2021-05-03T15:00:12-07:00 2020-06-30 990 2019-07-01 440545271 COTTEY COLLEGE COTT 4176678181 1000 West Austin Nevada MO 64772 Kim Krokroskia Controller 4176678181 2021-05-03 2019 2022-09-23 18:48:47Z Jann Weitzel 1000 West Austin Nevada MO 64772 55921853 0 X www.cottey.edu X 1925 MO Cottey College, an independent liberal arts and sciences college, educating 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 11 499 500 0 0 4814949 13338584 7818885 7297383 2579221 1495738 887947 904552 16101002 23036257 4094318 4093207 0 0 10132462 10889306 0 0 1047411 5558927 6033367 19785707 21015880 -3684705 2020377 120294890 121697247 1102153 1182623 119192737 120514624 Cottey College, an independent liberal arts 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 14510492 4093207 8201935 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. 0 0 0 14510492 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 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 1 336 0 499 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 Cottey College 4176678181 1000 West Austin Nevada MO 64772 Jann Weitzel President 40.0 0 X 212225 0 23246 Joann Bangs Vice President for Academic Affairs 40.0 0 X 140808 0 18205 Sherri Taylor Vice President for Institutional Advancement 40.0 0 X 125787 0 17208 Amy Ruetten VP for Administration and Finance 40.0 0 X 117806 0 16688 James Bickel Board Member 3.0 0 X 0 0 0 Kathryn Bayne Board Member 3.0 0 X 0 0 0 Grace Chalker Vice Chair 3.00 0.00 X X 0 0 0 Diann McChesney Secretary 3.0 0 X 0 0 0 Sandra Laney Board Member 3.0 0 X 0 0 0 Chris Scheuneman Chair 3.0 0 X X 0 0 0 Hope Zoeller Board Member 3.0 0 X 0 0 0 Cheryl Denslow Board Member 3.0 0 X 0 0 0 Jack Ewing Board Member 3.0 0 X 0 0 0 Tamara Kenworthy Board Member 3.0 0 X 0 0 0 Georgann Douglas Board Member 3.0 0 X 0 0 0 596626 0 75347 4 0 1 0 CliftonLarsenAllen PO Box 776376 Chicago IL 606776376 Accounting Firm 143659 David Diggins Diggins Construction LLC 20800 South 1200 Road Moundville MO 64771 Construction Contractor 207420 2 0 0 0 885368 0 12453216 1412524 13338584 Tuition and Fees 611310 6644692 6644692 0 0 Student Financial Aid 611310 652691 652691 0 0 0 0 0 0 7297383 2004342 0 0 2004342 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32376992 0 32885596 0 -508604 0 -508604 0 0 -508604 0 Agency 611310 199783 0 0 199783 Miscellaneous 611310 704769 0 0 704769 0 0 0 0 904552 23036257 7297383 0 2400290 0 0 4093207 4093207 1021094 464001 403587 153506 7403208 5318463 1797739 287006 396486 279389 101887 15210 1543679 1049577 420072 74030 524839 366360 137326 21153 33857 33857 64795 64795 635654 144033 56824 434797 592040 308311 237121 46608 325724 85492 229141 11091 861380 268262 593118 0 310266 261514 44742 4010 31713 22338 9375 0 379089 313910 65179 0 236468 46569 189899 0 Administration 1059812 0 1059812 Student Services 959907 946404 13503 0 Instruction 226654 226654 0 0 Auxillary 316008 316008 0 0 0 0 0 0 21015880 14510492 5457977 1047411 5958642 6856011 1549864 2128231 140934 164594 245792 274661 25792 55458 9210099 8413887 943918 796212 110198677 110207476 1231271 1214604 120294890 121697247 956821 859261 50149 230505 95183 92857 1102153 1182623 X 119192737 19399583 0 101115041 119192737 120514624 120294890 121697247 X 2020377 -508604 0 0 0 -189886 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 103119377 7126905 1194974 1962094 5440957 0 104038205 104348932 1644529 4403511 1912214 5365361 0 103119397 100344370 4354387 6240888 1706450 4884263 0 104348932 94160909 3540842 9505184 1586915 5275650 0 100344370 98971229 2892514 -2313835 1529621 3859378 0 94160909 0.16 0.84 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 9210099 8413887 796212 0 0 0 0 796212 0 Damage Deposits 21125 Annuity Obligations 71732 92857 X 19826440 133464 2070000 0 0 2203464 17622976 0 5413281 5413281 23036257 18491658 2070000 0 0 0 2070000 16421658 0 4594222 4594222 21015880 Schedule D, Part V, Line 4 The College uses the endowment funds to provide scholarships to support the education of young women. Schedule D, 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 benefits. Schedule D, Part XI, Line 4b Scholarships $3,240,733, Change is split interest agreement: ($10,117), Change in perpetual trust: ($179,769), Agency: $5,413,281 Schedule D, Part XII, Line 4b Scholarships $3,240,733, Agency $1,353.489. 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). Europe (including Iceland and Greenland) 0 0 Program Services Students have the opportunity to travel to an international country as a week long study abroad trip to Munich. 202780 Europe (including Iceland and Greenland) 0 0 Program Services Students have the opportunity to travel to an international country as a two week long study abroad trip to Poland. 23287 0 0 226067 0 0 0 0 0 0 1 See Schedule I, Part IV, Statement 1 261 4093207 0 Market Value Schedule I, 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 1 1 X X 0 0 0 0 0 0 0 0 0 Jann Weitzel President 212225 0 0 0 0 0 13990 0 9226 0 235441 0 0 0 Schedule J, 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. All travel expenses do require documentation and are not taxable to the individual. All of the Vice Presidents have small discretionary funds with their individual departments. All expenses do require documentation and are not taxable to the individuals. X 44 1412524 Market Value 0 0 1 0 Schedule M, Part I, Line 9 All items were publicly traded securities gifted to the College. Reported by the number of items contributed. 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 Board has access to review the entire 990 before it is submitted to the IRS. In addition the Audit, Compliance, and Risk committee will do an in depth review of the return. 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 investigated on 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 that a member of his or her family has financial or other interests that would impair or appear to impair the trustee's independent judgment 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 absent 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 abstained 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 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 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 agreement $(10,117), change in beneficial interest perpetual trust $(179,769) International Chapter PEO Sisterhood 3700 Grand Avenue Des Moines IA 503122899 420453829 Promotes womens education IA 501c(4) N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 An extension was requested in order to gather the information needed to complete the return.