2023-05-13T11:03:44-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2021-07-01 410694747 CARLETON COLLEGE CARL 5072224000 ONE NORTH COLLEGE STREET NORTHFIELD MN 55057 ERIC RUNESTAD VP & TREASURER 5072224000 2023-03-15 1 ERIC RUNESTAD 999009999 SARAH HINTZ P00492291 3037795710 2023-05-04 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ALISON BYERLY ONE NORTH COLLEGE STREET NORTHFIELD MN 55057 246306197 0 X WWW.CARLETON.EDU X 1866 MN TO PROVIDE AN EXCEPTIONAL UNDERGRADUATE LIBERAL ARTS EDUCATION. 33 31 2857 3545 152620 3560739 85839092 48857408 131393155 146966410 101237262 81731010 2304297 3404586 320773806 280959414 47598456 53596093 0 0 87741517 92232445 0 0 6917836 68057236 78000316 203397209 223828854 117376597 57130560 1738198659 1658331169 177436100 167328120 1560762559 1491003049 X 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, MATHMATICS, 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. 0 0 122241306 53440361 119529572 INSTRUCTION - CARLETON COLLEGE EXISTS TO PROVIDE AN EXCEPTIONAL LIBERAL ARTS EDUCATION FOR STUDENTS, PREPARING THEM FOR LEADERSHIP IN THEIR COMMUNITIES, COUNTRIES AND THE WORLD (1,969 STUDENTS). A STUDENT-FACULTY RATIO OF 9:1 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 (1,776 STUDENTS). 24402647 0 0 ACADEMIC SUPPORT - PROGRAMS TO ENHANCE THE CARLETON LIBERAL ARTS EXPERIENCE WITH LIBRARY AND INFORMATION TECHNOLOGY RESOURCES (1,969 STUDENTS) 19689425 0 26515258 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 (1,822 STUDENTS) 19914344 80000 0 STUDENT SERVICES PROGRAMS - PROGRAMS DESIGNED TO SUPPORT THE CARLETON COLLEGE STUDENT LIFE EXPERIENCE INCLUDING CO-CURRICULAR AND RECREATIONAL OPPORTUNITIES (1,969 STUDENTS) 4692760 75732 0 RESEARCH - FACULTY AND STUDENT RESEARCH TO ENHANCE THE ACADEMIC INSTRUCTIONAL EXPERIENCE 1104529 0 921580 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 (247 ATTENDEES) 25711633 155732 921580 192045011 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 X 419 0 1 2857 1 1 1 1 FR NZ SP IN ET 0 0 0 0 0 0 0 0 0 1 X 33 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MN NH WA X X ERIC RUNESTAD 5072225411 ONE NORTH COLLEGE STREET NORTHFIELD MN 55057 KELSEY DESHLER CHIEF INVESTMENT OFFICER 60.00 X 682497 0 60253 TIMOTHY GRIFFETH DIRECTOR OF INVESTMENTS 60.00 X 446348 0 73068 ART D RODRIGUEZ VP AND DEAN OF ADMISSIONS AND FINANCIAL AID 60.00 X 258214 0 46409 CAROLYN H LIVINGSTON VP FOR STUDENT LIFE AND DEAN OF STUDENTS 60.00 X 203183 0 46730 ELISE ESLINGER CHIEF OF STAFF 60.00 X 206339 0 36189 JULIE J NEIWORTH PROFESSOR OF PSYCHOLOGY 60.00 X 203629 0 31543 STEVEN SPEHN DIRECTOR OF FACILITIES & CAPITAL PLANNING 60.00 X 198347 0 40097 STEVEN G POSKANZER PRESIDENT 60.00 X X 929007 0 511477 ALISON BYERLY PRESIDENT 60.00 X X 309081 0 58646 THOMAS BONNER VP FOR EXTERNAL RELATIONS 60.00 X 412431 0 57902 ERIC RUNESTAD VP AND TREASURER 60.00 X 288080 0 53311 BEVERLY NAGEL DEAN OF THE COLLEGE (FORMER) 60.00 X 337224 0 40023 GRETCHEN E HOFMEISTER DEAN OF THE COLLEGE 60.00 X 235811 0 21485 WALLACE R WEITZ TRUSTEE CHAIR 8.00 X X 0 0 0 CAROL BARNETT TRUSTEE VICE CHAIR/SECRETARY 8.00 X X 0 0 0 CATHY PAGLIA TRUSTEE VICE CHAIR 8.00 X X 0 0 0 LOVE C ANANI TRUSTEE 5.00 X 0 0 0 EMILY BARR TRUSTEE 5.00 X 0 0 0 ALAN R BAUER TRUSTEE 5.00 X 0 0 0 LILA CONLEE TRUSTEE 5.00 X 0 0 0 STEPHEN J DAVIS TRUSTEE 5.00 X 0 0 0 ARNOLD W DONALD TRUSTEE 5.00 X 0 0 0 HERBERT A FRITCH TRUSTEE 5.00 X 0 0 0 LIA GORE TRUSTEE 5.00 X 0 0 0 CATHERINE L GUNSBURY TRUSTEE 5.00 X 0 0 0 JOHN F HARRIS TRUSTEE 5.00 X 0 0 0 MICHAEL J HASENSTAB TRUSTEE 5.00 X 0 0 0 LESLIE KAUTZ TRUSTEE 5.00 X 0 0 0 PAMELA KIECKER ROYALL TRUSTEE 5.00 X 0 0 0 RICHARD R KRACUM TRUSTEE 5.00 X 0 0 0 KARL C KWOK TRUSTEE 5.00 X 0 0 0 TRACE H MCCREARY TRUSTEE 5.00 X 0 0 0 LAIRD MCCULLOCH TRUSTEE 5.00 X 0 0 0 JENINNE C MCGEE TRUSTEE 5.00 X 0 0 0 STEVEN C PARRISH TRUSTEE 5.00 X 0 0 0 ROLF S PETERS TRUSTEE 5.00 X 0 0 0 NICHOLAS J PUZAK TRUSTEE 5.00 X 0 0 0 RAUL I RAYMUNDO TRUSTEE 5.00 X 0 0 0 LISE N REVERS TRUSTEE 5.00 X 0 0 0 DAVID B SMITH JR TRUSTEE 5.00 X 0 0 0 MICHAEL J SOBASKI TRUSTEE 5.00 X 0 0 0 ALISON M VON KLEMPERER TRUSTEE 5.00 X 0 0 0 JUSTIN B WENDER TRUSTEE 5.00 X 0 0 0 MICHAEL L WIEBOLT TRUSTEE 5.00 X 0 0 0 CANDACE E WILLIAMS TRUSTEE 5.00 X 0 0 0 JOHN L YOUNGBLOOD TRUSTEE 5.00 X 0 0 0 4710191 0 1077133 207 1 1 0 BON APPETIT 100 HAMILTON AVENUE STE 400 PALO ALTO CA 94301 DINING SERVICES 9048945 MCGOUGH CONSTRUCTION CO 2737 FAIRVIEW AVENUE NORTH ST PAUL MN 55113 GENERAL CONTRACTOR 7627931 TERRA GENERALCONTRACTORS LLC 21025 COMMERCE BLVD ROGERS MN 55374 GENERAL CONTRACTOR 7104014 JE DUNN CONSTRUCTION CO 800 WASHINGTON AVENUE N MINNEAPOLIS MN 55401 GENERAL CONTRACTOR 3343344 HOMELAND HEALTH SPECIALISTS INC 1621 E HENNEPIN AVENUE STE 230 MINNEAPOLIS MN 55414 COVID SURVEILLANCE TESTING 2078815 37 4883530 43973878 10065968 48857408 TUITION AND FEES 611710 119529572 119529572 ROOM AND BOARD 611710 26515258 26515258 SUMMER TEACHING INSTIT 611310 921580 921580 146966410 18034933 18034933 184597 184597 375292 574274 -198982 -198982 -198982 28355536 113050 -34552617 -674874 62908153 787924 63696077 63696077 OTHER REVENUE 900099 3266351 3266351 WIND TURBINE 221000 152620 152620 3418971 280959414 146966410 152620 84982976 155732 155732 53440361 53440361 3162251 303735 2298652 559864 375367 75073 300294 67499019 57921418 5723792 3853809 6189159 5029047 727378 432734 10145172 8503852 917576 723744 4861477 4001131 556910 303436 152230 152230 93094 93094 9398005 9398005 7686462 6396331 1115774 174357 61361 3905 57456 8495157 8148868 -26230 372519 1942469 1839515 100239 2715 7191948 7191948 5706853 5272316 179486 255051 1660639 638678 830172 191789 4994947 4994947 13665237 13548224 117013 1372189 695373 676786 30 STUDENT DINING SERVICES 8941434 8941434 MISCELLANEOUS EXPENSES 4863034 3891841 946311 24882 MEMBERSHIP FEES 1775257 1051282 701069 22906 223828854 192045011 24866007 6917836 182697855 31722733 22061636 19233003 3237218 2431476 413666 410455 1713094 2441808 520701163 162073663 349621038 358627500 535944986 523491997 623226505 704700552 2895306 2289554 16387355 12982091 1738198659 1658331169 21710422 19610918 6251333 5882533 124457762 120161008 1394474 625559 23622109 21048102 177436100 167328120 X 706110094 694224045 854652465 796779004 1560762559 1491003049 1738198659 1658331169 X 57130560 -126581688 -308382 X X 0 1 X 1 1 1 X 53399185 45784488 51715968 85839092 48857408 285596141 53399185 45784488 51715968 85839092 48857408 285596141 45768977 239827164 11224665 15504330 16995717 35397163 18594822 97716697 2410974 5546659 7957633 2725350 2594045 1922585 2316585 3266351 12824916 404095387 562310626 0.59350 0.65150 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2017 AMOUNT: $ 2,725,350. 2018 AMOUNT: $ 2,594,045. 2019 AMOUNT: $ 1,922,585. 2020 AMOUNT: $ 2,316,585. 2021 AMOUNT: $ 3,266,351. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 0 0 1 1 1 100952 1 1 0 100952 0 PART II-B, LINE 1: COLLEGE RELATIONS OCCASIONALLY CONTACT LEGISLATORS TO EXPRESS THE COLLEGE'S VIEWS ON PENDING LEGISLATION WHICH WOULD AFFECT THE COLLEGE. COSTS INCURRED IN CONNECTION WITH THESE ACTIVITIES ARE INSIGNIFICANT AND NO SEPARATE ACCOUNT IS MADE FOR THESE COSTS. IN ADDITION, STUDENTS PARTICIPATE IN A VOLUNTEER ACTIVITY SPONSORED BY THE MINNESOTA PRIVATE COUNCIL (MPCC) CALLED "DAY AT THE CAPITAL" TO DISCUSS THE IMPORTANCE OF THE STATE GRANT PROGRAM WITH REPRESENTATIVES. COSTS INCURRED BY THE COLLEGE TO SUPPORT THIS PROGRAM ARE DE MINIMIS. CARLETON 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, INCLUDED, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTEREST OF PRIVATE HIGHER EDUCATION. CARLETON COLLEGE PAID MEMBER DUES TO MPCC IN THE AMOUNT OF $129,608 DURING THE TAXABLE YEAR. MPCC HAD DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2022 INTO TWO GROUPS. GROUP 1 CONSISTS OF THOSE EXPENSES THAT DID NOT IN ANY WAY SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"), AND GROUP 2 CONSISTS OF ALL OTHER EXPENSES. GROUP 2 INCLUDES MANY EXPENSES SUCH AS PERSONNEL COSTS THAT SUPPORT BOTH LOBBYING AND NONLOBBYING ACTIVITIES. MPCC DID NOT ATTEMPT TO ALLOCATE THE GROUP 2 EXPENSES BETWEEN LOBBYING AND NONLOBBYING ACTIVITIES. MPCC HAD DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 77.89% OF THE AMOUNT OF DUES THAT MPCC COLLECTED IN THE SAME TAXABLE YEAR. ASSUMING THAT ALL GROUP 2 EXPENSES WERE PAID FROM MEMBER DUES, AND ALLOCATING THOSE EXPENSES PRO RATA BASED ON THE DUES PAID BY EACH MEMBER, $100,952 OF CARLETON COLLEGE'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM CARLETON COLLEGE'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. 98000 98000 X X X 0 0 1 X 1177591148 24155753 -31932372 13763033 34441127 8679867 1112930501 877276225 63397175 290531660 12562398 32615343 8436171 1177591148 907276053 23090538 -2606087 11188431 31625670 7670178 877276225 894233503 29076410 32053614 10756962 30048391 7282121 907276053 837308012 29763471 72580595 9673465 29310035 6435075 894233503 0.34930 0.31000 0.34070 1 0 3785214 3785214 392924360 120862801 272061559 110977080 41210862 69766218 13014509 13014509 358627500 PRIVATE EQUITY 276976477 F HEDGE FUNDS 237997472 F REAL ASSETS 139042601 F PLANNED GIFT AGREEMENTS AND OTHER 50684002 F 704700552 ANNUITIES PAYABLE 18340313 ASSET RETIREMENT OBLIGATION 2707789 21048102 X 91805252 -126581688 265892 -126315796 218121048 9398005 53440361 62838366 280959414 161564762 574274 574274 160990488 9398005 53440361 62838366 223828854 PART III, LINE 4: CARLETON'S ART COLLECTION IS FOR STUDENT RESEARCH AND STUDY INCLUDING COLLEGE ARCHIVES OF INSTITUTIONALLY SIGNIFICANT TREASURES AND 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 $635,000 FOR THE FISCAL YEAR ENDED JUNE 30, 2022. EXCISE TAX REMITTED FOR THE PERIOD ENDED JUNE 30, 2021 WAS $966,755. 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 -308,382. RENTAL EXPENSES 574,274. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO STUDENTS 53,440,361. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 574,274. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO STUDENTS 53,440,361. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE 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. CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS 303447243 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 13222863 NORTH AMERICA 0 0 INVESTMENTS 3478585 EUROPE 0 0 INVESTMENTS 44588067 EUROPE 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - ENGLISH LITERATURE & THEATER IN LONDON 256813 EUROPE 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - FRENCH STUDIES IN PARIS 310607 EUROPE 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - CROSS CULTURAL PSYCHOLOGY IN PRAGUE 259102 EUROPE 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - SPANISH STUDIES IN MADRID 207359 EUROPE 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - SPORT & GLOBALIZATION IN LONDON & SEVILLE 413157 SOUTH ASIA 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - BUDDHIST STUDIES BODH GAYA 398501 EUROPE 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - COMPARATIVE WOMEN'S & GENDER STUDIES IN EUROPE 320299 EUROPE 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - ART HISTORY IN EUROPE 425781 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - HISTORY, CULTURE & COMMERCE: ZANZIBAR, OMAN, BAHRAIN 278710 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - SOCIETY, HISTORY & POPULAR CULTURE IN SENEGAL 28616 0 0 0 0 0 0 365770639 1865064 367635703 1 0 1 1 1 0 PART I, LINE 3: THE COLLEGE USES THE ACCRUAL METHOD OF ACCOUNTING TO REPORT EXPENDITURES ON PART I. PART III ACCOUNTING METHOD: 1 CITY OF NORTHFIELD 801 WASHINGTON STREET NORTHFIELD MN 55057 416005424 CITY OF NORTHFIELD 80000 0 N/A N/A COMMUNITY ENGAGEMENT PENN STATE UNIVERSITY 110 TECHNOLOGY CTR BLDG UNIVERSITY PARK PA 16802 246000376 501(C)(3) 16867 0 N/A N/A ONLINE MODULES FOR QUANTITATIVE SKILL BUIDLING: EXPLORING, ADAPTATION AND ADOPTION UNIVERSITY OF CALIFORNIA 9500 GILMAN DRIVE LA JOLLA CA 92093 956006144 501(C)(3) 47910 0 N/A N/A DEVELOPMENT OF NOVEL AUGMENTED REALITY TOOL FOR TEACHING MOLECULAR VISUALIZATION IN BIOCHEMISTRY POMONA COLLEGE 550 N COLLEGE AVENUE CLAREMONT CA 01267 951664112 501(C)(3) 10955 0 N/A N/A DEVELOPMENT OF NOVEL AUGMENTED REALITY TOOL FOR TEACHING MOLECULAR VISUALIZATION IN BIOCHEMISTRY 4 0 STUDENT SCHOLARSHIPS 1694 53440361 N/A N/A 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 X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KELSEY DESHLER CHIEF INVESTMENT OFFICER 357271 0 317337 0 7889 0 28500 0 31753 0 742750 0 0 0 TIMOTHY GRIFFETH DIRECTOR OF INVESTMENTS 248767 0 197041 0 540 0 24500 0 48568 0 519416 0 0 0 ART D RODRIGUEZ VP AND DEAN OF ADMISSIONS AND FINANC 256404 0 1000 0 810 0 22728 0 23681 0 304623 0 0 0 CAROLYN H LIVINGSTON VP FOR STUDENT LIFE AND DEAN OF STUD 201373 0 1000 0 810 0 18316 0 28414 0 249913 0 0 0 ELISE ESLINGER CHIEF OF STAFF 203701 0 1000 0 1638 0 14629 0 21560 0 242528 0 0 0 JULIE J NEIWORTH PROFESSOR OF PSYCHOLOGY 199065 0 1000 0 3564 0 13917 0 17626 0 235172 0 0 0 STEVEN SPEHN DIRECTOR OF FACILITIES & CAPITAL PLA 193783 0 1000 0 3564 0 16817 0 23280 0 238444 0 0 0 STEVEN G POSKANZER PRESIDENT 922411 0 1000 0 5596 0 451587 0 59890 0 1440484 0 0 0 ALISON BYERLY PRESIDENT 257675 0 0 0 51406 0 26042 0 32604 0 367727 0 0 0 THOMAS BONNER VP FOR EXTERNAL RELATIONS 383366 0 1000 0 28065 0 28065 0 29837 0 470333 0 0 0 ERIC RUNESTAD VP AND TREASURER 285838 0 1000 0 1242 0 25400 0 27911 0 341391 0 0 0 BEVERLY NAGEL DEAN OF THE COLLEGE (FORMER) 330062 0 1000 0 6162 0 26615 0 13408 0 377247 0 0 0 GRETCHEN E HOFMEISTER DEAN OF THE COLLEGE 232489 0 1000 0 2322 0 20242 0 1243 0 257296 0 0 0 PART I, LINE 1A STEVEN POSKANZER: RESIDENCE FOR PERSONAL USE ($25,465) AND HOUSE CLEANING SERVICE ($6,004), NOT INCLUDED IN TAXABLE INCOME AS THE HOUSING ASSIGNMENT IS REQUIRED BY THE COLLEGE AS A CONDITION OF EMPLOYMENT. ALISON BYERLY: RESIDENCE FOR PERSONAL USE ($18,190) AND HOUSE CLEANING SERVICE ($4,289), 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. A MN HIGHER EDUCATION FACILITIES AUTHORITY SERIES 2017 410988525 60416H3W2 2017-05-24 124900000 SEE PART VI 1 0 0 A 30775300 139670300 756612 70000000 45913688 2020 1 1 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 1 A 0 0 1 1 0 0 0 0 1 A 1 SCHEDULE K, PART I, BOND ISSUES, COLUMN (F) (B) DESCRIPTION OF PURPOSE: WEITZ CENTER MUSIC ADDITION, SCIENCE COMPLEX CONSTRUCTION, UTILITY INFRASTRUCTURE IMPROVEMENTS & ADDITIONS X 1 92000 APPRAISAL X 133 9966968 FMV X 1 7000 APPRAISAL 1 0 1 1 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. 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 FOR THEIR REVIEW PRIOR TO SUBMITTING IT TO THE IRS. THE FORM 990 IS ALSO INCLUDED ON THE BOARD OF TRUSTEES' WEBSITE AND PROVIDED WITH THE BOARD MATERIALS FOR ALL BOARD MEMBERS TO REFERENCE. 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. SUCH INTERESTS INCLUDE A LIST OF FAMILY MEMBERS, 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 REVIEW WAS WAS COMPLETED IN MAY 2021. 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 -308,382. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. PATRICIA V DAMON SCHOLARSHIP FUND 230 FRONT ST N LACROSSE WI 54601 686229419 TRUST WI 501(C)(3) LINE 12B, II CARLETON COLLEGE 1 S EUGENE BAILEY SCHOLARSHIP TRUST PO BOX 64713 ST PAUL MN 55164 416439914 TRUST MN 501(C)(3) PF CARLETON COLLEGE 1 CHARITABLE REMAINDER TRUSTS (48) ONE NORTH COLLEGE STREET NORTHFIELD MN 55057 CHARITABLE REMAINDER TRUSTS MN CARLETON COLLEGE T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CHARITABLE REMAINDER TRUSTS S 120027 FMV AT DATE OF DEATH S EUGENE BAILEY SCHOLARSHIP TRUST S 300428 FMV PATRICIA V DAMON SCHOLARSHIP FUND S 128500 FMV