2021-05-13T17:41:45-07:00 2020-06-30 990 2019-07-01 930386908 REED INSTITUTE REED 5037777505 3203 SE Woodstock Blvd Portland OR 972028199 Robert Tust Associate Treasurer and Controller 5037777505 2021-05-14 2019 2022-09-23 18:48:47Z REED COLLEGE Robert Tust 3203 SE Woodstock Blvd Portland OR 97202 273644525 0 X www.reed.edu X 1908 OR Provide education in the liberal arts and sciences 35 34 1876 240 -3488721 0 12728957 28043981 97439946 97403629 27949760 4559112 -71102 99291 138047561 130106013 29738765 30262657 0 0 60074539 63547707 0 0 5420998 41839630 41876823 131652934 135687187 6394627 -5581174 827059570 830773806 167284372 171920152 659775198 658853654 The mission of Reed College is to provide education in the liberal arts and sciences. 0 0 1657631 0 1657631 The Institute had 27 research grants funded with federal funds. Departments funded were Biology, Chemistry, Math, Computer and Information Science, Psychology, Sociology, Political Science, Humanities, and Physics. 101702135 0 82640260 1,355 FTE Students, 313 degrees conferred 19/20. 18482876 0 13105738 Auxiliary services - students living in dorms, using dining facilities and bookstore. 0 0 0 121842642 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 2049 0 1876 1 1 1 0 0 0 0 0 1 5 0 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X X Lorraine Arvin 5037777240 Vice President and Treasurer 3203 SE Woodstock Blvd Portland OR 972028199 Hugh Porter Vice President, College Relations 40 0 X 435935 0 44089 Lorraine Arvin VP and Treasurer 40 0 X 363661 0 28000 Audrey Bilger President 40 0 X X 304592 0 30026 Nigel J Nicholson Dean of the Faculty 40 0 X 245833 0 41315 Michael Brody VP & Dean of Student Services 40 0 X 235141 0 40206 Milyon Trulove VP and Dean of Admission and Financial Aid 40 0 X 196234 0 34937 Mary James Dean for Institutional Diversity and AA Knowlton Professor of Physics 40 0 X 178405 0 35413 Amanda Heaton Executive Director of Communications and Public Affairs 40 0 X 177848 0 30101 Myron Angell Director of Facilities Operations 40 0 X 179785 0 25606 Martin Ringle Chief Information Officer 40 0 X 177289 0 24553 Mark Bedau Professor of Philosophy and Humanities 40 0 X 175739 0 22132 John R Kroger President-Former 40 0 X 125968 0 12597 Dr Julia P Adams '80 Trustee 1 0 X 0 0 0 Konrad S Alt '81 Trustee 1 0 X 0 0 0 Timothy P Boyle Trustee 1 0 X 0 0 0 M Jane Buchan Trustee 1 0 X 0 0 0 C Morris Copeland '82 Trustee 1 0 X 0 0 0 Thomas O Daniel MD Trustee 1 0 X 0 0 0 Richard J Danzig '65 Trustee 1 0 X 0 0 0 Kurt D Delbene Trustee 1 0 X 0 0 0 Nicholas Galakatos '79 Trustee 1 0 X 0 0 0 Daniel B Greenberg '62 Trustee 1 0 X 0 0 0 Edward Hall '87 Trustee 1 0 X 0 0 0 Dennis Henner Trustee 1 0 X 0 0 0 Linda G Howard '70 Trustee 1 0 X 0 0 0 George M James '77 Trustee 1 0 X 0 0 0 Deborah D Kamali '85 Trustee 1 0 X 0 0 0 Anna Hayes Levin Trustee 1 0 X 0 0 0 Christine E Lewis '07 Trustee 1 0 X 0 0 0 Amy M Madigan Trustee 1 0 X 0 0 0 Alex J Martinez '73 Trustee 1 0 X 0 0 0 Linda H Matthews '67 Trustee 1 0 X 0 0 0 Winthrop McCormack Trustee 1 0 X 0 0 0 Adrienne Nelson Trustee 1 0 X 0 0 0 Peter Norton '65 Trustee 1 0 X 0 0 0 Margaret Hill Noto '75 Trustee-Secretary 1 0 X 0 0 0 Eduardo Ochoa '73 Trustee 1 0 X 0 0 0 Darlene D Pasieczny '01 Trustee 1 0 X 0 0 0 Roger M Perlmutter MD '73 Trustee-Chairman 1 0 X 0 0 0 Gary Rieschel '79 Trustee 1 0 X 0 0 0 Dylan Rivera '95 Trustee 1 0 X 0 0 0 Lisa Saldana '94 Trustee 1 0 X 0 0 0 John P Sheehy '82 Trustee 1 0 X 0 0 0 Alice Larkin Steiner '74 Trustee 1 0 X 0 0 0 Peter C Stockman '77 Trustee 1 0 X 0 0 0 Richard H Wollenberg '75 Trustee-Vice Chairman 1 0 X 0 0 0 2796430 0 368975 112 1 1 0 Hoffman Construction Company 805 SW Broadway Ste 2100 Portland OR 97205 Construction 12052077 Bon Appetit Suite 100 2730 Sand Hill Road Menlo Park CA 94025 Food service 4428458 Reimers & Jolivette Inc 2344 NW 24th Ave Portland OR 972102132 Construction 1312948 Harrassowitz 820 University Blvd South Ste 2C Mobile AL 36609 Library services 1160914 Lux Construction 1522SE Carlton St Portland OR 97202 Construction 836267 22 0 0 0 0 1679199 26364782 5224315 28043981 Tuition and fees 611310 82308607 82308607 0 0 Aux-Dorm fees 611710 6335610 6335610 0 0 Aux-Cafeteria fees 611710 5264437 5264437 0 0 Aux-Bookstore fees 611710 1031194 1031194 0 0 Other fees 611310 2463781 2463781 0 0 0 0 0 0 97403629 3050018 0 -3488721 6538739 15762 0 0 15762 0 0 0 0 353557 0 254266 0 99291 0 99291 0 0 99291 144777578 0 143284246 0 1493332 0 1493332 0 0 1493332 0 0 130106013 97403629 -3488721 8147124 0 0 30262657 30262657 0 0 0 0 3026710 1343462 1224684 458564 0 0 0 0 41948789 36876983 2426775 2645031 3934500 3343561 319434 271505 11423251 9707547 927428 788276 3214457 2731665 260974 221818 0 0 0 0 486201 7562 478575 64 222264 1762 220502 0 0 0 0 0 0 0 0 0 13563920 12502120 852099 209701 0 0 0 0 7696577 7309455 211922 175200 1285825 1173534 63066 49225 0 0 0 0 2011731 1979954 26969 4808 1683533 1395485 105804 182244 0 0 0 0 0 0 0 0 3156183 2982220 147641 26322 0 0 0 0 6282222 5936094 293755 52373 703885 277421 426453 11 Post Retirement Benefit 3975352 3326923 327971 320458 809130 684237 109495 15398 135687187 121842642 8423547 5420998 37282 47039 12523483 17207238 5422813 12035745 1046231 1395995 0 0 0 0 3312233 2847065 0 0 859504 823663 275222413 111872339 163766568 163350074 138272319 102086678 498070965 528779879 0 0 3748172 2200430 827059570 830773806 8581571 8452337 0 0 1517153 3655561 108487069 106677238 0 0 0 0 0 0 0 0 48698579 53135016 167284372 171920152 X 365307967 358897645 294467231 299956009 659775198 658853654 827059570 830773806 -5581174 4659630 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 552893342 10392051 10802125 8809045 19215535 968941 545093997 555583468 5887789 19616221 8653378 18923206 617552 552893342 516219094 13379574 53942948 8519878 18859390 578880 555583468 473219824 6691816 64132469 8584946 18674692 565377 516219094 523955818 8081620 -32241862 8226779 17788676 560297 473219824 0.52 0.14 0.34 0 0 0 14219852 14219852 0 244241219 96391752 147849467 0 0 0 0 0 16761342 15480587 1280755 0 0 0 0 163350074 Alternative investments 528779879 F 528779879 Postretirement benefits payable 34098459 Liability for split-interest agreements 11064975 Asset retirement obligation 5923001 Refundable loan programs 1076622 Swap derivative 877956 Other 94003 53135016 101650824 4659630 0 0 0 4659630 96991194 0 33114819 33114819 130106013 102606510 0 0 0 0 0 102606510 0 33080677 33080677 135687187 Schedule D, Part V, Line 4 The college's endowment funds are used for scholarships, chairs, academic support, library support, student services, and general operating support. Schedule D, Part XI, Line 4b Scholarships 29,393,734; Rental expenses -254,266, Change in post-retirement benefit obligation 3,975,351. Schedule D, Part XII, Line 4b Scholarships 29,393,734; Grayco -34,142; Rental expenses -254,266; Change in post-retirement benefit obligation 3,975,351 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Statement on Admissions website-http://www.reed.edu/diversity/index.html. Schedule E, Part I, Line 6 Financial assistance is from Perkins and Title 4 financial aid. Central America and the Caribbean 0 0 Investments 26254708 East Asia and the Pacific 0 0 Investments 13350923 Europe (including Iceland and Greenland) 0 0 Investments 3703681 0 0 43309312 1 0 1 1 1 0 1 Reed Grants 796 29393734 0 Oregon State Grants 14 56000 0 Other Awards 180 812923 0 Schedule I, Part I, Line 2 The financial aid office awards grants to students based on the students financial aid application. Once classes begin, grants are disbursed to the student's account where they offset tuition charges. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Audrey Bilger President 236562 0 0 0 68030 0 23958 0 6068 0 334618 0 0 0 Hugh Porter Vice President, College Relations 395935 0 40000 0 0 0 28000 0 16089 0 480024 0 0 0 Lorraine Arvin VP and Treasurer 363661 0 0 0 0 0 28000 0 0 0 391661 0 0 0 Nigel J Nicholson Dean of the Faculty 245833 0 0 0 0 0 25226 0 16089 0 287148 0 0 0 Michael Brody VP & Dean of Student Services 235141 0 0 0 0 0 24117 0 16089 0 275347 0 0 0 Milyon Trulove VP and Dean of Admission and Financial Aid 196234 0 0 0 0 0 20654 0 14283 0 231171 0 0 0 Myron Angell Director of Facilities Operations 179785 0 0 0 0 0 17979 0 7627 0 205391 0 0 0 Mary James Dean for Institutional Diversity and AA Knowlton Professor of Physics 178405 0 0 0 0 0 19079 0 16334 0 213818 0 0 0 Amanda Heaton Executive Director of Communications and Public Affairs 177848 0 0 0 0 0 18091 0 12010 0 207949 0 0 0 Martin Ringle Chief Information Officer 177289 0 0 0 0 0 17048 0 7505 0 201842 0 0 0 Mark Bedau Professor of Philosophy and Humanities 143855 0 0 0 31884 0 14428 0 7704 0 197871 0 0 0 Schedule J, Part I, Line 1a Housing is required as a condition of employment for the President and is provided as a taxable benefit. A Oregon Facilities Authority 936001787 68608JJE2 2008-04-23 47060000 See Part VI 0 0 0 B Oregon Facilities Authority 936001787 68608JNAS 2011-03-22 40195822 See part VI 1 0 0 C Oregon Facilities Authority 936001787 68608JXC0 2017-12-05 74641830 See Part VI 0 0 0 A 7925000 0 47060000 0 977670 0 451579 0 0 0 45622338 0 2008 1 0 1 1 B 0 40220000 40195822 0 0 0 615747 0 0 20004876 19575199 0 2013 1 0 1 1 C 0 0 74641830 0 0 44218163 730479 0 0 29693188 0 0 2019 0 1 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 1 1 UBS 13 1 0 0 0 1 B 0 1 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 Schedule K, Part I, Column f-04/23/2008 47,060,000 Oregon Facilities Authority The 2008 bonds were issued to redeem and retire bonds which were issued on June 7, 2006 and August 1, 2007. Schedule K, Part I, Column f-03/22/2011 40,195,822 Oregon Facilities Authority The 2011 bonds were issued for the refunding of the 2000 Bond issue and the planning and building of a performing arts center for the music, dance, and theater departments. The 2000 bond was issued on May 11, 2000. Schedule K, Part I, Column f-12/05/2017 74,641,830 Oregon Facilities Authority The 2017 bonds were issued for the refunding of the 2011 Bond issue and the planning and construction of a residence hall. The 2011 Bond was issued on 3/22/2011. Schedule K, Part IV, Line 2c-03/22/2011 40,195,822 Oregon Facilities Authority Computation was performed on August 6th, 2020. X 85 3488220 market value X 2 1501578 sale price X 2 234517 appraisal 2 0 1 0 Schedule M, Part I, Line 9 The number reported in Part I, column (b) represents a combination of contributions and items contributed. Form 990, Part VI, Section B, Line 11b An electronic draft of the Form 990 is provided to the Audit Committee of the Board of Trustees. The committee reviews, discusses, and provides input to management. After the Audit Committee accepts the Form 990, it is made available to all trustees for review. After any further trustee questions are resolved and a final copy of the return has been provided to the entire board, the Form 990 is filed. Form 990, Part VI, Section B, Line 12c Reed requires all officers and institutional trustees to complete a conflict of interest form annually. The form includes the college's conflict of interest policy and asks each individual about the existence of conflicts of interest. If a conflict of interest exists the officer or trustee is asked to describe the situation in their response. These forms are reviewed by the Vice-President and Treasurer and the Chair of the Audit Committee of the Board. Persons with a conflict are prohibited from participating in the Board and officer deliberations and decisions in those transactions. Form 990, Part VI, Section B, Line 15 The Executive Committee, which is comprised of independent Trustees and which functions as the College's compensation committee, annually reviews presidential and officer compensation data from comparable colleges along with other data provided by the Human Resources Office. They also conduct an annual performance evaluation of the President. Any changes in the President's compensation are approved by the Executive Committee, and communicated by the Chair of the Board of Trustees in writing to the President. The Executive Committee review and decisions on executive compensation are documented in the minutes of the Executive Committee meetings. These reviews are completed in June of each year. Form 990, Part VI, Section C, Line 19 Governing documents are available upon request. Conflict of interest policy and financial statements are available on the College's Office of the Treasurer website. David Eddings Fund LLC 3203 SE Woodstock Blvd Portland OR 97202 450929229 Holding Company OR REED INSTITUTE Excluded 92181 0 0 1 0.67 Grayco Resources Inc 3203 SE Woodstock Blvd Portland OR 97202 930603357 Rental Activity OR The Reed Institute C 70000 1133327 1 1 Charitable remainder trust (29) 3203 SE Woodstock Blvd Portland OR 97202 Trust OR The Reed Institute T 0 Pooled Income Fund (1) 3203 SE Woodstock Blvd Portland OR 97202 Pooled Income Fund OR The Reed Institute T 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 Grayco Resources Inc k 70000 Lease agreement Grayco Resources Inc s 60000 Loan payments