2019-03-21T16:55:26-07:00 2018-06-30 990 2017-07-01 381358014 KALAMAZOO COLLEGE KALA 2693377000 1200 Academy St Kalamazoo MI 49006 James E Prince Vice President 2693377225 2019-03-22 146.113.30.66 2017 2019-02-21 02:37:17Z Jorge G Gonzalez 1200 Academy St Kalamazoo MI 49006 181306970 0 X www.kzoo.edu X 1833 MI The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. 31 30 1619 1200 115074 75432 8888843 33814011 71579005 75420814 5784077 17828137 328803 396544 86580728 127459506 36793670 41391670 0 0 36345493 33115563 68662 67265 3414210 21211303 23796798 94419128 98371296 -7838400 29088210 346175670 376942796 60857247 56935475 285318423 320007321 The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. As a highly selective, nationally renowned and internationally oriented four-year college of arts and sciences, Kalamazoo College has developed a tradition of excellence in the fulfillment of this mission. 0 0 89278856 41391670 75420814 Higher Education: The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. As a highly selective, nationally renowned. and internationally oriented four-year college of arts and sciences, Kalamazoo College has developed a tradition of excellence in the fulfillment of this mission. College enrollment for the fall quarter of 2017 was 1,436 students. 0 0 0 89278856 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 1 269 0 1 1619 1 1 1 1 FR GM KE SP 0 0 0 1 1 0 0 0 0 X 31 30 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO KY MA MD MI NH NY OH OK OR SC WA X Catherine Bonnes 2693377228 1200 Academy Street Kalamazoo MI 49006 Charlotte H Hall Chair 2 0 X 0 0 0 James A Clayton Vice Chair 2 0 X 0 0 0 S Si Johnson Vice Chair 2 0 X 0 0 0 Eugene V N Bissell Treasurer 2 0 X 0 0 0 Amy S Courter Secretary 2 0 X 0 0 0 Hashem Akhavan-Tafti Trustee 2 0 X 0 0 0 Martha Campbell Trustee 2 0 X 0 0 0 Jody L Clark Trustee 2 0 X 0 0 0 Harold J Decker Trustee 2 0 X 0 0 0 Helen B Etkin Trustee 2 0 X 0 0 0 Gwen A Fountain Trustee 2 0 X 0 0 0 Donald L Hafner Trustee 2 0 X 0 0 0 James N Heath Trustee 2 0 X 0 0 0 Jerrod A Howlett Trustee 2 0 X 0 0 0 Alexander C Lipsey Trustee 2 0 X 0 0 0 Erin M Mazzoni Trustee 2 0 X 0 0 0 Asia L Morales Trustee 2 0 X 0 0 0 Hans P Morefield Trustee 2 0 X 0 0 0 Brad O'Neill Trustee 2 0 X 0 0 0 Donald R Parfet Trustee 2 0 X 0 0 0 Gail A Raiman Trustee 2 0 X 0 0 0 Christopher P Reynolds Trustee 2 0 X 0 0 0 James A Robideau Trustee 2 0 X 0 0 0 Mary Beth Sarhatt Trustee 2 0 X 0 0 0 William R Stoeri Trustee 2 0 X 0 0 0 Jon L Stryker Trustee 2 0 X 0 0 0 Bonnie Wachter Swenby Trustee 2 0 X 0 0 0 Amy E Upjohn Trustee 2 0 X 0 0 0 Richard E Yehle Trustee 2 0 X 0 0 0 Debra L Yourick Trustee 2 0 X 0 0 0 Jorge G Gonzalez President 40 0 X X 414714 0 89828 Albert DeSimone VP College Advancement 40 0 X 212878 0 38907 Michael A McDonald Provost 40 0 X 197518 0 20134 James E Prince VP Business and Finance 40 0 X 193601 0 36782 Sarah Westfall VP Student Dev/Dean of Students 40 0 X 152773 0 24075 Lisa Brock Academic Director, Arcus Center for Social Justice Leadership 40 0 X 147995 0 22995 Gregory Diment Associate Provost IS 40 0 X 131894 0 75315 Paul Manstrom Associate VP Facilities Management 40 0 X 128517 0 30290 Eric Staab Dean of Admission and Financial Aid 40 0 X 125249 0 77104 Eileen B Wilson-Oyelaran President Emerita 2 0 X 252166 0 35122 1957305 0 450552 28 0 1 0 Creative Dining Services One Royal Park Dr Ste 3 Zeeland MI 49464 Campus Food Services 2996156 Royall & Company 1920 E Parham Rd Richmond VA 23228 Student Marketing Program 332382 Andy J Eagan Company 2001 Waldorf St NW Ste 200 Grand Rapids MI 49544 Construction Contractor 302913 Cripps Fontaine Excavating Inc 7729 Douglas Ave Kalamazoo MI 49009 Construction Management 199403 Cambridge Associates LLC 125 High St Suite 1401 Boston MA 02110 Investment Advisors 195652 11 0 0 14141 0 241899 33557971 747415 33814011 Tuition and Fees 611310 66135806 66135806 0 0 Room and Board 611310 7517040 7517040 0 0 Other revenue 611310 1767968 1707094 60874 0 0 0 0 0 75420814 305652 0 39356 266296 0 0 0 0 0 0 0 0 111026 0 65873 0 45153 0 45153 0 0 45153 70807377 6000 53258741 32151 17548636 -26151 17522485 0 0 17522485 14087 0 16003 -1916 0 -1916 86400 25762 60638 0 0 60638 741603 448934 292669 0 14844 277825 0 127459506 75359940 115074 18170481 0 0 41391670 41391670 0 0 0 0 1429151 418843 745297 265011 0 0 0 0 24003070 19285118 2759074 1958878 1771287 1412070 209743 149474 4266244 3106891 837370 321983 1645811 1320428 185896 139487 0 0 0 0 124018 0 124018 0 106395 0 106395 0 0 0 0 0 67265 67265 639060 0 639060 0 1425298 1217712 104140 103446 189412 145811 29696 13905 1271529 856675 307834 107020 963534 425288 538246 0 0 0 0 0 2366538 2255714 110824 0 1474061 1225463 111343 137255 0 0 0 0 944799 719948 176713 48138 1185097 994388 190709 0 0 0 0 0 3303799 3202989 50405 50405 233067 226075 6992 0 Study Abroad 3487088 3487088 0 0 Food Services 3041499 3041499 0 0 Indirect Cost Allocation 0 2126425 -2126425 0 Perkins 35623 0 35623 0 3005981 2418761 535277 51943 98371296 89278856 5678230 3414210 6495353 39942378 3002827 22315487 585152 1051450 0 0 0 0 6876472 6949395 549866 416129 760941 691195 148193792 67757274 81611761 80436518 177772392 153277959 68520906 71862285 346175670 376942796 5687491 4204259 0 0 389709 472169 29990040 28835597 0 0 0 0 0 0 1000000 1000000 23790007 22423450 60857247 56935475 X 98414771 103352179 61887501 88675758 125016151 127979384 285318423 320007321 346175670 376942796 X 29088210 4333822 0 0 0 1266866 X 0 1 1 1 1 X 0 0 0 226973570 3180332 22127011 2392043 8310082 584794 240993994 206774239 2807696 28433040 2242656 8316410 482339 226973570 219847239 3209502 -5673733 2181749 8074541 352479 206774239 222047672 4981772 2319621 1997614 7137135 367077 219847239 192294969 6669948 31728379 1849014 6433477 363133 222047672 0.22 0.52 0.26 0 1 1 0 2416887 2416887 0 107380466 44562104 62818362 0 0 0 0 0 27748682 20949994 6798688 0 10647757 2245176 8402581 80436518 Hedge Funds 52170686 F Private Equity Funds 7684883 F Charitable Remainder Trusts & Gift Annuities 2988477 F Beneficial interest in perpetual trusts 9018239 F 71862285 0 Postretirement Benefit 14573055 Federal Pekins Loans 6461129 Annuities Payable 1389266 22423450 91779661 4333822 0 0 1849589 6183411 85596250 639060 41224196 41863256 127459506 57090763 0 0 0 582723 582723 56508040 639060 41224196 41863256 98371296 Schedule D, Part III, Line 1 The College maintains a substantial collection of artwork and rare books for educational purposes and public exhibition. Schedule D, Part III is not completed because the collection is not capitalized and does not meet the definition under SFAS 116. Schedule D, Part III, Line 4 The college maintains a substantial collection of artwork and rare books for educational purposes and public exhibition. Schedule D, Part III is not completed because the collection is not capitalized and does not meet the definition under SFAS 116. Schedule D, Part V, Line 4 The College's endowment consists of approximately 500 individual funds established for a variety of purposes. These funds provide support for instruction, academic support departments, student services, institutional support departments, physical plant maintenance and improvements, public service programs and scholarships, as well as general operating support. Schedule D, Part XI, Line 2d Change in post retirement benefit liability $1,266,866; Expenses that are reported with Revenue Part VIII such as bookstore cost of sales, rental expenses, fundraising and gaming expenses, and loss on sale of assets total $582,723 Schedule D, Part XI, Line 4b Financial aid of $41,061,720 is netted with tuition on audited financial statements; Other expenses netted with revenue on audited financial statements total $162,476 Schedule D, Part XII, Line 2d Expenses that are reported with Revenue Part VIII such as bookstore cost of sales, rental expenses, fundraising and gaming expenses, and loss on sale of assets total $582,723 Schedule D, Part XII, Line 4b Financial aid of $41,061,720 is netted with tuition on audited financial statements; Other expenses netted with revenue on audited financial statements total $162,476 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The following statement appears in the College catalogue:"Kalamazoo College is committed to equal rights, equal opportunities, and equal protection under the law. The College administers its programs without regard to race, color, religion, age, sex, national origin, height, weight, marital status, familial status, physical disability as protected by law, or sexual orientation. The College's definition of sexual orientation proscribes discrimination based on a person's heterosexuality, homosexuality, bisexuality, or gender identity, actual or presumed." Kalamazoo College draws a substantial percentage of its students from outside the Kalamazoo community including other areas of Michigan, the United States, and foreign countries and follows a racially nondiscriminatory policy as to students. Publication is not required under Rev Proc 75-50, Section 4.03-2(b). Schedule E, Part I, Line 6 Kalamazoo College participates in the following campus-based financial aid programs: SEOG, FWSP, Perkins (NDSL). In addition, students from the college are recipients of Pell grants, Guaranteed Student Loans and Parent Loans. Central America and the Caribbean 0 0 Program Services Higher Education 120570 East Asia and the Pacific 0 1 Program Services Higher Education 878815 Europe (including Iceland and Greenland) 0 8 Program Services Higher Education 1512396 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Higher Education 27696 South America 0 2 Program Services Higher Education 623985 South Asia 0 0 Program Services Higher Education 50400 Sub-Saharan Africa 0 2 Program Services Higher Education 2571 Central America and the Caribbean Investments 28596138 North America (including Canada and Mexico, but not the United States) Investments 12732289 0 13 44544860 1 0 1 1 1 0 Schedule F, Part IV The College invests in various foreign corporations and partnerships, both directly and through U.S. partnerships. However, the College's share of foreign corporation and partnership investments does not exceed 10% and thus Form 5471 or Form 8865 is not required. While these investments may be considered Passive Foreign Investment Companies, the College is not required to file Form 8621 as the investment income is not debt-financed unrelated business income. The College files Form 926 for transfers to foreign corporations during the year, both directly and through U.S. partnerships when cash transfers exceed $100,000 or when other types of assets are transferred. X X X X X X X 1 Wilson-Bennett Technnology Inc 140 Professional Dr Ste 2 Cabot AR 72023 Phonathon 0 226577 67265 159312 226577 67265 159312 AK AL AR CA CO CT FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI SD TN UT VA WA WI WV Golf Jamboree 15997 10057 5940 0 0 0 3388 0 8519 Golf for Football 12232 4084 8148 0 0 0 810 0 3286 0 28229 14141 14088 0 0 0 4198 0 11805 16003 -1915 86400 25000 762 86400 25000 0 0 762 25762 60638 MI 1 0 1 0 0 1 Catherine Bonnes Kalamazoo College 1200 Academy St Kalamazoo MI 49006 0 0 0 1 Scholarships 1392 41061720 Scholarships for GLCA students 9 329950 Schedule I, Part I, Line 2 Scholarships are awarded based on established criteria, including donor restrictions. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Jorge G Gonzalez President 412805 0 0 0 1909 0 47396 0 43393 0 505503 0 0 0 Albert DeSimone VP College Advancement 212482 0 0 0 396 0 22293 0 17128 0 252299 0 0 0 Michael A McDonald Provost 197380 0 0 0 138 0 20134 0 514 0 218166 0 0 0 James E Prince VP Business and Finance 193205 0 0 0 396 0 20347 0 16948 0 230896 0 0 0 Sarah Westfall VP Student Dev/Dean of Students 152635 0 0 0 138 0 15965 0 8614 0 177352 0 0 0 Eileen B Wilson-Oyelaran President Emerita 247222 0 0 0 4944 0 27363 0 8273 0 287802 0 0 0 Lisa Brock Academic Director, Arcus Center for Social Justice Leadership 147599 0 0 0 396 0 8412 0 15084 0 171491 0 0 0 Gregory Diment Associate Provost IS 131636 0 0 0 258 0 14238 0 61542 0 207674 0 0 0 Paul Manstrom Associate VP Facilities Management 127755 0 0 0 762 0 13860 0 16887 0 159264 0 0 0 Eric Staab Dean of Admission and Financial Aid 125111 0 0 0 138 0 13856 0 63705 0 202810 0 0 0 Schedule J, Part I, Line 1a The President is required to live in housing provided on campus. The value of this housing is excluded from taxable income. Schedule J, Part I, Line 3 The compensation of the President is reviewed annually by the Board of Trustees. As part of this process, the President's compensation is compared to a cohort of similar institutions, the Great Lakes Colleges Association. The result of the deliberations and decisions are documented in a statement of salary letter sent to the President and the Director of Human Resources. Schedule J, Part I, Line 4 President Gonzalez participated in a section 457(f) plan and the College contributed $20,000 during calendar year 2017. A Michigan Finance Authority 800596186 2011-06-09 34250000 Refunding 2000,2003,2007 & construct & equip athletics facilities & fields 0 0 0 A 4125000 0 34281725 0 0 21979763 285774 0 0 12016188 0 0 2013 1 1 1 1 A 0 0 1 1 0 0.0 0.007 0.007 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 Schedule K, Part IV, Line 2c-06/09/2011 34,250,000 Michigan Finance Authority 06/09/2011 - 34,250,000 Michigan Finance Authority - Arbitrage calculation was performed in June 2016. No rebate was due. Suzanne Gonzalez Spouse of President 35000 Honorarium 0 X 1 15000 Donor appraisal X 0 Value not recorded X 51 732415 Avg daily stock price X DVD and VHS tapes 1 0 Value not recorded 1 0 1 0 Schedule M, Part I, Line 33 Noncash contributions of personal property valued at $5,000 or less are not entered or capitalized Form 990, Part VI, Section A, Line 4 The Board of Trustees voted to add three more standing committees to the bylaws: Buildings and grounds, Risk Review, and Compensation committees. Form 990, Part VI, Section B, Line 11b The forms 990 and 990T are provided to the Audit Committee of the Board of Trustees for review. A meeting is convened with the Audit Committee and the Vice President for Business and Finance to review and discuss the Forms 990 and 990T. After receiving the Audit Committee's approval, the Forms 990 and 990T are provided to the full Board of Trustees for review and approval. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is provided to every Trustee and Officer in October. Every recipient is asked to return a disclosure form that discloses any potential relationships that may represent a conflict of interest and discloses any gifts or loans from entities with which the College has significant business dealings. The form also asks Trustees to acknowledge that they have read the conflict of interest policy and confirm that they have no knowledge of any real of potential violation of the policy and that they will refrain from taking any unfair advantage of any information obtained in their role as Trustee or Officer. Form 990, Part VI, Section B, Line 15 The compensation of the President is reviewed annually by the Executive Committee of the Board of Trustees. As part of this process, the President's compensation is compared to a cohort of similar institutions, the Great Lakes College Association. The result of the deliberations and decisions are documented in the minutes of the Executive Committee meeting and a statement of salary letter sent to the President and Director of Human Resources. The compensation of the College officers is determined annually by the President and compared to the compensation of similarly placed officers of Great Lakes College Association institutions. The officer compensation is submitted to the Executive Committee of the Board of Trustees for review and approval. Form 990, Part VI, Section C, Line 19 Kalamazoo College is organized under Michigan statute MCL Section 390.751 through 390.761. The bylaws and conflict of interest policy are available on request. The financial statements are also available by request, posted on the College's website, and made available in the College library. Form 990, Part XI, Line 9 Change in post retirement health benefit liability Genevieve U Gilmore Endowment For The Arts PNC Bank 113 E Michigan Kalamazoo MI 49007 386470228 Trust FBO Kalamazoo College MI 501(c)(3) Line 12 c Kalamazoo College 1 Dorothy Hinkley Heyl Irrev Charitable Trust PNC Bank 113 E Michigan Kalamazoo MI 49007 386572671 Trust FBO Kalamazoo College MI 501(c)(3) Line 12d Kalamazoo College 1 L Lee Stryker Memorial Trust PNC Bank 113 E Michigan Kalamazoo MI 49007 386385367 Trust FBO Kalamazoo College MI 501(c)(3) Line 12d Kalamazoo College 1 FW & Elsie Heyl Science Scholarship Fund PNC Bank PO Box 94651 Cleveland OH 44101 386194019 Science Grants MI 501(c)(3) Line 12d N/A 0 Great Lakes College Association Inc 535 W William No 301 Ann Arbor MI 48103 381678376 Promote advancement in higher education MI 501(c)(3) 12a N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Genevieve U Gilmore Endowment For The Arts PNC Bank c 97298 Cash Grant Dorothy Hinkley Heyl Irrev Charitable Trust PNC Bank c 146450 Cash Grant L Lee Stryker Memorial Trust PNC Bank c 103402 Cash Grant FW & Elsie Heyl Science Scholarship Fund PNC Bank c 2140151 Cash Grant