2026-04-14T17:57:49-05:00 2025-05-31 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2024-07-01 340714670 HIRAM COLLEGE HIRA 3305695005 PO BOX 1808 HIRAM OH 44234 TIMOTHY G NOVOTNY VP FOR BUSINESS&FINANCE/TREASURER 3305695005 2026-04-14 1 0 CHRISTOPHER B ANDERSON P00226559 2163630100 2024 2025-03-06 01:10:19Z TIMOTHY G NOVOTNY PO BOX 1808 HIRAM OH 44234 53033059 0 X WWW.HIRAM.EDU X 1850 OH THE MISSION OF HIRAM COLLEGE IS TO FOSTER INTELLECTUAL EXCELLENCE AND SOCIAL RESPONSIBILITY ENABLING OUR STUDENTS TO THRIVE IN THEIR CHOSEN CAREERS, FLOURISH IN LIFE, AND FACE THE URGENT CHALLENGES OF OUR TIMES. 32 31 794 50 100899 4506 11879544 6841782 26167618 29433760 3229382 2432055 915629 2491328 42192173 41198925 10237695 11160059 0 0 16379211 16464782 0 0 1073481 18772646 22548789 45389552 50173630 -3197379 -8974705 118725905 111505264 42320463 43461865 76405442 68043399 THE MISSION OF HIRAM COLLEGE IS TO FOSTER INTELLECTUAL EXCELLENCE AND SOCIAL RESPONSIBILITY ENABLING OUR STUDENTS TO THRIVE IN THEIR CHOSEN CAREERS, FLOURISH IN LIFE, AND FACE THE URGENT CHALLENGES OF OUR TIMES. 0 0 39914035 11160059 31824189 HIRAM COLLEGE CONTINUES TO PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION TO MORE THAN 900 TRADITIONAL AGED AND ADULT AGED STUDENTS. THE RIGOR OF THE ACADEMIC PROGRAM AND ITS SUPPORT SERVICES PROVIDE SUPPORT THE COLLEGE'S MISSION. THE COLLEGE MISSION BEING TO FOSTER INTELLECTUAL EXCELLENCE AND SOCIAL RESPONSIBILITY, ENABLING OUR STUDENTS TO THRIVE IN THEIR CHOSEN CAREERS, FLOURISH IN LIFE AND FACE THE URGENT CHALLENGES OF THE TIMES. 39914035 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1640 0 1 794 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 OH X TIMOTHY G NOVOTNY 3305695005 PO BOX 1808 HIRAM OH 44234 ALLEN WENDY '74 TRUSTEE 1.00 0.00 X 0 0 0 BATISKY DON '83 TRUSTEE 1.00 0.00 X 0 0 0 BISSELL WILLIAM TRUSTEE 1.00 0.00 X 0 0 0 BLAZY WARREN '00 TRUSTEE 1.00 0.00 X 0 0 0 BOHRER ROBERT PRESIDENT 40.00 0.00 X X 331041 0 16113 COLEMAN DAVID TRUSTEE 1.00 0.00 X 0 0 0 COLEMAN KATHY '87 TRUSTEE 1.00 0.00 X 0 0 0 DIX JANET TRUSTEE 1.00 0.00 X 0 0 0 FROHRING PAULA TRUSTEE 1.00 0.00 X 0 0 0 GIESEN RICHARD TRUSTEE 1.00 0.00 X 0 0 0 GRAHAM JAMES '88 TRUSTEE 1.00 0.00 X 0 0 0 GRUBER DOUGLAS '82 TRUSTEE 1.00 0.00 X 0 0 0 HIGHBAUGH CLAUDIA '72 TRUSTEE 1.00 0.00 X 0 0 0 JULIANO BETSY '84 VICE CHAIR OF THE BOARD 1.00 0.00 X 0 0 0 KAATZ DON '74 TRUSTEE 1.00 0.00 X 0 0 0 MACIAS VIVIANA '24 RECENT GRAD TRUSTEE 1.00 0.00 X 0 0 0 MALZ JIM '87 TRUSTEE 1.00 0.00 X 0 0 0 MARKS JASMINE '12 TRUSTEE 1.00 0.00 X 0 0 0 MCMAHON KEVIN '74 TRUSTEE 1.00 0.00 X 0 0 0 MONACHINO NICOLE '00 SECRETARY OF THE BOARD 1.00 0.00 X 0 0 0 PAYIAVLAS ANTHONY TRUSTEE 1.00 0.00 X 0 0 0 PENCE MIKE '91 TRUSTEE 1.00 0.00 X 0 0 0 ROGUSKI JOAN '77 TRUSTEE 1.00 0.00 X 0 0 0 SAUNDERS TREY '23 RECENT GRAD TRUSTEE 1.00 0.00 X 0 0 0 SHER ROBERT '72 TRUSTEE 1.00 0.00 X 0 0 0 SHYLO BRUCE '71 TRUSTEE 1.00 0.00 X 0 0 0 SINCLAIR RASHEEN '01 TRUSTEE 1.00 0.00 X 0 0 0 STREIDEL PERRY '75 TRUSTEE 1.00 0.00 X 0 0 0 THOMPSON DICK TRUSTEE 1.00 0.00 X 0 0 0 TURNER BOB '72 CHAIRMAN OF THE BOARD 1.00 0.00 X X 0 0 0 VISSER JOHN '74 TRUSTEE 1.00 0.00 X 0 0 0 WHITACRE PAUL '78 TRUSTEE 1.00 0.00 X 0 0 0 SIPPEL LEONARD C CFO&VP-BUSINESS & FINANCE 40.00 0.00 X 199358 0 4293 BLACKFORD MICHELLE R EXEC.DIR.CORP FUND/PRINCIPAL GIFTS 40.00 0.00 X 138177 0 211 SWENSON JEFFREY C INTERIM VP&DEAN OF COLLEGE 40.00 0.00 X 137214 0 32585 PAINLEY PEGGY A CHIEF OF STAFF&DEV.LIAISON 40.00 0.00 X 113596 0 23827 WILLAN JANA N ASSOCIATE VP-ENROLLMENT 40.00 0.00 X 111402 0 12966 GICHENKO GEORGIA A DIR.-BUDGET&BANNER FIN.SYS. 40.00 0.00 X 110145 0 9610 1140933 0 99605 8 0 1 0 ABM INDUSTRY GROUPS LLC PO BOX 74008829 CHICAGO IL 60674 MAINTENANCE 5402034 AVI FOODSYSTEMS INC 2590 ELM RD NE WARREN OH 44483 FOOD SERVICE 2360098 ELLUCIAN COMPANY LP 14327 COLLECTIONS CENTER DR CHICAGO IL 60693 I.T. SERVICE 1359351 EAB GLOBAL INC PO BOX 603519 STE 300 CHARLOTTE NC 28260 ADMISSIONS SERVICE 559077 RELLIMCO INC 9041 PIERCE RD STE 215 GARRETTSVILLE OH 44231 ROOFING CONTRACTOR 436755 16 549317 6292465 16766 6841782 TUITION 900099 21416734 21416734 DORMITORIES 721310 4561476 4561476 SEMESTER BOARD 611710 3152359 3152359 BOOKSTORE 900099 157880 157880 DINING SERVICES 451211 145311 49168 96143 29433760 1165014 1165014 13101175 11834134 1267041 1267041 1267041 OTHER REVENUE 900099 2491328 2486572 4756 2491328 41198925 31824189 100899 2432055 X 11160059 11160059 605003 121001 404003 79999 12773214 10351419 1808877 612918 177084 144910 23344 8830 2057275 1143942 855973 57360 852206 668758 141679 41769 46808 46808 107567 107567 38709 38709 7737708 6986707 660285 90716 647902 160139 485433 2330 3032952 974493 1959080 99379 872786 418318 447999 6469 2115808 2042202 72726 880 1046899 966929 50726 29244 574429 523399 20541 30489 1728517 1382814 345703 2663760 2131008 532752 758038 60396 697642 CAMPUS MAINTENANCE 467395 162538 304398 459 OTHER EXPENSES 295666 273930 21533 203 MEMBERSHIP&DUES 251147 116014 135079 54 HOSPITALITY 162698 125059 25257 12382 50173630 39914035 9186114 1073481 4060 -1241757 4495551 2087971 4887452 4584580 2995258 2783620 165249 160764 132538 123816 480836 556157 129096588 65687259 59120178 63409329 45324015 38069225 1120768 971559 118725905 111505264 6867906 9093956 321809 328676 21900667 21170667 2155352 1780811 11074729 11087755 42320463 43461865 X 869244 -12344321 75536198 80387720 76405442 68043399 118725905 111505264 X -8974705 250519 362143 X 0 1 X 1 1 1 X 11166716 14905870 6013989 11879544 6841782 50807901 11166716 14905870 6013989 11879544 6841782 50807901 50807901 2416803 1825227 2039242 1791604 1165014 9237890 60045791 140167151 0.84620 X ADDITIONAL INFORMATION REGARDING PART II: THE "2024" COLUMN IN PART II IS A SHORT-YEAR FROM JULY 1, 2024 TO MAY 31, 2025. THE COLLEGE CHANGED IT FISCAL YEAR TO THE YEAR ENDING MAY 31, WHICH NECESSITATED THE FILING OF A SHORT-YEAR FORM 990 FOR THE 11-MONTH PERIOD OF JULY 1, 2024 TO MAY 31, 2025. THE COLLEGE MADE THIS CHANGE IN ITS ACCOUNTING PERIOD UNDER THE PROVISIONS OF REVENUE PROCEDURE 85-58. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2 393.00 0 0 0 1 1 30.00 0 334640 X X X 0 55424015 454342 -32587174 2666000 1046096 19579087 51426718 2775504 4116750 2770304 124653 55424015 48334062 1470672 4147206 2041385 483837 51426718 60708025 2901993 -6562445 1563846 7149665 48334062 50829315 1129163 10732820 764014 1219259 60708025 0.00000 1.00000 0.00000 0 0 3363563 3363563 105985328 56848342 49136986 12019927 8838917 3181010 7727770 7727770 63409329 SUBORDINATED DEBT 7979629 FEDERAL PERKINS LOANS 724870 CUSTODIAL FUNDS 1301540 TRUSTS & ANNUITIES PAYABLE 588628 OPERATING LEASE LIABILITY 120395 FINANCING LEASE LIABILITY 372693 11087755 X 30717439 250519 428054 678573 30038866 11160059 11160059 41198925 39059475 45904 45904 39013571 11160059 11160059 50173630 PART II, LINE 5: ENFORCEMENT OF EASEMENTS - THE COLLEGE PERIODICALLY MONITORS THE REQUIREMENTS OF THE EASEMENTS. THIS MONITORING IS PERFORMED BY PROFESSIONAL BIOLOGISTS. PART II, LINE 9: REPORTING OF CONSERVATION EASEMENTS - THE COLLEGE DOES NOT BOOK REVENUE, EXPENSES, OR ASSETS IN ITS FINANCIAL STATEMENTS FOR ITS CONSERVATION EASEMENTS. PART III, LINE 4: DESCRIPTION OF THE COLLEGE'S COLLECTIONS - HIRAM COLLEGE RECEIVED WORKS OF ART WHICH ENHANCE THE COLLEGE'S ART PROGRAMS AS WELL AS BRINGING VISITORS TO CAMPUS. THE COLLECTION PROVIDES ADDITIONAL OPPORTUNITIES FOR STUDENTS AND STAFF TO INTERACT AND NETWORK WITH THE LARGER COMMUNITY. PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS - THE COLLEGE'S ENDOWMENTS SUPPORT SCHOLARSHIPS, ACADEMIC PROGRAMS, FACULTY SALARIES, AND THE OPERATING EXPENSES OF THE COLLEGE. PART X, LINE 2: FIN 48 (ASC 740 FOOTNOTE): INCOME TAXES - THE INTERNAL REVENUE SERVICE HAS DETERMINED THE COLLEGE TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PROPERTY MANAGEMENT (A RELATED ENTITY) IS EXEMPT FROM TAX UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE/LAW, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS TAXABLE INCOME, IF ANY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PRESCRIBE RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF A TAX POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IN A TAX EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT MAY 31, 2025. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST 374,717. REVALUATION OF UNITRUSTS & ANNUITIES -12,574. REVENUE OF SUBSIDIARY 65,911. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID WHICH WAS SHOWN ON FINANCIAL STATEMENTS AS A REDUCTION OF REVENUE BUT AS AN EXPENSE ON PART IX OF FORM 990 11,160,059. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF SUBSIDIARY 45,904. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID WHICH WAS SHOWN ON FINANCIAL STATEMENTS AS A REDUCTION OF REVENUE BUT AS AN EXPENSE ON PART IX OF FORM 990 11,160,059. PART V - ADDITIONAL INFORMATION ABOUT ENDOWMENT FUNDS: THE AMOUNT ON LINE 1C IN THE "CURRENT YEAR" COLUMN CONSISTS OF THE FOLLOWING: RESTATEMENT OF BEGINNING BALANCE AS PART OF THE CURRENT YEAR'S AUDIT PROCESS: ($24,000,000); INVESTMENT RETURN FOR THE CURRENT YEAR: $2,412,826; LOANS: ($11,000,000); TOTAL FOR LINE 1C: ($32,587,174). 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 HIRAM COLLEGE IS COMMITTED TO EQUALITY OF OPPORTUNITY AND DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, GENDER, SEXUAL ORIENTATION, AGE OR DISABILITY IN ITS EDUCATIONAL AND ADMISSION POLICIES, SCHOLARSHIPS AND LOAN PROGRAMS AND ATHLETIC OR OTHER SCHOOL ADMINISTERED PROGRAMS. THE COLLEGE WILL NOT TOLERATE HARASSMENT, PREJUDICE, ABUSE OR DISCRIMINATION BY ANY OF ITS STUDENTS, FACULTY AND/OR STAFF. SCHEDULE E, PART I, LINE 6 GOVERNMENT FINANCIAL AID - THE COLLEGE RECEIVES TITLE IV FUNDS FOR THE BENEFIT OF ITS STUDENTS. 1 SCHOLARSHIPS 676 11160059 0 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - THE COLLEGE ENSURES THAT ITS SCHOLARSHIPS AND OTHER FINANCIAL AID ARE SPENT FOR THE INTENDED PURPOSES BY CREDITING THE AMOUNTS DIRECTLY TO THE STUDENTS' ACCOUNTS. X 1 1 X X 0 0 0 0 0 0 0 0 0 BOHRER ROBERT PRESIDENT 295869 0 25000 0 10172 0 0 0 16113 0 347154 0 0 0 SIPPEL LEONARD C CFO&VP-BUSINESS & FINANCE 198740 0 0 0 618 0 2333 0 1960 0 203651 0 0 0 SWENSON JEFFREY C INTERIM VP&DEAN OF COLLEGE 137154 0 0 0 60 0 4374 0 28211 0 169799 0 0 0 PART I, LINE 1A BENEFITS PROVIDED TO CERTAIN EMPLOYEES - HIRAM COLLEGE PROVIDES HOUSING FOR THE PRESIDENT FOR ENTERTAINING, MEETINGS, AND CONDUCTING BUSINESS ON BEHALF OF THE COLLEGE. THE PRESIDENT IS ALSO PROVIDED USE OF A COLLEGE VEHICLE. A OHIO HIGHER EDUCATION FACILITIES COMMISSION 346849674 2015-10-21 26610000 CONSTRUCTION, RENOVATION, SOFTWARE 0 1 1 A 4709333 26610000 702274 25907726 2015 1 0 1 1 A 0 1 0 0 0.02090 0.02090 0 0 1 A 1 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 - FORM 990 AND SUPPORTING SCHEDULES ARE REVIEWED BY THE VP FOR BUSINESS AND FINANCE AND THE PRESIDENT, AND A PUBLIC DISCLOSURE COPY OF THE FORM 990 AND SUPPORTING SCHEDULES ARE REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 PROVIDED TO GOVERNING BODY - THE COLLEGE HAS DISTRIBUTED FORM 990 TO THE FULL BOARD OF TRUSTEES WITH THE EXCEPTION OF DONOR INFORMATION ON SCHEDULE B BECAUSE OF SCHEDULE B'S PRIVATE AND CONFIDENTIAL NATURE. AS SUCH, WE ARE REQUIRED TO ANSWER "NO" TO THE QUESTION ON LINE 11A EVEN THOUGH A COPY OF FORM 990 (WITH REDACTED DONOR INFORMATION ON SCHEDULE B) WAS PROVIDED TO THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - ANNUAL CONFLICT OF INTEREST STATEMENTS ARE REQUIRED OF THE BOARD OF TRUSTEES. THE COMPLETED FORMS ARE RETURNED AND MONITORED BY PERSONNEL IN THE PRESIDENT'S OFFICE. IF A CONFLICT ARISES, THE PERSON IS NOT PERMITTED TO VOTE ON THE PROPOSED TRANSACTION. TRUSTEES WHO ARE INDEPENDENT OF THE INDIVIDUAL MAKE THE DECISION ON THE TRANSACTION THAT IS IN THE BEST INTERESTS OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 15 REVIEW AND APPROVAL OF COMPENSATION - THE CHAIR OF THE BOARD ALONG WITH THE VICE CHAIR AND OTHERS ANNUALLY REVIEW THE COMPENSATION AND PERFORMANCE OF THE PRESIDENT. THESE INDIVIDUALS ARE INDEPENDENT OF THE PRESIDENT. THE DELIBERATIONS AND DECISIONS ABOUT COMPENSATION ARE NOTED IN THE COLLEGE'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE COLLEGE MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AND CONFLICT POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 6,986,707. MANAGEMENT AND GENERAL EXPENSES 660,285. FUNDRAISING EXPENSES 90,716. TOTAL EXPENSES 7,737,708. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST 374,717. REVALUATION OF TRUSTS & ANNUITIES PAYABLE -12,574. HIRAM COLLEGE PROPERTY MANAGEMENT PO BOX 1808 HIRAM OH 44234 341676973 FACULTY/STAFF HOUSING OH 501(C)(2) HIRAM COLLEGE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0