2023-05-09T12:59:39-05:00 2022-06-30 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2021-07-01 390826049 RIPON COLLEGE RIPO 9207488108 PO BOX 248 RIPON WI 54971 DAVID WESSE INTERIM VP FOR FINANCE 9207488108 2023-05-09 1 DAVID WESSE 999009999 TROY MARINE CPA P00187863 4147775500 2023-05-06 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z VICKIE FOLSE 300 SEWARD STREET RIPON WI 54971 82647025 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. 32 32 639 8 1599862 1240632 15088987 10839336 41625683 43511684 2071265 14852603 330973 540122 59116908 69743745 24503519 25372579 0 0 13372878 13922823 0 0 1243627 13808169 15877234 51684566 55172636 7432342 14571109 186456852 179589741 44003344 40908456 142453508 138681285 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 48919650 25372579 43511684 RIPON COLLEGE, AN ACCREDITED PRIVATE INSTITUTION, PROVIDES A FOUR-YEAR DEGREE PROGRAM IN THE LIBERAL ARTS. THIS EDUCATIONAL PROGRAM BENEFITS MORE THAN 687 FULL TIME EQUIVALENT STUDENTS. 48919650 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 1005 0 1 639 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X DAVID WESSE 9207488108 300 SEWARD STREET RIPON WI 54971 ZACHARIAH MESSITTE TRUSTEE/PRESIDENT (TERM 1/3/22) 40.00 X X 263266 0 37974 THOMAS W ABENDROTH TRUSTEE/CHAIR 1.00 X X 0 0 0 SUSAN MEIER TRUSTEE/VICE CHAIR (TERM 10/1/2021) 1.00 X X 0 0 0 CONNIE MOSER TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 RONALD R PETERSON TRUSTEE/PAST CHAIR 1.00 X X 0 0 0 MARK FRANZEN TRUSTEE/SECRETARY 1.00 X X 0 0 0 MARTIN LINDSAY TRUSTEE/TREASURER 1.00 X X 0 0 0 WILLIAM C MACLEOD TRUSTEE/SECRETARY (TERM 10/1/2021) 1.00 X X 0 0 0 ALICE ARCHABAL TRUSTEE 1.00 X 0 0 0 ANDREW KITSLAAR TRUSTEE 1.00 X 0 0 0 ANN RAWDING TRUSTEE (TERM 10/1/2021) 1.00 X 0 0 0 BLAINE GIBSON TRUSTEE 1.00 X 0 0 0 CAMERON KLEIN TRUSTEE 1.00 X 0 0 0 CAMILLE CLEMONS 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 GEORGE ZORNADA TRUSTEE 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 JOSEPH TOLAN TRUSTEE (TERM 6/30/2022) 1.00 X 0 0 0 KENNETH PINCKNEY TRUSTEE (START 10/1/2022) 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 HARTMAN TRUSTEE (TERM 6/30/2022) 1.00 X 0 0 0 MICHAEL MILBURN 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 ROBERT J KIRKLAND TRUSTEE (TERM 10/1/2021) 1.00 X 0 0 0 ROBERT MURRAY TRUSTEE 1.00 X 0 0 0 ROBERT WELCH 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 THOMAS BROMAN TRUSTEE 1.00 X 0 0 0 JOHN SISKO VP & DEAN OF FACULTY 40.00 X 136023 0 24518 JENNIFER L MACHACEK VP FOR ENROLLMENT 40.00 X 148907 0 29110 CHRIS OGLE VP & DEAN OF STUDENTS 40.00 X 137979 0 25203 ANDREA YOUNG VP FINANCE & ASST TREASURER 40.00 X 124958 0 27020 SHAWN KARSTEN VP, ADV., MARK. & COMM. 40.00 X 110944 0 31841 922077 0 175666 8 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILL MD 21093 FOOD SERVICE 2707790 EAB PO BOX 603519 CHARLOTTE NC 28260 CONSULTING SERVICES 275965 APOGEE TELECOM INC 715 W 23RD STREET AUSTIN TX 78705 TELECOMUNICATIONS 266328 WISCONSIN ASSOCIATION OF INDEPENDENT COL 122 W WASHINGTON AVE SUITE 700 MADISON WI 53703 PURCHASING CONSORTUM 196292 AGNESIAN HEALTHCARE 420 EAST DIVISION STREET FOND DU LAC WI 54935 HEALTHCARE 177513 13 15558 3178394 7645384 907599 10839336 TUITION & FEES 812900 36654936 36654936 AUXILIARY ENTERPRISES 812900 6856748 6856748 43511684 962546 46190 916356 3629 3629 166563 0 166563 166563 166563 26434483 333625 12878051 0 13556432 333625 13890057 1276300 12613757 38056 15558 25229 12827 12827 SUMMER CAMP/CONFERENCE 721000 277372 277372 MISCELLANEOUS 812900 70781 70781 LIFE INSURANCE PROCEED 900099 8950 8950 357103 69743745 43511684 1599862 13792863 25372579 25372579 301240 252155 49085 10656903 9104283 1001201 551419 567686 464033 64907 38746 1667146 1384647 169344 113155 729848 606681 79809 43358 67581 11510 56071 66620 66620 75000 75000 2166702 1413767 498655 254280 180012 7332 172680 1363846 1025175 214723 123948 525554 520138 5416 1587335 1530647 56688 586233 520856 23809 41568 163588 57887 90776 14925 914730 914730 1864472 1864472 564486 564486 UBI TAX 256442 256442 FOOD SERVICE CONTRACT 2360751 2360751 PROMOTIONS & AWARDS 1647618 1648776 -9508 8350 REPAIRS & MAINTENANCE 734856 692422 42434 751408 333694 412921 4793 55172636 48919650 5009359 1243627 133820 4510513 9592360 14262156 4934306 2380950 1142529 1038807 1635441 1078959 168793 141321 91058978 42490814 49829636 48568164 67664618 81403828 43083404 18839811 8271945 7365232 186456852 179589741 1665616 1687035 1848946 1240856 893463 73897 36186290 35119981 3409029 2786687 44003344 40908456 X 25599053 28173216 116854455 110508069 142453508 138681285 186456852 179589741 X 14571109 -17381765 -961567 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1072685 X X X 0 117532116 3129538 -3050965 5985000 799417 110826272 91968278 7418715 22528380 4985000 -601743 117532116 97132959 879099 1057694 5746954 1354520 91968278 94360630 3020463 5118343 5366477 97132959 90595172 2310828 5497625 4042995 94360630 0.07860 0.92140 1 0 585766 585766 82557907 36229119 46328788 7915305 6261695 1653610 48568164 ALTERNATIVE INVESTMENTS 18839811 F 18839811 ANNUITIES PAYABLE 205641 ACCRUED POSTRETIREMENT BENEFIT 1691830 CONDITIONAL ASSET RETIREMENT OBLIGATION 889216 2786687 X 26053063 -17381765 -936338 -18318103 44371166 25372579 25372579 69743745 29825286 25229 25229 29800057 25372579 25372579 55172636 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, 2022 AND 2021. THE COLLEGE'S TAX RETURNS THROUGH FISCAL YEAR 2018 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 40,960. CHANGES IN SPLIT-INTEREST AGREEMENTS -109,814. CHANGES IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS HELD BY OTHERS -892,713. FUNDRAISING EXPENSES 25,229. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 25,372,579. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 25,229. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 25,372,579. 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 STATEMENTS 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 5029073 0 0 0 0 0 0 5029073 0 5029073 1 0 0 1 1 0 PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART IV: 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 53614 15558 38056 23092 2137 53614 15558 38056 23092 2137 25229 12827 1 INSTITUTIONAL GRANTS AND SCHOLARSHIPS 775 21874902 ENDOWED SCHOLARSHIPS 474 3497677 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 ZACHARIAH MESSITTE TRUSTEE/PRESIDENT (TERM 1/3/22) 249966 0 13300 0 0 0 17290 0 20684 0 301240 0 0 0 JENNIFER L MACHACEK VP FOR ENROLLMENT 140924 0 7983 0 0 0 10378 0 18732 0 178017 0 0 0 CHRIS OGLE VP & DEAN OF STUDENTS 122912 0 15067 0 0 0 9526 0 15677 0 163182 0 0 0 JOHN SISKO VP & DEAN OF FACULTY 128926 0 7097 0 0 0 9226 0 15292 0 160541 0 0 0 ANDREA YOUNG VP FINANCE & ASST TREASURER 118216 0 6742 0 0 0 8765 0 18255 0 151978 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 2021, THE VALUE OF THE PRESIDENT'S USE OF THE RESIDENCE IS CONSERVATIVELY ESTIMATED TO BE $31,500. THIS ESTIMATE VALUE IS BASED ON AN ESTIMATED MONTHLY RENTAL VALUE OF THE RESIDENCE OF $2,625/MONTH INCLUDING UTILITIES TOTALING $31,500 ANNUALLY. X 42 663589 FAIR MARKET VALUE X 1 190000 APPRAISAL X INVOICE SUPPLIES 1 54010 COST 0 1 1 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 40,960. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -109,814. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS HELD BY OTHERS -892,713. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. PERPETUAL TRUSTS (2) SUPPORT WI RIPON COLLEGE 1 CHARITABLE GIFT ANNUITIES (10) 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