2020-03-27T11:17:40-05:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2018-07-01 390826049 RIPON COLLEGE RIPO 9207488108 PO BOX 248 RIPON WI 54971 ANDREA YOUNG VP FOR FINANCE 9207488108 2020-03-26 1 TROY E MARINE CPA P00187863 4147775500 2020-03-26 104.231.254.62 2020-03-26 17:57:12 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 793A1E00ACF041F16FD41A7A782950CAF62641F6 2018 2020-09-23 17:36:50Z ZACHARIAH MESSITTE 300 SEWARD STREET RIPON WI 54971 54557919 0 X WWW.RIPON.EDU X 1851 WI RIPON COLLEGE PREPARES STUDENTS OF DIVERSE INTERESTS FOR LIVES OF PRODUCTIVE, SOCIALLY RESPONSIBLE CITIZENSHIP. OUR LIBERAL ARTS CURRICULUM AND RESIDENTIAL CAMPUS CREATE AN INTIMATE LEARNING COMMUNITY IN WHICH STUDENTS EXPERIENCE A RICHLY PERSONALIZED EDUCATION. 31 30 734 357 467835 263272 8085109 9765279 35508172 39294088 3986534 4121700 385090 472321 47964905 53653388 17327631 20591043 0 0 14676952 16011141 0 0 1343567 15786019 16523583 47790602 53125767 174303 527621 161780398 162795844 46868906 46150495 114911492 116645349 X RIPON COLLEGE PREPARES STUDENTS OF DIVERSE INTERESTS FOR LIVES OF PRODUCTIVE, SOCIALLY RESPONSIBLE CITIZENSHIP. OUR LIBERAL ARTS CURRICULUM AND RESIDENTIAL CAMPUS CREATE AN INTIMATE LEARNING COMMUNITY IN WHICH STUDENTS EXPERIENCE A RICHLY PERSONALIZED EDUCATION. 0 0 46904791 20591043 39373106 RIPON COLLEGE, AN ACCREDITED PRIVATE INSTITUTION, PROVIDES A FOUR-YEAR DEGREE PROGRAM IN THE LIBERAL ARTS. THIS EDUCATIONAL PROGRAM BENEFITS MORE THAN 766 FULL TIME EQUIVALENT STUDENTS. 46904791 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1060 0 1 734 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 30 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X ANDREA YOUNG 9207488108 300 SEWARD STREET RIPON WI 54971 THOMAS W ABENDROTH TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 THOMAS BROMAN TRUSTEE 1.00 X 0 0 0 JAMES R CLARK TRUSTEE 1.00 X 0 0 0 MARK FRANZEN TRUSTEE 1.00 X 0 0 0 PENELOPE GREENE TRUSTEE 1.00 X 0 0 0 AVERY HERBON TRUSTEE 1.00 X 0 0 0 DANTE HOUSTON TRUSTEE 1.00 X 0 0 0 DAVID JANSSEN TRUSTEE 1.00 X 0 0 0 WILLIAM CHESTER JORDAN PHD TRUSTEE 1.00 X 0 0 0 ROBERT J KIRKLAND TRUSTEE/PAST CHAIR 1.00 X X 0 0 0 JAMES LEE TRUSTEE 1.00 X 0 0 0 RICHARD LEWANDOWSKI TRUSTEE 1.00 X 0 0 0 MARTIN LINDSAY TRUSTEE 1.00 X 0 0 0 WILLIAM C MACLEOD TRUSTEE/SECRETARY 1.00 X X 0 0 0 PHILIP K MCCULLOUGH MD TRUSTEE 1.00 X 0 0 0 SUSAN MEIER TRUSTEE 1.00 X 0 0 0 ZACHARIAH MESSITTE TRUSTEE/PRESIDENT 1.00 X X 262146 0 70488 MICHAEL MILBURN TRUSTEE 1.00 X 0 0 0 CONNIE MOSER TRUSTEE/TREASURER 1.00 X X 0 0 0 ROBERT MURRAY TRUSTEE 1.00 X 0 0 0 RONALD R PETERSON TRUSTEE/CHAIR 1.00 X X 0 0 0 ANN RAWDING TRUSTEE 1.00 X 0 0 0 WINONA HOLMES ROBBINS TRUSTEE 1.00 X 0 0 0 JOANN SELLECK TRUSTEE 1.00 X 0 0 0 DAVID E SHOGREN TRUSTEE 1.00 X 0 0 0 JOSEPH TOLAN TRUSTEE 1.00 X 0 0 0 PETER TUZ TRUSTEE 1.00 X 0 0 0 ROBERT WELCH TRUSTEE 1.00 X 0 0 0 JOHN H WOLFE TRUSTEE 1.00 X 0 0 0 KIMBERLY WOOLEY TRUSTEE 1.00 X 0 0 0 GEORGE ZORNADA TRUSTEE 1.00 X 0 0 0 KARL SOLIBAAKE FORMER VP FOR FINANCE & ASST TREASURER TO 9/28/18 40.00 X 123867 0 13196 ED WINGENBACH DEAN OF FACULTY 40.00 X 149884 0 34573 MELISSA ANDERSON VP FOR MARKETING 40.00 X 128242 0 17030 JENNIFER L MACHACEK VP FOR ENROLLMENT 40.00 X 152848 0 32631 CHRIS OGLE VP & DEAN OF STUDENTS 40.00 X 141416 0 27571 958403 0 195489 6 0 1 0 SODEXO PO BOX 536922 ATLANTA WI 30353 FOOD & HOUSEKEEPING 4227944 THE BOLDT COMPANY 2525 NORTH ROEMER RD APPLETON WI 54912 CONSTRUCTION OF ENTRANCE TO LANE LIBRARY 250000 SSM HEALTH WORK & WELLNESS 420 E DIVISION ST FOND DU LAC WI 54935 ATHLETIC TRAINER/NURSE 124285 LAMERS BUS LINES 2407 S POINT ROAD GREEN BAY WI 543135498 BUS SERVICES 121776 4 15985 1086584 8662710 590933 9765279 TUITION & FEES 812900 32902100 32902100 AUXILIARY ENTERPRISES 812900 6391988 6391988 39294088 1335032 -24066 1359098 5802 5802 38878 0 38878 38878 38878 3661428 675 875435 0 2785993 675 2786668 310775 2475893 32715 15985 29096 3619 3619 MISCELLANEOUS 812900 318484 79018 239466 SUMMER CAMP/CONFERENCES 721000 105538 181126 -75588 424022 53653388 39373106 467835 4047168 20591043 20591043 519234 399499 119735 11084272 9317928 1142195 624149 622606 501155 76352 45099 2995204 2386179 458088 150937 789825 635657 101581 52587 71529 1250 70279 59811 59811 87541 87541 3210350 2671000 451168 88182 189223 8138 181085 1009590 780889 134773 93928 447449 445400 2049 1546833 1449866 89778 7189 797365 618379 109860 69126 218038 114535 88349 15154 1257419 1244714 11172 1533 1870164 1557655 312509 242501 974 241527 FOOD SERVICE CONTRACT 1998262 1998262 REPAIRS & MAINTENANCE 1059238 987837 71401 PROMOTIONS & AWARDS 490314 415641 74673 UBI TAX 293426 293426 1674530 1178289 420293 75948 53125767 46904791 4877409 1343567 278539 446132 5684919 2307654 2837115 6075342 1521229 1382945 2701733 2408414 335109 225859 89820831 37054461 54074284 52766370 41790461 55760119 44812153 34007877 7744856 7415132 161780398 162795844 1891784 1777087 2702879 2749845 134510 84990 39112020 38155017 3027713 3383556 46868906 46150495 X 12488947 9647166 24327392 0 78095153 106998183 114911492 116645349 161780398 162795844 X 527621 1205746 490 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1072685 X X X 0 94360630 3020463 5118343 5366477 97132959 90595172 2310828 5497625 4042995 94360630 84742107 285747 9902644 4335326 90595172 82265555 5900476 -1978861 4445063 81742107 84583810 4725430 247257 4290942 85265555 0.01630 0.98370 1 0 560766 560766 81758977 30977208 50781769 7501088 6077253 1423835 52766370 ALTERNATIVE INVESTMENTS 34007877 F 34007877 ANNUITIES PAYABLE 299562 ACCRUED POSTRETIREMENT BENEFIT 2240459 CONDITIONAL ASSET RETIREMENT OBLIGATION 843535 3383556 X 34297677 1205746 29586 1235332 33062345 20591043 20591043 53653388 32563820 29096 29096 32534724 20591043 20591043 53125767 PART III, LINE 4: TO ENABLE STUDENTS AND COMMUNITY MEMBERS TO LEARN ABOUT AND EXPERIENCE DIFFERENT ART FORMS. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, ACADEMIC PROGRAMS AND FACILITIES TO ASSIST IN FURTHERING THE MISSION OF THE COLLEGE. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE COLLEGE IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE COLLEGE HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES 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. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 AND 2018. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 40,045. CHANGES IN SPLIT-INTEREST AGREEMENTS 42,212. CHANGES IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS HELD BY OTHERS -81,767. FUNDRAISING EXPENSES 29,096. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 20,591,043. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 29,096. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 20,591,043. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RIPON COLLEGE DRAWS STUDENTS NATIONWIDE. MATERIALS USED IN PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS INCLUDE A STATEMENTS THAT RIPON COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, AND NATIONAL OR ETHNIC ORIGIN. SCHEDULE E, PART I, LINE 6 RIPON COLLEGE RECEIVED FEDERAL FUNDS INCLUDING ALL TITLE IV AID PROGRAMS. RIPON COLLEGE RECEIVES WISCONSIN FUNDS INCLUDING WTG, TIP WI MINORITY GRANTS, ACADEMIC EXCELLENCE, ROBERT BYRD, AND WI HANDICAP, INDIAN AND WI COVENANT GRANTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 4825354 0 0 0 0 0 0 4825354 0 4825354 1 0 0 1 1 0 FORM 990, SCHEDULE F, PART IV: RIPON COLLEGE INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE ORGANIZATION'S INVESTMENT ACTIVITIES ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 8621, OR 8865. TO THE EXTENT THAT THE ORGANIZATION IS REQUIRED TO COMPLETE ONE OF THESE FOREIGN FORMS, IT HAS BEEN FILED WITH THE ORGANIZATION'S ANNUAL FORM 990-T. GOLF SCRAMBLE 48700 15985 32715 20984 8112 48700 15985 32715 20984 8112 29096 3619 1 INSTITUTIONAL GRANTS AND SCHOLARSHIPS 768 18147057 ENDOWED SCHOLARSHIPS 407 2443986 PART I, LINE 2: RIPON COLLEGE TRACKS ALL GRANTS ISSUED BY GRANT, DOLLAR AMOUNT, STUDENT, AND TERM. FINANCIAL AID AWARDS GRANTS BASED ON THE GRANTEES ELIGIBILITY FOR ANY GRANT. ELIGIBILITY MAY BE BASED ON NEED, GRADES, MAJORS, ETC. IF NEED BASED, THE FAFSA WILL BE UTILIZED. EACH GRANT MAY HAVE UNIQUE SELECTION CRITERIA WHICH IS DOCUMENTED BY THE FINANCIAL AID DEPARTMENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ZACHARIAH MESSITTE TRUSTEE/PRESIDENT 262146 0 0 0 0 0 13831 0 56657 0 332634 0 0 0 ED WINGENBACH DEAN OF FACULTY 149884 0 0 0 0 0 9599 0 24974 0 184457 0 0 0 JENNIFER L MACHACEK VP FOR ENROLLMENT 152848 0 0 0 0 0 9657 0 22974 0 185479 0 0 0 CHRIS OGLE VP & DEAN OF STUDENTS 141416 0 0 0 0 0 8864 0 18707 0 168987 0 0 0 PART I, LINE 1A IRS INSTRUCTIONS TO FORM 990 REQUIRE THAT THE FAIR MARKET VALUE OF HOUSING PROVIDED TO EMPLOYEES BY THEIR EMPLOYER BE REPORTED ON FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II (WHETHER OR NOT THE VALUE IS DEEMED TAXABLE). AS A CONDITION OF EMPLOYMENT, THE PRESIDENT OF RIPON COLLEGE IS REQUIRED TO RESIDE IN THE RESIDENCE ON THE CAMPUS PREMISES. THE RESIDENCE SERVES BOTH AS A PERSONAL RESIDENCE AS WELL AS A VENUE FOR THE REGULAR CARRYING ON OF COLLEGE BUSINESS. 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 119. FOR FISCAL YEAR 2019, THE VALUE OF THE PRESIDENT'S USE OF THE RESIDENCE IS CONSERVATIVELY ESTIMATED TO BE $31,500. THIS ESTIMATE VALUE IS BASED ON AN ESTIMATED MONTHLY RENTAL VALUE OF THE RESIDENCE OF $2,625/MONTH INCLUDING UTILITIES TOTALING $31,500 ANNUALLY. DISCLOSURE SUBJECT TO FERPA LAWS 34060 SCHOLARSHIP/GRANT TUITION AID X 31 581429 FAIR MARKET VALUE X OTHER 17 9504 FAIR MARKET VALUE 0 0 1 1 PART I, LINE 32B: RIPON COLLEGE USES BMO HARRIS FINANCIAL ADVISORS TO RECEIVE STOCK SENT TO DTC AND TO SELL THAT STOCK. BMO HARRIS FINANCIAL ADVISORS HOLDS THE STOCK UNTIL RIPON AUTHORIZES THE SALE. BMO HARRIS FINANCIAL ADVISORS THEN SELLS THE STOCK AND PROVIDES A CONFIRMATION OF THE TRANSACTION ELECTRONICALLY. THE PROCEEDS ARE SENT BY CHECK TO THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS OF THE ORGANIZATION WERE MODIFIED TO CHANGE THE TERM LIMITS OF OFFICERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES SHALL ELECT TO MEMBERSHIP ON THE BOARD SUCCESSORS TO THOSE MEMBERS WHOSE TERMS EXPIRE ON THAT DATE, WITH THE EXCEPTION OF THE ALUMNI TRUSTEE AND THE SPECIAL GRADUATE TRUSTEE. ONE OF THE AFORESAID SUCCESSORS SHALL BE RECOMMENDED BY THE ALUMNI AND ONE BY THE STUDENT BODY, AS HEREINAFTER PROVIDED. TRUSTEES SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE TRUSTEES PRESENT AT THE MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO EACH MEMBER OF THE AUDIT COMMITTEE FOR THEIR REVIEW. ANY NECESSARY CHANGES OR CORRECTIONS ARE MADE AND A FINAL FORM 990 IS SENT TO ALL MEMBERS PRIOR TO FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM YEARLY. A SUMMARY OF ALL FORMS DISTRIBUTED, RETURNED, AND THE NUMBER WITH DISCLOSURES IS COMPLETED. ALL FORMS WITH DISCLOSURES ARE REVIEWED BY THE PRESIDENT AND VICE PRESIDENT FOR FINANCE. THOSE WITH DISCLOSURES ARE CATEGORIZED AS NOT A CONFLICT", A POTENTIAL CONFLICT BUT IMMATERIAL TO THE COLLEGE, AND THOSE THAT REQUIRE FURTHER ACTION. IF ANY ARE DEEMED TO REQUIRED FURTHER ACTION, THEN THOSE ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE. IF ACTION IS NECESSARY, PROPER ACTIONS ARE TAKEN BY THE COLLEGE TO ENSURE THAT ANY DETRIMENTAL IMPACT TO THE COLLEGE IS MINIMIZED OR NEGATED. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE, SUBJECT TO THE APPROVAL OF THE BOARD, FOR THE APPOINTMENT, COMPENSATION, AND EVALUATION OF THE OFFICE OF PRESIDENT, AND SHALL BE RESPONSIBLE FOR APPOINTMENT AND COMPENSATION, UPON THE RECOMMENDATION OF THE PRESIDENT FOR THE OFFICES OF VICE PRESIDENT AND DEAN OF FACULTY, VICE PRESIDENT AND DEAN OF STUDENTS, VICE PRESIDENT FOR FINANCE, VICE PRESIDENT FOR ADVANCEMENT, AND VICE PRESIDENT AND DEAN OF ADMISSION AND FINANCIAL AID. THE EXECUTIVE COMMITTEE SHALL CONSIDER ADJUSTMENT IN THE COMPENSATION OF SUCH OFFICERS ON AN ANNUAL BASIS. SALARIES WILL BE REVIEWED ON AN ANNUAL BASIS AND ANY SPECIAL INCREASE/DECREASE DIFFERING FROM THE ANNUAL ACROSS THE BOARD INCREASE/DECREASE WILL BE DONE BY SEPARATE LETTER AND SENT TO THE VICE PRESIDENT FOR FINANCE NO LATER THAN DECEMBER 15TH OF EACH YEAR TO TAKE EFFECT JANUARY 1 OF THE NEXT CALENDAR YEAR. THE COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES IS REVIEWED FOR REASONABLENESS THROUGH REVIEW OF COMPARABLE POSITIONS AT PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 40,045. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 42,212. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS HELD BY OTHERS -81,767. PERPETUAL TRUSTS (3) SUPPORT WI RIPON COLLEGE 1 CHARITABLE GIFT ANNUITIES (10) SUPPORT WI RIPON COLLEGE 1 CHARITABLE REMAINDER TRUST (1) SUPPORT WI RIPON COLLEGE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0