2021-02-19T11:26:02-06:00 2020-06-30 420714325 RSM US LLP 30 S WACKER DR STE 3300 CHICAGO IL 60606 990 2019-07-01 390808497 BELOIT COLLEGE BELO 6083632250 700 COLLEGE ST BELOIT WI 53511 STACIE T SCOTT TREAS./VP FINANCE & PLANNING 6083632250 2021-02-17 1 REBEKUH ELEY P01247672 3123846000 2021-02-17 2019 2022-09-23 18:48:47Z DR H SCOTT BIERMAN 700 COLLEGE ST BELOIT WI 53511 112707446 0 X WWW.BELOIT.EDU X 1846 WI BELOIT COLLEGE IS A RESIDENTIAL, INDEPENDENT, NATIONAL LIBERAL ARTS COLLEGE AND WISCONSIN'S OLDEST CONTINUOUS INSTITUTION OF HIGHER LEARNING. THE COLLEGE IS A NATIONAL LEADER IN DELIVERING A RIGOROUS, TIME-TESTED LIBERAL ARTS EXPERIENCE THAT STUDENTS ARE REQUIRED TO APPLY AND TEST IN THEIR CHOSEN FIELDS OF STUDY, LOCAL COMMUNITY, SOCIAL ORGANIZATIONS AND AROUND THE WORLD. THE COLLEGE'S COMMITMENT TO ITS STUDENTS, FACULTY, STAFF, NAMESAKE CITY AND WORLD ARE CALLED OUT IN ITS MISSION STATEMENT, A STUDENT-RATIFIED STATEMENT OF CULTURE, AS WELL AS ITS PUBLIC COMMITMENTS TO INCLUSIVITY AND DIVERSITY, ACCESS, AND THE PUBLIC GOOD. TO LEARN MORE ABOUT BELOIT, VISIT WWW.BELOIT.EDU/MOREBELOIT. 26 26 1402 82 30153 0 7607074 9686768 66097264 59508379 17622268 7723944 3064566 -494715 94391172 76424376 36980091 35469256 0 0 27950806 23873498 0 0 1793721 21686736 19193011 86617633 78535765 7773539 -2111389 225318936 197195962 47074970 17663913 178243966 179532049 X SEE SCHEDULE OBELOIT COLLEGE ENGAGES THE INTELLIGENCE, IMAGINATION, AND CURIOSITY OF ITS STUDENTS, EMPOWERING THEM TO LEAD FULFILLING LIVES MARKED BY HIGH ACHIEVEMENT, PERSONAL RESPONSIBILITY, AND PUBLIC CONTRIBUTION IN A DIVERSE SOCIETY. OUR EMPHASIS ON INTERNATIONAL AND INTERDISCIPLINARY PERSPECTIVES, THE INTEGRATION OF KNOWLEDGE WITH EXPERIENCE, AND CLOSE COLLABORATION AMONG PEERS, PROFESSORS, AND STAFF EQUIPS OUR STUDENTS TO APPROACH THE COMPLEX PROBLEMS OF THE WORLD ETHICALLY AND THOUGHTFULLY. 0 0 66729524 35469256 59508379 ACADEMIC AND STUDENT PROGRAM: BELOIT COLLEGE, A LIBERAL ARTS COLLEGE FOUNDED ON THE WISCONSIN FRONTIER IN 1846, WAS BORN OUT OF A BELIEF THAT A PARTICULAR BRAND OF EDUCATION COULD ENERGIZE AND TRANSFORM LIVES, AND BY EXTENSION, THE WORLD. BELOIT CONTINUES TO BELIEVE THIS AND DELIVERS IT THROUGH A UNIQUE, INTEGRATED CURRICULUM THAT ENGAGES STUDENTS IN AN EXPLORATION OF IDEAS, COMPELS STUDENTS TO DEEPLY KNOW THEIR SUBJECTS, AND REQUIRES THEM TO DEMONSTRATE THAT THEY DO BY DEEPLY CONNECTING EDUCATION AND EXPERIENCE TO STUDENTS' FUTURE CAREERS AND LIVES. THAT FOCUS ON PROVIDING A RIGOROUS AND REWARDING EDUCATION AND PREPARATION HAS LONG SET THE COLLEGE AND ITS GRADUATES APART. HAILED AS ONE OF 40 "COLLEGES THAT CHANGE LIVES" BY FORMER NEW YORK TIMES EDUCATION EDITOR LOREN POPE, BELOIT OFFERS STUDENTS ACCESS TO MORE THAN 50 ACADEMIC PROGRAMS, MORE THAN 50 STUDENT CLUBS, 18 VARSITY SPORTS, AND COUNTLESS OTHER OPPORTUNITIES THAT RANGE FROM HANDS-ON FIELD AND INTERNSHIP EXPERIENCES BOTH LOCALLY AND GLOBALLY, TO COLLEGE-FUNDED STUDENT BUSINESS STARTUPS.DURING THE 2019-20 ACADEMIC YEAR, THE COLLEGE SERVED 1,143 STUDENTS, FROM 34 COUNTRIES, 44 STATES, AND THE DISTRICT OF COLUMBIA. THE COLLEGE OFFERED COURSES IN FALL, SPRING, AND SUMMER SESSIONS AND PROVIDED EDUCATIONAL SERVICES BOTH DOMESTICALLY AND THROUGH STUDY ABROAD PROGRAMS. THE COLLEGE GRADUATED 322 STUDENTS DURING THE YEAR, WHILE PROVIDING FINANCIAL ASSISTANCE TO 99 PERCENT OF DEGREE-SEEKING STUDENTS.ENROLLMENT AND DEVELOPMENT: DURING THE RECRUITMENT CYCLE FOR STUDENTS STARTING IN FALL 2019, THE COLLEGE RECEIVED 3,657 APPLICATIONS FROM FIRST-TIME, DEGREE-SEEKING STUDENTS. THE 259 STUDENTS WHO ENROLLED WILL GRADUATE AS THE CLASS OF 2023. THE COLLEGE CONTINUES TO RECEIVE RECOGNITION FROM EXTERNAL EVALUATORS AND PEERS ACROSS THE COUNTRY FOR THE QUALITY OF ITS UNDERGRADUATE TEACHING, CURRICULAR INNOVATIONS, ENTREPRENEURIAL AND STUDY ABROAD PROGRAMS, AND MORE. THESE REPUTATIONAL MEASURES, WHICH REFLECT THE COLLEGE'S INCREASING VISIBILITY, INCLUDE BEING NAMED THE #5 MOST INNOVATIVE SCHOOL BY U.S. NEWS & WORLD REPORT AND BEING ON THE NAMED LISTS FOR "BEST UNDERGRADUATE TEACHING," "FIRST YEAR EXPERIENCE TO LOOK FOR AND "MOST INTERNATIONAL STUDENTS." U.S. NEWS & WORLD REPORT RANKS BELOIT COLLEGE NATIONALLY AT #80 AMONG LIBERAL ARTS COLLEGES. 66729524 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 1591 0 1 1402 1 1 1 1 IT 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X X STACIE T SCOTT 6083632250 700 COLLEGE ST BELOIT WI 53511 DR H SCOTT BIERMAN PRESIDENT 40.00 X 399235 0 48106 MS AMY WILSON VP OF DEVELOPMENT & ALUMNI RELATIONS 40.00 X 191535 0 30443 MS STACIE T SCOTT TREAS./VP FINANCE & PLANNING 40.00 X 182342 0 34959 MS CYNTHIA MCCOWN PROFESSOR OF ENGLISH & THEATRE, DANCE & MEDIA STUD 40.00 X 193151 0 10744 DR KEN YASUKAWA PROFESSOR OF BIOLOGY 40.00 X 184730 0 5057 DR JOHN RAPP PROFESSOR OF POLITICAL SCIENCE 40.00 X 159868 0 19198 MS LORRAINE RHEAD VP OF HUMAN RESOURCES & OPERATIONS 40.00 X 138906 0 38987 MR DANIEL SCHOOFF SECRETARY/CHIEF OF STAFF 40.00 X 135792 0 41507 MR CECIL YOUNGBLOOD DEAN OF STUDENTS 40.00 X 132951 0 24403 DR DARLINGTON SABASI ASSISTANT PROFESSOR OF ECONOMICS 40.00 X 145483 0 3915 DR LAWRENCE T WHITE PROFESSOR OF PSYCHOLOGY 40.00 X 136571 0 3019 MR ERIC BOYNTON PROVOST & DEAN OF THE COLLEGE 40.00 X 103503 0 22821 MS LESLIE DAVIDSON VP OF ENROLLMENT SERVICES 40.00 X 103541 0 14302 MR ISAAC BAMGBOSE TRUSTEE (THRU 12-31-2019) 1.00 X 0 0 0 MR STEVEN H COHEN TRUSTEE (THRU 2-1-2020) 1.00 X 0 0 0 MR PETER CHATILOVICZ TRUSTEE (THRU 2-28-2020) 1.00 X 0 0 0 MR MIKE DOYLE TRUSTEE (THRU 3-31-2020) 1.00 X 0 0 0 MR CHRISTOPHER BARTOL TRUSTEE 1.00 X 0 0 0 MR OSCAR CARDONA JR TRUSTEE 1.00 X 0 0 0 MR DONALD CARSON TRUSTEE 1.00 X 0 0 0 MS JO FROMAN TRUSTEE 1.00 X 0 0 0 MS DIANE HENDRICKS TRUSTEE 1.00 X 0 0 0 MR GREG HOPPER TRUSTEE 1.00 X 0 0 0 MR PHEE BOON KANG TRUSTEE 1.00 X 0 0 0 MR DONALD KENT TRUSTEE 1.00 X 0 0 0 MS JOANNA KUTTER TRUSTEE 1.00 X 0 0 0 MR STEPHEN MAHLE TRUSTEE 1.00 X 0 0 0 MS CECILY MAJERUS TRUSTEE 1.00 X 0 0 0 MR JONATHAN MASON TRUSTEE 1.00 X 0 0 0 MR HAROLD MAYER TRUSTEE 1.00 X 0 0 0 MR CHARLES MCQUAID TRUSTEE 1.00 X 0 0 0 MS JUDITH MILLER TRUSTEE 1.00 X 0 0 0 MR THOMAS O'NEILL TRUSTEE 1.00 X 0 0 0 MR JAMES PACKARD TRUSTEE 1.00 X 0 0 0 MS SUDHA PAVULURI QUAMME MD TRUSTEE 1.00 X 0 0 0 MS MARGARET ROBINSON TRUSTEE 1.00 X 0 0 0 MR JAMES SANGER TRUSTEE 1.00 X 0 0 0 MR ROBERT SHAW TRUSTEE 1.00 X 0 0 0 MR THOMAS WALCOTT TRUSTEE 1.00 X 0 0 0 MS NINA WEISSBERG TRUSTEE 1.00 X 0 0 0 MR DON WYATT TRUSTEE 1.00 X 0 0 0 MR ROBERT YOUNG TRUSTEE 1.00 X 0 0 0 MR DICK NIEMIEC CHAIR 1.00 X X 0 0 0 2207608 0 297461 25 0 1 0 BON APPETIT PO BOX 91337 CHICAGO IL 60693 FOOD SERVICES 2819947 BOELTER LANDMARK 7120 NORTHLAND TERRACE N MINNEAPOLIS MN 55428 RESTAURANT & EQUIPMENT DESIGN 437614 FURMAN BROS LLC 305 SCOT DRIVE CLINTON WI 53525 MAINTENANCE SERVICES 288471 EBSCO INFORMATION SERVICES 10 ESTES STREET IPSWICH MA 01938 EDUCATIONAL SERVICES 195037 MICHAEL BEST & FRIEDRICH LLP 444 W LAKE STREET STE 3200 CHICAGO IL 60606 LEGAL 178877 27 1465069 8221699 566692 9686768 TUITION AND FEES 812900 53009820 53009820 ROOM, BOARD, & OTHER 812900 6498559 6498559 59508379 2849935 26648 2823287 41157079 35851725 431345 5305354 -431345 4874009 4874009 -494715 3505 -498220 -494715 76424376 59508379 30153 7199076 28969963 28969963 6499293 6499293 2483320 952134 1328686 202500 15819031 12175565 2640812 1002654 889234 659854 187954 41426 3221013 2200918 851565 168530 1460900 1033642 337999 89259 231851 231851 212251 212251 491535 491535 3637781 2246032 1291590 100159 10089 8455 1634 2408650 1709221 552789 146640 295348 165971 127691 1686 4994 4994 1542899 1542899 865971 800299 44937 20735 196341 169690 17053 9598 566913 561509 5404 4055667 3233139 822528 211800 39190 171611 999 FOOD SERVICE 2869849 2802300 59648 7901 COLLECTIONS 867269 867269 REPAIRS & MAINTENANCE 723803 87187 636616 78535765 66729524 10012520 1793721 296671 91892 55635073 40050492 6030315 1218219 1994134 3248512 16120926 16737049 16223 45990 613357 416309 139732303 82554832 60635825 57177471 59819549 58546735 20055117 15546883 16300 16300 4085446 4100110 225318936 197195962 2990062 2701611 2587987 1055887 28479458 3772866 0 4687300 13017463 5446249 47074970 17663913 X 43379018 57104010 134864948 122428039 178243966 179532049 225318936 197195962 X -2111389 -5583243 8982715 X 0 1 X 1 1 1 X 12968357 18938022 18501057 7607074 9686768 67701278 12968357 18938022 18501057 7607074 9686768 67701278 8193669 59507609 5796078 2894646 4186733 3536204 2823287 19236948 59685 30153 89838 300139 731100 944422 3061061 -498220 4538502 91566566 330079362 0.64990 0.70490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 722579 X X X 0 136744982 725157 1031378 50838061 87663456 160932873 753090 4294158 29235139 136744982 159514047 1211309 10010843 9803326 160932873 145155229 3658287 18262968 7562437 159514047 145348605 10612177 -3506129 7299424 145155229 0.84050 0.15950 0 0 1907266 1907266 116726721 66583164 50143557 75744 75744 0 9641197 8390912 1250285 11381375 7505012 3876363 57177471 ALTERNATIVE INVESTMENTS 15546883 F 15546883 STUDENT DEPOSITS AND DEFERRED GRANT REVENUE 348940 ANNUITIES PAYABLE 3751901 REFUNDABLE ADVANCES 1253365 OTHER LIABILITIES 92043 5446249 X PART III, LINE 4: THE COLLEGE MAINTAINS AN ANTHROPOLOGICAL MUSEUM AND AN ART MUSEUM. THE COLLECTIONS ARE DISPLAYED FOR PUBLIC VIEWING. HOWEVER, SPACE LIMITATIONS REQUIRE THAT ONLY PORTIONS OF THE COLLECTION ARE DISPLAYED AT A GIVEN TIME. THE COLLECTIONS AND THEIR PRESERVATION ARE USED IN THE CLASSROOM SETTING FOR INSTRUCTIONAL PURPOSES IN AREAS OF STUDY SUCH AS ANTHROPOLOGY, ART AND MUSEUM STUDIES. PART V, LINE 4: THE PURPOSE OF THE COLLEGE'S ENDOWMENT FUND IS TO PROVIDE A CONTINUOUS SOURCE OF FUNDING TO SUPPORT THE MISSION OF THE INSTITUTION. ENDOWMENT FUND EXPENDITURES PROVIDE FUNDING FOR SCHOLARSHIPS, FACULTY SALARIES, LIBRARY RESOURCES, AND OTHER PROGRAM ACTIVITIES. PART X, LINE 2: THE COLLEGE QUALIFIES AS A SECTION 501(C)(3) NOT-FOR-PROFIT EDUCATIONAL INSTITUTION UNDER THE INTERNAL REVENUE CODE (THE CODE) AND, THEREFORE, IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE IS, HOWEVER, SUBJECT TO FEDERAL INCOME TAXES ON ANY UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE CODE. THE COLLEGE IS EXEMPT FROM STATE INCOME TAXES UNDER SECTION 71.26 OF WISCONSIN STATUTES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BELOIT COLLEGE IS A FOUR YEAR PRIVATE LIBERAL ARTS INSTITUTION THAT DRAWS STUDENTS NOT ONLY NATIONWIDE BUT WORLDWIDE. MATERIALS USED IN PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS INCLUDE STATEMENTS THAT BELOIT COLLEGE DOES NOT DISCRIMINATE AGAINST STUDENTS, APPLICANTS FOR ADMISSION, APPLICANTS FOR FINANCIAL ASSISTANCE, APPLICANTS FOR EMPLOYMENT, OR EMPLOYEES ON THE BASIS OF SEX, RACE, COLOR, RELIGION, NATIONAL ORIGIN, ANCESTRY, AGE, SEXUAL ORIENTATION, OR PHYSICAL OR MENTAL DISABILITIES UNRELATED TO INSTITUTIONAL JOBS, PROGRAMS, OR ACTIVITIES. SCHEDULE E, PART I, LINE 6 BELOIT COLLEGE DID RECEIVE FEDERAL FUNDS, WHICH WERE USED FOR STUDENT PROGRAMS/ENTITLEMENTS SUCH AS PELL GRANTS, SEOG GRANTS, AND WORKSTUDY PROGRAMS. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 SCHOLARSHIPS 3342929 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 SCHOLARSHIPS 1670017 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 353860 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 SCHOLARSHIPS 352101 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTS 213811 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 SCHOLARSHIPS 213423 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANTS 193428 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 SCHOLARSHIPS 156183 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 SCHOLARSHIPS 87064 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 77838 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 62864 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS 59578 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS 56383 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 GRANTS 49050 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTS 33698 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 SCHOLARSHIPS 32500 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTS 25600 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 19680 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 19194 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 18149 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 16554 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 GRANTS 9660 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 SCHOLARSHIPS 7000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS 6528 0 0 0 0 0 0 6495752 581340 7077092 SCHOLARSHIP EAST ASIA AND THE PACIFIC 126 3342929 SEE PART V 0 SCHOLARSHIP EUROPE 6 213423 SEE PART V 0 SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 3 87064 SEE PART V 0 SCHOLARSHIP SOUTH AMERICA 1 7000 SEE PART V 0 SCHOLARSHIP SUB-SAHARAN AFRICA 11 352101 SEE PART V 0 SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 5 156183 SEE PART V 0 SCHOLARSHIP NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 2 32500 SEE PART V 0 SCHOLARSHIP SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 55 1670017 SEE PART V 0 GRANT SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 30 193428 SEE PART V 0 GRANT SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 3 33698 SEE PART V 0 GRANT EAST ASIA AND THE PACIFIC 38 213811 SEE PART V 0 GRANT NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 2 25600 SEE PART V 0 GRANT SOUTH AMERICA 1 49050 SEE PART V 0 GRANT CENTRAL AMERICA AND THE CARIBBEAN 3 56383 SEE PART V 0 GRANT EUROPE (INCLUDING ICELAND & GREENLAND) 3 6528 SEE PART V 0 GRANT RUSSIA AND NEIGHBORING STATES 2 59578 SEE PART V 0 0 0 0 0 0 0 PART I, LINE 2: GRANT FUNDS AWARDED IN THE FORM OF STUDENT FINANCIAL ASSISTANCE IS CREDITED TO THEIR TUITION ACCOUNT TO ASSIST IN COVERING THE COST OF TUITION. IN CASES WHERE FUNDS ARE SPENT AWAY FROM CAMPUS, APPROPRIATE DOCUMENTATION IS REQUIRED TO BE SUBMITTED AND APPROVED TO SUBSTANTIATE THE EXPENSE. PART III ACCOUNTING METHOD: 1 STUDENT FINANCIAL ASSISTANCE 735 28969963 0 PART I, LINE 2: GRANTS ARE AWARDED IN THE FORM OF FINANCIAL ASSISTANCE TOWARDS THE PAYMENT OF TUITION AND FEES IN WHICH CASE THE GRANT AMOUNTS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT. OTHER GRANTS ARE AWARDED FOR VARIOUS REASONS TO STUDENTS, FACULTY AND STAFF FOR EDUCATIONAL OR WORK RELATED ACTIVITIES. IN THESE CASES EXPENSE VERIFICATION IS REQUIRED IN THE FORM OF RECEIPTS AND OTHER APPROPRIATE DOCUMENTATION. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR H SCOTT BIERMAN PRESIDENT 384235 0 0 0 15000 0 19600 0 28506 0 447341 0 0 0 MS AMY WILSON VP OF DEVELOPMENT & ALUMNI RELATIONS 191535 0 0 0 0 0 5863 0 24580 0 221978 0 0 0 MS STACIE T SCOTT TREAS./VP FINANCE & PLANNING 182342 0 0 0 0 0 6810 0 28149 0 217301 0 0 0 MS CYNTHIA MCCOWN PROFESSOR OF ENGLISH & THEATRE, DANC 54712 0 0 0 138439 0 3978 0 6766 0 203895 0 0 0 DR KEN YASUKAWA PROFESSOR OF BIOLOGY 69225 0 0 0 115505 0 4846 0 211 0 189787 0 0 0 DR JOHN RAPP PROFESSOR OF POLITICAL SCIENCE 55919 0 0 0 103949 0 4356 0 14842 0 179066 0 0 0 MS LORRAINE RHEAD VP OF HUMAN RESOURCES & OPERATIONS 138906 0 0 0 0 0 10739 0 28248 0 177893 0 0 0 MR DANIEL SCHOOFF SECRETARY/CHIEF OF STAFF 135792 0 0 0 0 0 10558 0 30949 0 177299 0 0 0 MR CECIL YOUNGBLOOD DEAN OF STUDENTS 130551 0 0 0 2400 0 9625 0 14778 0 157354 0 0 0 PART I, LINE 1A DISCRETIONARY SPENDING ACCOUNT: THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT OF $15,000. THIS BENEFIT IS TREATED AS OTHER TAXABLE COMPENSATION TO H. SCOTT BIERMAN. THE COLLEGE PAID $2,400 TO DR. CECIL YOUNGBLOOD IN 2019 AS A DISCRETIONARY SPENDING ACCOUNT. THIS BENEFIT IS TREATED AS OTHER TAXABLE COMPENSATION TO CECIL YOUNGBLOOD. A. LESLIE DAVIDSON WAS PAID $6,278 FOR IN OTHER TAXABLE COMPENSATION. $2,631 WAS FOR A NEGOTIATED AMOUNT FOR NON-SPOUSAL HEALTH INSURANCE COVERAGE AND $3,647 WAS FOR MASTER'S DEGREE TUITION REIMBURSEMENT. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE/PERSONAL SERVICES: AS A CONDITION OF EMPLOYMENT, THE PRESIDENT OF BELOIT COLLEGE IS REQUIRED TO RESIDE IN THE PRESIDENT'S HOUSE. THE PRESIDENT'S HOUSE SERVES BOTH AS A PERSONAL RESIDENCE AS WELL AS A VENUE FOR THE CARRYING ON OF COLLEGE BUSINESS REGULARLY. THE COLLEGE HAS DETERMINED THAT THE VALUE OF THE USE OF THIS PERSONAL RESIDENCE IS NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT AS PROVIDED FOR IN INTERNAL REVENUE CODE SECTION 119. CONSISTENT WITH THE USE OF THE RESIDENCE AS A VENUE FOR COLLEGE BUSINESS, A PART-TIME HOUSEKEEPER IS ASSIGNED TO CLEAN UP AND ASSIST WITH SUCH USE. THE VALUE OF THIS BENEFIT WAS $24,855 IN 2019. THE VALUE OF THE HOUSING ALLOWANCE WAS $15,000, IN 2019. A WISC HEALTH & EDUCATIONAL FACILITIES AUTHORITIES 391337855 NONEAVAIL 2014-05-09 29775500 CURRENT REFUND BONDS ISSUED APRIL 28, 2010 0 0 0 B WISC HEALTH & EDUCATIONAL FACILITIES AUTHORITIES 391337855 97712DSK3 2016-09-14 26746813 CURRENT REFUND BONDS ISSUED APRIL 28, 2010 0 0 0 A 29775500 29775500 75500 29700000 2014 1 0 1 1 B 25301813 26746813 317465 26429348 2016 0 1 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 1 0 0 1 0 CHASE BANK 21.980000000000 0 0 0 0 1 B 0 1 0 0 0 1 0 0 0 0 1 A 1 B 1 X 48 175400 APPRAISAL VALUE X 9 391292 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING A COMBINATION OF THE NUMBER OF CONTRIBUTIONS AND THE NUMBER OF ITEMS RECEIVED. PART I, LINE 32B: IT IS THE GENERAL POLICY OF THE COLLEGE TO SELL OR OTHERWISE DISPOSE OF ALL GIFTS OF PERSONAL PROPERTY IN ORDER TO USE THE PROCEEDS TO ADVANCE ITS ACTIVITIES, UNLESS THE PROPERTY ITSELF FURTHERS THE MISSION OF THE COLLEGE SUCH AS CERTAIN ARTWORK, PIECES OF INTEREST FOR THE LOGAN MUSEUM, VALUABLE MANUSCRIPTS, ETC. ONCE THE PROPERTY IS TRANSFERRED A KNOWLEDGEABLE AGENT IS SOUGHT TO EFFICIENTLY DISPOSE OF THE PROPERTY FOR MAXIMUM PROCEEDS. FORM 990, PART VI, SECTION B, LINE 11B BELOIT COLLEGE'S FORM 990 WAS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. A DRAFT OF THE FORM 990 WAS PROVIDED ELECTRONICALLY TO THE BOARD OF TRUSTEES' AUDIT COMMITTEE FOR REVIEW AT THE FEBRUARY AUDIT COMMITTEE MEETING. THE FEBRUARY MEETING AGENDA INCLUDED DISCUSSION OF QUESTIONS OR CONCERNS REGARDING THE INFORMATION CONTAINED IN THE FORM 990. ONCE ALL ISSUES AND QUESTIONS REGARDING THE RETURN WERE RESOLVED, THE FORM 990 WAS FINALIZED TO INCORPORATE ANY NECESSARY CHANGES. AN UPDATED VERSION WAS PROVIDED ELECTRONICALLY TO THE CONTROLLER TO DISTRIBUTE TO THE AUDIT COMMITTEE FOR ADDITIONAL MATTERS TO BE ADDRESSED AND RESOLVED. THE FINALIZED VERSION OF FORM 990 WAS FILED WITH THE IRS ON OR BEFORE THE MAY 15TH FILING DEADLINE. TO RESPECT THE WISHES OF CERTAIN DONORS TO REMAIN ANONYMOUS, WE HAVE CHOSEN NOT TO PROVIDE A FULL DISCLOSURE COPY OF THE 990 TO THE FULL GOVERNING BOARD OF BELOIT COLLEGE. THE BOARD DOES, HOWEVER, RECEIVE A FULL REPORT LESS THE DONOR NAMES AND ADDRESSES TO REVIEW. A FULL DISCLOSURE COPY, WITH ALL DONOR INFORMATION, WILL BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST DOCUMENTS ANNUALLY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, ANY PERSON COVERED BY THIS POLICY MUST DISCLOSE THE EXISTENCE OF THE CONFLICT ISSUE AND ALL MATERIAL FACTS CONCERNING THE ISSUE. THE BOARD OF TRUSTEES MUST REVIEW AND APPROVE ALL SUBSTANTIAL CONFLICTING ACTIVITIES OF ALL TRUSTEES. THE AUDIT & RISK MANAGEMENT COMMITTEE MUST REVIEW AND APPROVE ALL SUBSTANTIAL CONFLICTING ACTIVITIES OF CORPORATE OFFICERS. WHEN THERE IS DOUBT AS TO WHETHER A CONFLICT OF INTEREST EXISTS, THE MATTER SHALL BE RESOLVED BY THE AUDIT & RISK MANAGEMENT COMMITTEE FOR CORPORATE OFFICERS AND THE EXECUTIVE COMMITTEE FOR THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE PARTICIPATES ANNUALLY IN AN OFFICER COMPENSATION SURVEY CONDUCTED BY THE WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (WAICU), AND AN ANNUAL ADMINISTRATIVE SALARY SURVEY CONDUCTED BY THE ASSOCIATED COLLEGES OF THE MIDWEST (ACM) WITH BI-ANNUAL INCLUSION OF THE GREAT LAKES COLLEGES ASSOCIATION (GLCA). THE SURVEYS ARE REVIEWED AS A PART OF THE PROCESS FOR DETERMINING ENCUMBENT SALARY INCREASES ANNUALLY. ADDITIONALLY, THE SURVEYS AND INDEPENDENT COMPARABILITY DATA FROM THE WAICU AND ACM/GLCA SCHOOLS WERE UTILIZED TO DETERMINE COMPENSATION FOR HIRING EXECUTIVES, OFFICERS AND KEY STAFF TO FILL VACANCIES. THE EXECUTIVE COMMITTEE OF THE BELOIT COLLEGE BOARD OF TRUSTEES ACTS AS THE COMPENSATION COMMITTEE. THERE ARE 6 MEMBERS OF THIS COMMITTEE, THE CHAIR OF THE BOARD, THE CHAIR OF THE BUDGET COMMITTEE, AND 4 MEMBERS ELECTED FROM THE FULL BOARD. THE PROCESS USED TO DETERMINE THE COMPENSATION OF THE PRESIDENT AND TO REVIEW THE COMPENSATION OF THE OFFICERS OF THE COLLEGE IS DETAILED BELOW: 1. MARKET DATA FROM COMPENSATION SURVEYS OF MEMBER COLLEGES OF THE ASSOCIATED COLLEGES OF THE MIDWEST/GREAT LAKES COLLEGES ASSOCIATION (ACM/GLCA), MEMBER COLLEGES OF THE WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (WAICU), AND TWENTY COMPARATIVE NATIONAL RESIDENTIAL LIBERAL ARTS COLLEGES BELOIT USES FOR A VARIETY OF PURPOSES ARE USED TO COMPARE THE SALARIES, BENEFITS AND OTHER PERQUISITES OF THE PRESIDENT AND OFFICERS OF THE COLLEGE. 2. THE EXECUTIVE COMMITTEE USES THE MARKET DATA AS PART OF THEIR DECISION PROCESS. PRIOR TO THE SPRING BOARD OF TRUSTEES MEETING, THE EXECUTIVE COMMITTEE IS ALSO PROVIDED WITH AN ANNUAL REPORT AND REFLECTION ON THE PREVIOUS YEAR AUTHORED BY THE PRESIDENT. THIS IS DISCUSSED BY THE EXECUTIVE COMMITTEE WITH THE PRESIDENT AND IN EXECUTIVE SESSION AT THEIR SPRING MEETING. FOLLOWING THIS DISCUSSION, THE EXECUTIVE COMMITTEE DECIDES ON A COMPENSATION PROPOSAL TO BRING TO THE FULL BOARD. 3. THE EXECUTIVE COMMITTEE TAKES THEIR RECOMMENDATION REGARDING THE PRESIDENT'S COMPENSATION FOR REVIEW AND CONSIDERATION TO THE FULL BOARD ALSO AT THE SPRING BOARD OF TRUSTEES MEETING. AT THIS MEETING, THE EXECUTIVE COMMITTEE SUMMARIZES THE PRESIDENT'S ANNUAL REPORT, THEIR OWN DELIBERATIONS, AND THE ARGUMENT FOR THE COMPENSATION RECOMMENDATION THEY ARE PROPOSING. 4. ONCE THE COMPENSATION PACKAGE IS APPROVED, IT IS COMMUNICATED TO THE VICE PRESIDENT FOR HUMAN RESOURCES AND OPERATIONS WHO IMPLEMENTS THE DECISION FOR THE NEXT FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. OTHER DOCUMENTS MAY BE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART XI, LINE 9: ADJUSTMENTS TO ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -376,516. CHANGE IN FAIR VALUE OF SWAP LIABILITY -698,741. LOSS FROM SUBSIDIARIES -682,709. CONTRIBUTIONS OF NA AND MEMBERS' EQUITY 10,740,681. 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