2025-05-08T09:08:26-04:00 2024-06-30 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2023-07-01 231352683 SWARTHMORE COLLEGE % CARRIE DIENNA SWAR 6103288000 500 COLLEGE AVENUE SWARTHMORE PA 19081 ROBERT GOLDBERG VP FINANCE & ADMIN 6103286040 2025-05-07 true true ANTONIO C RUSSO P00858539 2673303000 2025-05-06 2023 2025-03-06 01:10:19Z ROBERT GOLDBERG 500 COLLEGE AVENUE SWARTHMORE PA 19081 1179977262 false X swarthmore.edu X 1864 PA SEE SCHEDULE O 36 36 2830 1108 10455944 0 21864000 16887000 127754000 135938000 112013103 199953564 9037095 8862494 270668198 361641058 51792000 55520000 0 0 123291527 139552835 43158 56815 8200174 95336121 105650555 270462806 300780205 205392 60860853 3463772000 3596866000 441510000 542297000 3022262000 3054569000 X SEE SCHEDULE O false false 236935552 55520000 135938000 SWARTHMORE IS A CO-EDUCATIONAL COLLEGE OF LIBERAL ARTS AND ENGINEERING DEDICATED TO INTELLECTUAL EXPLORATION, ACCESS, AND EDUCATING FOR THE COMMON GOOD. THE AVERAGE ENROLLMENT FOR FISCAL YEAR 2023-24 WAS 1,730. THERE WERE 166 STUDENTS STUDYING ABROAD. OF THE TOTAL STUDENT POPULATION, 1,470 COME FROM ACROSS THE UNITED STATES WHILE 260 COME FROM OTHER NATIONS. SWARTHMORE'S COMMITMENT TO FINANCIAL AID AND ACCESS IS AT THE CORE OF OUR EDUCATIONAL MISSION. THE COLLEGE STRIVES TO MAKE IT POSSIBLE FOR ALL ADMITTED STUDENTS TO ATTEND SWARTHMORE, REGARDLESS OF THEIR ABILITY TO PAY, AND MEETS 100 PERCENT OF DETERMINED NEED FOR ALL ADMITTED STUDENTS. NEARLY 52 PERCENT OF STUDENTS RECEIVED NEED- ASED SWARTHMORE SCHOLARSHIP AID FROM AN OVERALL FINANCIAL AID EXPENDITURES OF $56 MILLION. SWARTHMORE'S AID AWARDS CONSIST OF GRANTS (WHICH DO NOT NEED TO BE REPAID) AND THE EXPECTATION THAT STUDENTS WILL WORK IN A PART-TIME CAMPUS-BASED JOB. THE COLLEGE'S FINANCIAL AID AWARDS ARE LOAN-FREE. SWARTHMORE'S 425-ACRE ARBORETUM CAMPUS INCLUDES THE CRUM WOODS, A NATURALLY WOODED AREA COMPRISING NEARLY THREE-FIFTHS OF THE COLLEGE'S LAND. IN 2015, THE COLLEGE LAUNCHED ITS ENVIRONMENTAL SUSTAINABILITY FRAMEWORK, A SET OF GUIDELINES FOR CAPITAL PROJECTS AND FACILITIES OPERATIONS THAT INCLUDES SUSTAINABLE BUILDING GUIDELINES AND A PROJECT CHECKLIST. THE FOLLOWING YEAR, THE COLLEGE INSTITUTED A CARBON CHARGE THAT PROVIDES FUNDING FOR CAMPUS INITIATIVES AND PROJECTS THAT INCREASE ENERGY CONSERVATION AND EFFICIENCY AND PROMOTE RENEWABLE ENERGY. SWARTHMORE WAS HONORED TO RECEIVE A 2017 SUSTAINABLE CAMPUS EXCELLENCE AWARD IN THE INNOVATIVE COLLABORATION CATEGORY FROM THE INTERNATIONAL SUSTAINABLE CAMPUS NETWORK FOR OUR CARBON CHARGE PROGRAM. SWARTHMORE COLLEGE IS COMMITTED TO THE PRINCIPLE OF EQUAL OPPORTUNITY FOR ALL QUALIFIED PERSONS, WITHOUT DISCRIMINATION AGAINST ANY PERSON BY REASON OF SEX, RACE, COLOR, AGE, RELIGION, NATIONAL ORIGIN, HANDICAP, OR SEXUAL ORIENTATION. THIS POLICY IS CONSISTENT WITH RELEVANT GOVERNMENTAL STATUES AND REGULATIONS, INCLUDING THOSE PURSUANT TO TITLE IX OF THE FEDERAL EDUCATION AMENDMENTS OF 1972 AND SECTION 504 OF THE FEDERAL REHABILITATION ACT OF 1973. 236935552 true true false true false false false true false true true true false false true true false true true false true false true true true false false false true true true true true true false false true false false false false true false false false true true true true false false true 2413 0 true 2830 true true true false false false false true true false false false false false true X 36 36 false false false false false false false true true false false true true true true true true true true false CA KY MD MA MI NH NJ NY OK OR PA SC X X CARRIE DIENNA 6103287686 500 COLLEGE AVENUE SWARTHMORE PA 19081 X VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 40.0 0.0 X X 711643 0 437900 MARK C AMSTUTZ CHIEF INVEST OFF.(UNTIL 12/23) 40.0 0.0 X 522296 0 55400 ROBERT GOLDBERG VP FINANCE & ADMIN & TREASURER 40.0 0.0 X 495249 0 55234 ELIZABETH BOLUCH-WOOD VP OF COLLEGE ADVANCEMENT 40.0 0.0 X 459461 0 58724 FRANK C GRUNSEICH CHIEF INVEST OFF.(AS OF 1/24) 40.0 0.0 X 412124 0 60868 THOMAS STEPHENSON PROFESSOR 40.0 0.0 X 391172 0 24572 ANDREW HIRSCH VP FOR COMMUNICATIONS 40.0 0.0 X 307640 0 57501 JAMES L BOCK III VP AND DEAN OF ADMISSIONS 40.0 0.0 X 269315 0 82932 RENEE ATKINSON ASSOCIATE VP GIFT PLANNING 40.0 0.0 X 298503 0 50062 E CARR EVERBACH PROFESSOR 40.0 0.0 X 270654 0 50121 SHARMAINE BRADHAM LAMAR ESQ GENERAL COUNSEL 40.0 0.0 X 244238 0 72942 TOMOKO SAKOMURA PROVOST & DEAN OF THE FACULTY 40.0 0.0 X 263111 0 52912 BETH GLASSMAN VP HUMAN RESOURCES 40.0 0.0 X 259797 0 48578 KATHERINE RENNINGER PROFESSOR 40.0 0.0 X 243931 0 41113 ANDREW FEICK FORMER CO-INTERIM VP FIN&ADMIN 40.0 0.0 X 230164 0 51098 DONNA JO NAPOLI PROFESSOR 40.0 0.0 X 246630 0 31792 JASON PARKHILL CHIEF INFORMATION OFFICER 40.0 0.0 X 207912 0 48235 ERIN BROWNLEE DELL CHIEF OF STAFF & SECRETARY 40.0 0.0 X 186791 0 55847 ALICE TURBIVILLE ASSISTANT TREASURER 40.0 0.0 X 187811 0 40466 BRADLEY KOCH DIRECTOR OF ATHLETICS 40.0 0.0 X 189388 0 19702 ROBIN HUNTINGDON SHORES ASSISTANT SECRETARY 40.0 0.0 X 148973 0 37190 STEPHANIE IVES VP FOR STUDENT AFFAIRS 40.0 0.0 X 174185 0 6488 CARRIE DIENNA FORMER ACTING ASST TREASURER 40.0 0.0 X 162240 0 16966 LESLIE ABBEY TRUSTEE 4.0 0.0 X 0 0 0 WILLIAM BOULDING TRUSTEE 4.0 0.0 X 0 0 0 DAVID G BRADLEY TRUSTEE 2.0 0.0 X 0 0 0 JOHN P CHEN TRUSTEE 2.0 0.0 X 0 0 0 THOM COLLINS TRUSTEE 4.0 0.0 X 0 0 0 SEAN DECATUR TRUSTEE 2.0 0.0 X 0 0 0 ELIZABETH ECONOMY TRUSTEE 4.0 0.0 X 0 0 0 LIZ HASKIN FERNALD TRUSTEE 2.0 0.0 X 0 0 0 LAUREN C GLANT TRUSTEE 4.0 0.0 X 0 0 0 MARILYN HOLIFIELD TRUSTEE 2.0 0.0 X 0 0 0 S LESLIE JEWETT TRUSTEE 2.0 0.0 X 0 0 0 AYANNA JOHNSON TRUSTEE/EX OFFICIO BOARD MEMBE 2.0 0.0 X 0 0 0 ELEANOR JOSEPH TRUSTEE 4.0 0.0 X 0 0 0 JAKY JOSEPH TRUSTEE 4.0 0.0 X 0 0 0 HAROLD KALKSTEIN CHAIR 6.0 0.0 X X 0 0 0 PAUL KUENSTNER TRUSTEE 2.0 0.0 X 0 0 0 LUCY LANG TRUSTEE 4.0 0.0 X 0 0 0 EDGAR LEE TRUSTEE 4.0 0.0 X 0 0 0 CINDI LEIVE TRUSTEE 4.0 0.0 X 0 0 0 SABRINA MARTINEZ TRUSTEE 4.0 0.0 X 0 0 0 COREY MULLOY TRUSTEE 2.0 0.0 X 0 0 0 NICOLE O'DELL ODIM TRUSTEE 4.0 0.0 X 0 0 0 CATHYRN POLINSKY TRUSTEE 4.0 0.0 X 0 0 0 ASAHI POMPEY TRUSTEE 2.0 0.0 X 0 0 0 H VINCENT POOR TRUSTEE 2.0 0.0 X 0 0 0 DAWN PORTER TRUSTEE 2.0 0.0 X 0 0 0 DOROTHY ROBINSON TRUSTEE 4.0 0.0 X 0 0 0 ANNE SCHUCHAT TRUSTEE 4.0 0.0 X 0 0 0 STEPHEN SELL TRUSTEE 2.0 0.0 X 0 0 0 GAURAV SETH TRUSTEE 4.0 0.0 X 0 0 0 SALEM D SHUCHMAN TRUSTEE 4.0 0.0 X 0 0 0 JAMES SNIPES TRUSTEE 4.0 0.0 X 0 0 0 THOMAS E SPOCK TRUSTEE 4.0 0.0 X 0 0 0 SUJATHA A SRINIVASAN VICE-CHAIR 6.0 0.0 X X 0 0 0 BRYAN WOLF TRUSTEE 2.0 0.0 X 0 0 0 BRIAN WONG TRUSTEE 2.0 0.0 X 0 0 0 WINSTON ZEE TRUSTEE 4.0 0.0 X 0 0 0 S BROOKE VICK VP FOR DEI (AS OF 1/24) 40.0 0.0 X 0 0 0 6883228 0 1456643 325 true true false P AGNES INC 2101 PENROSE AVENUE PHILADELPHIA PA 19145 BUILDING SERVICES 18946439 WARFEL CONSTRUCTION 1110 ENTERPRISE ROAD EAST PETERSBURG PA 17520 BUILDING SERVICES 13748589 WHITING-TURNER CONTRACTING COMPANY PO BOX 17596 BALTIMORE MD 21297 BUILDING SERVICES 11044218 BOND BUILDING CONSTRUCTION INC 10 CABOT ROAD SUITE 600 MEDFORD PA 02155 BUILDING SERVICES 8079779 TARGET BUILDING CONSTRUCTION INC 1124 CHESTER PIKE CRUM LYNNE PA 19022 BUILDING SERVICES 5419629 79 24125 2757000 14105875 266222 16887000 TUITION & FEES 611310 107080000 107080000 ROOM & BOARD 611310 28858000 28858000 135938000 128803688 4841822 123961866 6039023 6039023 0 0 1456158 1229795 226363 0 226363 226363 882155000 817044147 65110853 65110853 768343 64342510 245438 24125 62262 183176 183176 0 0 0 0 0 0 INN AT SWARTHMORE (INN & RESTAURANT) 721110 4639033 4168593 470440 BOOKSTORE AT SWARTHMORE (AT INN) 611710 1689774 487816 1201958 SUMMER PROGRAMS 713990 189370 189370 1934778 1934778 8452955 361641058 135938000 10455944 198360114 0 47320972 47320972 8199028 8199028 0 6453561 1777416 4172678 503467 484527 484527 98711516 81482648 13609604 3619264 8160851 6415815 1427652 317384 18744712 13469114 4634858 640740 6997668 5510346 1218731 268591 0 1120919 0 1120919 0 242913 0 242913 0 0 56815 56815 5381000 0 5381000 0 11156625 7192868 3601685 362072 122838 54385 68453 0 9358400 7087990 2070080 200330 5515452 4034251 1336343 144858 0 2696870 2073985 542081 80804 4403671 3291244 801133 311294 0 3745529 2201109 881187 663233 8940627 6835262 1839057 266308 0 20741712 15577870 4556912 606930 2938363 2938363 0 0 EQUIP PURCH, RENTAL & MAINT 9226060 7077311 2016084 132665 OFF-CAMPUS STUDY PROGRAMS 5203521 5203521 0 0 FOOD & BEVERAGE (NON-TRAVEL) 4884511 4884511 0 0 ANNUITY PAYMENTS 1514237 1514237 0 0 8457307 2793306 5638582 25419 300780205 236935552 55644479 8200174 0 0 95354000 77198000 7979000 3311000 1825000 2150000 185881 192624 0 0 5657119 5529376 396017 511518 2407983 2413482 886261000 247383000 564029000 638878000 755308000 732297000 2016060000 2061783000 0 0 0 0 14570000 72602000 3463772000 3596866000 38903000 43537000 0 0 1873000 2581000 360096000 456140000 0 0 0 0 0 0 0 0 40638000 40039000 441510000 542297000 X 1250767000 1292567000 1771495000 1762002000 3022262000 3054569000 3463772000 3596866000 X 60860853 -27552853 -1001000 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1471 1471 false false PART II-B LINE 1I DETAIL OF LOBBYING EXPENSES SWARTHMORE COLLEGE IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES (NAICU) AND THE LOBBYING EXPENSES ASSOCIATED WITH THIS MEMBERSHIP IS $1,471. 4776000 X X X false 2720329000 2851000 152418000 21970000 119774000 5381000 2728473000 2725238000 2501000 111475000 21404000 90565000 6916000 2720329000 2899312000 7044000 -73564000 19511000 80240000 7803000 2725238000 2103670000 6803000 906280000 21650000 87918000 7873000 2899312000 2131553000 8468000 81291000 21543000 89643000 6456000 2103670000 0.36000 0.61000 0.03000 false false 5783000 5783000 850975000 224044000 626931000 1388000 0 1388000 23339000 23339000 0 4776000 0 4776000 638878000 PUBLIC EQUITY 319646000 F REAL ASSETS 403736000 F PRIVATE EQUITY 890222000 F MARKETABLE ALTERNATIVES 446143000 F OTHER 2036000 F 2061783000 0 EMPLOYEE AND FORMER EMPLOYEES 5883000 DONORS 17230000 POSTRETIREMENT HEALTH BENEFIT 14080000 CONDITIONAL ASSET RETIRMNT OBLIGATION 1186000 RIGHT OF USE LIABILITIES 1660000 40039000 X 273416000 -27552853 -27552853 300968853 5381000 55291205 60672205 361641058 241109000 241109000 5381000 54290205 59671205 300780205 SCHEDULE D, PART III, LINE 4 DESCRIPTION OF COLLECTIONS WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS ARE RECOGNIZED AT THEIR ESTIMATED FAIR VALUE AT THE TIME OF GIFT BASED UPON APPRAISALS OR SIMILAR VALUATIONS. ALL MATERIAL ITEMS, WHETHER CONTRIBUTED OR PURCHASED, HAVE BEEN CAPITALIZED. WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS ARE NOT SUBJECT TO DEPRECIATION. ---------------------- SCHEDULE D, PART V, LINE 4 USE OF ENDOWMENT FUNDS IN ADDITION TO SCHOLARSHIPS, THE SWARTHMORE COLLEGE ENDOWMENT PROVIDES FUNDING FOR A VARIETY OF PROGRAMS INCLUDING PROFESSORSHIPS, FACULTY AND STUDENT RESEARCH, LIBRARIES, ACADEMIC SUPPORT, AWARDS AND PRIZES, COMMUNITY SERVICE, FACILITIES AND GROUNDS, DEBT SERVICE AND CAPITAL PROJECTS, AS WELL AS GENERAL BUDGET SUPPORT. ------------------- SCHEDULE D, PART X, LINE 2 TEXT OF FIN 48 (ASC 740) FOOTNOTE THE FOLLOWING IS THE TEXT OF THE FIN 48 (ASC 740) FOOTNOTE FROM THE CONSOLIDATED JUNE 30, 2024 SWARTHMORE COLLEGE AUDITED FINANCIAL STATEMENTS: IN ACCORDANCE WITH THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT REGULARLY EVALUATES ITS TAX POSITIONS AND DOES NOT BELIEVE THE COLLEGE HAS ANY UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE OR ADJUSTMENT IN THE FINANCIAL STATEMENTS. THE COLLEGE CONTINUALLY MONITORS AND EVALUATES ITS ACTIVITIES FOR UNRELATED BUSINESS INCOME ACTIVITY. -------------------- SCHEDULE D, PART XI, LINE 4B DETAIL OF OTHER CHANGES COSTS OF RENTAL HOUSING $ (1,229,795) CHANGE IN PRESENT VALUE OF LIFE INCOME FUNDS 1,001,000 STUDENT AID 55,520,000 --------------- TOTAL $ 55,291,205 -------------------- SCHEDULE D, PART XII, LINE 4B DETAIL OF OTHER CHANGES COST OF RENTAL HOUSING $ (1,229,795) STUDENT AID 55,520,000 --------------- TOTAL $ 54,290,205 ------------------- true true false true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 PUBLICATION OF RACIALLY NON-DISCRIMINATORY POLICY SWARTHMORE COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS ON A NATIONWIDE AND WORLDWIDE BASIS AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY. SWARTHMORE COLLEGE INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL ITS PRINTED AND BROADCAST ADVERTISING, AS WELL AS IN COLLEGE CATALOGS. THEREFORE, SWARTHMORE COLLEGE IS IN COMPLIANCE WITH SECTIONS 4.02 AND 4.03 OF IRS REVENUE PROCEDURE 75-50. SWARTHMORE PUBLISHES ITS POLICY ON ITS MAIN WEBSITE: HTTPS://WWW.SWARTHMORE.EDU/EQUAL-OPPORTUNITY/NON-DISCRIMINATION-AND-EQUAL- OPPORTUNITY ------------------ SCHEDULE E, LINE 6A DESCRIPTION OF FINANCIAL AID/ASSISTANCE FROM GOV'T AGENCY SWARTHMORE COLLEGE PARTICIPATES IN FIVE FEDERAL STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, FEDERAL PERKINS AND FEDERAL DIRECT LOAN PROGRAMS. THE COLLEGE ALSO PARTICIPATES IN THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) STUDENT GRANT PROGRAM. THE ONLY DIRECT FINANCIAL ASSISTANCE RECEIVED BY THE COLLEGE FROM A GOVERNMENTAL AGENCY IS THE PHEAA INSTITUTIONAL ASSISTANCE GRANT. ------------------ true Central America and the Caribbean 0 0 Investments N/A 536259932 Europe (Including Iceland and Greenland) 0 0 Investments N/A 48955394 North America 0 0 Investments N/A 11536389 Central America and the Caribbean 0 0 Program Services SCHOLARSHIPS 206220 East Asia and the Pacific 0 0 Program Services SCHOLARSHIPS 1404142 Europe (Including Iceland and Greenland) 0 0 Program Services SCHOLARSHIPS 314085 Middle East and North Africa 0 0 Program Services SCHOLARSHIPS 615203 North America 0 0 Program Services SCHOLARSHIPS 523816 Russia and the Newly Independent States 0 0 Program Services SCHOLARSHIPS 509649 South America 0 0 Program Services SCHOLARSHIPS 641669 South Asia 0 0 Program Services SCHOLARSHIPS 1130068 Sub-Saharan Africa 0 0 Program Services SCHOLARSHIPS 2854176 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 135875 Middle East and North Africa 0 0 Program Services STUDY ABROAD 968315 South America 0 0 Program Services STUDY ABROAD 11563 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 6282 0 0 0 0 606072778 606072778 SCHOLARSHIPS Central America and the Caribbean 4 206220 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS East Asia and the Pacific 22 1404142 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Europe (Including Iceland and Greenland) 6 314085 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Middle East and North Africa 11 615203 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS North America 8 523816 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Russia and the Newly Independent States 8 509649 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS South America 10 641669 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS South Asia 19 1130068 CREDIT SCHOLARSHIPS BOOK SCHOLARSHIPS Sub-Saharan Africa 44 2854176 CREDIT SCHOLARSHIPS BOOK true false true true true false SCHEDULE F, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SWARTHMORE COLLEGE SCHOLARSHIPS ARE AWARDED TO STUDENTS, IN ACCORDANCE WITH COLLEGE POLICIES, TO COVER TUITION AND OTHER EDUCATIONAL EXPENSES CHARGED BY THE COLLEGE AND DISTRIBUTED DIRECTLY ON THE STUDENT'S ACCOUNT. X X X X X X X true HANOVER RESEARCH 4401 WILSON BLVD ARLINGTON VA 22203 GENERAL CONSULTING false 13713000 42750 13670250 ACADEMIC RESEARCH FUNDING STRATEGIE 1004 ROSE CIRCLE COLLEGE STATION TX 77840 GENERAL CONSULTING false 5000 720 4280 GREEN SEEDS 342 WEST 4TH STREET MEDIA PA 19063 GENERAL CONSULTING false 412000 13345 398655 14130000 56815 14073185 All States CCC GALA 269563 24125 245438 0 7600 0 24608 800 29254 0 269563 24125 245438 0 7600 0 24608 800 29254 62262 183176 true SWARTHMORE COLLEGE FUNDS/SCHOLARSHIPS 813 47320972 0 N/A N/A SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SWARTHMORE COLLEGE SCHOLARSHIPS ARE AWARDED TO STUDENTS, IN ACCORDANCE WITH COLLEGE POLICIES, TO COVER TUITION AND OTHER EDUCATIONAL EXPENSES CHARGED BY THE COLLEGE AND DISTRIBUTED DIRECTLY ON THE STUDENT'S ACCOUNT. X X X X X true true X X X X X false true false false false false false true false VALERIE SMITH PRES./EX OFFICIO BOARD MEMBER 711643 0 0 0 0 0 331806 0 106094 0 1149543 0 0 0 MARK C AMSTUTZ CHIEF INVEST OFF.(UNTIL 12/23) 522296 0 0 0 0 0 33000 0 22400 0 577696 0 0 0 ROBERT GOLDBERG VP FINANCE & ADMIN & TREASURER 465249 0 30000 0 0 0 33000 0 22234 0 550483 0 0 0 ELIZABETH BOLUCH-WOOD VP OF COLLEGE ADVANCEMENT 459461 0 0 0 0 0 33000 0 25724 0 518185 0 0 0 FRANK C GRUNSEICH CHIEF INVEST OFF.(AS OF 1/24) 412124 0 0 0 0 0 33000 0 27868 0 472992 0 0 0 THOMAS STEPHENSON PROFESSOR 109037 0 0 0 282135 0 10798 0 13774 0 415744 0 0 0 ANDREW HIRSCH VP FOR COMMUNICATIONS 297640 0 10000 0 0 0 29633 0 27868 0 365141 0 0 0 JAMES L BOCK III VP AND DEAN OF ADMISSIONS 269315 0 0 0 0 0 27595 0 55337 0 352247 0 0 0 RENEE ATKINSON ASSOCIATE VP GIFT PLANNING 283503 0 15000 0 0 0 28222 0 21840 0 348565 0 0 0 E CARR EVERBACH PROFESSOR 270654 0 0 0 0 0 22416 0 27705 0 320775 0 0 0 SHARMAINE BRADHAM LAMAR ESQ GENERAL COUNSEL 244238 0 0 0 0 0 24874 0 48068 0 317180 0 0 0 TOMOKO SAKOMURA PROVOST & DEAN OF THE FACULTY 263111 0 0 0 0 0 25739 0 27173 0 316023 0 0 0 BETH GLASSMAN VP HUMAN RESOURCES 259797 0 0 0 0 0 26185 0 22393 0 308375 0 0 0 KATHERINE RENNINGER PROFESSOR 243931 0 0 0 0 0 19093 0 22020 0 285044 0 0 0 ANDREW FEICK FORMER CO-INTERIM VP FIN&ADMIN 230164 0 0 0 0 0 23308 0 27790 0 281262 0 0 0 DONNA JO NAPOLI PROFESSOR 246630 0 0 0 0 0 24142 0 7650 0 278422 0 0 0 JASON PARKHILL CHIEF INFORMATION OFFICER 207912 0 0 0 0 0 20525 0 27710 0 256147 0 0 0 ERIN BROWNLEE DELL CHIEF OF STAFF & SECRETARY 186791 0 0 0 0 0 19188 0 36659 0 242638 0 0 0 ALICE TURBIVILLE ASSISTANT TREASURER 187811 0 0 0 0 0 18777 0 21689 0 228277 0 0 0 BRADLEY KOCH DIRECTOR OF ATHLETICS 189388 0 0 0 0 0 18857 0 845 0 209090 0 0 0 ROBIN HUNTINGDON SHORES ASSISTANT SECRETARY 148973 0 0 0 0 0 15244 0 21946 0 186163 0 0 0 STEPHANIE IVES VP FOR STUDENT AFFAIRS 149185 0 25000 0 0 0 0 0 6488 0 180673 0 0 0 CARRIE DIENNA FORMER ACTING ASST TREASURER 162240 0 0 0 0 0 16163 0 803 0 179206 0 0 0 SCHEDULE J, LINE 1A DETAIL OF ADDITIONAL BENEFITS PROVIDED FIRST CLASS TRAVEL IN GENERAL, IT IS THE COLLEGE'S POLICY THAT FIRST CLASS TRAVEL IS NOT AUTHORIZED FOR COLLEGE EMPLOYEES TRAVELING ON COLLEGE BUSINESS. HOWEVER, IN RECOGNITION THAT THE PRESIDENT TYPICALLY WORKS DURING FLIGHTS, ATTENDS DIRECTLY TO BUSINESS UPON ARRIVAL, AND CANNOT SCHEDULE IN TIME FOR ADEQUATE REST, THE BOARD OF MANAGERS HAS APPROVED THE USE OF FIRST CLASS TRAVEL FOR THE PRESIDENT ON DOMESTIC AND INTERNATIONAL FLIGHTS OVER THREE HOURS IN LENGTH. THIS POLICY EXTENDS TO THE PRESIDENT'S SPOUSE WHEN HE OR SHE ACCOMPANIES THE PRESIDENT ON BUSINESS TRAVEL. FOR ALL OTHER EMPLOYEES (FACULTY AND STAFF), FIRST CLASS TRAVEL MUST BE PRE-APPROVED BY THE PRESIDENT OR THEIR DESIGNATE. TRAVEL FOR COMPANIONS IN CERTAIN AUTHORIZED CIRCUMSTANCES THE COLLEGE WILL PAY, OR WILL REIMBURSE, FOR THE TRAVEL, MEALS AND EXPENSES OF THE SPOUSE/PARTNER OF AN EMPLOYEE UNDER THE COLLEGE'S ACCOUNTABLE PLAN. REIMBURSEMENTS ARE CONSIDERED TAXABLE INCOME TO THE EMPLOYEE UNLESS THE COMPANION TRAVEL IS: 1) FOR A BONA FIDE BUSINESS PURPOSE, 2) DIRECTLY BENEFITS THE COLLEGE, AND 3) IS PROPERLY DOCUMENTED AND APPROVED. ANY SPOUSE/PARTNER TRAVEL OTHER THAN THE PRESIDENT MUST BE APPROVED, IN ADVANCE, BY THE PRESIDENT OR THEIR DESIGNATE. TAX GROSS-UP PAYMENTS RETIREMENT PAYMENTS TO EMPLOYEES MAY INCLUDE A GROSS-UP FOR A PORTION OF THE BENEFITS PAID. RESIDENCE REQUIREMENT AS A CONDITION OF EMPLOYMENT, THE PRESIDENT AND DEAN OF STUDENTS MAINTAINED THEIR FULL TIME RESIDENCE IN COLLEGE-PROVIDED HOUSING AND USED THE RESIDENCE FOR COLLEGE BUSINESS AND ENTERTAINMENT PURPOSES. SOCIAL CLUB DUES MEMBERSHIP DUES WERE PROVIDED TO TWO CLUBS. THE YALE CLUB (IN NEW YORK) AND THE PENN CLUB (IN PHILADELPHIA) AND ARE TO BE USED, PRIMARILY, FOR BUSINESS PURPOSES. -------------------- SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPATION SWARTHMORE COLLEGE (THE "COLLEGE") MAINTAINS A SUPPLEMENTAL EXECUTIVE IRC SECTION 457(F) RETIREMENT PLAN ("SERP") DESIGNED FOR THE PRESIDENT OF THE COLLEGE. VESTING IN THE SERP WILL OCCUR IF THE PRESIDENT REMAINS AT THE COLLEGE THROUGH JUNE 30, 2025 (OR DEATH OR PERMANENT DISABILITY PRIOR TO THEN). THERE WERE NO DISTRIBUTIONS MADE FROM THE SERP PLAN FOR THE JUNE 30, 2024 TAX YEAR. -------------------- SCHEDULE J, PART I, LINE 7 CERTAIN INDIVIDUALS RECEIVED APPROVED DISCRETIONARY BONUSES AND/OR INCENTIVE COMPENSATION. -------------------- SCHEDULE J, PART II ADDITIONAL INFORMATION ALL DEFERRED COMPENSATION FIGURES REPORTED ON PART II, COLUMN C, INCLUDE EMPLOYER CONTRIBUTIONS TO A QUALIFIED RETIREMENT PLAN. TOMOKO SAKAMURA - DEFERRED COMPENSATION ALSO INCLUDES ACCRUED LEAVE COMPENSATION AND BENEFITS. VALERIE SMITH - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. VALERIE SMITH - DEFERRED COMPENSATION ALSO INCLUDES ACCRUED LEAVE COMPENSATION AND BENEFITS. VALERIE SMITH - DEFERRED COMPENSATION ALSO INCLUDES 457(B) COMPENSATION. THOMAS STEPHENSON - OTHER REPORTABLE COMPENSATION FIGURE WAS AN EARLY RETIREMENT PAYMENT ---------------- A SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2013 232243929 870000JG2 2013-07-31 52616042 VAR. CAPITAL PROJECTS- SEE PART VI false false false B SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2015 232243929 870000KJ4 2015-07-14 59996832 VAR. CAPITAL PROJECTS- SEE PART VI false false false C SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2016A 232243929 870000KY1 2016-08-16 73699674 REFUNDING PRIOR BOND- SEE PART VI false false false D SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2016B 232243929 870000LW4 2016-08-16 25244118 VAR. CAPITAL PROJECTS- SEE PART VI false false false A 52616042 0 52626016 0 0 0 353591 0 0 18387425 33885000 0 2016 true false true true B 10188415 0 60362681 0 0 0 348937 0 0 60013744 0 0 2018 false false true true C 35282199 0 73701488 0 0 0 344674 0 0 0 73356814 0 2016 true false true true D 4252333 0 25522589 0 0 0 194356 0 0 25328233 0 0 2019 false false true true A false false false false 0.00000 0.00900 0.00900 false false 0.00000 false true B false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true D false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false false false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, COLUMN (F) PART I, LINE A: THE PROCEEDS OF THE BONDS ISSUED ON 7/31/2013 WERE USED TO REFUND THE SWARTHMORE COLLEGE REVENUE BONDS, SERIES 2008 ISSUED ON 4/30/2008 AND SERIES 2009 ISSUED ON 7/29/2009, USED FOR VARIOUS TAX EXEMPT CAPITAL PROJECTS AND TO FUND THE COSTS OF ISSUING THE 2013 BONDS. PART I, LINE B: THE PROCEEDS OF THE BONDS ISSUED ON 7/14/2015 WERE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2015 BONDS. PART I, LINE C: THE PROCEEDS OF THE BONDS ISSUED ON 7/19/2016 WERE USED TO ADVANCE REFUND THE 2006A REVENUE BONDS, AND TO FUND THE COSTS OF ISSUING THE 2016A BONDS. PART I, LINE D: THE PROCEEDS OF THE BONDS ISSUED ON 7/19/2016 WILL BE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2016B BONDS. PART I, LINE E: THE PROCEEDS OF THE BONDS ISSUED ON 7/10/2018 WILL BE USED FOR VARIOUS TAX-EXEMPT CAPITAL PROJECTS AND TO FUND THE COST OF ISSUING THE 2018 BONDS. PART I, LINE F: THE PROCEEDS OF THE BONDS ISSUED ON 8/4/2021 WILL BE USED TO ADVANCE REFUND A PORTION OF THE 2011B REVENUE BONDS, PAR VALUE OF $11,595,000, THE COSTS OF ISSUING THE 2021B REVENUE BONDS, AND VARIOUS TAX-EXEMPT CAPITAL PROJECTS. Part I, Line G: The proceeds of the bonds issued on 7/12/2023 will be used to advance refund a portion of the 2013 Revenue Bonds, par value of $30,380,000, the costs of issuing the 2023 Revenue Bonds, and various tax-exempt capital projects. -------------------- SCHEDULE K, PART II, LINE 3 DETAIL OF TOTAL PROCEEDS FROM ISSUE THE TOTAL PROCEEDS OF ISSUE REPORTED FOR EACH BOND LISTED INCLUDES INVESTMENT EARNINGS. FOR THE 2013 SERIES (ISSUED 07/31/2013) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $9,974 FOR THE 2015 SERIES (ISSUED 07/14/2015) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $365,849 FOR THE 2016A SERIES (ISSUED 07/19/2016) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $1,814 FOR THE 2016B SERIES (ISSUED 08/14/2016) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $278,471 FOR THE 2018 SERIES (ISSUED 07/10/2018) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $2,720,284 FOR THE 2021B SERIES (ISSUED 08/04/2021) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $1,778,397 FOR THE 2023 SERIES (ISSUED 07/01/2024) THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES TOTAL EARNINGS OF: $4,335,369 --------------------- SCHEDULE K, PART III PRIVATE BUSINESS USE FOR THE 08/16/2016A BONDS (COLUMN D), THERE WAS NO NEED TO COMPLETE THIS PRIVATE BUSINESS USE SECTION SINCE THIS 2016A BOND ISSUE WAS SIMPLY A REFUNDING ISSUE OF THE 2006A BONDS (WHICH, IN TURN, WERE AN ADVANCED REFUNDING ISSUE OF THE 1998 & 2001 BONDS (WHICH WERE BOTH ISSUED PRIOR TO THE SCHEDULE K 12/31/2002 REPORTING DATE). -------------------- SCHEDULE K, PART IV, LINE 2C DATE THE REBATE COMPUTATION WAS PERFORMED COLUMN A: 07/30/2023 COLUMN B: 09/15/2023 COLUMN C: 08/15/2023 COLUMN D: 08/15/2023 COLUMN E: 07/26/2023 COLUMN F: 08/04/2023 COLUMN G: 07/01/2023 --------------------- A SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2018 232243929 870000LX2 2018-07-26 110605739 VAR. CAPITAL PROJECTS- SEE PART VI false false false B SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2021B 232243929 870000NT9 2021-08-04 89731139 VAR. CAPITAL PROJECTS- SEE PART VI false false false C SWARTHMORE COLLEGE BOROUGH AUTHORITY- SERIES 2023 232243929 870000QV1 2023-07-12 141989065 VAR. CAPITAL PROJECTS- SEE PART VI false false false A 8594323 0 113326023 0 10190406 0 672822 0 0 102462795 0 0 2021 false false true true B 2536249 0 91509536 0 4327730 0 859190 0 0 74727616 11595000 0 2024 true false false true C 1517672 0 146324434 0 4225000 0 830258 0 0 40067237 29053588 72148351 true false false true A false false false false 0.00000 0.00200 0.00200 false false 0.00000 false true B false false false false 0.00000 0.00700 0.00700 false false 0.00000 false true C false false false false 0.00000 0.00300 0.00300 false false 0.00000 false true A false false false true false false 0 false 0 false true B true false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true JAMES L BOCK III OFFICER MORTGAGE X 340000 118374 false true true ANDREW HIRSCH OFFICER MRTG DWN PYMT ASSIST X 45000 22500 false true true JASON PARKHILL OFFICER MRTG DWN PYMT ASSIST X 57500 51750 false true true 192624 X 51 266222 FAIR MARKET VALUE false true false SCHEDULE M, PART I, LINE 32 USE OF THIRD PARTIES SWARTHMORE COLLEGE MAINTAINS ACCOUNTS AT SEVERAL BROKERAGE FIRMS TO FACILITATE THE SALE OF ANY NON-CASH CONTRIBUTIONS IT MAY RECEIVE. --------------- SCHEDULE M, PART I, COLUMN (B) INFORMATION REGARDING NUMBER OF CONTRIBUTIONS SWARTHMORE COLLEGE IS REPORTING THE AGGREGATE NUMBER OF CONTRIBUTIONS RECEIVED OF SCHEDULE M, PART I, COLUMN B (NOT THE NUMBER OF ITEMS RECEIVED). --------------- FORM 990, PART I, LINE 1 & PART III, LINE 1 DETAIL OF ORGANIZATION'S MISSION SWARTHMORE COLLEGE PROVIDES LEARNERS OF DIVERSE BACKGROUNDS A TRANSFORMATIVE LIBERAL ARTS EDUCATION GROUNDED IN RIGOROUS INTELLECTUAL INQUIRY AND EMPOWERS ALL WHO SHARE IN OUR COMMUNITY TO FLOURISH AND CONTRIBUTE TO A BETTER WORLD. WE COMMIT TO THIS MISSION BY: - OFFERING A ROBUST, LIBERAL ARTS CURRICULUM CONNECTING THE ARTS, HUMANITIES, NATURAL SCIENCES AND ENGINEERING, SOCIAL SCIENCES, AND INTERDISCIPLINARY PROGRAMS - FOSTERING INNOVATIVE RESEARCH AND CREATIVE PRODUCTION AND ENCOURAGING COLLABORATION AMONG FACULTY, STUDENTS, AND STAFF - BUILDING A DIVERSE, EQUITABLE, AND INCLUSIVE RESIDENTIAL COMMUNITY THAT ENRICHES OUR EXPERIENCES AND EXPANDS OUR WORLDVIEWS - STEWARDING OUR RESOURCES THROUGH INTENTIONAL DAILY AND LONG-TERM SUSTAINABILITY PRACTICES, HONORING OUR LOCATION ON THE ANCESTRAL LAND OF THE LENNI LENAPE PEOPLE. - CREATING OPPORTUNITIES FOR EDUCATION AND GROWTH AMONG FACULTY, STUDENTS, STAFF, AND ALUMNI BY SHARING IN THE MULTITUDE OF TALENTS OF THE COLLEGE COMMUNITY, EXPLORING THE BEAUTY OF OUR NATURAL ENVIRONMENT, AND ACTIVELY ENGAGING IN THE RICH CULTURAL DIVERSITY OF OUR REGION AND OUR WORLD - COMMITTING TO PEACE, EQUITY, AND SOCIAL RESPONSIBILITY, ROOTED IN OUR FOUNDING AS A CO-EDUCATIONAL QUAKER INSTITUTION ---------------- FORM 990, PART VI, LINE 11 AND 11A FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED INTERNALLY BY SWARTHMORE COLLEGE. IT IS REVIEWED BY THE APPROPRIATE SENIOR MANAGEMENT AND A NATIONALLY RECOGNIZED ACCOUNTING FIRM. BEFORE THE FORM 990 IS FILED, IT IS PROVIDED TO THE AUDIT AND RISK MANAGEMENT COMMITTEE, THE FINANCE COMMITTEE, AND ALL BOARD MEMBERS FOR THEIR REVIEW. -------------------- FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY SWARTHMORE COLLEGE HAS TWO CONFLICT OF INTEREST POLICIES--ONE FOR ITS BOARD MEMBERS AND ONE FOR EMPLOYEES. EACH YEAR ALL MEMBERS OF THE BOARD RECEIVE A SURVEY REMINDING THEM OF THE POLICY AND REQUESTING DISCLOSURE OF BUSINESS AND CHARITABLE AFFILIATIONS, TRANSACTIONS WITH THE COLLEGE, AND ANY POSSIBLE CONFLICTS. LIKEWISE, ALL SUPERVISORY STAFF OF THE COLLEGE RECEIVES A SURVEY REMINDING THEM OF THE EMPLOYEE CONFLICT OF INTEREST POLICY AND ASKING THEM FOR OTHER BUSINESS AND CHARITABLE AFFILIATIONS, TRANSACTIONS WITH THE COLLEGE, AND ANY POSSIBLE CONFLICTS FOR THEMSELVES OR ANY MEMBER OF THE STAFF REPORTING TO THEM. THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF MANAGERS RECEIVES A SUMMARY OF ALL RESPONSES AND ADDRESSES POSSIBLE CONFLICTS WHICH ARISE. -------------------- FORM 990, PART VI, LINE 15B PROCESS FOR DETERMINING OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE COMPENSATION THE COMPENSATION COMMITTEE OF THE BOARD OF MANAGERS REVIEWS AND APPROVES THE COMPENSATION FOR COMPENSATED OFFICERS, DIRECTORS, AND KEY EMPLOYEES, INCLUDING THE PRESIDENT. THE COMMITTEE REVIEWS COMPARATIVE DATA OBTAINED FROM AN INDEPENDENT CONSULTANT, CONSULTS WITH THE PRESIDENT REGARDING THE PERFORMANCE OF EACH OFFICER, DIRECTOR AND KEY EMPLOYEE THAT REPORTS TO THE PRESIDENT AND SETS THE COMPENSATION FOR EACH OF THEM. THE COMPENSATION COMMITTEE SEPARATELY REVIEWS THE PERFORMANCE OF THE PRESIDENT AND USES COMPARATIVE DATA TO DETERMINE THE PRESIDENT'S COMPENSATION FOR THE SUBSEQUENT YEAR. THIS PROCESS IS COMPLETED ANNUALLY. -------------------- FORM 990, PART VI, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. THE COLLEGE MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE VIA THE COLLEGE'S WEBSITE. THE COLLEGE MAKES ITS FINANCIAL STATEMENTS AVAILABLE VIA THE COLLEGE'S WEBSITE. -------------------- FORM 990, PART XI, LINE 9 DETAIL OF OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGE IN PRESENT VALUE OF LIFE INCOME FUNDS $ (1,138,000) CHANGE IN OTHER POST RETIREMENT BENEFITS $ 137,000 ------------ $ (1,001,000) -------------------- PARRISH LLC 500 COLLEGE AVE SWARTHMORE PA 19081 460563007 INN/RESTAURNT PA 4649349 -1117180 SWARTHMORE HIGHLAND CAPITAL PARTNERS VIII ONE BROADWAY 14TH FLOOR CAMBRIDGE MA 02142 980628360 INVESTMENTS MA SWARTHMORE EXCULDED FROM TAX -147064 955834 false 0 false 0.65333 THE VARDE ASIA CREDIT FUND II LP 901 Marquette Ave S SUITE 3300 MINNEAPOLIS MN 55402 851367388 INVESTMENTS MN SWARTHMORE EXCLUDED FROM TAX 1116011 9404056 false 186475 false 0.91463 MARJAY PRODUCTIONS INC 1007 ORANGE STREET SUITE 1410 WILMINGTON DE 19801 131952572 LITERARY WORK DE NA C CORPORATION 320434 91826 1.00000 true CHARITABLE REMAINDER ANNUITY TRUSTS CRATs - 4 SWARTHMORE PA 19081 N/A PA NA TRUST CHARITABLE REMAINDER UNITRUSTS CRUTs - 33 SWARTHMORE PA 19081 N/A PA NA TRUST NET INC CHARITABLE REMAINDER UNITRUSTs NIMCRUTs - 4 SWARTHMORE PA 19081 N/A PA NA TRUST true false false false false false false false false false false false false false false false false false false MARJAY PRODUCTIONS INC A 90000 PER ESTATE DOC.