2025-05-14T13:54:05-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-07-01 390826049 RIPON COLLEGE RIPO 9207488108 PO BOX 248 RIPON WI 54971 AUDRA HOFFMANN VP FOR FINANCE 9207488108 2025-05-01 1 1 TROY MARINE CPA P00187863 4147775500 2025-04-11 2023 2025-03-06 01:10:19Z VICTORIA FOLSE 300 WEST SEWARD STREET RIPON WI 54971 98893001 0 X WWW.RIPON.EDU X 1851 WI RIPON COLLEGE PREPARES STUDENTS OF DIVERSE INTERESTS FOR LIVES OF PRODUCTIVE, SOCIALLY RESPONSIBLE CITIZENSHIP. OUR LIBERAL ARTS CURRICULUM AND RESIDENTIAL CAMPUS CREATE AN INTIMATE LEARNING COMMUNITY IN WHICH STUDENTS EXPERIENCE A RICHLY PERSONALIZED EDUCATION. 36 35 687 35 472513 85612 21353631 9007700 41996170 41822098 11404772 5498805 653667 326350 75408240 56654953 25047642 24959450 0 0 14595172 16221186 0 0 1395479 15950672 16403888 55593486 57584524 19814754 -929571 193739392 207800658 39463813 45585007 154275579 162215651 X RIPON COLLEGE PREPARES STUDENTS OF DIVERSE INTERESTS FOR LIVES OF PRODUCTIVE, SOCIALLY RESPONSIBLE CITIZENSHIP. OUR LIBERAL ARTS CURRICULUM AND RESIDENTIAL CAMPUS CREATE AN INTIMATE LEARNING COMMUNITY IN WHICH STUDENTS EXPERIENCE A RICHLY PERSONALIZED EDUCATION. 0 0 48748897 24959450 41822098 RIPON COLLEGE, AN ACCREDITED PRIVATE INSTITUTION, PROVIDES A FOUR-YEAR DEGREE PROGRAM IN THE LIBERAL ARTS. THIS EDUCATIONAL PROGRAM BENEFITS MORE THAN 659 FULL TIME EQUIVALENT STUDENTS. 48748897 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1033 0 1 687 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 35 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X AUDRA HOFFMANN 9207488108 300 WEST SEWARD STREET RIPON WI 54971 VICTORIA FOLSE PRESIDENT 40.00 X X 288932 0 35639 MARK FRANZEN TRUSTEE/CHAIR 1.00 X X 0 0 0 CONNIE MOSER TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 MARTIN LINDSAY TRUSTEE/TREASURER 1.00 X X 0 0 0 THOMAS W ABENDROTH TRUSTEE 1.00 X X 0 0 0 ABBEGAYLE LANE SPECIAL GRADUATE 1.00 X 0 0 0 ALEXANDER LEVIS TRUSTEE 1.00 X 0 0 0 ALICE ARCHABAL TRUSTEE 1.00 X 0 0 0 BLAINE GIBSON TRUSTEE 1.00 X 0 0 0 CAMILLE CLEMONS TRUSTEE 1.00 X 0 0 0 CARRIE ROCA-DAWSON TRUSTEE 1.00 X 0 0 0 CHRISTIAN SCHMIDT SPECIAL GRADUATE 1.00 X 0 0 0 CHRISTOPHER WIEDEY TRUSTEE 1.00 X 0 0 0 DANTE HOUSTON TRUSTEE 1.00 X 0 0 0 DAVID JANSSEN TRUSTEE 1.00 X 0 0 0 DEBORAH LAHTEINE TRUSTEE 1.00 X 0 0 0 ELIZABETH PECHA-POELKER TRUSTEE 1.00 X 0 0 0 EUGENE SCHNEIDER TRUSTEE 1.00 X 0 0 0 GEORGE ZORNADA TRUSTEE 1.00 X 0 0 0 HOLLY LIFKE SPECIAL GRADUATE 1.00 X 0 0 0 JAMES R CLARK TRUSTEE 1.00 X 0 0 0 JOHN H WOLFE TRUSTEE 1.00 X 0 0 0 KENNETH PINCKNEY TRUSTEE 1.00 X 0 0 0 KIMBERLY WOOLEY TRUSTEE 1.00 X 0 0 0 LISA WOLLAN TRUSTEE 1.00 X 0 0 0 MICHAEL MILBURN TRUSTEE 1.00 X 0 0 0 MIKE MCLAUGHLIN TRUSTEE 1.00 X 0 0 0 PENELOPE GREENE TRUSTEE 1.00 X 0 0 0 PETER TUZ TRUSTEE 1.00 X 0 0 0 PHILIP K MCCULLOUGH MD TRUSTEE 1.00 X 0 0 0 RICHARD RUSSO TRUSTEE 1.00 X 0 0 0 RONALD R PETERSON TRUSTEE 1.00 X 0 0 0 SEJAL SHAH TRUSTEE 1.00 X 0 0 0 STEVEN HOPP TRUSTEE 1.00 X 0 0 0 SUSAN MEIER TRUSTEE 1.00 X 0 0 0 THOMAS BROMAN TRUSTEE 1.00 X 0 0 0 DENNIS BANGART INTERIM VP/AVP FOR FIN. AND CONTROLLER 40.00 X 100993 0 25331 STEPHEN COAN VP FOR FINANCE 40.00 X 46972 0 3255 JENNIFER MACHACEK VP FOR ENROLLMENT 40.00 X 163156 0 30011 CHRIS OGLE VP & DEAN OF STUDENTS 40.00 X 156875 0 19389 SHAWN KARSTEN VP, ADV., MARK. & COMM. 40.00 X 140590 0 33806 JOHN SISKO VP & DEAN OF FACULTY 40.00 X 140964 0 25427 MICHELE WITTLER ASSOCIATE DEAN OF FACULTY 40.00 X 103222 0 17736 1141704 0 190594 7 0 1 0 BOLDT COMPANY N21W23340 RIDGEVIEW PKWY WAUKESHA WI 53188 CONSTRUCTION COMPANY - STADIUM/SCIENCE C 13669775 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILL MD 21093 FOOD SERVICE 2810158 MARSH USA INC 1401 DISCOVERY PKWY STE 150 WAUWATOSA WI 53226 549386 AUGUST WINTER & SONS 2323 N ROEMER RD APPLETON WI 54911 MECHANICAL CONTRACTOR - SCIENCE CENTER B 547041 SSM HEALTH 12800 CORPORATE HILL DR ST LOUIS MO 63131 327440 21 13125 756511 8238064 1426651 9007700 TUITION & FEES 812900 34783886 34783886 AUXILIARY ENTERPRISES 812900 7038212 7038212 41822098 2141680 52052 2089628 4356 4356 282962 0 282962 282962 282962 44435623 1121280 42187885 11893 2247738 1109387 3357125 18663 3338462 41418 13125 38270 3148 3148 SUMMER CAMP/CONFERENCE 721000 401798 401798 MISCELLANEOUS 812900 -365914 -365914 35884 56654953 41822098 472513 5352642 24959450 24959450 324570 271683 52887 12008511 10211207 1130363 666941 691392 571510 76001 43881 2350857 2049408 171113 130336 845856 703236 91136 51484 444 444 72176 49212 22964 105019 105019 75000 75000 2474684 1915272 382594 176818 176781 21891 154890 1939783 1832675 107108 442124 436452 5672 1532248 1532248 988424 840184 13597 134643 267560 107701 136407 23452 1364283 1364283 2161447 2161447 556594 20260 536334 UBI TAX 704115 345503 358612 FOOD SERVICE CONTRACT 2359989 2359989 PROMOTIONS & AWARDS 373487 373487 ALL OTHER EXPENSES 368423 360494 7929 441307 418768 22539 57584524 48748897 7440148 1395479 5395041 5844021 18028969 11228622 11567302 6078650 939546 1640424 837274 520916 136047 141985 118445775 46192092 50624906 72253683 77259824 52110179 21039137 49385122 7911346 8597056 193739392 207800658 1417289 3221462 885888 483289 78305 167161 34016802 38587760 3065529 3125335 39463813 45585007 X 26908734 26875317 127366845 135340334 154275579 162215651 193739392 207800658 X -929571 7974613 895030 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1072685 X X X 0 112583784 2957140 11445156 12948497 114037583 110826272 2641186 6176993 7060667 112583784 117532116 3129538 -3050965 5985000 799417 110826272 91968278 7418715 22528380 4985000 -601743 117532116 97132959 879099 1057694 5746954 1354520 91968278 0.01000 0.99000 0.00000 1 0 585766 585766 109676464 39660158 70016306 8183545 6531934 1651611 72253683 ALTERNATIVE INVESTMENTS 49385122 F 49385122 ANNUITIES PAYABLE 188433 ACCRUED POSTRETIREMENT BENEFIT 1563726 CONDITIONAL ASSET RETIREMENT OBLIGATION 850778 OPERATING LEASE LIABILITIES 199439 FINANCE LEASE LIABILITIES 322959 3125335 X 40603416 7974613 933300 8907913 31695503 24959450 24959450 56654953 32663344 38270 38270 32625074 24959450 24959450 57584524 PART III, LINE 4: TO ENABLE STUDENTS AND COMMUNITY MEMBERS TO LEARN ABOUT AND EXPERIENCE DIFFERENT ART FORMS. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, ACADEMIC PROGRAMS AND FACILITIES TO ASSIST IN FURTHERING THE MISSION OF THE COLLEGE. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE COLLEGE IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE COLLEGE HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. THE COLLEGE'S TAX RETURNS THROUGH THE YEAR ENDED JUNE 30, 2020 ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 238,709. CHANGES IN SPLIT-INTEREST AGREEMENTS 359,529. CHANGES IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS HELD BY OTHERS 296,792. FUNDRAISING EXPENSES 38,270. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 24,959,450. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 38,270. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 24,959,450. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RIPON COLLEGE DRAWS STUDENTS NATIONWIDE. MATERIALS USED IN PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS INCLUDE A STATEMENT THAT RIPON COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, AND NATIONAL OR ETHNIC ORIGIN. SCHEDULE E, PART I, LINE 6 RIPON COLLEGE RECEIVED FEDERAL FUNDS INCLUDING ALL TITLE IV AID PROGRAMS. RIPON COLLEGE RECEIVES WISCONSIN FUNDS INCLUDING WTG, TIP WI MINORITY GRANTS, ACADEMIC EXCELLENCE, ROBERT BYRD, AND WI HANDICAP, INDIAN AND WI COVENANT GRANTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 2997730 0 0 0 0 0 0 2997730 0 2997730 1 0 0 1 1 0 FORM 990, SCHEDULE F, PART IV: RIPON COLLEGE INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE ORGANIZATION'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 8621, OR 8865. TO THE EXTENT THAT THE ORGANIZATION IS REQUIRED TO COMPLETE ONE OF THESE FOREIGN FORMS, IT HAS BEEN FILED WITH THE ORGANIZATION'S ANNUAL FORM 990-T. GOLF SCRAMBLE 54543 13125 41418 3592 27123 7555 54543 13125 41418 3592 27123 7555 38270 3148 1 INSTITUTIONAL GRANTS AND SCHOLARSHIPS 703 20957030 ENDOWED SCHOLARSHIPS 456 4002420 PART I, LINE 2: RIPON COLLEGE TRACKS ALL GRANTS ISSUED BY GRANT, DOLLAR AMOUNT, STUDENT, AND TERM. FINANCIAL AID AWARDS GRANTS BASED ON THE GRANTEES ELIGIBILITY FOR ANY GRANT. ELIGIBILITY MAY BE BASED ON NEED, GRADES, MAJORS, ETC. IF NEED BASED, THE FAFSA WILL BE UTILIZED. EACH GRANT MAY HAVE UNIQUE SELECTION CRITERIA WHICH IS DOCUMENTED BY THE FINANCIAL AID DEPARTMENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 VICTORIA FOLSE PRESIDENT 258932 0 30000 0 0 0 19554 0 16085 0 324571 0 0 0 JENNIFER MACHACEK VP FOR ENROLLMENT 154454 0 8702 0 0 0 11312 0 18699 0 193167 0 0 0 CHRIS OGLE VP & DEAN OF STUDENTS 140453 0 16422 0 0 0 10384 0 9005 0 176264 0 0 0 SHAWN KARSTEN VP, ADV., MARK. & COMM. 125350 0 15240 0 0 0 9906 0 23900 0 174396 0 0 0 JOHN SISKO VP & DEAN OF FACULTY 133615 0 7349 0 0 0 9553 0 15874 0 166391 0 0 0 PART I, LINE 1A IRS INSTRUCTIONS TO FORM 990 REQUIRE THAT THE FAIR MARKET VALUE OF HOUSING PROVIDED TO EMPLOYEES BY THEIR EMPLOYER BE REPORTED ON FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II (WHETHER OR NOT THE VALUE IS DEEMED TAXABLE). AS A CONDITION OF EMPLOYMENT, THE PRESIDENT OF RIPON COLLEGE IS REQUIRED TO RESIDE IN THE RESIDENCE ON THE CAMPUS PREMISES. THE RESIDENCE SERVES BOTH AS A PERSONAL RESIDENCE AS WELL AS A VENUE FOR THE REGULAR CARRYING ON OF COLLEGE BUSINESS. THE COLLEGE HAS DETERMINED THAT THE VALUE OF THE USE OF THIS PERSONAL-RESIDENCE IS NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT AS PROVIDED FOR IN INTERNAL REVENUE CODE 119. FOR FISCAL YEAR 2024, THE VALUE OF THE PRESIDENT'S USE OF THE RESIDENCE IS CONSERVATIVELY ESTIMATED TO BE $33,480. THIS ESTIMATE VALUE IS BASED ON AN ESTIMATED MONTHLY RENTAL VALUE OF THE RESIDENCE OF $2,790/MONTH INCLUDING UTILITIES TOTALING $33,480 ANNUALLY. X 27 1426651 NET SELLING PRICE 0 0 1 1 PART I, COLUMN (B): THE AMOUNT IN PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: RIPON COLLEGE USES BMO HARRIS FINANCIAL ADVISORS TO RECEIVE STOCK SENT TO DTC AND TO SELL THAT STOCK. BMO HARRIS FINANCIAL ADVISORS HOLDS THE STOCK UNTIL RIPON AUTHORIZES THE SALE. BMO HARRIS FINANCIAL ADVISORS THEN SELLS THE STOCK AND PROVIDES A CONFIRMATION OF THE TRANSACTION ELECTRONICALLY. THE PROCEEDS ARE SENT BY CHECK TO THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES SHALL ELECT TO MEMBERSHIP ON THE BOARD SUCCESSORS TO THOSE MEMBERS WHOSE TERMS EXPIRE ON THAT DATE, WITH THE EXCEPTION OF THE ALUMNI TRUSTEE AND THE SPECIAL GRADUATE TRUSTEE. ONE OF THE AFORESAID SUCCESSORS SHALL BE RECOMMENDED BY THE ALUMNI AND ONE BY THE STUDENT BODY, AS HEREINAFTER PROVIDED. TRUSTEES SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE TRUSTEES PRESENT AT THE MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO EACH MEMBER OF THE AUDIT COMMITTEE FOR THEIR REVIEW. ANY NECESSARY CHANGES OR CORRECTIONS ARE MADE AND A FINAL FORM 990 IS SENT TO ALL MEMBERS PRIOR TO FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM YEARLY. A SUMMARY OF ALL FORMS DISTRIBUTED, RETURNED, AND THE NUMBER WITH DISCLOSURES IS COMPLETED. ALL FORMS WITH DISCLOSURES ARE REVIEWED BY THE PRESIDENT AND VICE PRESIDENT FOR FINANCE. THOSE WITH DISCLOSURES ARE CATEGORIZED AS NOT A CONFLICT", A POTENTIAL CONFLICT BUT IMMATERIAL TO THE COLLEGE, AND THOSE THAT REQUIRE FURTHER ACTION. IF ANY ARE DEEMED TO REQUIRED FURTHER ACTION, THEN THOSE ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE. IF ACTION IS NECESSARY, PROPER ACTIONS ARE TAKEN BY THE COLLEGE TO ENSURE THAT ANY DETRIMENTAL IMPACT TO THE COLLEGE IS MINIMIZED OR NEGATED. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE, SUBJECT TO THE APPROVAL OF THE BOARD, FOR THE APPOINTMENT, COMPENSATION, AND EVALUATION OF THE OFFICE OF PRESIDENT, AND SHALL BE RESPONSIBLE FOR APPOINTMENT AND COMPENSATION, UPON THE RECOMMENDATION OF THE PRESIDENT FOR THE OFFICES OF VICE PRESIDENT AND DEAN OF FACULTY, VICE PRESIDENT AND DEAN OF STUDENTS, VICE PRESIDENT FOR FINANCE, VICE PRESIDENT OF ADVANCEMENT AND MARKETING AND COMMUNICATIONS, AND VICE PRESIDENT AND DEAN OF ADMISSION AND FINANCIAL AID. THE EXECUTIVE COMMITTEE SHALL CONSIDER ADJUSTMENT IN THE COMPENSATION OF SUCH OFFICERS ON AN ANNUAL BASIS. SALARIES WILL BE REVIEWED ON AN ANNUAL BASIS AND ANY SPECIAL INCREASE/DECREASE DIFFERING FROM THE ANNUAL ACROSS THE BOARD INCREASE/DECREASE WILL BE DONE BY SEPARATE LETTER AND SENT TO THE VICE PRESIDENT FOR FINANCE NO LATER THAN DECEMBER 15TH OF EACH YEAR TO TAKE EFFECT IN JANUARY OF THE NEXT CALENDAR YEAR. THE COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES IS REVIEWED FOR REASONABLENESS THROUGH REVIEW OF COMPARABLE POSITIONS AT PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 238,709. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 359,529. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS HELD BY OTHERS 296,792. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. PERPETUAL TRUSTS (2) SUPPORT WI RIPON COLLEGE 1 CHARITABLE GIFT ANNUITIES (6) SUPPORT WI RIPON COLLEGE 1 CHARITABLE REMAINDER TRUST (1) SUPPORT WI RIPON COLLEGE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0