin Aid | 50.00 | 176492 | 0 | 24140 | X | ||||
| John W Kalkbrenner | |||||||||
| VP College Services | 50.00 | 157186 | 0 | 33819 | X | ||||
| Michael J Munley | |||||||||
| VP College & Alumni | 50.00 | 203382 | 0 | 40037 | X | ||||
| Marci J Sortor | |||||||||
| VP Inst. Planning | 50.00 | 152200 | 0 | 33237 | X | ||||
| Karen L Voss | |||||||||
| VP Finance Assoc. Treas. | 50.00 | 164875 | 0 | 32416 | X | ||||
| Paula V Smith | |||||||||
| VP Acad Affairs & Dean | 60.00 | 189402 | 0 | 64547 | X | ||||
| John H Mutti | |||||||||
| Professor of Economics | 50.00 | 187471 | 0 | 33585 | X | ||||
| Jennifer E Michaels | |||||||||
| Prof-German & Humanities | 50.00 | 153785 | 0 | 20805 | X | ||||
| Houston W Dougharty | |||||||||
| VP Student Affairs | 50.00 | 148604 | 0 | 33949 | X | ||||
| Henry Walker | |||||||||
| Prof of Computer Science | 50.00 | 141981 | 0 | 27640 | X | ||||
| Henry W Moyer | |||||||||
| Prof Political Science | 50.00 | 140154 | 0 | 28477 | X | ||||
| Robert D Grey | |||||||||
| Prof of Political Science | 50.00 | 0 | 0 | 0 | X | ||||
| Jennifer E Michaels | |||||||||
| Prof of German and Humanit. | 50.00 | 0 | 0 | 0 | X | ||||
| John H Mutti | |||||||||
| Prof of Economics | 50.00 | 0 | 0 | 0 | X | ||||
| Henry Walker | |||||||||
| Prof of Computer Science | 50.00 | 0 | 0 | 0 | X | ||||
| James Swartz | |||||||||
| Professor of Chemistry | 50.00 | 177115 | 0 | 31441 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3185263 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 539534 | TotalOtherCompensation |
| Number Individuals GT100 K | 52 | 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 |
|---|---|---|---|---|---|
| Southeastern Asset Management | |||||
| 6410 Poplar Avenue | Memphis | TN | 38119 | Investment Manager | 1808875 |
| Neuberger Berman LLC | |||||
| 605 Third Avenue 36th Floor | New York | NY | 10158 | Investment Manager | 987825 |
| Third Avenue Management LLC | |||||
| 622 Third Avenue 32nd Floor | New York | NY | 10017 | Investment Manager | 857273 |
| Neumann Brothers Inc | |||||
| 1435 Ohio Street | Des Moines | IA | 50305 | Construction Contractor | 709649 |
| Sasaki Associates Inc | |||||
| 64 Pleasant Street | Watertown | MA | 02472 | Architecture | 648898 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 14 | NumberOfContractorsGT100K |
| Government Grants | 2341421 | GovernmentGrants |
| All Other Contributions | 23580845 | AllOtherContributions |
| Noncash Contributions | 7176585 | NoncashContributions |
| Total Contributions | 25922266 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| Tuition and Fees | 900099 | 56900558 | 56900558 | |
| Auxiliary Services | 900099 | 12822060 | $12,822,060 | |
| Fees, Sources and Fine | 900099 | 1035852 | $1,035,852 | |
| Alumni Fees | 900099 | 141343 | $141,343 | |
| Indirect Cost Recovery | 900099 | 66571 | $66,571 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8287 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8287 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 70974671 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14336855 | TotalRevenueColumn |
| Unrelated Business Revenue | 37415 | UnrelatedBusinessRevenue |
| Exclusion | $14,299,440 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 372844 | TotalRevenueColumn |
| Exclusion | $372,844 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2382625 | TotalRevenueColumn |
| Exclusion | $2,382,625 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 67358 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 87749 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -20391 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -20391 | TotalRevenueColumn |
| Exclusion | -$20,391 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 313865269 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 303942877 | Securities |
| Other | 99278 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9922392 | Securities |
| Other | -99278 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9823114 | TotalRevenueColumn |
| Exclusion | $9,823,114 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Other | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 9550 | TotalRevenueColumn |
| Exclusion | $9,550 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 9550 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 123801534 | TotalRevenueColumn |
| Related Or Exempt Function Income | 56908845 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 37415 | UnrelatedBusinessRevenue |
| Exclusion | $40,933,008 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 262978 | Total |
| Program Services | 262978 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29685041 | Total |
| Program Services | 29685041 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4384660 | Total |
| Program Services | 4384660 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1916840 | Total |
| Program Services | 200401 | ProgramServices |
| Management And General | 1151709 | ManagementAndGeneral |
| Fundraising | 564730 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1034853 | Total |
| Program Services | 743113 | ProgramServices |
| Management And General | 291740 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36839999 | Total |
| Program Services | 33852491 | ProgramServices |
| Management And General | 1474361 | ManagementAndGeneral |
| Fundraising | 1513147 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3301388 | Total |
| Program Services | 2984922 | ProgramServices |
| Management And General | 178414 | ManagementAndGeneral |
| Fundraising | 138052 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7079181 | Total |
| Program Services | 6317963 | ProgramServices |
| Management And General | 419967 | ManagementAndGeneral |
| Fundraising | 341251 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2700948 | Total |
| Program Services | 2398653 | ProgramServices |
| Management And General | 175956 | ManagementAndGeneral |
| Fundraising | 126339 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99911 | Total |
| Program Services | 20471 | ProgramServices |
| Management And General | 79440 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 122547 | Total |
| Management And General | 122547 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89827 | Total |
| Management And General | 89827 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1672595 | Total |
| Program Services | 1415383 | ProgramServices |
| Management And General | 228874 | ManagementAndGeneral |
| Fundraising | 28338 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168950 | Total |
| Program Services | 116715 | ProgramServices |
| Management And General | 48975 | ManagementAndGeneral |
| Fundraising | 3260 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6263380 | Total |
| Program Services | 5699657 | ProgramServices |
| Management And General | 129185 | ManagementAndGeneral |
| Fundraising | 434538 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1343515 | Total |
| Program Services | 1136242 | ProgramServices |
| Management And General | 188434 | ManagementAndGeneral |
| Fundraising | 18839 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49407 | Total |
| Program Services | 49407 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4561173 | Total |
| Program Services | 4473804 | ProgramServices |
| Management And General | 63691 | ManagementAndGeneral |
| Fundraising | 23678 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2334017 | Total |
| Program Services | 1652429 | ProgramServices |
| Management And General | 275398 | ManagementAndGeneral |
| Fundraising | 406190 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 971917 | Total |
| Program Services | 634024 | ProgramServices |
| Management And General | 128745 | ManagementAndGeneral |
| Fundraising | 209148 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1264369 | Total |
| Program Services | 1264369 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10338759 | Total |
| Program Services | 9956822 | ProgramServices |
| Management And General | 278425 | ManagementAndGeneral |
| Fundraising | 103512 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 384023 | Total |
| Program Services | 384023 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Dining Prog. Food Costs | 2420569 | 2420569 | 0 | 0 |
| Off-Campus Program Cost | 2120805 | 2120805 | ||
| Special Programs | 646139 | 522806 | 117225 | 6108 |
| UBIT | 174492 | 0 | 174492 | 0 |
| 0 | 0 | 0 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1550123 | Total |
| Program Services | 1473890 | ProgramServices |
| Management And General | 35105 | ManagementAndGeneral |
| Fundraising | 41128 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 123782406 | Total |
| Program Services | 114171638 | ProgramServices |
| Management And General | 5652510 | ManagementAndGeneral |
| Fundraising | 3958258 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1306386 | BOY |
| EOY | 1937029 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 407984 | BOY |
| EOY | 751470 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8869 | BOY |
| EOY | 13803 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 869131 | BOY |
| EOY | 982455 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2082370 | BOY |
| EOY | 2398805 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 395848163 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 131343920 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 240445466 | BOY |
| EOY | 264504243 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 611701715 | BOY |
| EOY | 673532374 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 585110182 | BOY |
| EOY | 636286768 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7886783 | BOY |
| EOY | 8128656 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1449818886 | BOY |
| EOY | 1588535603 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21824433 | BOY |
| EOY | 26998017 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2000609 | BOY |
| EOY | 1675432 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 110000000 | BOY |
| EOY | 125581589 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5093544 | BOY |
| EOY | 4331575 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7778979 | BOY |
| EOY | 10952349 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 146697565 | BOY |
| EOY | 169538962 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 946655236 | BOY |
| EOY | 1025490798 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 267861588 | BOY |
| EOY | 300584071 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88604497 | BOY |
| EOY | 92921772 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1303121321 | BOY |
| EOY | 1418996641 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1449818886 | BOY |
| EOY | 1588535603 | 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
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 75754 | RevenuesIncluded |
| Assets In Part X | 4886604 | 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 |
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1076249574 | BeginningOfYearBalance |
| Contributions | 3511206 | Contributions |
| Investment Earnings Or Losses | 142705567 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 12540202 | GrantsOrScholarships |
| Other Expenditures | 28340798 | OtherExpenditures |
| End Of Year Balance | 1181585347 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1472448380 | BeginningOfYearBalance |
| Contributions | 1368843 | Contributions |
| Investment Earnings Or Losses | -354534649 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 12468036 | GrantsOrScholarships |
| Other Expenditures | 30564964 | OtherExpenditures |
| End Of Year Balance | 1076249574 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.68000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.32000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 175100 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 2710092 | OtherCostOrOtherBasis |
| Book Value | 2885192 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 525000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 256304027 | OtherCostOrOtherBasis |
| Depreciation | 81551892 | Depreciation |
| Book Value | 175277135 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 63409896 | OtherCostOrOtherBasis |
| Depreciation | 45431192 | Depreciation |
| Book Value | 17978704 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 53939 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 72670109 | OtherCostOrOtherBasis |
| Depreciation | 4360836 | Depreciation |
| Book Value | 68363212 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 264504243 | TotalOfBookValueLandBuildings |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 368111 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Marketable Alternatives | 213684855 | F |
| Non-Marketable Alternatives | 420782412 | F |
| Other | 1451390 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 636286768 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Annuities Payable | Description |
| Amount | $10,952,349 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10952349 | TotalOfAmounts |
| Total Revenue | 123801534 | TotalRevenue |
| Total Expenses | 123782406 | TotalExpenses |
| Excess Or Deficit For Year | 19128 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 123343826 | NetUnrealizedGLOnInvestments |
| Other | -$7,487,634 | OtherAmount |
| Total Adjustments | 115856192 | TotalAdjustments |
| Excess Or Deficit Per FS | 115875320 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 213844304 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 123343826 | NetUnrealizedGainsInvestments |
| Other Revenues | -33345618 | OtherRevenues |
| Revenue Not Rptd F990 | 89998208 | RevenueNotRptdF990 |
| Revenue Subtotal | 123846096 | RevenueSubtotal |
| Other Revenues Not Included | -44562 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -44562 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 123801534 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 97968984 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 7542972 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 7542972 | ExpensesNotRptdF990 |
| Expenses Subtotal | 90426012 | ExpensesSubtotal |
| Other Expenses Not Included | 33356394 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 33356394 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 123782406 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Part III, Line 4: | The focus of the Grinnell College art collection is works on paper of all types though it is not exclusively a works on paper collection. The Faulconer Gallery and its art collection promote learning through artistic excellence and creative collaboration. Goals of the Gallery include developing collections that directly support exhibitions, teaching, and research and to provide a variety of learning opportunities with art as the primary source using the collection as a dynamic part of the learning process and across the curriculum, facilitating the integration of the gallery and its resources in the classroom and in research. | |
| Part IV, Line 2b: | Grinnell College classifies on Form 990, Part X, Line 21, amounts held for Perkins loans payable, funds held in trust for others related to annuities and student group/other group agency accounts. | |
| Part V, Line 4: | The intended use of the Grinnell College endowment is to provide predictable and stable support for the College's mission as a fine liberal arts college. | Description of Intended Use of Endowment Funds: |
| Part X: | The College has a tax determination letter from the IRS stating that it qualifies under the provisions of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes. Note that the College adopted FIN 48 during the year ended June 30, 2008 and the impact of adoption was immaterial to the financial statements. | Description of Uncertain Tax Positions Under FIN 48: |
| Part XI Line 8- Change in accumulated post retirement benefit obligation $(3,753,842),change in value of split-interest agreements $(3,744,568) and change in cash surrender value of life insurance $10,776. Part XII Line 2D- Grants and Scholarships $(33,181,902), Unrelated Business Income Tax $(174,492) and Change in cash surrender value of life insurance $10,776. Part XII Line 4B- Loss on property $(99,278), alumni fees $141,343 and rental expenses $(86,627). Part XIII Line 2D- Loss on property $99,278, alumni fees $(141,343), rental expenses $86,627, change in accumulated post retirement benefit obligation $3,753,842 and change in value of split-interest agreements $3,744,568. Part XIII Line 4B- Grants and Scholarships $33,181,902 and Unrelated Business Income Tax $174,492. |
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 | Grinnell College draws students from around the world and throughout the U.S. and actively seeks to enroll a diverse student body. Domestic students of color currently make up more than 20% of the student body; international students more than 10%. The College's nondiscrimination statement is included in the academic course catalog, available in print to all parts of the general community the college serves, as well as on the colleges website (www.grinnell.edu). | 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 | Financial aid is received for Pell Grants, SEOG, work study and other grants for students. The College also receives funds for NSF grants. | 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 (24 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Total ExpendituresTotalExpenditures | Specific Services ProvidedSpecificServicesProvided | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees |
|---|---|---|---|---|---|
| Central America & the Caribbean | Grant making | 291946 | |||
| East Asia and the Pacific | Grant making | 1288197 | |||
| Europe (including Iceland & Greenland) | Grant making | 928241 | |||
| Middle East and North Africa | Grant making | 190104 | |||
| North America | Grant making | 154671 | |||
| Russia & the Newly Independent States | Grant making | 134166 | |||
| South America | Grant making | 220707 | |||
| South Asia | Grant making | 713784 | |||
| Sub-Saharan Africa | Grant Making | 462844 | |||
| Central America and the Caribbean | Program Service | 23690 | Academic/Education | ||
| East Asia and the Pacific | Program Service | 42133 | Academic/Education | ||
| Europe (including Iceland & Greenland) | Program Service | 511580 | Academic/Education | 1 | 8 |
| Middle East and North Africa | Program Service | 1663 | Academic/Education | ||
| North America | Program Service | 15488 | Academic/Education | ||
| South America | Program Service | 50709 | Academic/Education | ||
| South Asia | Program Service | 7475 | Academic/Education | ||
| Sub-Saharan Africa | Program Service | 8586 | Academic/Education | ||
| Russia & The Newly Independent States | Program Service | 5894 | Academic/Education | ||
| Central America and the Caribbean | Investments | 0 | |||
| East Asia and the Pacific | Investments | 0 | |||
| Europe (Including Iceland & Greenland) | Investments | 0 | |||
| Middle East and North Africa | Investments | 0 | |||
| North America | Investments | 0 | |||
| South America | Investments | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 8 | TotalNumberOfEmployees |
| Total Amount Spent | 5051878 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (26 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| Scholarship | Central America & the Caribbean | 9 | 284946 | Other |
| Scholarship | East Asia and the Pacific | 53 | 1231237 | Other |
| Scholarship | Europe (including Iceland & Greenland) | 26 | 910494 | Other |
| Scholarship | Middle East and North Africa | 4 | 185934 | Other |
| Scholarship | North America | 5 | 152621 | Other |
| Scholarship | Russia & the Newly Independent States | 4 | 132466 | Other |
| Scholarship | South America | 6 | 216542 | Other |
| Scholarship | South Asia | 28 | 694484 | Other |
| Scholarship | Sub-Saharan Africa | 16 | 447389 | Other |
| Prizes | North America | 1 | 350 | Check |
| Fellowships | South America | 1 | 1700 | Check |
| Fellowships | Middle East and North Africa | 1 | 1700 | Check |
| Fellowships | North America | 1 | 1700 | Check |
| Fellowships | East Asia and the Pacific | 16 | 35600 | Check |
| Fellowships | Europe (including Iceland & Greenland) | 3 | 8400 | Check |
| Fellowships | Russia & Independent States | 1 | 1700 | Check |
| Fellowships | South Asia | 4 | 8500 | Check |
| Fellowships | Sub-Saharan Africa | 1 | 3400 | Check |
| Internships | East Asia and the Pacific | 5 | 21360 | Check |
| Internship | South Asia | 3 | 10800 | Check |
| Internship | Europe (including Iceland & Greenland) | 3 | 9347 | Check |
| Internship | Central America & the Caribbean | 2 | 7000 | Check |
| Internship | South America | 1 | 2215 | Check |
| Internship | Sub-Saharan Africa | 3 | 12055 | Check |
| Internship | Middle East and North Africa | 1 | 2470 | Check |
| Prizes | South America | 1 | 250 | Check |
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: Scholarships and grants for students are applied directly to a student's Grinnell College account and applied to tuition, fees, room, and board. All financial aid is subject to revision based on fund availability, changes in family contribution and/or credit load. Satisfactory academic progress must be maintained according to standards prescribed by Grinnell College. Annual renewal of financial aid is continuous if institutional financial need remains, all required documents are completed by the published deadline and satisfactory academic progress is maintained consistent with Grinnell College policy. Students awarded other funds make various reports and presentations on their research or study as required based on individual requirements of the funding. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| Grinnell Newburg Community School District | |||||||
| Grinnell High School | Grinnell | IA | 50112 | 426036570 | Government Entity | 77150 | High School Science Building, New Horizons curriculum deveopment, Library books, Fine Arts |
| City of Grinnell | |||||||
| 927 4TH Avenue | Grinnell | IA | 50112 | 426004734 | Government Entity | 89000 | Public Safety Building, Fire Truck, Event Support |
| Grinnell Area Chamber of Commerce | |||||||
| 833 4TH Avenue | Grinnell | IA | 50112 | 420286455 | 501(C)(6) | 14000 | Mainstreet Makeover |
| Poweshiek Iowa Development | |||||||
| 927 4TH Avenue | Grinnell | IA | 50112 | 201423354 | 501(C)(3) | 25000 | Loan fund support |
| Artspot Productions | |||||||
| 6100 Canal Boulevard | New Orleans | LA | 70124 | 721499547 | 501(C)(3) | 12500 | Wall Award |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 4 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (5 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Scholarships | 1276 | 28925789 |
| Prizes | 80 | 66780 |
| Fellowships | 196 | 478935 |
| Awards | 2 | 12500 |
| Internships | 80 | 201037 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Other Information: | Identifier |
| Return Reference | Part IV: | ReturnReference |
| Explanation | Scholarships and grants for students are applied directly to a student's Grinnell College account and applied to tuition, fees, room and board. All financial aid is subject to revision based on fund availability, changes in family contribution and/or credit load. Satisfactory academic progress must be maintained according to standards prescribed by Grinnell College. Annual renewal of financial aid is continuous if institutional financial need remains, all required documents are completed by the published deadline and satisfactory academic progress is maintained consistent with Grinnell College policy. Students awarded other funds make various reports and presentations on their research or study as required based on individual requirements of the funding. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | 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 (14 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Russell K Osgood | |||||||||||||
| 453474 | 0 | 0 | 0 | 63584 | 0 | 24500 | 0 | 49095 | 0 | 590653 | 0 | 0 | 0 |
| David S Clay | |||||||||||||
| 503343 | 0 | 0 | 0 | 84985 | 0 | 24500 | 0 | 15415 | 0 | 628243 | 0 | 0 | 0 |
| Christopher S Allen | |||||||||||||
| 176209 | 0 | 0 | 0 | 283 | 0 | 17672 | 0 | 6468 | 0 | 200632 | 0 | 0 | 0 |
| John W Kalkbrenner | |||||||||||||
| 156829 | 0 | 0 | 0 | 357 | 0 | 16204 | 0 | 17615 | 0 | 191005 | 0 | 0 | 0 |
| Michael J Munley | |||||||||||||
| 202451 | 0 | 0 | 0 | 931 | 0 | 20884 | 0 | 19153 | 0 | 243419 | 0 | 0 | 0 |
| Marci J Sortor | |||||||||||||
| 151651 | 0 | 0 | 0 | 549 | 0 | 15684 | 0 | 17553 | 0 | 185437 | 0 | 0 | 0 |
| Karen L Voss | |||||||||||||
| 163823 | 0 | 0 | 0 | 1052 | 0 | 16925 | 0 | 15491 | 0 | 197291 | 0 | 0 | 0 |
| Paula V Smith | |||||||||||||
| 188979 | 0 | 0 | 0 | 423 | 0 | 19000 | 0 | 45547 | 0 | 253949 | 0 | 0 | 0 |
| John H Mutti | |||||||||||||
| 185610 | 0 | 0 | 0 | 1861 | 0 | 18992 | 0 | 14593 | 0 | 221056 | 0 | 0 | 0 |
| Jennifer E Michaels | |||||||||||||
| 150264 | 0 | 0 | 0 | 3521 | 0 | 15170 | 0 | 5635 | 0 | 174590 | 0 | 0 | 0 |
| Houston W Dougharty | |||||||||||||
| 140289 | 0 | 2500 | 0 | 5815 | 0 | 14950 | 0 | 18999 | 0 | 182553 | 0 | 0 | 0 |
| Henry Walker | |||||||||||||
| 140698 | 0 | 0 | 0 | 1283 | 0 | 14402 | 0 | 13238 | 0 | 169621 | 0 | 0 | 0 |
| Henry W Moyer | |||||||||||||
| 136273 | 0 | 0 | 0 | 3881 | 0 | 14080 | 0 | 14397 | 0 | 168631 | 0 | 0 | 0 |
| James Swartz | |||||||||||||
| 175940 | 0 | 0 | 0 | 1175 | 0 | 17903 | 0 | 13538 | 0 | 208556 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | The President is required to live in College owned housing. The College employs a housekeeper for this housing. The housing benefit is not taxable pursuant to IRC Section 119 as it is a condition of the President's employment at the College. |
| Part I, Line 4a | The College had an IRC Section 457(f) Bonus and Deferred Compensation Plan (the Plan). Listed persons Russell K. Osgood and David S. Clay participated in the Plan during FYE ending June 30, 2010. Contributions of $0 were made to the plan during the College's fiscal year ending June 30, 2010, and the Plan was terminated and paid out on September 10, 2009. Contributions to the plan were made solely by the respective employee; therefore, there was no additional expense to the College. |
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 |
|---|---|---|---|---|---|---|
| Iowa Higher Education Loan Authority | ||||||
| 421235696 | 462460E69 | 2008-06-26 | 60000000 | Facilities construction and improvements | 0 | 0 |
| Iowa Higher Education Loan Authority | ||||||
| 421235696 | 462460H74 | 2010-03-09 | 65994798 | Refund 12/13/2001 $50,000,000 bond issue & facilities construction & equip | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Amount DefeasedAmountDefeased | Amount UnspentAmountUnspent |
|---|---|---|---|---|---|---|---|---|
| 61414112 | 378597 | 61035515 | 0 | 0 | 0 | 1 | ||
| 66026410 | 404597 | 2231442 | 0 | 1 | 0 | 1 | 51433447 | 11956925 |
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 | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 1 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 1 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
Name Of Interested Business NameOfInterestedBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Scholarshipsgrants | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Of Grant | 57338 | AmountOfGrant |
Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Paul Tjossem | |||
| Family member of Paula Smith | 86850 | Wages | 0 |
| Goldman Sachs Capital Partners 2000 LP | |||
| Henry Cornell, Trustee of the College | 1874506 | Investment: Henry Cornell, a former Trustee of the College and former Chair of the Investment Committee, whose Board membership term ended in May 2010, is on the Investment Committee of GS Capital Partners 2000, L.P., an investment partnership in which the College owns an interest. The College has agreed to contribute capital (including management fees) in exchange for a partnership interest in GS Capital Partners 2000, L.P. The College also receives distributions as partnership investments mature. The opportunity to invest in GS Capital Partners 2000, L.P. was made available to a broad range of institutional investors. Capital contributions of $109,525 and distributions of $1,764,981 for the fiscal year. | 0 |
| Goldman Sachs Partners VI Parallel LP | |||
| Henry Cornell, Trustee of the College | 3000000 | Investment: Henry Cornell, a former Trustee of the College and former Chair of the Investment Committee, whose Board membership term ended in May 2010, is on the Investment Committee of GS Capital Partners VI Parallel, L.P., an investment partnership in which the College owns an interest. The College has agreed to contribute capital (including management fees) in exchange for a partnership interest in GS Capital Partners VI Parallel, L.P. The College also receives distributions as partnership investments mature. The opportunity to invest in GS Capital Partners VI Parallel L.P. was made available to a broad range of institutional investors. Capital contributions of $3,000,000 and distributions of $0 for the fiscal year. | 0 |
| PIMCO Short-Term Institutional Fund | |||
| Paul McCulley, Trustee of the College | 29000000 | Investment: Paul McCulley, a Trustee of the College and member of the Investment Committee, was the Portfolio Manager of the PIMCO Short-Term Institutional Fund (Retired December 2010), a mutual fund in which the College owns an interest. The opportunity to invest in the PIMCO Short-Term Institutional Fund was made available to a broad range of institutional investors. Purchases and redemptions totaled $21,050,000 and $7,950,000 for the fiscal year. The value of the investment on June 30, 2010 was $13,408,119. | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 24251 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Art Insurance Value | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 51503 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 27 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 7092746 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | NYSE Average High/Low | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | KINDLES | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 8085 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 5 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section A, line 1 | A Life Trustee will be permitted to vote on matters coming before a Board meeting only if the Life Trustee shall have attended at least two of the immediately preceding three regular meetings of the Board. No Life Trustee shall have the right to vote on proposed amendments to the Articles of Incorporation or By-Laws. The Board may from time to time, designate any regular member who has served as such for at least 12 years a Life Trustee. Life Trustees with no voting rights during 2010 and therefore not listed in Part VII are Richard Booth, Carolyn Swartz Bucksbaum, Warren Buffett, Vernon Faulconer, Ronald Gault, Patricia Meyer Papper, Penny Bender Sebring and Jesse Ternberg. |
| Form 990, Part VI, Section A, line 2 | Caroline Little and Fred Little have a family relationship. |
| Form 990, Part VI, Section B, line 11 | The 990 was made available for review to all Trustees and the President, Treasurer, and VP for Finance prior to the May 2011 Trustee meeting. The 990 was presented to and reviewed in detail by the Audit and Assessment Committee telephonically prior to the meeting and presented for approval to the full Board of Trustees. |
| Form 990, Part VI, Section B, line 12c | Officers and Trustees are required to report any conflicts of interest under the policies of the Trustees of Grinnell College. Any conflicts must be disclosed in writing before entering into the transaction to the Executive Committee of the Board of Trustees. A transaction may not be entered into until approved by a vote of at least two-thirds by the Executive Committee. The Executive Committee shall report to the Board of Trustees on all Conflict of Interest transactions considered by it at each meeting of the Board and, if requested by the Executive Committee, the Board shall consider whether to ratify the actions of the Executive Committee with respect to any such Conflict of Interest transaction. A Conflict of Interest transaction may only be ratified by the affirmative vote by at least two-thirds of the Trustees present and voting at a meeting of the Board duly called and held after the Executive Committee has received the disclosure. Each current member of the Board of Trustees and each Officer shall file a statement in July of each year with the Treasurer certifying that he or she has read, and is familiar with the terms of, this Conflict of Interest Policy, and either (a) setting forth and describing any possible conflicts of interest which may have arisen or occurred in the fiscal year of the College ending June 30, or which may be expected to arise or occur during the fiscal year beginning July 1, or (b) that he or she knows of no such possible conflict of interest. Key employees must annually complete the campus conflict of interest disclosure statement which is reviewed by a committee consisting of members from the Human Resources, Treasurer and Dean's offices, respectively. |
| Form 990, Part VI, Section B, line 15 | The College has a disqualified employee compensation review policy. The determination of who is classified as a disqualified employee at Grinnell College is determined by the level of each individual's involvement in the management and/or control of certain financial aspects of the College. Grinnell College will acquire and use sufficient data regarding comparable compensation packages to assist in establishing the compensation of disqualified employees. The proposed compensation for each disqualified person will be approved by a conflict-free decision-making body composed of members of the Grinnell College Board of Trustees. The decision-making body will receive a Rebuttable Presumption Summary for each individual at Grinnell College identified as a disqualified person. All relevant information will be documented regarding the actions of the decision-making body. This process was used for the following positions: President, Treasurer, Dean of Admission & Financial Aid, Vice-President for Diversity & Achievement, Vice-President for Student Affairs, Vice-President for College Services, Assistant Treasurer, Vice-President of College and Alumni Relations, Secretary, Dean of the College, former Dean of the College, former Dean of Admission & Financial Aid, Vice-President for Institutional Planning, Vice-President for Finance & Associate Treasurer, Director of Student Financial Aid and Director of Facilities Management. The last review was conducted for compensation effective July 1, 2010. |
| Form 990, Part VI, Section C, line 19 | The College makes its Articles of Incorporation, conflict of interest policy, financial statements and other key policies (Red Flag, Whistleblower, etc.) available to the public via its website-www.grinnell.edu. The By-Laws are authorized to be reviewed by the entire board, faculty, staff, students, and any other person upon request to the Chair of the Board. |
| Schedule K Supplental Information | Part I, Line B, col (f): The purpose of the bonds is to refund the $50,000,000 12/13/01 bond issue and facilities construction & equipment. Schedule K, Part II, Line 8, col A: The projects financed by the 2008 bond issue were substantially completed after the close of the reporting year. Schedule K, Part II, Line 12, col A & B: Final allocations for the 2008 and 2010 bond issues have not been made. The College will retain appropriate books and records when the final allocations are made. Schedule K, Part III: The projects financed by the 2008 and 2010 bond issues were not placed in service as of 6/30/10. Therefore, the measurement period for private business use had not begun as of the close of the fiscal year. |
| Form 990, Part V, Line 1a: The College filed 423 1099's and 1,828 1098-T's for a total of 2,251 | |
| Schedule M, Line 31- The College's policy on gift acceptance does not include a review of non-standard gifts as gifts that fit the definition of non-standard are not accepted by the College. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grinnell College Medical Benefit Plan Trust | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 733 Broad Street | AddressLine1 |
| City | Grinnell | City |
| State | IA | State |
| ZIP Code | 50112 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421371997 | EIN |
| Primary Activities | Health insurance for employees and retirees | PrimaryActivities |
| Legal Domicile State | IA | LegalDomicileState |
| Exempt Code Section | 501(c)(9) | ExemptCodeSection |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
Form990 Schedule R Part III Form990ScheduleRPartIII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Predominant Income TypePredominantIncomeType | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Disproportionate AllocationsDisproportionateAllocations | General Or Managing PartnerGeneralOrManagingPartner | Address Line1AddressForeign/AddressLine1 | CityAddressForeign/City | Province Or StateAddressForeign/ProvinceOrState | CountryAddressForeign/Country | Postal CodeAddressForeign/PostalCode | Legal Domicile Foreign CountryLegalDomicileForeignCountry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Red Rock Ventures III LP | ||||||||||||||||||
| 530 Lytton Ave 2nd floor | Palo Alto | CA | 94301 | 770549159 | Venture Capital | DE | N/A | Investment | -482995 | 1987177 | 0 | 0 | ||||||
| VARA Global Macro Master Fund Ltd | ||||||||||||||||||
| 980509440 | Securities Trading | N/A | Investment | -1441672 | 5962812 | 0 | 0 | Ugland House South Church Street | George Town | Cayman Islands | CJ | HM11 | CJ | |||||
| VARA Global Macro Fund Ltd | ||||||||||||||||||
| Securities Trading | N/A | Investment | -1469178 | 5970858 | 0 | 0 | Ugland House South Church Street | George Town | Cayman Islands | CJ | HM11 | CJ | ||||||
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Poweshiek Petroleum Corporation | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 733 Broad Street Accounting | AddressLine1 |
| City | Grinnell | City |
| State | IA | State |
| ZIP Code | 50112 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 730646866 | EIN |
| Primary Activity | Oil & Gas Production | PrimaryActivity |
| Legal Domicile State | IL | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 44168 | ShareOfTotalIncome |
| Share Of EOY Assets | 19861 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grinnell College Medical Benefit Plan Trust | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | Q | TransactionType |
| Amount Involved | 5522079 | AmountInvolved |
Comments