2022-05-15T11:29:07-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2020-07-01 440545271 COTTEY COLLEGE COTT 4176678181 1000 WEST AUSTIN NEVADA MO 64772 JEANNIE NIKODIM CONTROLLER 4176678181 2022-05-13 1 JEANNIE NIKODIM 999009999 DEIRDRE HODGSON P01484710 6123764500 2022-05-13 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z JEANNIE NIKODIM 1000 WEST AUSTIN NEVADA MO 64772 45384924 0 X WWW.COTTEY.EDU X 1925 MO COTTEY COLLEGE, AN INDEPENDENT LIBERAL ARTS AND SCIENCES COLLEGE, EDUCATES WOMEN TO BE CONTRIBUTING MEMBERS OF A GLOBAL SOCIETY THROUGH A CHALLENGING CURRICULUM AND A DYNAMIC CAMPUS EXPERIENCE. IN OUR DIVERSE AND SUPPORTIVE ENVIRONMENT, WOMEN DEVELOP THEIR POTENTIAL FOR PERSONAL AND PROFESSIONAL LIVES OF INTELLECTUAL ENGAGEMENT AND THOUGHTFUL ACTION AS LEARNERS, LEADERS, AND CITIZENS. 11 11 473 500 0 0 13338584 7042800 7297383 8269742 1495738 8352731 904552 1348833 23036257 25014106 4093207 5375923 0 0 10889306 11227472 0 0 615924 6033367 5536095 21015880 22139490 2020377 2874616 121697247 140381856 1182623 1727289 120514624 138654567 X COTTEY COLLEGE, AN INDEPENDENT LIBERAL ARTS AND SCIENCES COLLEGE, EDUCATES WOMEN TO BE CONTRIBUTING MEMBERS OF A GLOBAL SOCIETY THROUGH A CHALLENGING CURRICULUM AND A DYNAMIC CAMPUS EXPERIENCE. IN OUR DIVERSE AND SUPPORTIVE ENVIRONMENT, WOMEN DEVELOP THEIR POTENTIAL FOR PERSONAL AND PROFESSIONAL LIVES OF INTELLECTUAL ENGAGEMENT AND THOUGHTFUL ACTION AS LEARNERS, LEADERS, AND CITIZENS. 0 0 14689836 5375923 9618575 HIGHER EDUCATION SERVICES EXPENSES WERE INCURRED IN THE OPERATION OF A LIBERAL ARTS AND SCIENCES COLLEGE. THE COLLEGE EDUCATES WOMEN TO BECOME CONTRIBUTING MEMBERS OF A GLOBAL SOCIETY THROUGH A CHALLENGING CURRICULUM AND A DYNAMIC CAMPUS EXPERIENCE. APPROXIMATELY 300 STUDENTS ATTENDED DURING THE REPORTING PERIOD. THE INSTRUCTIONAL AREA IS THE PRIMARY AREA FOR ALL PROGRAM EXPENSES. 14689836 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 389 0 473 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JEANNIE NIKODIM CONTROLLER 4176678181 1000 W AUSTIN BLVD NEVADA MO 64772 LYDIA BANGERT TRUSTEE 3.00 0.00 X 0 0 0 KATHRYN BAYNE VICE CHAIR 3.00 0.00 X X 0 0 0 JAMES BICKEL TRUSTEE 3.00 0.00 X 0 0 0 JOAN BRADDOCK TRUSTEE 3.00 0.00 X 0 0 0 GRACE CHALKER CHAIR 3.00 0.00 X X 0 0 0 CHERYL DENSLOW TRUSTEE 3.00 0.00 X 0 0 0 GEORGANN DOUGLAS TRUSTEE 3.00 0.00 X 0 0 0 JACK EWING TRUSTEE 3.00 0.00 X 0 0 0 TAMARA KENWORTHY TRUSTEE 3.00 0.00 X 0 0 0 DIANN MCCHESNEY SECRETARY 3.00 0.00 X X 0 0 0 HOPE ZOELLER TRUSTEE 3.00 0.00 X 0 0 0 JANN WEITZEL PRESIDENT 40.00 0.00 X 229294 0 68193 TJ TUBBS VP FOR ADMINISTRATION & FINANCE 40.00 0.00 X 97294 0 14789 LANDON ADAMS VP FOR STUDENT LIFE 40.00 0.00 X 120565 0 16680 JOANN BANGS VP FOR ACADEMIC AFFAIRS & DEAN OF THE FACULTY 40.00 0.00 X 142199 0 17708 DAVID HERINGER VP FOR ENROLLMENT MANAGEMENT & MARKETING 40.00 0.00 X 126888 0 16713 716240 0 134083 6 0 1 0 A L HUBER 10770 EL MONTE OVERLAND PARK KS 66211 RENOVATION SERVICES 3989892 CLIFTONLARSONALLEN LLP PO BOX 776376 CHICAGO IL 60677 ACCOUNTING SERVICES 133887 2 854044 6188756 208861 7042800 TUITION & FEES 611310 5748210 5748210 AUXILIARY REVENUE 611310 1862436 1862436 STUDENT FINANCIAL AID 611310 659096 659096 8269742 2122713 2122713 26600836 20370818 6230018 6230018 6230018 BUILDING FUND 900099 638784 638784 MISCELLANEOUS REVENUE 900099 457852 457852 AGENCY REVENUE 900099 252197 252197 1348833 25014106 9618575 0 8352731 5375923 5375923 360251 133293 226958 8275651 5822005 2041084 412562 480985 325698 131387 23900 1502628 1017502 410462 74664 607957 411677 166071 30209 82943 82943 98881 98881 193255 181220 1498 10537 641849 324557 268796 48496 426225 168251 251753 6221 1754582 405373 1349209 18802 7311 7299 4192 74033 54941 18001 1091 360085 325010 35075 277462 53167 224295 ADMINISTRATION 979889 979889 MISC EXPENSES 409504 3492 406012 OTHER STUDENT SERVICES 118512 75918 42594 DUES 64971 4498 60473 35102 31050 4052 22139490 14689836 6833730 615924 6856011 1311909 2128231 1476588 164594 159875 274661 121237 55458 18952 9758488 8783044 796212 975444 110207476 135296434 1214604 1021417 121697247 140381856 859261 1009191 230505 622700 92857 95398 1182623 1727289 X 19399583 20371449 101115041 118283118 120514624 138654567 121697247 140381856 X 2874616 18228037 -2962710 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 104038205 4102622 24758743 2003816 6068459 124827295 103119377 7126905 1194974 1962094 5440957 104038205 104348932 1644529 4403511 1912214 5365361 103119397 100344370 4354387 6240888 1706450 4884263 104348932 94160909 3540842 9505184 1586915 5275650 100344370 0.15778 0.25512 0.58708 0 1 1 9758488 8783044 975444 975444 SECURITY & DAMAGE DEPOSIT 23650 ANNUITY PAYABLE 71748 95398 X 41700058 18228037 2070000 -3612085 16685952 25014106 0 25014106 18639734 2070000 2070000 16569734 5569756 5569756 22139490 PART X, LINE 2: THE COLLEGE FOLLOWS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD 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. THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT AS OF 6/30/2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS SCHOLARSHIPS NETTED WITH TUITION REVENUE AGENCY EXPENSES INCLUDED IN EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH TUITION REVENUE AGENCY EXPENSES INCLUDED IN REVENUES PART XI, LINE 2B; PART XII, LINE 2A: IN-KIND USE OF PEO SISTERHOOD PROPERTY - $2,070,000 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 PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN THE SCHOOL CATALOG AVAILABLE ONLINE, COLLEGE BROCHURES, AND ON THE WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED AID FROM THE FOLLOWING: U.S. DEPARTMENT OF EDUCATION STUDENT FINANCIAL AID PROGRAMS, FEDERAL PELL GRANT, FEDERAL OPPORTUNITY GRANT PROGRAM, FEDERAL WORK STUDY PROGRAM. THE COLLEGE ALSO PARTICIPATES IN THE HIGHER EDUCATIONAL ACT FEDERAL FAMILY LOAN PROGRAM (FEDERAL STAFFORD LOAN, FEDERAL SUPPLEMENTAL LOANS FOR STUDENTS AND THE FEDERAL PLUS LOANS FOR PARENTS). 1 GRANTS & SCHOLARSHIPS 194 5375923 PART I, LINE 2: GRANTS ARE AWARDED TO STUDENTS BASED ON ELIGIBILITY REQUIREMENTS WHICH ARE DETERMINED ON THE BASIS OF FINANCIAL NEED, ACADEMIC ABILITY AND (OR) SPECIAL ABILITIES. NEED BASED FINANCIAL AID IS DETERMINED BY USING FEDERAL REGULATIONS. STUDENTS MUST ALSO MAINTAIN SATISFACTORY ACADEMIC PROGRESS WHICH IS MONITORED AT THE END OF EACH SEMESTER. ALL GRANTS ARE APPLIED TO TUITION AND FEES ACCOUNTS. X X X X 1 1 X X 0 0 0 0 0 0 0 0 0 JANN WEITZEL PRESIDENT 229294 0 0 0 0 0 14904 0 53289 0 297487 0 0 0 JOANN BANGS VP FOR ACADEMIC AFFAIRS & DEAN OF TH 142199 0 0 0 0 0 9243 0 8465 0 159907 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT THE PRESIDENT IS REQUIRED TO LIVE IN HOUSING SUPPLIED BY THE COLLEGE. IN ADDITION TRAVEL FOR HER COMPANION IS PROVIDED WHEN THEY ARE REPRESENTING THE INSTITUTION AT PUBLIC FUNCTIONS ACROSS THE COUNTRY. THE PRESIDENT AND VICE PRESIDENT RECEIVE PERSONAL SERVICES AND HAVE DISCRETIONARY FUNDS WITH THEIR INDIVIDUAL DEPARTMENTS. ALL EXPENSES DO REQUIRE DOCUMENTATION AND ARE NOT TAXABLE TO THE INDIVIDUALS. PART I, LINE 3 AN INDEPENDENT EMPLOYMENT FIRM ALONG WITH THE BOARD'S APPROVAL HAVE ESTABLISHED THE COMPENSATION RANGE. BASED ON CERTAIN CRITERIA. X 10 208861 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): TOTAL NUMBER OF NONCASH DONORS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES AT COTTEY ARE APPOINTED BY THE INTERNATIONAL P.E.O. SISTERHOOD. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE AUDITING FIRM AND REVIEWED BY COTTEY COLLEGE'S VP FOR FINANCE AND ADMINISTRATION AND THE CONTROLLER. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES ALL FILL OUT A CONFLICT OF INTEREST STATEMENT ON A YEARLY BASIS. THE STATEMENT IS REVIEWED BY THE AUDIT, COMPLIANCE AND RISK COMMITTEE. THE LEADERSHIP TEAM IS ALSO REQUIRED TO FILL OUT CONFLICT OF INTEREST STATEMENTS. THOSE STATEMENTS ARE REVIEWED BY THE PRESIDENT. IF A POTENTIAL CONFLICT IS NOTED THOSE ARE INVESTIGATE DON A CASE BY CASE BASIS. A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF HE OR SHE (1) HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS THAT IMPAIR OR APPEAR TO IMPAIR HIS OR HER INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF HIS OR HER RESPONSIBILITIES TO THE COLLEGE; OR (2) IS AWARE THE A MEMBER OF HIS OR HER FAMILY HAS FINANCIAL OR OTHER INTERESTS THAT WOULD IMPAIR OR APPEAR TO IMPAIR THE TRUSTEE'S INDEPENDENT JUDGEMENT IN THE DISCHARGE OF HIS OR HER RESPONSIBILITIES TO THE COLLEGE. FOR THE PURPOSES OF THIS PROVISION, A FAMILY MEMBER IS DEFINED AS SPOUSE, PARENT, SIBLING, CHILD OR ANY OTHER RELATIVE RESIDING IN THE SAME HOUSEHOLD AS THE TRUSTEE. ALL TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. FURTHER, THE TRUSTEE SHALL EXCUSE HIMSELF OR HERSELF FROM THE DISCUSSION OF, AND ABSTAIN FROM VOTING ON, SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ITS COMMITTEES. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE TRUSTEE WITH A CONFLICT OR POSSIBLE CONFLICT WAS EXCUSED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN AS TO WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE RESOLVE THE QUESTION IN HIS OR HER ABSENCE BY MAJORITY VOTE. EACH TRUSTEE SHALL COMPLETE AND SIGN A DISCLOSURE FORM PROVIDED ANNUALLY BY THE SECRETARY OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES ARE REVIEWED BY THE BOARD ON AN ANNUAL BASIS WITHIN THE BUDGET PROCESS. IN ADDITION THE COLLEGE LOOKS AT THE INDUSTRY PUBLICATIONS WHEN LOOKING AT SALARIES. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS AN ANNUAL EVALUATION OF THE PRESIDENT AND ALSO REVIEWS AVERAGE COMPENSATION FIGURES FROM A SALARY SURVEY CONDUCTED BY A PROFESSIONAL ORGANIZATION. DELIBERATION IS DOCUMENTED IN THE BOARD MINUTES AND ALSO KEPT IN THE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE INSTITUTION. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS -12,523. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 1,970,194. PROPERTY TRANSFERS TO P.E.O. SISTERHOOD -4,920,381. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM PRIOR YEAR. INTERNATIONAL CHAPTER PEO SISTERHOOD 3700 GRANT AVENUE DES MOINES IA 503122899 420453829 PROMOTES WOMEN'S EDUCATION IA 501(C)(4) N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0