2022-05-13T16:26:20-05:00 2021-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2020-07-01 910567740 BOARD OF TRUSTEES OF WHITMAN COLLEGE BOAR 5095275411 345 BOYER AVENUE WALLA WALLA WA 993622067 PETER HARVEY CFO 5095275145 2022-05-13 1 PETER HARVEY XXX-XX-XXXX TRACY S PAGLIA P00366884 2099556100 2022-05-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KATHLEEN MURRAY 345 BOYER AVENUE WALLA WALLA WA 993622067 335736520 0 X HTTP://WWW.WHITMAN.EDU X 1859 WA PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION TO PASSIONATE, ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS. 21 20 1545 398 8083387 3817451 19939744 12995979 95165193 71354082 21739805 41216176 1389906 1830242 138234648 127396479 34744530 31850406 0 0 54057504 48177952 0 0 3104528 54894332 75265872 143696366 155294230 -5461718 -27897751 862054875 1131583451 126702064 123847426 735352811 1007736025 X THE MISSION OF WHITMAN COLLEGE IS TO PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION OF THE HIGHEST QUALITY TO PASSIONATE AND ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS. WHITMAN STUDENTS DEVELOP THEIR INTELLECTUAL AND CREATIVE CAPACITIES IN A SUPPORTIVE SCHOLARLY COMMUNITY THAT PRIORITIZES STUDENT LEARNING WITHIN AND BEYOND THE CLASSROOM. 0 0 52967911 66931023 TO PROVIDE ACADEMIC INSTRUCTION, SUPPORT AND OTHER PROGRAMS TO ALL WHITMAN COLLEGE STUDENTS, INCLUDING 1,313 FULL TIME EQUIVALENT STUDENTS AND 315 GRADUATE STUDENTS. 31850406 31850406 TO PROVIDE STUDENTS WITH SERVICES INCLUDING FINANCIAL AID ASSISTANCE, COUNSELING, INTERNSHIPS, JOB PLACEMENT, INSTRUCTIONAL SCHOLARSHIPS, AND FEDERAL LOANS OR GRANTS. DURING THE FISCAL YEAR, 1,260 STUDENTS RECEIVED INSTRUCTIONAL SCHOLARSHIPS AND 718 STUDENTS RECEIVED FEDERAL LOANS OR GRANTS. 10325877 4423059 TO PROVIDE STUDENTS WITH AUXILIARY SERVICES. DURING THE FISCAL YEAR, 481 STUDENTS WERE HOUSED IN COLLEGE-PROVIDED HOUSING AND 495 STUDENTS PARTICIPATED IN COLLEGE-PROVIDED BOARD PLANS. 95144194 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 1 2393 0 1 1545 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X X DARLENE WILSON CONTROLLER WHITMAN COLLEGE 5095274936 345 BOYER AVENUE WALLA WALLA WA 99362 NANCY SERRURIER CHAIR 1.00 X X 0 0 0 JOE DAVIS VICE CHAIR 1.00 X X 0 0 0 CHRISTINA DAWSON TRUSTEE 1.00 X 0 0 0 RICHARD FADE TRUSTEE 1.00 X 0 0 0 BARBARA FEIGIN TRUSTEE 1.00 X 0 0 0 STEPHEN HAMMOND TRUSTEE 1.00 X 0 0 0 GORDON KEANE JR TRUSTEE 1.00 X 0 0 0 PETER LEWIS TRUSTEE 1.00 X 0 0 0 BRAD MCMURCHIE TRUSTEE 1.00 X 0 0 0 NATE MILES TRUSTEE 1.00 X 0 0 0 TRICIA MONTGOMERY TRUSTEE 1.00 X 0 0 0 JIM MOORE TRUSTEE 1.00 X 0 0 0 BILL NEFF TRUSTEE 1.00 X 0 0 0 DANA REID TRUSTEE 1.00 X 0 0 0 CHARLEY ROSENBERRY TRUSTEE 1.00 X 0 0 0 AKSHAY SHETTY TRUSTEE 1.00 X 0 0 0 JONATHAN SPOSATO TRUSTEE 1.00 X 0 0 0 DENISE TABBUTT TRUSTEE 1.00 X 0 0 0 JULIE TAYLOR TRUSTEE 1.00 X 0 0 0 SARAH WANG TRUSTEE 1.00 X 0 0 0 COURT WYCKOFF TRUSTEE 1.00 X 0 0 0 KATHLEEN MURRAY PRESIDENT 40.00 X 446835 0 67135 PETER HARVEY CHIEF FINANCIAL OFFICER 40.00 1.00 X 250534 0 38740 STEVE SETCHELL VP DEVELOPMENT & ALUMNI RELATIONS 40.00 X 244038 0 24002 KAZI JOSHUA VP STUDENT AFFAIRS/DEAN OF STUDENTS 40.00 X 175079 0 94618 ALZADA TIPTON PROVOST & DEAN OF FACULTY 40.00 X 229508 0 36359 JOSH JENSEN VP FOR COMMUNICATIONS 40.00 X 185732 0 19815 THOMAS WITHERSPOON VP DIVERSITY & INCLUSION(THRU 12/20) 40.00 X 165290 0 18569 DAVID SCHMITZ FACULTY 40.00 X 182154 0 19243 PATRICK KEEF FACULTY 40.00 X 180410 0 19347 DAN TERRIO CHIEF INFORMATION OFFICER 40.00 X 166093 0 27129 PATRICK SPENCER FACULTY 40.00 X 162334 0 21651 SCOTT KLEINHEKSEL ASSOC VP FOR DEVELOPMENT 40.00 X 158602 0 18226 2546609 0 404834 67 0 1 0 BON APPETIT PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 2179151 LEONE KEEBLE INC 108 W BOONE AVENUE SPOKANE WA 99201 CONSTRUCTION 726688 NYE CONSTRUCTION LLC 53368 CRISP LANE MILTON FREEWATER OR 97862 CONSTRUCTION 473094 ZIMMER GUNSUL FRASCA ARCHITECTS LLP 320 SW OAK ST STE 500 PORTLAND OR 97204 ARCHITECTURAL SERVICES 338868 MONTICELLO ASSOCIATES 1200 17TH STREET STE 2600 DENVER CO 80202 CONSULTING 250000 26 2997611 9998368 1793265 12995979 STUDENT TUITION & FEES 616000 66411250 66411250 HOUSING & MEAL SERVICES 611710 3861176 3861176 AUXILIARY 611710 561883 561883 MISCELLANEOUS INCOME 900099 519773 519773 71354082 16042819 8083127 7959692 2960987 1131005 1829982 1829982 1829982 232318420 207145063 25173357 25173357 25173357 64233 63973 260 260 127396479 71354082 8083387 34963031 31738778 31738778 111628 111628 1759808 770416 734830 254562 34359878 28573418 4192436 1594024 3199506 2596144 465631 137731 6757279 5494485 979219 283575 2101481 1705184 305833 90464 133670 133670 131339 131339 4963 4963 46158115 46158115 7466352 6304905 828051 333396 52825 42932 7199 2694 538099 67965 423120 47014 2045418 1922693 122725 730160 513550 216610 2623644 2466225 157419 8276121 7779554 496567 1029494 343165 686329 SUPPLIES 4934595 4010478 831705 92412 COMMUNICATIONS 493803 401327 67294 25182 PRINTING & PUBLICATION 468738 156246 78123 234369 POSTAGE & SHIPPING 178536 145101 24330 9105 155294230 95144194 57045508 3104528 2333929 3352666 22245446 33175618 27948197 25165388 1160048 631846 272303 881596 530221 0 275035089 106427048 175084126 168608041 315156444 422347622 314831465 475138771 1353050 1022395 1139646 1259508 862054875 1131583451 10703435 13559667 1695023 1275875 3233470 1860883 68952064 67714221 42118072 39436780 126702064 123847426 X 297764972 390320369 437587839 617415656 735352811 1007736025 862054875 1131583451 X -27897751 310954610 -10673645 X 0 1 X 1 1 1 X 9874436 9807164 17714401 16937644 12995979 67329624 9874436 9807164 17714401 16937644 12995979 67329624 3622324 63707300 8067586 8202302 7596764 7752681 10920679 42540012 7940743 7940743 117810379 428922663 0.54080 0.61180 X PART I, LINE 2 WHITMAN COLLEGE ALSO QUALIFIES FOR PUBLIC CHARITY STATUS AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 4963 0 0 0 4963 0 PART II-B, LINE 1: $4,963 IS THE AMOUNT OF DUES PAID TO THE INDEPENDENT COLLEGES OF WASHINGTON ALLOCATED TO LOBBYING EFFORTS FOR ICW. 486499 2558637 X X X X 0 560653503 4121039 317706785 11241253 15403808 43121450 812714816 539398364 5906621 57202221 10691838 14777756 16384109 560653503 534871675 7022776 31313093 10009928 14438023 9361229 539398364 492753694 5616288 72799836 9827166 14509468 11961509 534871675 451574678 3489422 72412669 9543650 14078112 11101313 492753694 0.30000 0.23000 0.47000 1 0 8225559 8376060 16601619 9525887 242060729 103893937 147692679 4288217 2533111 1755106 2558637 2558637 168608041 COMMINGLED TRUSTS 49367016 F ALTERNATIVE INVESTMENTS 425771755 F 475138771 POST RETIREMENT BENEFIT OBLIGATION 7788385 SPLIT INTEREST AGREEMENTS 15286318 INTEREST RATE EXCHANGES AGREEMENTS 12684000 DEFERRED COMPENSATION 1259507 REFUNDABLE ADVANCE 2418570 39436780 X 349668923 310954610 1196422 312151032 37517891 46158115 43720473 89878588 127396479 77285709 0 77285709 46158115 31850406 78008521 155294230 PART III, LINE 4: THE COLLEGE HAS COLLECTIONS OF WORKS OF ART AND RARE BOOKS THAT ARE UTILIZED BY THE STUDENTS IN THEIR STUDIES AND THE FACULTY IN THEIR RESEARCH. PART V, LINE 4: ENDOWMENT FUNDS ARE USED SOLELY TO SUPPORT THE MISSION OF WHITMAN COLLEGE FOR COSTS SUCH AS FINANCIAL AID TO STUDENTS, FACULTY SALARIES AND THE LIBRARY. PART X, LINE 2: WHITMAN COLLEGE IS A QUALIFIED NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND AS SUCH, IS GENERALLY EXEMPT FROM FEDERAL TAXATION OF INCOME. CONTRIBUTIONS TO THE COLLEGE ARE GENERALLY TAX DEDUCTIBLE. THE 21ST CENTURY TRUST IS A SEPARATE QUALIFIED 501(C)(3) TAX ENTITY THAT IS CONSOLIDATED IN THESE FINANCIAL STATEMENTS. FOR THE FISCAL YEAR ENDED JUNE 30, 2021, MANAGEMENT ESTIMATES THAT WHITMAN COLLEGE HAS GENERATED UNRELATED BUSINESS INCOME SUBJECT TO FEDERAL TAXES FROM ITS INVESTMENT ACTIVITY OF APPROXIMATELY $8,205,000. THIS TAXABLE INCOME WILL UTILIZE ALL OF THE COLLEGE'S NET OPERATING LOSSES OF APPROXIMATELY $4,191,000 THAT WAS CARRIED FORWARD FROM PREVIOUS FISCAL YEARS. AS A RESULT, MANAGEMENT ESTIMATES THAT THE COLLEGE HAS INCURRED A TAX LIABILITY PLUS POTENTIAL UNDERPAYMENT PENALTIES TOTALING APPROXIMATELY $865,000 WHICH HAS BEEN RECORDED AS ACCOUNTS PAYABLE ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF JUNE 30, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET GAIN ON RATE EXCHANGE AGREEMENTS 4,203,000. LOSS ON UNCOLLECTIBLE PLEDGES -3,006,578. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAINS GENERATED FROM ALTERNATIVE INVESTMENTS 8,083,127. INSTITUTIONAL AID 31,850,406. CHANGE IN SPLIT INTEREST AGREEMENTS 3,786,940. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 31,850,406. 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 MAKES ITS POLICY OF NON-DISCRIMINATION KNOWN THROUGH THE COLLEGE WEBSITE, THE ANNUAL CATALOG, AND OTHER MATERIALS. ADDITIONALLY, THE COLLEGE PLACES AN ADVERTISEMENT WHICH DESCRIBES ITS POLICY IN A REGIONAL NEWSPAPER EACH YEAR. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDS FROM THE DEPARTMENT OF EDUCATION TO BE GIVEN TO WHITMAN STUDENTS IN THE FORMS OF GRANTS AND LOANS. THE COLLEGE ALSO RECEIVES FUNDS FROM OTHER FEDERAL AGENCIES IN THE FORM OF GRANTS FOR RESEARCH EQUIPMENT, STUDY, OR OTHER EFFORTS AS STIPULATED IN EACH INDIVIDUAL GRANT. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING STUDENT FINANCIAL AID 84103 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTMAKING STUDENT FINANCIAL AID 27525 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 9960 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES 36300 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 10114 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 1220 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 7705 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 341 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 17998 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES 171195 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 370819584 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 198000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES FACULTY AND STAFF CONFERENCES AND RESEARCH 70 0 0 0 0 0 0 177268 371206847 371384115 STUDENT FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 6 84103 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 2 27525 WIRE TRANSFER OR CHECK 1 0 1 1 1 0 PART I, LINE 2: THE GRANTMAKING ACTIVITIES SHOWN IN PARTS I AND III INVOLVE COLLEGE FINANCIAL AID FUNDS DELIVERED TO ENROLLED STUDENTS' INDIVIDUAL ACCOUNTS. THE AID IS TO HELP DEFRAY THE COST OF CERTAIN STUDY PROGRAMS TAKING PLACE IN FOREIGN COUNTRIES. ALL SUCH PROGRAMS ARE CLOSELY VETTED BY THE COLLEGE TO ENSURE THE RECIPIENTS ARE OF HIGH ACADEMIC QUALITY AND FINANCIALLY STABLE. ANY AID DELIVERED TO SUCH STUDENTS IS GOVERNED BY THE PROCESSES OUTLINED IN SCHEDULE E. PART I, LINE 3: THE AMOUNT ON PART I, LINE 3, COLUMN (F) REPRESENTS ACTUAL EXPENDITURES IN THE REGION FOR A TAXPAYER ON THE ACCRUAL BASIS OF ACCOUNTING. PART III ACCOUNTING METHOD: THE AMOUNT ON PART III, COLUMN (D) REPRESENTS ACTUAL EXPENDITURES IN THE REGION FOR A TAXPAYER ON THE ACCRUAL BASIS OF ACCOUNTING. INVESTMENTS IN COLUMN (D) AND COLUMN (F) ARE BASED UPON THE FAIR MARKET VALUE OF EACH FUND. 1 INSTITUTIONAL FINANCIAL AID 1252 31738778 PART I, LINE 2: THE COLLEGE AWARDS SCHOLARSHIPS USING ESTABLISHED POLICIES ON THE BASIS OF BOTH NEED AND SCHOLARSHIP MERIT. AWARDS TO STUDENTS WITH NEED ARE BASED ON THE STUDENTS' FINANCIAL INFORMATION CONTAINED IN THE FINANCIAL AID PROFILE FILED WITH THE COLLEGE SCHOLARSHIP SERVICES AND THE FREE APPLICATION FOR FINANCIAL AID FILED WITH THE FEDERAL PROCESSOR. ALL AID IS OBJECTIVELY DETERMINED AND AWARDED ON AN EQUAL BASIS TO RECIPIENTS WITH SIMILAR ATTRIBUTES. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 KATHLEEN MURRAY PRESIDENT 424947 0 0 0 21888 0 26577 0 40558 0 513970 0 0 0 PETER HARVEY CHIEF FINANCIAL OFFICER 235054 0 0 0 15480 0 15187 0 23553 0 289274 0 0 0 STEVE SETCHELL VP DEVELOPMENT & ALUMNI RELATIONS 227788 0 0 0 16250 0 14733 0 9269 0 268040 0 0 0 KAZI JOSHUA VP STUDENT AFFAIRS/DEAN OF STUDENTS 175079 0 0 0 0 0 10914 0 83704 0 269697 0 0 0 ALZADA TIPTON PROVOST & DEAN OF FACULTY 229508 0 0 0 0 0 13691 0 22668 0 265867 0 0 0 JOSH JENSEN VP FOR COMMUNICATIONS 185732 0 0 0 0 0 11163 0 8652 0 205547 0 0 0 THOMAS WITHERSPOON VP DIVERSITY & INCLUSION(THRU 12/20) 165290 0 0 0 0 0 9917 0 8652 0 183859 0 0 0 DAVID SCHMITZ FACULTY 182154 0 0 0 0 0 10591 0 8652 0 201397 0 0 0 PATRICK KEEF FACULTY 180410 0 0 0 0 0 10695 0 8652 0 199757 0 0 0 DAN TERRIO CHIEF INFORMATION OFFICER 166093 0 0 0 0 0 10323 0 16806 0 193222 0 0 0 PATRICK SPENCER FACULTY 162334 0 0 0 0 0 9781 0 11870 0 183985 0 0 0 SCOTT KLEINHEKSEL ASSOC VP FOR DEVELOPMENT 158602 0 0 0 0 0 9574 0 8652 0 176828 0 0 0 PART I, LINE 1A THE COLLEGE PRESIDENT IS PROVIDED MEMBERSHIPS IN SOCIAL CLUBS BY THE COLLEGE. THE AMOUNTS PAID FOR DUES ARE INCLUDED IN THEIR W-2 AS TAXABLE COMPENSATION. THE COLLEGE PRESIDENT IS REQUIRED, AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE, TO MAINTAIN THEIR PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE COLLEGE. THIS HOUSE IS LOCATED ON THE EDGE OF THE CAMPUS AND THE PROVISION OF SUCH IS NOT CONSIDERED TAXABLE COMPENSATION. THE PRESIDENT'S PERSONAL RESIDENCE (OWNED BY THE COLLEGE) IS PROVIDED CLEANING SERVICES AND YARD CARE BY THE COLLEGE. THIS IS NOT CONSIDERED TAXABLE COMPENSATION. A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781VM9 2004-11-23 28770000 REFUND A BOND ISSUE FROM 1999 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781A34 2008-06-10 30395000 FACILITIES CONSTRUCTION 0 0 0 C WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781U57 2017-01-05 18303824 FACILITIES CONSTRUCTION 0 0 0 A 28770000 232781 28675044 2004 0 1 1 1 B 8105000 30395000 282842 30000000 2010 0 0 1 1 C 950000 18303824 376062 325296 17978528 2019 0 0 1 1 B 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 1 1 1 JP MORGAN 25.000000000000 0 0 0 0 1 B 1 1 1 BNY MELLON 30.000000000000 1 0 1 AIG MATCHING FUND 3.100000000000 1 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 CARA SETCHELL SPOUSE OF STEVE SETCHELL, THE VP FOR DEVELOPMENT AND ALUMNI RELATIONS 71961 EMPLOYMENT 0 X 7 486499 MARKET VALUE X 10755 MARKET VALUE X 63 1283694 MARKET VALUE X THERMAL CYCLERS 1 7200 MARKET VALUE X ASSORTED LAB EQUIPMENT 1 5117 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN COLUMN (B) IS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC DRAFT COPY IS PROVIDED TO THE AUDIT COMMITTEE VIA WHITMAN'S BOARD MANAGEMENT SOFTWARE CALLED ONBOARD PRIOR TO THE MEETING. THE COMMITTEE DISCUSSES AND PROVIDES INPUT TO MANAGEMENT. THE COMMITTEE NEXT ACCEPTS THE FORM 990 AND IT IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW. AFTER THE TRUSTEES HAVE PROVIDED THEIR INPUT AND ALL QUESTIONS ARE RESOLVED, THE FORM 990 IS THEN FILED WITH THE IRS AND POSTED ON THE COLLEGE'S WEBSITE TO BE AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE GIVEN A QUESTIONNAIRE ANNUALLY. THE QUESTIONNAIRE INCLUDES THE COLLEGE'S CONFLICT OF INTEREST POLICY AND ASKS EACH INDIVIDUAL ABOUT THE EXISTENCE OF CONFLICTS OF INTEREST, AS WELL AS OTHER PAYMENTS OR SITUATIONS WHICH COULD BE CONSTRUED TO PRESENT A CONFLICT. IF AN INDIVIDUAL ANSWERS ANY QUESTION IN THE AFFIRMATIVE, THEY ARE ASKED TO DESCRIBE THE SITUATION IN THEIR RESPONSE. IF THERE ARE ANY CONCERNS RELATIVE TO ANY ONE INDIVIDUAL'S RESPONSE, MANAGEMENT FOLLOWS UP TO DISCUSS HOW BEST TO DEAL WITH ANY IDENTIFIED SITUATIONS. MANAGEMENT VERIFIES ALL IDENTIFIED INDIVIDUALS HAVE RESPONDED. ALL THE RESPONSES ARE RETAINED IN ACCORDANCE WITH THE COLLEGE'S FILE RETENTION POLICY. TRUSTEES ARE REMINDED OF POTENTIAL CONFLICTS AT EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE TRUSTEES DELEGATED AUTHORITY FOR SETTING THE PRESIDENT'S COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD. COMPARABLE DATA FROM PEER INSTITUTIONS WAS USED IN THE DISCUSSION TO SET THE PRESIDENT'S COMPENSATION. THOSE DISCUSSIONS ARE SUMMARIZED IN A MEMO FROM THE CHAIR OF THE BOARD TO THE CFO. COMPARABLE DATA FROM PEER INSTITUTIONS FOR EACH POSITION WAS USED TO SET THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE TRUSTEES APPROVED THE COMPENSATION PACKAGES OF THE COLLEGE'S OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE PROVIDES ACCESS TO ITS FINANCIAL STATEMENTS VIA ITS WEBSITE. THE COLLEGE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON INTEREST RATE EXCHANGE AGREEMENTS 4,203,000. CHANGE IN SPLIT INTEREST AGREEMENTS -3,786,940. UBI GAIN FROM PARTNERSHIPS -8,083,127. LOSS ON UNCOLLECTIBLE PLEDGES -3,006,578. WHITMAN COLLEGE 21ST CENTURY TRUST 345 BOYER AVENUE WALLA WALLA WA 99362 916526001 PROVIDE SUPPORT FOR WHITMAN COLLEGE WA 501(C)(3) LINE 12A, I BOARD OF TRUSTEES OF WHITMAN COLLEGE 1 CHARITABLE LEAD ANNUITY TRUST (1) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 CHARITABLE REMAINDER TRUSTS (30) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 POOLED INCOME FUNDS (2) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0