2026-05-04T17:20:53-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-07-01 910567740 BOARD OF TRUSTEES OF WHITMAN COLLEGE BOAR 5095275411 345 BOYER AVENUE WALLA WALLA WA 993622067 DAVID J HAMRICK VP FOR FINANCE & ADMIN 5095275145 2026-05-15 1 1 WENDY CAMPOS P00448102 5032421447 2026-04-30 2024 2025-03-06 01:10:19Z SARAH BOLTON 345 BOYER AVENUE WALLA WALLA WA 993622067 435396298 0 X HTTP://WWW.WHITMAN.EDU X 1859 WA PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION TO PASSIONATE, ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS. 23 20 1667 853 5168429 3017054 31060755 22971869 107622875 112786460 29196087 70482980 1409377 1471364 169289094 207712673 48081812 54384012 0 0 57976211 61153113 0 0 3823907 64113702 66347284 170171725 181884409 -882631 25828264 1127657156 1207492185 154507588 162010210 973149568 1045481975 X THE MISSION OF WHITMAN COLLEGE IS TO PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION OF THE HIGHEST QUALITY TO PASSIONATE AND ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS. WHITMAN STUDENTS DEVELOP THEIR INTELLECTUAL AND CREATIVE CAPACITIES IN A SUPPORTIVE SCHOLARLY COMMUNITY THAT PRIORITIZES STUDENT LEARNING WITHIN AND BEYOND THE CLASSROOM. 0 0 74238665 0 99288968 TO PROVIDE ACADEMIC INSTRUCTION, SUPPORT AND OTHER PROGRAMS TO ALL WHITMAN COLLEGE STUDENTS, INCLUDING 1,459 FULL-YEAR UNDUPLICATED FULL TIME EQUIVALENT STUDENTS AND 417 GRADUATED STUDENTS. 54384012 54384012 0 TO PROVIDE STUDENTS WITH SERVICES INCLUDING FINANCIAL AID ASSISTANCE, COUNSELING, INTERNSHIPS, JOB PLACEMENT, INSTRUCTIONAL SCHOLARSHIPS, AND FEDERAL LOANS OR GRANTS. DURING THE FISCAL YEAR, 1,519 STUDENTS RECEIVED INSTRUCTIONAL SCHOLARSHIPS AND 683 STUDENTS RECEIVED FEDERAL LOANS OR GRANTS. 16264870 0 13261806 TO PROVIDE STUDENTS WITH AUXILIARY SERVICES. DURING THE FISCAL YEAR, 918 STUDENTS WERE HOUSED IN COLLEGE-PROVIDED HOUSING AND 828 STUDENTS PARTICIPATED IN COLLEGE-PROVIDED BOARD PLANS. 144887547 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 1 1 0 0 0 1 2494 0 1 1667 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 X 23 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN VA WA WI WV X X DARLENE WILSON AVP FOR FINANCE & CONTROLLER WHITMAN COLLEGE 5095274936 345 BOYER AVENUE WALLA WALLA WA 99362 SARAH R BOLTON PRESIDENT 40.00 X 529159 0 70432 DAVID JEFFREY HAMRICK CHIEF FINANCIAL OFFICER 40.00 1.00 X 331802 0 43888 KAZIPUTALIMBA JOSHUA - VP FOR STUDENT AFFAIRS/DEAN OF STUDENTS 40.00 X 219507 0 137576 STEVE J SETCHELL - VP FOR DEVELOPMENT AND ALUMNI RELATION 40.00 X 291678 0 40632 ALZADA TIPTON - PROVOST AND DEAN OF FACULTY (THRU 7/24) 40.00 X 250139 0 53675 ADAM MILLER VP FOR ADMISSION & FINANCIAL AID 40.00 X 192224 0 50676 PATRICK KEEF FACULTY 40.00 X 204588 0 30775 PATRICK SPENCER FACULTY 40.00 X 193147 0 32305 DAN TERRIO CHIEF INFORMATION OFFICER 40.00 X 184388 0 39494 JOHN JOHNSON - VP FOR INCLUSIVE EXCELLENCE (THRU 6/25) 40.00 X 195103 0 33663 GINA OHNSTAD VP FOR COMMUNICATIONS 40.00 X 183907 0 29042 TELARA MCCULLOUGH ASSISTANT VP HUMAN RESOURCES 40.00 X 175046 0 31151 NICOLE SIMEK FACULTY 40.00 X 169349 0 27570 KIMBERLY CHANDLER - DIRECTOR OF ATHLETICS, DEPT CHAIR & SR LECTURER OF 40.00 X 165515 0 16450 JOE DAVIS CHAIR 1.00 X X 0 0 0 LEIGH ANN LUCERO SECRETARY 1.00 X X 0 0 0 DANIELLE GARBE RESER VICE CHAIR 1.00 X X 0 0 0 MARK KAJITA TRUSTEE 1.00 X 0 0 0 GORDON KEANE JR TRUSTEE 1.00 X 0 0 0 PETER LEWIS TRUSTEE 1.00 X 0 0 0 MARSHAL MCREAL TRUSTEE 1.00 X 0 0 0 NATE MILES TRUSTEE 1.00 X 0 0 0 TRICIA MONTGOMERY TRUSTEE 1.00 X 0 0 0 BILL NEFF TRUSTEE 1.00 X 0 0 0 CHARLIE NELSON TRUSTEE 1.00 X 0 0 0 ELIZABETH OBERSHAW TRUSTEE 1.00 X 0 0 0 AARON PERRINE TRUSTEE 1.00 X 0 0 0 CHARLEY ROSENBERRY TRUSTEE 1.00 X 0 0 0 NANCY SERRURIER TRUSTEE 1.00 X 0 0 0 DREW SHOALS TRUSTEE 1.00 X 0 0 0 JONATHAN SPOSATO TRUSTEE 1.00 X 0 0 0 SARAH WANG TRUSTEE 1.00 X 0 0 0 ANN WATSON TRUSTEE 1.00 X 0 0 0 COURT WYCKOFF TRUSTEE 1.00 X 0 0 0 DANA REID TRUSTEE 1.00 X 0 0 0 KIRSTEN GABLE TRUSTEE 1.00 X 0 0 0 CECILIA KANG TRUSTEE 1.00 X 0 0 0 3285552 0 637329 94 0 1 0 LYDIG CONSTRUCTION INC 11001 E MONTGOMERY DRIVE SPOKANE WA 99206 CONSTRUCTION 10138073 BON APPETIT PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 5477964 AH CAPITAL MANAGEMENT 2865 SAND HILL ROAD SUITE 101 MENLO PART CA 94025 INVESTMENT MANAGEMENT 2411904 SUNSTONE CAPITAL PARTNERS 400 S EL CAMINO REAL SAN MATEO CA 94402 INVESTMENT MANAGEMENT 2293141 VIKING GLOBAL 660 FIFTH AVENUE NEW YORK NY 10103 INVESTMENT MANAGEMENT 1892929 39 1197990 21773879 7121818 22971869 STUDENT TUITION & FEES 616000 97905977 97905977 HOUSING & MEAL SERVICE 611710 13261806 13261806 MISCELLANEOUS INCOME 900099 1585332 1382991 202341 AUXILIARY 611710 33345 33345 112786460 17224366 4966088 12258278 5504 5504 3027513 1561653 1465860 1465860 1465860 279380586 226121972 53258614 53258614 53258614 207712673 112550774 5168429 67021601 X 50114655 50114655 4269357 4269357 2903052 1138588 1389924 374540 130999 28000 102999 42615857 35763183 5039592 1813082 3838917 2981200 673140 184577 8402406 6525082 1473331 403993 3261882 2533090 571959 156833 325317 325317 161788 161788 6755 6755 17656893 17656893 19071446 18425892 382068 263486 93904 93904 2510493 393617 1905188 211688 1875 1875 3450119 3312114 138005 5088916 4333418 568525 186973 83308 83308 2373039 2278117 94922 8341736 8008067 333669 1175996 1175996 SUPPLIES 4659704 3770282 889422 0 COMMUNICATIONS 818314 663985 115862 38467 PRINTING & PUBLICATION 365316 121772 60886 182658 POSTAGE & SHIPPING 162365 131349 23406 7610 181884409 144887547 33172955 3823907 2814882 2698806 68564399 56063192 27914752 26383482 719926 741423 834641 1144250 381700286 138601385 183883650 243098901 454004518 451368812 386159808 424465596 301600 204034 2458980 1323689 1127657156 1207492185 10853058 21959909 1407696 271029 1451777 1204183 111607145 109982306 29187912 28592783 154507588 162010210 X 390661194 417130686 582488374 628351289 973149568 1045481975 1127657156 1207492185 X 25828264 52768715 -6264572 X 0 1 X 1 1 1 X 12994784 25176081 24865813 31040717 22971869 117049264 12994784 25176081 24865813 31040717 22971869 117049264 8824629 108224635 10920679 9245307 12043217 14781928 15291295 62282426 7940743 6827840 53633 2458800 3013135 20294151 199625841 488150919 0.54210 0.55530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 6755 0 0 0 6755 0 PART II-B, LINE 1: $6,008 IS THE AMOUNT OF DUES PAID TO THE INDEPENDENT COLLEGES OF WASHINGTON (ICW) ALLOCATED TO LOBBYING EFFORTS BY THE ICW. $747 IS THE AMOUNT OF DUES PAID TO THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU) ALLOCATED TO LOBBYING EFFORTS BY THE NAICU. 85143 3437483 0 0 X X X X 0 753367405 9184351 106810079 14057417 23081881 16592938 815629599 699310186 6173982 96752522 13286004 21764097 13819184 753367405 655461107 5466100 83959218 11466013 19313294 14796932 699310186 812714816 21839774 -150533180 10110816 17116362 1333125 655461107 560653503 4121039 317706785 11241253 15403808 43121450 812714816 0.28100 0.28500 0.43400 1 0 11743829 14117473 25861302 22602368 321745714 134022179 210325903 92962 7960457 4579206 3474213 3437483 3437483 243098901 COMMINGLED TRUSTS 48132988 F ALTERNATIVE INVESTMENTS 376332608 F 424465596 POST RETIREMENT BENEFIT OBLIGATION 4476684 SPLIT INTEREST AGREEMENTS 14059973 DEFERRED COMPENSATION 1140084 REFUNDABLE ADVANCE 1626534 MED/DENTAL INS. TERMINAL LIABILITY 785000 ASSET RETIREMENT OBLIGATION 5070346 FARM BENEFICIARY PAYMENT OBLIGATION 1419632 FEDERAL TAXES PAYABLE 14530 28592783 X 182175911 52768715 52768715 129407196 17656893 60648584 78305477 207712673 109843504 0 109843504 17656893 54384012 72040905 181884409 PART III, LINE 4: THE COLLEGE HAS COLLECTIONS OF WORKS OF ART AND RARE BOOKS THAT ARE UTILIZED BY THE STUDENTS IN THEIR STUDIES AND THE FACULTY IN THEIR RESEARCH. PART V, LINE 4: ENDOWMENT FUNDS ARE USED SOLELY TO SUPPORT THE MISSION OF WHITMAN COLLEGE FOR COSTS SUCH AS FINANCIAL AID TO STUDENTS, FACULTY SALARIES AND THE LIBRARY. PART X, LINE 2: WHITMAN COLLEGE IS A QUALIFIED NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND AS SUCH, IS GENERALLY EXEMPT FROM FEDERAL TAXATION OF INCOME. CONTRIBUTIONS TO THE COLLEGE ARE GENERALLY TAX DEDUCTIBLE. THE 21ST CENTURY TRUST IS A SEPARATE QUALIFIED 501(C)(3) TAX ENTITY THAT IS CONSOLIDATED IN THESE FINANCIAL STATEMENTS. FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, MANAGEMENT ESTIMATES THAT THE COLLEGE HAS GENERATED UNRELATED BUSINESS INCOME FROM ITS INVESTMENT ACTIVITY OF APPROXIMATELY $2,435,000 AND $2,899.000, RESPECTIVELY, WHICH IS TAXED AT THE FEDERAL CORPORATE TAX RATE OF 21% AND VARIOUS STATE INCOME TAX RATES. AS A RESULT, MANAGEMENT ESTIMATES THAT THE COLLEGE HAS INCURRED A TAX LIABILITY AT JUNE 30, 2025 AND 2024 TOTALING APPROXIMATELY $512,000 AND $609,000, RESPECTIVELY. NET OF TAX ESTIMATES PAID, THE COLLEGE EXPECTS TO RECEIVE UNRELATED BUSINESS INCOME TAX REFUNDS OF $975,000 AND $1,375,000 FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, RESPECTIVELY, WHICH ARE INCLUDED IN ACCOUNTS PAYABLE ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. ON DECEMBER 22, 2017, THE TAX CUTS AND JOBS ACT (THE ACT) WAS ENACTED. THE ACT IMPACTS THE COLLEGE IN THE ADDITION OF A FEDERAL EXCISE TAX OF 1.4% ON ITS NET INVESTMENT INCOME FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, DUE TO THE COLLEGE MEETING THE THRESHOLD OF ITS ENDOWMENT VALUE BEING OVER $500 PER TUITIONPAYING STUDENT AS OF JUNE 30, 2025 AND 2024, RESPECTIVELY. THE COLLEGE RECORDS AN ESTIMATE FOR RELATED TAX EXPENSE BASED ON CURRENTLY AVAILABLE REGULATORY GUIDANCE OF THE ACT, AND CONTINUES TO EVALUATE THE IMPACT OF THE ACT ON CURRENT AND FUTURE TAX POSITIONS. THE COLLEGE'S ESTIMATES ITS TAX LIABILITY FOR THE FEDERAL EXCISE TAX AT JUNE 30, 2025 AND 2024 TOTALS APPROXIMATELY $1,100,000 AND $105,000, RESPECTIVELY, WHICH ARE INCLUDED IN ACCOUNTS PAYABLE ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAINS GENERATED FROM ALTERNATIVE INVESTMENTS 4,966,088. INSTITUTIONAL AID 54,384,012. CHANGE IN SPLIT INTEREST AGREEMENTS 1,251,226. LOSS ON UNCOLLECTIBLE PLEDGES 47,258. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 54,384,012. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE MAKES ITS POLICY OF NON-DISCRIMINATION KNOWN THROUGH THE COLLEGE WEBSITE, THE ANNUAL CATALOG, AND OTHER MATERIALS. ADDITIONALLY, THE COLLEGE PLACES AN ADVERTISEMENT WHICH DESCRIBES ITS POLICY IN A REGIONAL NEWSPAPER EACH YEAR. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDS FROM THE DEPARTMENT OF EDUCATION TO BE GIVEN TO WHITMAN STUDENTS IN THE FORMS OF GRANTS AND LOANS. THE COLLEGE ALSO RECEIVES FUNDS FROM OTHER FEDERAL AGENCIES IN THE FORM OF GRANTS FOR RESEARCH EQUIPMENT, STUDY, OR OTHER EFFORTS AS STIPULATED IN EACH INDIVIDUAL GRANT. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CONFERENCES AND RESEARCH 3257 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCES AND RESEARCH 44243 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FOREIGN TRAVEL 166198 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES CONFERENCES AND RESEARCH 109484 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES FOREIGN TRAVEL 15798 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES CONFERENCES AND RESEARCH 336 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES FOREIGN TRAVEL 9286 NORTH AMERICA (CANADA AND MEXICO) 0 0 PROGRAM SERVICES CONFERENCES AND RESEARCH 23422 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES CONFERENCES AND RESEARCH 1002 SOUTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES AND RESEARCH 13177 SOUTH AMERICA 0 0 PROGRAM SERVICES FOREIGN TRAVEL 6052 SOUTH ASIA 0 0 PROGRAM SERVICES CONFERENCES AND RESEARCH 16880 SOUTH ASIA 0 0 PROGRAM SERVICES FOREIGN TRAVEL 17263 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CONFERENCES AND RESEARCH 9226 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES FOREIGN TRAVEL 28286 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 403720 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 746600 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 2678508 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 262251 NORTH AMERICA (CANADA AND MEXICO) 0 0 GRANTMAKING 85678 SOUTH AMERICA 0 0 GRANTMAKING 92600 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 337336182 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 38916 0 0 0 0 0 0 372024 341736341 342108365 STUDENT FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN 13 403720 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID EAST ASIA AND THE PACIFIC 23 746600 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID EUROPE (INCLUDING ICELAND AND GREENLAND) 76 2678508 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID MIDDLE EAST AND NORTH AFRICA 6 262251 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID NORTH AMERICA (CANADA AND MEXICO) 2 85678 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID SOUTH AMERICA 5 92600 WIRE TRANSFER OR CHECK 1 0 1 1 1 1 PART I, LINE 2: THE GRANTMAKING ACTIVITIES SHOWN IN PARTS I AND III INVOLVE COLLEGE FINANCIAL AID FUNDS DELIVERED TO ENROLLED STUDENTS' INDIVIDUAL ACCOUNTS. THE AID IS TO HELP DEFRAY THE COST OF CERTAIN STUDY PROGRAMS TAKING PLACE IN FOREIGN COUNTRIES. ALL SUCH PROGRAMS ARE CLOSELY VETTED BY THE COLLEGE TO ENSURE THE RECIPIENTS ARE OF HIGH ACADEMIC QUALITY AND FINANCIALLY STABLE. ANY AID DELIVERED TO SUCH STUDENTS IS GOVERNED BY THE PROCESSES OUTLINED IN SCHEDULE E. PART I, LINE 3: THE AMOUNT ON PART I, LINE 3, COLUMN (F) FOR GRANTMAKING AND PROGRAM SERVICE EXPENSES REPRESENTS ACTUAL EXPENDITURES IN THE REGION FOR A TAXPAYER ON THE ACCRUAL BASIS OF ACCOUNTING. THE AMOUNT ON PART I, LINE 3, COLUMN (F) FOR INVESTMENTS ARE BASED UPON THE FAIR MARKET VALUE OF EACH FUND. PART III ACCOUNTING METHOD: THE AMOUNT ON PART III, COLUMN (D) REPRESENTS ACTUAL EXPENDITURES IN THE REGION FOR A TAXPAYER ON THE ACCRUAL BASIS OF ACCOUNTING. INVESTMENTS IN COLUMN (D) AND COLUMN (F) ARE BASED UPON THE FAIR MARKET VALUE OF EACH FUND. 1 INSTITUTIONAL FINANCIAL AID 1394 50114655 PART I, LINE 2: THE COLLEGE AWARDS SCHOLARSHIPS USING ESTABLISHED POLICIES ON THE BASIS OF BOTH NEED AND SCHOLARSHIP MERIT. AWARDS TO STUDENTS WITH NEED ARE BASED ON THE STUDENTS' FINANCIAL INFORMATION CONTAINED IN THE FINANCIAL AID PROFILE FILED WITH THE COLLEGE SCHOLARSHIP SERVICES AND THE FREE APPLICATION FOR FINANCIAL AID FILED WITH THE FEDERAL PROCESSOR. ALL AID IS OBJECTIVELY DETERMINED AND AWARDED ON AN EQUAL BASIS TO RECIPIENTS WITH SIMILAR ATTRIBUTES. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 SARAH R BOLTON PRESIDENT 490876 0 0 0 38283 0 33041 0 37391 0 599591 0 0 0 DAVID JEFFREY HAMRICK CHIEF FINANCIAL OFFICER 308802 0 0 0 23000 0 33316 0 10572 0 375690 0 0 0 KAZIPUTALIMBA JOSHUA - VP FOR STUDENT AFFAIRS/DEAN OF STUDENTS 213507 0 0 0 6000 0 22918 0 114658 0 357083 0 0 0 STEVE J SETCHELL - VP FOR DEVELOPMENT AND ALUMNI RELATION 269178 0 0 0 22500 0 29060 0 11572 0 332310 0 0 0 ALZADA TIPTON - PROVOST AND DEAN OF FACULTY (THRU 7/24) 250139 0 0 0 0 0 26003 0 27672 0 303814 0 0 0 ADAM MILLER VP FOR ADMISSION & FINANCIAL AID 169224 0 0 0 23000 0 20504 0 30172 0 242900 0 0 0 PATRICK KEEF FACULTY 204588 0 0 0 0 0 20203 0 10572 0 235363 0 0 0 PATRICK SPENCER FACULTY 193147 0 0 0 0 0 19205 0 13100 0 225452 0 0 0 DAN TERRIO CHIEF INFORMATION OFFICER 184388 0 0 0 0 0 19046 0 20448 0 223882 0 0 0 JOHN JOHNSON - VP FOR INCLUSIVE EXCELLENCE (THRU 6/25) 189603 0 0 0 5500 0 19891 0 13772 0 228766 0 0 0 GINA OHNSTAD VP FOR COMMUNICATIONS 183907 0 0 0 0 0 18470 0 10572 0 212949 0 0 0 TELARA MCCULLOUGH ASSISTANT VP HUMAN RESOURCES 175046 0 0 0 0 0 17690 0 13461 0 206197 0 0 0 NICOLE SIMEK FACULTY 169349 0 0 0 0 0 16998 0 10572 0 196919 0 0 0 KIMBERLY CHANDLER - DIRECTOR OF ATHLETICS, DEPT CHAIR & SR LECTURER 165515 0 0 0 0 0 16450 0 0 0 181965 0 0 0 PART I, LINE 1A THE COLLEGE PRESIDENT IS REQUIRED, AS A CONDITION OF EMPLOYMENT, TO PROPERLY PERFORM THEIR DUTIES AND FOR THE CONVENIENCE AND SUBSTANTIAL BUSINESS REASONS OF THE COLLEGE, TO MAINTAIN THEIR PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE COLLEGE. THIS HOUSE IS LOCATED ON THE EDGE OF THE CAMPUS. THE PRESIDENT'S PERSONAL RESIDENCE (OWNED BY THE COLLEGE) IS PROVIDED CLEANING SERVICES, YARD CARE, AND GARBAGE SERVICES BY THE COLLEGE. THE AMOUNTS PAID FOR BY THE COLLEGE AND ALLOCATED TO PERSONAL BENEFIT WERE INCLUDED IN THE PRESIDENT'S W-2 AS TAXABLE COMPENSATION. A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781U57 2017-01-05 18303824 FACILITIES CONSTRUCTION 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 9397815K2 2021-11-30 26143436 REFUND BOND ISSUE FROM 6/10/08 0 0 0 C WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 9397816U9 2024-04-02 37064025 FACILITIES CONSTRUCTION 0 0 0 A 2420000 18303824 376062 325296 17602466 2019 0 0 1 1 B 2945000 26143436 323871 25819565 2010 1 0 1 1 C 37064025 2033681 907363 528039 36009371 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART II, PROCEEDS, LINE 10A: FOR THE FISCAL YEAR 6/30/25, PART II, LINE 10, COLUMN A WAS REDUCED BY THE CAPITALIZED INTEREST THAT IS ALREADY REPORTED ON LINE 5. SCHEDULE K, PART II, PROCEEDS, LINE 6C: FOR THE FISCAL YEAR 6/30/25, $528,039 WAS SPENT BY THE END OF THE TAX YEAR OUT OF THE $528,039 ISSUANCE COSTS REPORTED ON FORM 8038. 30000 MERIT SCHOLARSHIPS EDUCATION CARA SETCHELL SPOUSE OF STEVE SETCHELL, THE VP FOR DEVELOPMENT AND ALUMNI RELATIONS 102999 EMPLOYMENT 0 WILLIAM G HARMAN SPOUSE OF ALZADA TIPTON, PROVOST AND DEAN OF FACULTY 28000 EMPLOYMENT 0 X 6 102642 MARKET VALUE X 1 MARKET VALUE X 100 7005176 MARKET VALUE X AIRLINE VOUCHERS 1 13750 MARKET VALUE X LIFE INSURANCE POLICY 1 249 MARKET VALUE 1 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC DRAFT COPY IS PROVIDED TO THE AUDIT COMMITTEE VIA WHITMAN'S BOARD MANAGEMENT SOFTWARE CALLED ONBOARD PRIOR TO THE MEETING. THE COMMITTEE DISCUSSES AND PROVIDES INPUT TO MANAGEMENT. THE COMMITTEE NEXT ACCEPTS THE FORM 990 AND IT IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW. AFTER THE TRUSTEES HAVE PROVIDED THEIR INPUT AND ALL QUESTIONS ARE RESOLVED, THE FORM 990 IS THEN FILED WITH THE IRS AND POSTED ON THE COLLEGE'S WEBSITE TO BE AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE GIVEN A QUESTIONNAIRE ANNUALLY. THE QUESTIONNAIRE INCLUDES THE COLLEGE'S CONFLICT OF INTEREST POLICY AND ASKS EACH INDIVIDUAL ABOUT THE EXISTENCE OF CONFLICTS OF INTEREST, AS WELL AS OTHER PAYMENTS OR SITUATIONS WHICH COULD BE CONSTRUED TO PRESENT A CONFLICT. IF AN INDIVIDUAL ANSWERS ANY QUESTION IN THE AFFIRMATIVE, THEY ARE ASKED TO DESCRIBE THE SITUATION IN THEIR RESPONSE. IF THERE ARE ANY CONCERNS RELATIVE TO ANY ONE INDIVIDUAL'S RESPONSE, MANAGEMENT FOLLOWS UP TO DISCUSS HOW BEST TO DEAL WITH ANY IDENTIFIED POTENTIAL CONFLICTS. MANAGEMENT VERIFIES ALL IDENTIFIED INDIVIDUALS HAVE RESPONDED. ALL THE RESPONSES ARE RETAINED IN ACCORDANCE WITH THE COLLEGE'S FILE RETENTION POLICY. TRUSTEES ARE REMINDED OF POTENTIAL CONFLICTS AT EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE TRUSTEES DELEGATED AUTHORITY FOR SETTING THE PRESIDENT'S COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD. COMPARABLE DATA FROM PEER INSTITUTIONS WAS USED IN THE DISCUSSION TO SET THE PRESIDENT'S COMPENSATION. THOSE DISCUSSIONS ARE SUMMARIZED IN A MEMO FROM THE CHAIR OF THE BOARD TO THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION. COMPARABLE DATA FROM PEER INSTITUTIONS FOR EACH POSITION WAS USED TO SET THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE TRUSTEES APPROVED THE COMPENSATION PACKAGES OF THE COLLEGE'S OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE PROVIDES ACCESS TO ITS FINANCIAL STATEMENTS VIA ITS WEBSITE. THE COLLEGE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER SERVICES: PROGRAM SERVICE EXPENSES 18,425,892. MANAGEMENT AND GENERAL EXPENSES 382,068. FUNDRAISING EXPENSES 263,486. TOTAL EXPENSES 19,071,446. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS -1,251,226. UBI GAIN FROM PARTNERSHIPS -4,966,088. LOSS ON UNCOLLECTIBLE PLEDGES -47,258. WHITMAN COLLEGE 21ST CENTURY TRUST 345 BOYER AVENUE WALLA WALLA WA 99362 916526001 PROVIDE SUPPORT FOR WHITMAN COLLEGE WA 501(C)(3) LINE 12A, I BOARD OF TRUSTEES OF WHITMAN COLLEGE 1 CHARITABLE LEAD ANNUITY TRUST (1) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 CHARITABLE REMAINDER TRUSTS (29) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 POOLED INCOME FUNDS (2) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0