2026-05-13T12:55:32+00:00 2025-06-30 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2024-07-01 350868073 Earlham College Inc EARL 7659831200 801 National Road West Richmond IN 47374 Paul Sniegowski President 2026-05-13 true Rachel Spurlock P00520729 5023263996 2026-05-13 2024 2025-03-06 01:10:19Z Paul Sniegowski 801 National Road West Richmond IN 47374 87792891 false X www.earlham.edu X 1881 IN An intellectually challenging, globally engaged, and socially concerned liberal arts college. 24 23 953 550 0 59923529 38983855 40771978 45245360 1653093 2668331 -22246 -9427 102326354 86888119 27049527 36027085 0 29630556 31650387 0 2195921 33386587 33503602 90066670 101181074 12259684 -14292955 348823703 335465324 88513031 87334477 260310672 248130847 The mission of Earlham College, an independent, residential college, is to provide the highest quality undergraduate education in the liberal arts, including the sciences, shaped by the distinctive perspectives of the Religious Society of Friends (Quakers). The College provides extensive opportunities for students and faculty to learn from each other in a cooperative community, an important aspect of which is collaborative student/faculty research. At Earlham College, education is carried on with a concern for the world in which we live and for improving human society. Therefore, Earlham stresses global education, peaceful resolution of conflict, equality of persons, and high moral standards of personal conduct. false false 84263860 35488449 44642558 Earlham College - Providing high quality liberal arts education for 677 students (729 including Earlham School of Religion) per IPEDS reporting. Serving the local community through arts, music, and cultural events open to the public. Students volunteer with many community service organizations. Approximately 2,500 people in the local community are served in this way. 1526913 538636 602802 Earlham School of Religion - Providing seminary training for 52 students. 85790773 true true false false false false false false false true true false false true true true false true true false true false false false false false false true true true true false false false false false true false false false false true false false false true true true true false false true X 1126 9 true 953 true false true JA NZ FR false false false false false false false false false true X 24 23 false false false false false true false true true false false false true true true true true true true false false false IN X Carrie Ervin 7659831200 801 National Road West Richmond IN 47374 Alexa Colin Secretary 2.0 0 X X 0 0 0 Anne Houtman President (until Aug 2024) 50.0 0 X X 186839 0 16899 Frederick McClure Vice Chair 2.0 0 X X 0 0 0 Paul Sniegowski President (beg Oct 2024) 50.0 0 X X 160283 0 26625 Thomas Thornburg Chair 2.0 0 X X 0 0 0 Alan Scantland Trustee 2.0 2.0 X 0 0 0 Anne Stassen Trustee 2.0 0 X 0 0 0 Catherine Lemann Trustee 2.0 0 X 0 0 0 Chad R Jackson Trustee 2.0 0 X 0 0 0 Diana Hadley Trustee 2.0 0 X 0 0 0 Drew Smith Trustee 2.0 0 X 0 0 0 Ellie Bewley Trustee 2.0 0 X 0 0 0 Janica Kyriacopoulos Trustee 2.0 0 X 0 0 0 Jim Montoya Trustee 2.0 0 X 0 0 0 Jim Sherer Trustee 2.0 0 X 0 0 0 Luvisia Molenje Trustee 2.0 0 X 0 0 0 Martha Hill Trustee 2.0 0 X 0 0 0 Melissa Moye Trustee (Beg Dec 2024) 2.0 2.0 X 0 0 0 Peggy Hollingsworth Trustee 2.0 0 X 0 0 0 Raymond Ontko Trustee 2.0 0 X 0 0 0 Rhonda Impink Trustee 2.0 0 X 0 0 0 Sara Edgerton Trustee 2.0 0 X 0 0 0 Sarah Faller Trustee 2.0 0 X 0 0 0 Stephen D Schutt Trustee 2.0 0 X 0 0 0 Tim Yale Trustee 2.0 0 X 0 0 0 Carrie D Ervin Controller, interim CFO (until Oct 2024), VP and CFO 45.0 5.0 X 153480 0 53530 Gretchen Castle Dean of ESR 50.0 0 X 121609 0 35148 Lianne Warner Controller/Assistant Treasurer (beg Oct 2024) 32.0 18.0 X 87187 0 45916 Lori Schroeder Provost & Senior VP for Academic Affairs 50.0 0 X 106523 0 19175 Bonita Washington-Lacy VP of Student Life/Dean of Students 50.0 0 X 189136 0 35937 Christopher Little Associate VP of Human Resources, Safety and Risk (until Oct 2024), VP and COO 50.0 0 X 172205 0 13986 Kimberly Tanner VP for Institutional Advancement 50.0 0 X 173011 0 54014 Kristen Lainsbury VP of Marketing & Communications (until Oct 2024) 50.0 0 X 131024 0 42776 Scot Schaeffer Vice President of Enrollment Management 50.0 0 X 199721 0 30258 Brian LaDuca Associate VP of Academic Affairs 50.0 0 X 123590 0 27703 Gariot Louima VP for Strategic and Diversity Initiatives 50.0 0 X 147699 0 20861 James Logan Assoc. Academic Dean of Faculty, Prof Religion 50.0 0 X 127663 0 22918 Jason Blunk Chief Information Officer 50.0 0 X 125166 0 36799 Michael Deibel AVP of Academic Affairs (until Oct 2024), Senior AVP of Strategic Financial Research 45.0 5.0 X 137011 0 15081 Richard Stephens Former Interim Provost 0.0 0 X 110833 0 0 Stacy L Davidson Former Sr VP of Finance & Admin & CFO 0.0 0.0 X 182649 0 16366 2635629 0 513992 31 true true false Metz Culinary Management 2 Woodland Drive Dallas PA 18612 Food Services 3001633 National Management Resources Corp PO Box 1224 La Grange GA 30241 Facilities Management 2405486 F A Wilhelm Construction Co Inc PO Box 516 Indianapolis IN 46206 Contractor 786959 EAB Inc P O Box 603519 Charlotte NC 282603519 Education Consultant 770551 Chomel & Sons Inc 217 E 6th St Connersville IN 47331 Roofing Contractor 629084 29 27327898 871492 10784465 888000 38983855 Tuition and fees 611310 36751181 36751181 Auxiliary 611710 8494179 8494179 0 0 0 0 45245360 1932281 1932281 53189 2530 65146 -11957 2530 -9427 -9427 1546133 29543 839626 706507 29543 736050 736050 0 0 0 0 0 86888119 45245360 0 2658904 7728756 7728756 28298329 28298329 2420406 591224 1462463 366719 21485982 16411838 4238993 835151 1162411 880187 226170 56054 5089651 4377039 502400 210212 1491937 1147819 279931 64187 117050 2230 114820 125984 125984 1823 1823 4149450 2434842 1505796 208812 319293 44014 263634 11645 2314711 1803543 390854 120314 2935797 1401343 1529960 4494 4562646 4076915 380963 104768 1332688 1160580 96922 75186 172090 126269 41541 4280 2992061 2357824 634237 6910425 6587706 275461 47258 581451 359805 221646 Meals 3548925 3354333 141453 53139 Foreign Study 1048495 1048471 24 Library Purchases 436830 436332 498 Membership 358562 165054 181449 12059 1595321 996320 577358 21643 101181074 85790773 13194380 2195921 9642 12333 50955192 49387433 1344639 1054704 787505 696298 246315 251036 0 0 114756 134172 2023625 1839056 248748757 128398016 125109770 120350741 8054683 8069769 0 574185 405294 159603391 153264488 348823703 335465324 4186101 4499044 201037 201037 62578461 61226321 0 0 16924910 16934650 4622522 4473425 88513031 87334477 X 71160331 72997366 189150341 175133481 260310672 248130847 348823703 335465324 X -14292955 1511620 601510 X false true true true true X 82753380 15643730 35146977 59923529 38983855 232451471 0 0 82753380 15643730 35146977 59923529 38983855 232451471 23598208 208853263 -40548 -15296 243033 1412144 1988000 3587333 0 0 0 0 0 0 0 236038804 206593464 0.88483 0.87616 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 416198021 4114577 43099105 35579134 427832569 419497008 1953345 37284312 42536644 416198021 426217095 1637480 27906327 36263894 419497008 474820554 3505192 -22232530 29876121 426217095 380029047 2895420 127436716 35540629 474820554 0.0696 0.9304 0.0 false true true 2100069 2100069 218282282 101691072 116591210 27595442 25951548 1643894 770964 755396 15568 120350741 Interest in charitable trusts 1017743 Due from related organization 152246745 153264488 Federal Income Taxes Deposits 236914 Amounts Held for Others 1250911 Annuities Payable 2860655 Advances for Student Loans 124945 Capital Lease Obligations 4473425 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds Earlham College's endowment funds are used to support the educational programs and operations of the College, including scholarships, faculty support, academic programs, and other mission-related activities. Distributions from the endowment provide a stable and predictable source of funding that helps sustain current and future operations and enhance the quality and accessibility of an Earlham education. The College manages its endowment to support both current needs and long-term sustainability. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College is exempt from federal income taxes under Section 501 (c)(3) of the U.S. Internal Revenue Code and a similar provision of state law. During November 2016, the Foundation became exempt from federal income taxes under Section 501 (c)(3) of the U.S. Internal Revenue Code and a similar provision of state law. The Foundation has been classified as a public organization, which is not a private foundation under Section 509(a) of the code. This exemption has a retrospective effective date of June 11, 2014. The Foundation was previously exempt under Section 501 (c)(2) of the U.S. Internal Revenue Code as a title holding company and a similar provision of state law. However, the College and Foundation are subject to federal income tax on any unrelated business taxable income. The College and Foundation are not considered to be private foundations. Current accounting standards require the College to disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended June 30, 2025 and 2024, management has determined that the College does not have any tax positions that result in any uncertainties regarding the possible impact on the College's financial statements. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The College recognizes interest and/or penalties related to income tax matters in income tax expense. The College did not have any amounts accrued for interest and penalties at June 30, 2025 or 2024. At June 30, 2025 and 2024, the College had accrued a net investment income excise tax liability of $500,000 and $350,000, respectively. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The nondiscriminatory policy is in the Policies link that is located on the website's homepage. Earlham does not actively solicit students via newspaper or broadcast media. In its catalog and other general written communication available to the general public, it publicizes its racially nondiscriminatory policy. Being a Quaker institution, Earlham College has had a long history of nondiscrimination. This fact is well known in the general community it serves. The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50, as modified by Rev. Proc. 2019-22. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Earlham participates in the federal Title IV financial aid program for its students. true East Asia and the Pacific 0 0 Program Services Study Abroad Program 939070 Europe (Including Iceland and Greenland) 0 0 Program Services Study Abroad Program 466565 South America 0 0 Program Services Study Abroad Program 49502 South Asia 0 0 Program Services Study Abroad Program 18309 Sub-Saharan Africa 0 0 Program Services Study Abroad Program 3058 North America (Canada & Mexico only) 0 0 Program Services Study Abroad Program 62724 0 0 0 0 0 0 1539228 0 1539228 false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds Earlham leads many study abroad programs for its students each year. These programs range in duration from 2 weeks to 6 months long. We track all direct expenses for these programs separately. The expenditures reflected on Line 3 include travel, meals, lodging, cultural events, and honoraria. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual true Earlham Foundation Inc 801 National Road West Richmond IN 47374 356014491 501(c)(3) 4114577 HOLD AND INVEST GIFTS Richmond Neighborhood Restoration Inc PO BOX 144 Richmond IN 47375 472601341 501(c)(3) 2045279 Community revitalization Economic Development Corporation of Wayne County Indiana PO Box 1919 Richmond IN 47375 351890802 501(c)(3) 1568900 Community revitalization 3 0 Scholarships and Financial Aid Awards 559 28298329 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds The College awards scholarships and financial aid awards. These funds are disbursed by the College's Financial Aid Department in strict adherence to all federal and state regulations. The funds are applied directly to student accounts, and no cash changes hands. The College also grants money to Earlham Foundation, a related organization, to hold and invest the assets on the College's behalf. The College monitors any sub-awards that are part of grant agreements awarded to the college. As sub-award recipients complete their agreed upon services, the college reimburses the sub-award recipients from the awarded grant funds. The sub-awarded activity is tracked and reported as part of the grant agreement. X true true X X X false true false false false false false false false Anne Houtman President (until Aug 2024) 166506 0 0 0 20333 0 16582 0 317 0 203738 0 0 0 Paul Sniegowski President (beg Oct 2024) 160283 0 0 0 0 0 8125 0 18500 0 186908 0 0 0 Richard Stephens Former Interim Provost 110833 0 0 0 0 0 0 0 0 0 110833 0 0 0 Stacy L Davidson Former Sr VP of Finance & Admin & CFO 182649 0 0 0 0 0 9653 0 6713 0 199015 0 0 0 Carrie D Ervin Controller, interim CFO (until Oct 2024), VP and CFO 153480 0 0 0 0 0 13776 0 39754 0 207010 0 0 0 Gretchen Castle Dean of ESR 121609 0 0 0 0 0 8129 0 27019 0 156757 0 0 0 Bonita Washington-Lacy VP of Student Life/Dean of Students 189136 0 0 0 0 0 15577 0 20360 0 225073 0 0 0 Christopher Little Associate VP of Human Resources, Safety and Risk (until Oct 2024), VP and COO 172205 0 0 0 0 0 13776 0 210 0 186191 0 0 0 Kimberly Tanner VP for Institutional Advancement 173011 0 0 0 0 0 15123 0 38891 0 227025 0 0 0 Kristen Lainsbury VP of Marketing & Communications (until Oct 2024) 131024 0 0 0 0 0 9655 0 33121 0 173800 0 0 0 Scot Schaeffer Vice President of Enrollment Management 199721 0 0 0 0 0 10100 0 20158 0 229979 0 0 0 Brian LaDuca Associate VP of Academic Affairs 123590 0 0 0 0 0 6023 0 21680 0 151293 0 0 0 Michael Deibel AVP of Academic Affairs (until Oct 2024), Senior AVP of Strategic Financial Research 137011 0 0 0 0 0 11196 0 3885 0 152092 0 0 0 Gariot Louima VP for Strategic and Diversity Initiatives 147699 0 0 0 0 0 8219 0 12642 0 168560 0 0 0 James Logan Assoc. Academic Dean of Faculty, Prof Religion 127663 0 0 0 0 0 10384 0 12534 0 150581 0 0 0 Jason Blunk Chief Information Officer 125166 0 0 0 0 0 0 0 36799 0 161965 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use Housing was provided to the prior Interim Provost through May 2024 for the convenience of the College and as a condition of their employment. Housing was provided to the new President starting August 2024. Pursuant to Internal Revenue Code Section 119, the benefits were excluded from gross income of the recipients and not treated as taxable compensation. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Anne Houtman, former President of Earlham College, participates in a split-dollar life insurance plan. Premiums paid on behalf of the President are treated as loans. The outstanding loan balance as of 6/30/2025 is $251,036. Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - RICHARD STEPHENS, COMPENSATION FROM UNRELATED ORGANIZATION - 110833, NAME OF UNRELATED ORGANIZATION - THE REGISTRY, TYPE OF COMPENSATION - CONTRACTOR A Indiana Finance Authority 351602316 45506DEP6 2013-01-30 58500000 Construction / Renovation / Expansion / Refunding of 1998 and 2004 Bonds false false false B Indiana Finance Authority 351602316 000000000 2021-12-09 8725000 Refunding of 2007 bonds and 2015 bonds false false false A 8085000 0 58628427 0 4651568 0 498152 0 0 46066181 7411672 854 2014 true true true true B 0 0 8725000 0 0 0 159651 0 0 0 8565349 0 2021 true false true true A false false false false false false 0.0 0.0 0.0 false false 0 false true B false false false false false false 0.0 0.0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true B false true false false false false 0 false false false 0 false false true A true B true Schedule K, Part II, Line 3 Proceeds The total proceeds reported on Line 3 is different from the amount reported in Part I, Column (e) due to investment income. Schedule K, Part IV, Line 2c Final rebate computation A rebate computation was performed for the 2013 Bond Issue on February 16, 2018. The result of this computation was that no rebate amount was due for the rebate period. Based upon information provided by the Trustee, it was determined at this time that all proceeds had been fully expended, thus this rebate computation was the final computation needed. As such, Schedule K, Part IV, Line 2c has been marked as "yes the date provided is February 16, 2018. Schedule K, Part IV, Line 2c COLUMN A Issuer name: Indiana Finance Authority The calculation for computing no rebate due was performed on 02/16/2018 Anne Houtman Former President Split-Dollar Life Insurance Policy X 160000 251036 false true true 251036 55 888000 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. Form 990, Part VI, Line 1a Material differences in voting rights The Executive Committee has and may exercise all of the authority of the Board of Trustees in the management of the Corporation's affairs during intervals between the meetings of the Board of Trustees, provided that any official action taken by the Executive Committee on behalf of Earlham or the Board (a) is consistent with existing Board policies or prior delegations of authority to it, (b) is undertaken after notice to all trustees with no trustee objecting, or (c) is reasonably required in the judgment of the Board Chair and President to protect the best interests of Earlham from prejudice. The Executive Committee shall be subject to the authority and supervision of the Board of Trustees. The Chair of the Board shall serve as the chair of the Executive Committee. The members of the Executive Committee shall also include the Vice Chair, Secretary, President, and the chairs of the Board's Standing Committees except the Investment Committee. The Chair may invite other trustees, officers of Earlham, or advisors to the Board or Earlham to participate in any meeting of the Executive Committee. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Western Yearly Meeting of Friends appoints six trustees to the Earlham Board. The Earlham Alumni Association elects four trustees. Seven trustees are nominated by the Earlham Board of Trustees and approved by Western Yearly Meeting. Additionally, six trustees are nominated and appointed solely by the Earlham Board and the President serves ex officio. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared by an independent CPA firm. The Controller, Sr. Associate Vice President of Strategic Financial Research, and Vice President, CFO, perform a detailed review. Then, a copy of the Form 990 is provided to each member of the full governing body prior to its filing. Form 990, Part VI, Line 12c Conflict of interest policy Earlham's conflict of interest policy requires that officers, trustees, and key employees disclose any situations that may result in a conflict of interest or the appearance of a conflict of interest. Questionnaires must be completed annually but updated sooner if a person's situation changes. Disclosures are summarized and reviewed by the Audit Committee of the Board. If a trustee has a conflict, they will not participate in the decision making process. Form 990, Part VI, Line 15a Process to establish compensation of top management official The President's compensation is reviewed and determined annually by a committee consisting of the current and immediate past Chair of the Board of Trustees. The committee considers compensation data from other schools from the Great Lakes Colleges Association salary comparisons while undertaking their review and documents the decision in the committee minutes. Form 990, Part VI, Line 19 Required documents available to the public The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Split Interest Agreements - 601510; Total - 601510; FORM 990, PART VI, LINE 15B PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES The President reviews and determines annually the compensation of Vice Presidents and Deans, taking into consideration comparability data and the approved budget for compensation increases, if any. This process is documented. EC REAL ESTATE HOLDINGS LLC 801 NATIONAL ROAD WEST RICHMOND IN 47374 881266407 HOLD LAND LEASE IN 0 0 EARLHAM COLLEGE Earlham Foundation Inc 801 National Road West Richmond IN 47374 356014491 Supporting organization IN 501(c)(3) Type I Earlham College true Western Yearly Meeting of Friends Church PO Box 70 Plainfield IN 46168 351035170 Church IN 501(c)(3) 1 na false Charitable Remainder Trusts (14) Trust IN Earlham College Trust 0 0 true false true true false false false false false false false false false false true true true true false false Earlham Foundation Inc B 4114577 Book Earlham Foundation Inc C 27327898 Book Earlham Foundation Inc Q 864529 Book Earlham Foundation Inc P 100443 Book