CARLETON COLLEGE: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- CARLETON COLLEGE (EIN 41-0694747)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-04-12
- IRS object ID
- 202401039349301245
- Schema version
- 2022v5.0
- 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 C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-12T15:01:55-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8390 EAST CRESCENT PARKWAY SUITE | AddressLine1Txt |
| Address Line2 | 300 | AddressLine2Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410694747 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARLETON COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CARL | BusinessNameControlTxt |
| Phone | 5072224000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE NORTH COLLEGE STREET | AddressLine1Txt |
| City | NORTHFIELD | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55057 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ERIC RUNESTAD | PersonNm |
| Person Title | VP & TREASURER | PersonTitleTxt |
| Phone | 5072224000 | PhoneNum |
| Signature | 2024-03-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ERIC | PersonFirstNm |
| Person Last | RUNESTAD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SARAH HINTZ | PreparerPersonNm |
| PTIN | P00492291 | PTIN |
| Phone | 3037795710 | PhoneNum |
| Preparation | 2024-04-10 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ALISON BYERLY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE NORTH COLLEGE STREET | AddressLine1Txt |
| City | NORTHFIELD | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55057 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $283,832,365 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CARLETON.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1866 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE AN EXCEPTIONAL UNDERGRADUATE LIBERAL ARTS EDUCATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 31 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 30 | VotingMembersIndependentCnt |
| Total Employee | 2994 | TotalEmployeeCnt |
| Total Volunteers | 2738 | TotalVolunteersCnt |
| Total Gross UBI | $6,166,965 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $5,669,151 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $48,857,408 | PYContributionsGrantsAmt |
| CY Contributions Grants | $45,960,724 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $146,966,410 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $153,602,800 | CYProgramServiceRevenueAmt |
| PY Investment Income | $81,731,010 | PYInvestmentIncomeAmt |
| CY Investment Income | $92,503,081 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,404,586 | PYOtherRevenueAmt |
| CY Other Revenue | $4,455,645 | CYOtherRevenueAmt |
| PY Total Revenue | $280,959,414 | PYTotalRevenueAmt |
| CY Total Revenue | $296,522,250 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $53,596,093 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $56,935,377 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $92,232,445 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $98,895,653 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $6,928,442 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $78,000,316 | PYOtherExpensesAmt |
| CY Other Expenses | $84,150,745 | CYOtherExpensesAmt |
| PY Total Expenses | $223,828,854 | PYTotalExpensesAmt |
| CY Total Expenses | $239,981,775 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $57,130,560 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $56,540,475 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,658,331,169 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,727,307,245 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $167,328,120 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $162,222,483 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,491,003,049 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,565,084,762 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O.CARLETON COLLEGE IS A PRIVATE LIBERAL ARTS COLLEGE, LOCATED IN NORTHFIELD, MINNESOTA, BEST KNOWN FOR ITS ACADEMIC EXCELLENCE AND WARM, WELCOMING CAMPUS COMMUNITY. CARLETON OFFERS 33 MAJORS AND 37 MINORS IN THE ARTS, HUMANITIES, NATURAL SCIENCES, MATHEMATICS, AND SOCIAL SCIENCES.THE CARLETON COLLEGE MISSION IS TO PROVIDE AN EXCEPTIONAL UNDERGRADUATE LIBERAL ARTS EDUCATION. THE COLLEGE IS DEVOTED TO ACADEMIC EXCELLENCE, DISTINGUISHED BY THE CREATIVE INTERPLAY OF TEACHING, LEARNING, AND SCHOLARSHIP AND IS DEDICATED TO A DIVERSE RESIDENTIAL COMMUNITY AND EXTENSIVE INTERNATIONAL ENGAGEMENTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $132,663,245 | ExpenseAmt |
| Grant | $56,677,887 | GrantAmt |
| Revenue | $125,800,273 | RevenueAmt |
| Desc | INSTRUCTION - CARLETON COLLEGE EXISTS TO PROVIDE AN EXCEPTIONAL LIBERAL ARTS EDUCATION FOR STUDENTS, PREPARING THEM FOR LEADERSHIP IN THEIR COMMUNITIES, COUNTRIES AND THE WORLD (2,007 STUDENTS). A STUDENT - FACULTY RATIO OF 8:1 SUPPORTS CLASSROOM, LABORATORY, OFF-CAMPUS STUDY AND RESEARCH OPPORTUNITIES, AVERAGE CLASS SIZE IS 16, STUDENT FINANCIAL AID PROGRAMS - CARLETON MEETS 100% OF THE DEMONSTRATED FINANCIAL NEED OF ALL ADMITTED STUDENTS (1,160 STUDENTS). | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $32,082,591 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | ACADEMIC SUPPORT - PROGRAMS TO ENHANCE THE CARLETON LIBERAL ARTS EXPERIENCE WITH LIBRARY AND INFORMATION TECHNOLOGY RESOURCES (2,007 STUDENTS). | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $19,367,695 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $26,963,193 | RevenueAmt |
| Desc | AUXILIARY ENTERPRISES - CARLETON COLLEGE MAINTAINS A RURAL RESIDENTIAL CAMPUS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENT BODY WITH ROOM AND BOARD PROGRAMS DESIGNED TO ENCOURAGE A SPIRIT OF COLLEGIALITY AND CONVERSATION BEYOND THE CLASSROOM AND LABORATORY (1,931 STUDENTS). | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (3 entries)
| ExpenseExpenseAmt | GrantGrantAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|---|
| $20,082,174 | $80,000 | $0 | STUDENT SERVICES PROGRAMS - PROGRAMS DESIGNED TO SUPPORT THE CARLETON COLLEGE STUDENT LIFE EXPERIENCE INCLUDING CO-CURRICULAR AND RECREATIONAL OPPORTUNITIES (2,007 STUDENTS). |
| $5,355,063 | $177,490 | $0 | RESEARCH - FACULTY AND STUDENT RESEARCH TO ENHANCE THE ACADEMIC INSTRUCTIONAL EXPERIENCE |
| $1,197,012 | $0 | $839,334 | SUMMER ACADEMIC PROGRAMS - PROGRAMS FOR HIGH SCHOOL STUDENTS AND WORKSHOPS FOR TEACHERS OF ADVANCED PLACEMENT ENRICHED OR ACCELERATED CLASSES IN GRADES 7-12 TO DEVELOP SKILLS FOR RIGOROUS ACADEMIC PROGRAMS (156 ATTENDEES) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $26,634,249 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $257,490 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $839,334 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $210,747,780 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 2946 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2994 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | FR | ForeignCountryCd |
| Foreign Country | NZ | ForeignCountryCd |
| Foreign Country | SP | ForeignCountryCd |
| Foreign Country | IN | ForeignCountryCd |
| Foreign Country | ET | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | Yes (1) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 1 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | Yes (1) | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 31 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 30 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERIC RUNESTAD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5072225411 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE NORTH COLLEGE STREET | AddressLine1Txt |
| City | NORTHFIELD | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55057 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (44 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| ALISON BYERLY | |||||||||
| PRESIDENT | 60.00 | Yes (X) | Yes (X) | $669,567 | $0 | $107,688 | |||
| WALLY WEITZ | |||||||||
| TRUSTEE CHAIR | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JENINNE MCGEE | |||||||||
| TRUSTEE VICE CHAIR | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| CATHY PAGLIA | |||||||||
| TRUSTEE VICE CHAIR | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JOHN HARRIS | |||||||||
| SECRETARY | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| GREG AMUSU | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| LOVE ANANI | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARK APPLEBAUM | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| EMILY BARR | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALAN BAUER | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| VINAYA CHEPURI | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEPHEN DAVIS | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| ARNOLD DONALD | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| HERB FRITCH | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| CATHERINE GUNSBURY | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| DASHINI JEYATHURAI | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| LESLIE KAUTZ | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAM KIECKER ROYALL | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| RICH KRACUM | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| TRACE MCCREARY | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEVE PARRISH | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROLF PETERS | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| NIC PUZAK | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| RAUL RAYMUNDO | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID SMITH | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| MIKE SOBASKI | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALISON VON KLEMPERER | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL WIEBOLT | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| CANDACE WILLIAMS | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| DANA WRIGHT | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN YOUNGBLOOD | |||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||||
| ERIC RUNESTAD | |||||||||
| VP AND TREASURER | 60.00 | Yes (X) | $315,339 | $0 | $60,032 | ||||
| GRETCHEN E HOFMEISTER | |||||||||
| DEAN OF THE COLLEGE | 60.00 | Yes (X) | $226,942 | $0 | $23,249 | ||||
| MICHELLE MATTSON | |||||||||
| PROVOST & VP OF ACADEMIC AFFAIRS | 60.00 | Yes (X) | $148,222 | $0 | $15,778 | ||||
| ART D RODRIGUEZ | |||||||||
| VP & DEAN OF ADMISSIONS & FINANCIAL AID | 60.00 | $258,342 | $0 | $51,186 | Yes (X) | ||||
| CAROLYN H LIVINGSTON | |||||||||
| VP FOR STUDENT LIFE & DEAN OF STUDENTS | 60.00 | $208,175 | $0 | $82,052 | Yes (X) | ||||
| KELSEY DESHLER | |||||||||
| CHIEF INVESTMENT OFFICER | 60.00 | $789,397 | $0 | $59,524 | Yes (X) | ||||
| THOMAS BONNER | |||||||||
| VP FOR EXTERNAL RELATIONS | 60.00 | $365,733 | $0 | $60,973 | Yes (X) | ||||
| TIMOTHY GRIFFETH | |||||||||
| DIRECTOR OF INVESTMENTS | 60.00 | $514,098 | $0 | $88,514 | Yes (X) | ||||
| ELISE ESLINGER | |||||||||
| CHIEF OF STAFF | 60.00 | $212,662 | $0 | $43,665 | Yes (X) | ||||
| JULIE J NEIWORTH | |||||||||
| PROFESSOR OF PSYCHOLOGY | 60.00 | $216,931 | $0 | $25,709 | Yes (X) | ||||
| MICHAEL T HEMESATH | |||||||||
| PROFESSOR OF ECONOMICS | 60.00 | $215,751 | $0 | $15,873 | Yes (X) | ||||
| STEVEN G POSKANZER | |||||||||
| PRESIDENT (FORMER) | 60.00 | $371,884 | $0 | $40,723 | Yes (X) | ||||
| BEVERLY NAGEL | |||||||||
| DEAN OF THE COLLEGE (FORMER) | 60.00 | $335,585 | $0 | $41,785 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,848,628 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $716,751 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 218 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BON APPETIT | |||||
| 100 HAMILTON AVE STE 400 | PALO ALTO | CA | 94301 | DINING SERVICES | $11,004,643 |
| TERRA GENERAL CONTRACTORS LLC | |||||
| 21025 COMMERCE BLVD STE 1000 | ROGERS | MN | 55374 | GENERAL CONTRACTOR | $8,774,115 |
| INCLINE ALCHEMY INC | |||||
| PO BOX 1058 160 ALAMO PLAZA | ALAMO | CA | 94507 | INFORMATION TECHNOLOGY CONSULTANT | $2,808,568 |
| GEPHART ELECTRIC CO INC | |||||
| 3550 LABORE ROAD 11 | ST PAUL | MN | 55110 | GENERAL CONTRACTOR | $2,031,634 |
| RIVER CITY BUILDERS | |||||
| PO BOX 7 | NERSTRAND | MN | 55053 | GENERAL CONTRACTOR | $1,442,604 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 45 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $8,301,795 | GovernmentGrantsAmt |
| All Other Contributions | $37,658,929 | AllOtherContributionsAmt |
| Noncash Contributions | $11,648,480 | NoncashContributionsAmt |
| Total Contributions | $45,960,724 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611710 | $125,800,273 | $125,800,273 |
| ROOM AND BOARD | 611710 | $26,963,193 | $26,963,193 |
| SUMMER TEACHING INSTIT | 611310 | $839,334 | $839,334 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $153,602,800 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,291,901 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $6,014,759 | UnrelatedBusinessRevenueAmt |
| Exclusion | $9,277,142 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $185,699 | TotalRevenueColumnAmt |
| Exclusion | $185,699 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $378,599 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $382,527 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$3,928 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$3,928 | TotalRevenueColumnAmt |
| Exclusion | -$3,928 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $63,944,363 | SecuritiesAmt |
| Other | $194,405 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$13,767,091 | SecuritiesAmt |
| Other | $694,679 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $77,711,454 | SecuritiesAmt |
| Other | -$500,274 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $77,211,180 | TotalRevenueColumnAmt |
| Exclusion | $77,211,180 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| ALUMNI REUNION REGISTR | 900099 | $682,429 | $682,429 | |
| INSURANCE PROCEEDS | 900099 | $385,431 | $385,431 | |
| WIND TURBINE | 221000 | $152,206 | $152,206 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,053,808 | TotalRevenueColumnAmt |
| Exclusion | $3,053,808 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,273,874 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $296,522,250 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $153,602,800 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $6,166,965 | UnrelatedBusinessRevenueAmt |
| Exclusion | $90,791,761 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $257,490 | TotalAmt |
| Program Services | $257,490 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,677,887 | TotalAmt |
| Program Services | $56,677,887 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,783,887 | TotalAmt |
| Program Services | $231,024 | ProgramServicesAmt |
| Management And General | $2,279,693 | ManagementAndGeneralAmt |
| Fundraising | $273,170 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $386,617 | TotalAmt |
| Program Services | $77,323 | ProgramServicesAmt |
| Management And General | $222,095 | ManagementAndGeneralAmt |
| Fundraising | $87,199 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,270,972 | TotalAmt |
| Program Services | $63,552,505 | ProgramServicesAmt |
| Management And General | $5,066,590 | ManagementAndGeneralAmt |
| Fundraising | $2,651,877 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,604,754 | TotalAmt |
| Program Services | $5,351,961 | ProgramServicesAmt |
| Management And General | $975,937 | ManagementAndGeneralAmt |
| Fundraising | $276,856 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,721,939 | TotalAmt |
| Program Services | $9,958,603 | ProgramServicesAmt |
| Management And General | $2,236,277 | ManagementAndGeneralAmt |
| Fundraising | $527,059 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,127,484 | TotalAmt |
| Program Services | $4,354,765 | ProgramServicesAmt |
| Management And General | $556,521 | ManagementAndGeneralAmt |
| Fundraising | $216,198 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,661 | TotalAmt |
| Management And General | $150,661 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,054 | TotalAmt |
| Management And General | $106,054 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,952,780 | TotalAmt |
| Management And General | $6,952,780 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,415,172 | TotalAmt |
| Program Services | $9,188,426 | ProgramServicesAmt |
| Management And General | $1,423,581 | ManagementAndGeneralAmt |
| Fundraising | $803,165 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,505 | TotalAmt |
| Program Services | $33,049 | ProgramServicesAmt |
| Management And General | $55,456 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,347,224 | TotalAmt |
| Program Services | $3,658,104 | ProgramServicesAmt |
| Management And General | -$3,133 | ManagementAndGeneralAmt |
| Fundraising | $692,253 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,191,744 | TotalAmt |
| Program Services | $3,034,120 | ProgramServicesAmt |
| Management And General | $108,581 | ManagementAndGeneralAmt |
| Fundraising | $49,043 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,939,186 | TotalAmt |
| Program Services | $9,939,186 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,650,933 | TotalAmt |
| Program Services | $8,037,734 | ProgramServicesAmt |
| Management And General | $179,613 | ManagementAndGeneralAmt |
| Fundraising | $433,586 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,858,328 | TotalAmt |
| Program Services | $1,023,111 | ProgramServicesAmt |
| Management And General | $164,491 | ManagementAndGeneralAmt |
| Fundraising | $670,726 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,785,792 | TotalAmt |
| Program Services | $4,785,792 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,838,965 | TotalAmt |
| Program Services | $14,734,106 | ProgramServicesAmt |
| Management And General | $93,405 | ManagementAndGeneralAmt |
| Fundraising | $11,454 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,489,093 | TotalAmt |
| Program Services | $757,417 | ProgramServicesAmt |
| Management And General | $731,283 | ManagementAndGeneralAmt |
| Fundraising | $393 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| STUDENT DINING SERVICES | $9,133,831 | $9,132,767 | $1,064 | |
| MISCELLANEOUS EXPENSES | $5,009,305 | $4,635,689 | $192,841 | $180,775 |
| MEMBERSHIP FEES | $2,193,172 | $1,326,721 | $811,763 | $54,688 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $239,981,775 | TotalAmt |
| Program Services | $210,747,780 | ProgramServicesAmt |
| Management And General | $22,305,553 | ManagementAndGeneralAmt |
| Fundraising | $6,928,442 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,722,733 | BOYAmt |
| EOY | $31,676,170 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,233,003 | BOYAmt |
| EOY | $15,904,933 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,431,476 | BOYAmt |
| EOY | $1,900,890 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $410,455 | BOYAmt |
| EOY | $407,950 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,441,808 | BOYAmt |
| EOY | $2,039,742 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $533,492,711 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $173,926,258 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $358,627,500 | BOYAmt |
| EOY | $359,566,453 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $523,491,997 | BOYAmt |
| EOY | $563,288,481 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $704,700,552 | BOYAmt |
| EOY | $735,505,260 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,289,554 | BOYAmt |
| EOY | $1,853,461 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,982,091 | BOYAmt |
| EOY | $15,163,905 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,658,331,169 | BOYAmt |
| EOY | $1,727,307,245 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,610,918 | BOYAmt |
| EOY | $21,742,802 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,882,533 | BOYAmt |
| EOY | $5,343,619 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $120,161,008 | BOYAmt |
| EOY | $114,233,253 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $625,559 | BOYAmt |
| EOY | $195,008 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,048,102 | BOYAmt |
| EOY | $20,707,801 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,328,120 | BOYAmt |
| EOY | $162,222,483 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $694,224,045 | BOYAmt |
| EOY | $719,103,552 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $796,779,004 | BOYAmt |
| EOY | $845,981,210 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,491,003,049 | BOYAmt |
| EOY | $1,565,084,762 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,658,331,169 | BOYAmt |
| EOY | $1,727,307,245 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $56,540,475 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $19,329,338 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,788,100 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $45,784,488 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $51,715,968 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $85,839,092 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $48,857,408 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $45,960,724 | CurrentTaxYearAmt |
| Total | $278,157,680 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $45,784,488 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $51,715,968 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $85,839,092 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $48,857,408 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $45,960,724 | CurrentTaxYearAmt |
| Total | $278,157,680 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $48,503,515 | SubstantialContributorsTotAmt |
| Public Support Total170 | $229,654,165 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,504,330 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,921,321 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $35,397,163 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,594,822 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,841,440 | CurrentTaxYearAmt |
| Total | $96,259,076 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $2,410,974 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,850,421 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,922,701 | CurrentTaxYearAmt |
| Total | $12,184,096 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,594,045 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,996,981 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,316,585 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,266,351 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,121,668 | CurrentTaxYearAmt |
| Total | $14,295,630 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $400,896,482 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $702,664,817 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.57290 | PublicSupportCY170Pct |
| Public Support PY170 | 0.59560 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER REVENUE - 2018 AMOUNT: $ 2,594,045. 2019 AMOUNT: $ 1,996,981. 2020 AMOUNT: $ 2,316,585. 2021 AMOUNT: $ 3,266,351. 2022 AMOUNT: $ 4,121,668. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $0 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Volunteers | Yes (1) | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | Yes (1) | MailingsMembersInd |
| Publications Or Broadcast | Yes (1) | PublicationsOrBroadcastInd |
| Grants Other Organizations | Yes (1) | GrantsOtherOrganizationsInd |
| Grants Other Organizations | $106,600 | GrantsOtherOrganizationsAmt |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Rallies Demonstrations | Yes (1) | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $106,600 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE IS A MEMBER OF MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. CARLETON PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $130,369 DURING THE FISCAL YEAR. BASED ON FIGURES PROVIDED BY MPCC, $106,600 OF CARLETON'S DUES WENT, IN PART, TOWARD LOBBYING. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $9,946,913 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,112,930,501 | BeginningYearBalanceAmt |
| Contributions | $16,049,584 | ContributionsAmt |
| Investment Earnings Or Losses | $104,179,465 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $14,901,264 | GrantsOrScholarshipsAmt |
| Other Expenditures | $35,159,550 | OtherExpendituresAmt |
| Administrative Expenses | $6,567,258 | AdministrativeExpensesAmt |
| End Year Balance | $1,176,531,478 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,177,591,148 | BeginningYearBalanceAmt |
| Contributions | $24,155,753 | ContributionsAmt |
| Investment Earnings Or Losses | -$31,932,372 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $13,763,033 | GrantsOrScholarshipsAmt |
| Other Expenditures | $34,441,127 | OtherExpendituresAmt |
| Administrative Expenses | $8,679,867 | AdministrativeExpensesAmt |
| End Year Balance | $1,112,930,501 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $877,276,225 | BeginningYearBalanceAmt |
| Contributions | $63,397,175 | ContributionsAmt |
| Investment Earnings Or Losses | $290,531,660 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $12,562,398 | GrantsOrScholarshipsAmt |
| Other Expenditures | $32,615,343 | OtherExpendituresAmt |
| Administrative Expenses | $8,436,171 | AdministrativeExpensesAmt |
| End Year Balance | $1,177,591,148 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $907,276,053 | BeginningYearBalanceAmt |
| Contributions | $23,090,538 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,606,087 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $11,188,431 | GrantsOrScholarshipsAmt |
| Other Expenditures | $31,625,670 | OtherExpendituresAmt |
| Administrative Expenses | $7,670,178 | AdministrativeExpensesAmt |
| End Year Balance | $877,276,225 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $894,233,503 | BeginningYearBalanceAmt |
| Contributions | $29,076,410 | ContributionsAmt |
| Investment Earnings Or Losses | $32,053,614 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $10,756,962 | GrantsOrScholarshipsAmt |
| Other Expenditures | $30,048,391 | OtherExpendituresAmt |
| Administrative Expenses | $7,282,121 | AdministrativeExpensesAmt |
| End Year Balance | $907,276,053 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.34200 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.65800 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,493,728 | OtherCostOrOtherBasisAmt |
| Book Value | $2,493,728 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $404,765,900 | OtherCostOrOtherBasisAmt |
| Depreciation | $122,696,381 | DepreciationAmt |
| Book Value | $282,069,519 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $108,954,986 | OtherCostOrOtherBasisAmt |
| Depreciation | $51,229,877 | DepreciationAmt |
| Book Value | $57,725,109 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,278,097 | OtherCostOrOtherBasisAmt |
| Book Value | $17,278,097 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $359,566,453 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PRIVATE EQUITY | $295,471,152 | F |
| HEDGE FUNDS | $233,605,335 | F |
| REAL ASSETS | $158,356,954 | F |
| PLANNED GIFT AGREEMENTS AND OTHER | $48,071,819 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $735,505,260 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES PAYABLE | $17,957,543 |
| ASSET RETIREMENT OBLIGATION | $2,750,258 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $20,707,801 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $250,815,348 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $19,329,338 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$1,405,573 | OtherRevenueAmt |
| Revenue Not Reported | $17,923,765 | RevenueNotReportedAmt |
| Revenue Subtotal | $232,891,583 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $6,952,780 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $56,677,887 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $63,630,667 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $296,522,250 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $176,733,635 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $382,527 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $382,527 | ExpensesNotReportedAmt |
| Expenses Subtotal | $176,351,108 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $6,952,780 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $56,677,887 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $63,630,667 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $239,981,775 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | CARLETON'S ART COLLECTION IS FOR STUDENT RESEARCH AND STUDY INCLUDING COLLEGE ARCHIVES OF INSTITUTIONALLY SIGNIFICANT TREASURES AN LIBRARY COLLECTIONS. |
| PART IV, LINE 2B: | THE COLLEGE REPORTS ON FORM 990, PART X, LINE 21 AMOUNTS HELD FOR THE PERKINS LOAN PROGRAM THAT ARE REFUNDABLE TO THE GOVERNMENT AND REPORTED AS A LIABILITY ON THE COLLEGE'S FINANCIAL STATEMENTS. |
| PART V, LINE 4: | ENDOWMENT FUNDS ARE TO SUPPORT GRANTS TO STUDENTS AND THE PROGRAM SERVICES OF THE COLLEGE. |
| PART X, LINE 2: | THE COLLEGE IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND SIMILAR STATUTES OF MINNESOTA LAW. IT IS EXEMPT FROM INCOME TAXES ON RELATED INCOME. THE COLLEGE FILES U.S. FEDERAL AND VARIOUS STATE TAX RETURNS ON NET UNRELATED BUSINESS INCOME. THE TAX CUTS AND JOBS ACT (TCJA), ENACTED ON DECEMBER 22, 2017, REQUIRES THE COLLEGE TO PAY AN EXCISE TAX ON NET INVESTMENT INCOME FOR TAXABLE YEARS BEGINNING AFTER DECEMBER 31, 2017 WHENEVER THE AGGREGATE FAIR MARKET VALUE OF ASSETS AT THE END OF THE PRECEDING TAXABLE YEAR IS AT LEAST $500,000 PER STUDENT. THE COLLEGE RECORDED AN ESTIMATED TAX OBLIGATION OF $800,000 FOR THE FISCAL YEAR ENDED JUNE 30, 2023. EXCISE TAX REMITTED FOR THE PERIOD ENDED JUNE 30, 2022 WAS $628,353. THE COLLEGE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO OTHER UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | NET CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,788,100. RENTAL EXPENSES 382,527. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | GRANTS TO STUDENTS 56,677,887. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 382,527. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | GRANTS TO STUDENTS 56,677,887. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE COLLEGE USES PAPER AND BROADCAST MEDIA IN SOLICITATION OF STUDENTS. WE PUBLICIZE OUR NONDISCRIMINATORY POLICY IN ALL PRINTED BROCHURES, MAGAZINES, APPLICATION MATERIAL AND WEBSITE INFORMATION. |
| SCHEDULE E, PART I, LINE 6 | CARLETON COLLEGE PARTICIPATES IN THE FEDERAL STUDENT FINANCIAL AID PROGRAM ADMINISTERED THROUGH THE U.S. DEPARTMENT OF EDUCATION. CARLETON STUDENTS RECEIVE FUNDING FROM CAMPUS-BASED PROGRAMS (PERKINS, SEOG, AND FEDERAL WORK STUDY) AS WELL AS FEDERAL PELL GRANTS AND FEDERAL STUDENT LOANS. IN ADDITION, CARLETON STUDENTS RECEIVE FUNDING FROM THE MINNESOTA STATE GRANT, WORK-STUDY AND SELF LOAN PROGRAMS ADMINISTERED THROUGH THE MINNESOTA OFFICE OF HIGHER EDUCATION. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (22 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | 0 | 0 | INVESTMENTS | $321,879,313 | |
| SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, | 0 | 0 | INVESTMENTS | $11,040,429 | |
| NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES | 0 | 0 | INVESTMENTS | $4,017,831 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | INVESTMENTS | $46,850,751 | |
| EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, | 0 | 0 | PROGRAM SERVICES | $504,791 | OFF CAMPUS STUDIES - ART IN AUSTRALIA |
| SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, | 0 | 0 | PROGRAM SERVICES | $424,984 | OFF CAMPUS STUDIES - BUDDHIST STUDIES IN BODH GAYA, INDIA |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | $335,874 | OFF CAMPUS STUDIES - ECONOMICS IN CAMBRIDGE |
| SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, | 0 | 0 | PROGRAM SERVICES | $32,725 | OFF CAMPUS STUDIES - CLIMATE CHANGE AND HUMAN HEALTH IN ETHIOPIA |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | $461,151 | OFF CAMPUS STUDIES -HISTORY OF COMPUTING IN ENGLAND |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | $204,346 | OFF CAMPUS STUDIES - NATIONALISM AND XENOPHOBIA IN EASTERN AND CENTRAL EUROPE |
| EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, | 0 | 0 | PROGRAM SERVICES | $413,119 | OFF CAMPUS STUDIES - GEOLOGY IN NEW ZEALAND |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | $251,845 | OFF CAMPUS STUDIES - GERMANY STUDIES IN BERLIN |
| EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, | 0 | 0 | PROGRAM SERVICES | $250,253 | OFF CAMPUS STUDIES - LINGUISTICS AND CULTURE IN JAPAN |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | $437,971 | OFF CAMPUS STUDIES - LIVING LONDON |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | $217,286 | OFF CAMPUS STUDIES - SPANISH STUDIES IN MADRID |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | $263,599 | OFF CAMPUS STUDIES - FRENCH AND FRANCOPHONE STUDIES IN PARIS |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | $302,523 | OFF CAMPUS STUDIES - CROSS-CULTURE PSYCHOLOGY IN PRAGUE |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | $483,594 | OFF CAMPUS STUDIES - HISTORY, RELIGION, AND URBAN CHANGE IN MEDIEVAL RENAISSANCE ROME |
| RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, | 0 | 0 | PROGRAM SERVICES | $188,612 | OFF CAMPUS STUDIES - KAZAKHSTAN/RUSSOPHONE STUDIES IN CENTRAL ASIA |
| SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, | 0 | 0 | PROGRAM SERVICES | $199,979 | OFF CAMPUS STUDIES - INDIA: GLOBALIZATION AND LOCAL RESPONSES |
| NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES | 0 | 0 | PROGRAM SERVICES | $53,656 | OFF CAMPUS STUDIES - SYSTEMS OF SOCIO-ECOLOGICAL SUSTAINABILITY IN OAXACA, MEXICO |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | PROGRAM SERVICES | $201,546 | OFF CAMPUS STUDIES - WOMEN & GENDER STUDIES IN EUROPE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $385,086,698 | SubtotalSpentAmt |
| Continuation Spent | $3,929,480 | ContinuationSpentAmt |
| Total Spent | $389,016,178 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3: | THE COLLEGE USES THE ACCRUAL METHOD OF ACCOUNTING TO REPORT EXPENDITURES ON PART I. |
| PART III ACCOUNTING METHOD: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF CALIFORNIA - DAVIS | ||||||||||
| 1 SHIELDS AVENUE | DAVIS | CA | 95616 | 946036494 | 501(C)(3) | $16,565 | $0 | N/A | N/A | RUI: LINKING ECOLOGY, BEHAVIOR, AND IMMUNOLOGY TO SPATIO-TEMPORAL VARIATION IN HELMINTH TRANSMISSION. |
| UNIVERSITY OF WISCONSIN - MADISON | ||||||||||
| 21 N PARK STREET SUITE 6301 | MADISON | WI | 537151218 | 396006492 | 501(C)(3) | $43,100 | $0 | N/A | N/A | RUI: LINKING ECOLOGY, BEHAVIOR, AND IMMUNOLOGY TO SPATIO-TEMPORAL VARIATION IN HELMINTH TRANSMISSION. |
| UNIVERSITY OF WASHINGTON | ||||||||||
| BOX354966 | SEATTLE | WA | 98195 | 916001537 | 501(C)(3) | $27,358 | $0 | N/A | N/A | CAREER: TEMPORAL DYNAMICS OF MICROBIAL AND VIRAL FUNCTION AND ADAPTATION IN HYDROTHERMAL VENTS. |
| THE JACKSON LABORATORY | ||||||||||
| PO BOX 254 | BAR HARBOR | ME | 04609 | 010211513 | 501(C)(3) | $38,645 | $0 | N/A | N/A | ONLINE MODULES FOR QUANTITATIVE SKILL BUILDING: EXPLORING, ADAPTATION AND ADOPTION. |
| UNIVERSITY OF CALIFORNIA - SAN DIEGO | ||||||||||
| 9500 GILMAN DRIVE | LA JOLLA | CA | 920930934 | 956006144 | 501(C)(3) | $28,376 | $0 | N/A | N/A | DEVELOPMENT OF NOVEL AUGMENTED REALITY TOOL FOR TEACHING MOLECULAR VISUALIZATION IN BIOCHEMISTRY. |
| PENN STATE UNIVERSITY | ||||||||||
| 110 TECHNOLOGY CTR BLDG | UNIVERSITY PARK | PA | 16802 | 246000376 | 501(C)(3) | $23,446 | $0 | N/A | N/A | 20-EPRV20_2-0014, LINKING SOLAR MAGNETIC ACTIVITY AND RADIAL VELOCITY VARIABILITY WITH ULTRA-HIGH RESOLUTION LASER HETERODYNE SPECTROSCOPY. |
| CITY OF NORTHFIELD | ||||||||||
| 801 WASHINGTON STREET | NORTHFIELD | MN | 55057 | 416005424 | 115 | $80,000 | $0 | N/A | N/A | COMMUNITY ENGAGEMENT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 6 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | STUDENT SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 1777 | RecipientCnt |
| Cash Grant | $56,677,887 | CashGrantAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | GRANTS TO ORGANIZATIONS REQUIRE QUARTERLY PROGRAM REPORTING INCLUDING A NARRATIVE AND FINANCIAL SUMMARY THAT IS REVIEWED BY THE PROGRAM DIRECTOR. SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE 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 THE COLLEGE'S POLICY. |
| SCHEDULE I, PART II, COLUMN (H): | NSF SUBAWARD - STEP CENTER/INTEGRATE: INTERDISCIPLINARY TEACHING OF GEOSCIENCE FOR A SUSTAINABLE FUTURE |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KELSEY DESHLER | ||||||||||||||
| CHIEF INVESTMENT OFFICER | $362,182 | $0 | $420,072 | $0 | $7,143 | $0 | $28,500 | $0 | $31,024 | $0 | $848,921 | $0 | $0 | $0 |
| ALISON BYERLY | ||||||||||||||
| PRESIDENT | $630,175 | $0 | $0 | $0 | $39,392 | $0 | $30,500 | $0 | $77,188 | $0 | $777,255 | $0 | $0 | $0 |
| TIMOTHY GRIFFETH | ||||||||||||||
| DIRECTOR OF INVESTMENTS | $263,670 | $0 | $249,888 | $0 | $540 | $0 | $30,450 | $0 | $58,064 | $0 | $602,612 | $0 | $0 | $0 |
| THOMAS BONNER | ||||||||||||||
| VP FOR EXTERNAL RELATIONS | $355,961 | $0 | $0 | $0 | $9,772 | $0 | $30,500 | $0 | $30,473 | $0 | $426,706 | $0 | $0 | $0 |
| STEVEN G POSKANZER | ||||||||||||||
| PRESIDENT (FORMER) | $361,792 | $0 | $0 | $0 | $10,092 | $0 | $30,500 | $0 | $10,223 | $0 | $412,607 | $0 | $0 | $0 |
| BEVERLY NAGEL | ||||||||||||||
| DEAN OF THE COLLEGE (FORMER) | $328,707 | $0 | $0 | $0 | $6,878 | $0 | $30,500 | $0 | $11,285 | $0 | $377,370 | $0 | $0 | $0 |
| ERIC RUNESTAD | ||||||||||||||
| VP AND TREASURER | $308,099 | $0 | $0 | $0 | $7,240 | $0 | $30,500 | $0 | $29,532 | $0 | $375,371 | $0 | $0 | $0 |
| ART D RODRIGUEZ | ||||||||||||||
| VP & DEAN OF ADMISSIONS & FINANCIAL | $257,532 | $0 | $0 | $0 | $810 | $0 | $26,852 | $0 | $24,334 | $0 | $309,528 | $0 | $0 | $0 |
| CAROLYN H LIVINGSTON | ||||||||||||||
| VP FOR STUDENT LIFE & DEAN OF STUDEN | $202,565 | $0 | $4,800 | $0 | $810 | $0 | $21,719 | $0 | $60,333 | $0 | $290,227 | $0 | $0 | $0 |
| ELISE ESLINGER | ||||||||||||||
| CHIEF OF STAFF | $206,224 | $0 | $4,800 | $0 | $1,638 | $0 | $21,535 | $0 | $22,130 | $0 | $256,327 | $0 | $0 | $0 |
| GRETCHEN E HOFMEISTER | ||||||||||||||
| DEAN OF THE COLLEGE | $224,620 | $0 | $0 | $0 | $2,322 | $0 | $22,495 | $0 | $754 | $0 | $250,191 | $0 | $0 | $0 |
| JULIE J NEIWORTH | ||||||||||||||
| PROFESSOR OF PSYCHOLOGY | $169,123 | $0 | $0 | $0 | $47,808 | $0 | $17,165 | $0 | $8,544 | $0 | $242,640 | $0 | $0 | $0 |
| MICHAEL T HEMESATH | ||||||||||||||
| PROFESSOR OF ECONOMICS | $196,932 | $0 | $0 | $0 | $18,819 | $0 | $15,873 | $0 | $0 | $0 | $231,624 | $0 | $0 | $0 |
| MICHELLE MATTSON | ||||||||||||||
| PROVOST & VP OF ACADEMIC AFFAIRS | $140,185 | $0 | $0 | $0 | $8,037 | $0 | $0 | $0 | $15,778 | $0 | $164,000 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | ALISON BYERLY: RESIDENCE FOR PERSONAL USE ($44,935) AND HOUSE CLEANING SERVICES ($5,222), NOT INCLUDED IN TAXABLE INCOME AS THE HOUSING ASSIGNMENT IS REQUIRED BY THE COLLEGE AS A CONDITION OF EMPLOYMENT. CAROLYN LIVINGSTON: RESIDENCE FOR PERSONAL USE ($30,600), NOT INCLUDED IN TAXABLE INCOME AS THE HOUSING ASSIGNMENT IS REQUIRED BY THE COLLEGE AS A CONDITION OF EMPLOYMENT. ALISON BYERLY: SPOUSAL TRAVEL PAID BY COLLEGE THAT IS NOT FOR BUSINESS PURPOSES IS TREATED AS TAXABLE INCOME TO THE EMPLOYEE ($2,904). |
| PART I, LINE 7 | INVESTMENT OFFICERS ARE COMPENSATED PER AN INCENTIVE COMPENSATION STRUCTURE DESIGNED TO A LINE THE PERFORMANCE GOALS OF THE INVESTMENT OFFICE WITH THE NEEDS OF THE COLLEGE. THESE NON-FIXED PAYMENTS DEPEND ON THE INVESTMENT PERFORMANCE. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MN HIGHER EDUCATION FACILITIES AUTHORITY SERIES 2017 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 410988525 | BondIssuerEIN |
| CUSIP | 60416H3W2 | CUSIPNum |
| Bond Issued | 2017-05-24 | BondIssuedDt |
| Issue Price | $124,900,000 | IssuePriceAmt |
| Purpose | WEITZ CENTER MUSIC ADDITION, SCIENCE COMPLEX CONSTRUCTION, UTILITY | PurposeDesc |
| Defeased | Yes (1) | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $21,445,000 | RetiredAmt |
| Total Proceeds | $139,670,300 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $756,612 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $70,000,000 | CapitalExpendituresAmt |
| Other Spent Proceeds | $68,913,688 | OtherSpentProceedsAmt |
| Substantial Completion | 2020 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (1) | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | Yes (1) | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| DATE REBATE COMPUTATION PERFORMED | ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY SERIES 2017 DATE THE REBATE COMPUTATION WAS PERFORMED: 04/26/2022 |
| SCHEDULE K, PART I, BOND ISSUES, COLUMN (F) | (B) DESCRIPTION OF PURPOSE: WEITZ CENTER MUSIC ADDITION, SCIENCE COMPLEX CONSTRUCTION, UTILITY INFRASTRUCTURE IMPROVEMENTS & ADDITIONS |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 110 | ContributionCnt |
| Noncash Contributions Rpt F990 | $10,039,040 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Real Estate Residential RealEstateResidentialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $884,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | LIFE INSURANCE | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $725,440 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | CASH SURRENDER VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 2 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. |
| PART I, LINE 32B: | THE COLLEGE WILL RETAIN AN ATTORNEY FOR NON CASH REAL ESTATE GIFTS, AS NEEDED. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE COLLEGE'S EXECUTIVE COMMITTEE INCLUDES THE CHAIR OF EACH BOARD COMMITTEE AND THE PRESIDENT. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE COLLEGE EXCEPT THAT UNLESS SPECIFICALLY EMPOWERED BY THE BOARD OF TRUSTEES TO DO SO, IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, ALTER BYLAWS, REMOVE OR APPOINT THE PRESIDENT OF THE COLLEGE, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED FOR THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT PRESENTED THE FORM IN ITS ENTIRETY TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO SUBMITTING IT TO THE IRS. THE FORM 990 IS ALSO INCLUDED ON THE COLLEGE WEBSITE. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. INTERESTS INCLUDE RELATED PARTY RELATIONSHIPS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES OR OTHER ORGANIZATIONS. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1) THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2) THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTIONS; 3) A COMPETITIVE BID FOR COMPARABLE VALUATION EXISTS; AND 4) THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. INDIVIDUALS WITH AN IDENTIFIED CONFLICT OF INTEREST ARE RESTRICTED IN HOW THEY ARE ALLOWED TO PROCEED WITH THE TRANSACTION. THE INDIVIDUALS ARE ALLOWED TO PARTICIPATE IN THE DISCUSSION, BUT NOT ALLOWED TO VOTE ON THE TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT'S COMPENSATION IS DETERMINED ANNUALLY BY THE HUMAN RESOURCES SUBCOMMITTEE OF THE BOARD OF TRUSTEES. THE REVIEW COMPARES DATA FROM 25 OF THE COLLEGE'S PEER INSTITUTIONS, AS WELL AS UTILIZING VARIOUS SALARY SURVEYS. EVERY THIRD YEAR THE COLLEGE USES AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT THE REVIEW. A FORMAL REVIEW OF COMPENSATION IS CONDUCTED ANNUALLY. THE REVIEW COMPARES DATA FROM 25 OF THE COLLEGE'S PEER INSTITUTIONS, AS WELL AS UTILIZING VARIOUS SALARY SURVEYS. THE COLLEGE USES THE PROCESS TO REVIEW THE FOLLOWING POSITIONS: VICE PRESIDENT & TREASURER, VICE PRESIDENT OF EXTERNAL RELATIONS, VICE PRESIDENT & DEAN OF THE COLLEGE, VICE PRESIDENT & DEAN OF ADMISSIONS, VICE PRESIDENT OF STUDENT LIFE & DEAN OF STUDENTS, CHIEF OF STAFF, CHIEF INVESTMENT OFFICER, AND DIRECTOR OF INVESTMENTS. THE PRESIDENT SUBMITS SALARY RECOMMENDATIONS FOR THE VICE PRESIDENTS, THE CHAIR OF THE INVESTMENT COMMITTEE SUBMITS RECOMMENDATIONS FOR THE CHIEF INVESTMENT OFFICER, & THE CHIEF INVESTMENT OFFICER SUBMITS RECOMMENDATIONS FOR THE DIRECTOR OF INVESTMENTS TO BOTH THE HUMAN RESOURCES SUBCOMMITTEE AND THE EXECUTIVE COMMITTEE FOR APPROVAL. EVERY THIRD YEAR THE COLLEGE USES AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT THE REVIEW. THE INDEPENDENT CONSULTANT REVIEW WAS LAST COMPLETED IN MAY 2021 AND THE FORMAL ANNUAL REVIEW WAS LAST COMPLETED IN 2022. |
| FORM 990, PART VI, SECTION C, LINE 19 | CARLETON'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE AND ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | NET CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,788,100. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| PATRICIA V DAMON SCHOLARSHIP FUND | ||||||||||
| 230 FRONT ST N | LACROSSE | WI | 54601 | 686229419 | TRUST | WI | 501(C)(3) | LINE 12B, II | CARLETON COLLEGE | Yes (1) |
| S EUGENE BAILEY SCHOLARSHIP TRUST | ||||||||||
| PO BOX 64713 | ST PAUL | MN | 55164 | 416439914 | TRUST | MN | 501(C)(3) | PF | CARLETON COLLEGE | Yes (1) |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER TRUSTS (52) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE NORTH COLLEGE STREET | AddressLine1Txt |
| City | NORTHFIELD | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55057 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | CHARITABLE REMAINDER TRUSTS | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARLETON COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | T | EntityTypeTxt |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| PATRICIA V DAMON SCHOLARSHIP FUND | ||
| S | $142,000 | FMV |
| S EUGENE BAILEY SCHOLARSHIP TRUST | ||
| S | $215,527 | FMV |
| CHARITABLE REMAINDER TRUSTS | ||
| S | $85,319 | FMV AT DATE OF DEATH |