2018-05-14T09:52:09-05:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 777 E Wisconsin Avenue 32nd Floor Milwaukee WI 53202 990 2016-07-01 390826049 Ripon College RIPO 9207488108 PO Box 248 Ripon WI 54971 Karl Solibakke VP for Finance 9207488108 2018-05-02 1 Troy E Marine CPA P00187863 4147775500 2018-05-02 2016 2022-09-23 18:48:47Z Zachariah P Messitte 300 Seward Street Ripon WI 54971 65033733 0 X www.ripon.edu X 1851 WI Ripon College's rigorous liberal arts & sciences curriculum & active residential campus prepares students of diverse interest for lives as productive socially responsible citizens. 35 34 753 231 244928 154200 12472970 6667197 33738992 34467908 4643999 5194111 406530 327434 51262491 46656650 15133777 16006928 0 0 14427726 14220045 0 0 1435266 14508620 14653509 44070123 44880482 7192368 1776168 136885778 158392774 30720136 45434458 106165642 112958316 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 39381311 16006928 34574474 Ripon College, an accredited private institution, provides a four-year degree program in the liberal arts. This educational program benefits more than 750 full time equivalent students. 39381311 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 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1120 0 1 753 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 34 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X Karl Solibakke 9207488108 300 SEWARD STREET RIPON WI 54971 Thomas W Abendroth Trustee/Secretary 1.00 X X 0 0 0 Thomas Broman Trustee 1.00 X 0 0 0 Doreen Conforti Chemerow Trustee/Vice Chair 1.00 X X 0 0 0 James R Clark Trustee 1.00 X 0 0 0 Scott L Dicks 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 Stephanie Greene Trustee 1.00 X 0 0 0 David G Hartman Trustee 1.00 X 0 0 0 Marcus D Hoffman 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 Robb Kahl Trustee 1.00 X 0 0 0 Samantha Kay Trustee 1.00 X 0 0 0 Robert J Kirkland Trustee/Past Chair 1.00 X X 0 0 0 Martin Lindsay Trustee 1.00 X 0 0 0 William C MacLeod Trustee 1.00 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 250344 0 69497 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 Perry H Robinson Trustee 1.00 X 0 0 0 Matthew T Schultz 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 Scott Spiller 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 Mark J Wright Trustee 1.00 X 0 0 0 George Zornada Trustee 1.00 X 0 0 0 Karl Solibakke VP for Finance and Asst Treasurer 1.00 X 84373 0 8830 Ed Wingenbach Dean of Faculty 40.00 X 141250 0 30441 Melissa Anderson VP for Marketing 40.00 X 126758 0 15656 Jennifer L Machacek VP for Enrollment 40.00 X 142150 0 30486 Chris Ogle VP & Dean of Students 40.00 X 131596 0 25603 876471 0 180513 5 0 1 0 Sodexo PO Box 536922 Atlanta WI 30353 Food & Housekeeping 3850502 The Boldt Company Bin 88285 Milwaukee WI 53288 Construction of Wilmore Center 133265 Lamers Bus Lines 2407 S Point Road Green Bay WI 543135498 Bus Services 122493 Reinhart Boerner Van Deuren SC PO Box 2965 Milwaukee WI 532012965 Legal Services 111134 Ripon Medical Center 845 Parkside St Ripon WI 54971 Athletic Trainer/Nurse 106877 5 15620 1642736 5008841 1137162 6667197 Tuition & Fees 812900 28858881 28858881 Auxiliary Enterprises 812900 5609027 5609027 34467908 1186092 -81039 1267131 4604 4604 19890 0 19890 19890 19890 22353454 5472 18325067 25840 4028387 -20368 4008019 225981 3782038 28273 15620 26176 2097 2097 Miscellaneous 812900 193388 106566 86822 Summer Camp/Conferences 721000 107455 99986 7469 300843 46656650 34574474 244928 5170051 16006928 16006928 403461 281628 121833 10322303 8634425 956765 731113 485798 391868 56692 37238 2273347 1508216 636136 128995 735136 594085 79024 62027 55294 8820 46474 94060 94060 86250 86250 2941283 2442196 421061 78026 160984 11810 149174 1118578 860908 185361 72309 389844 380669 2968 6207 1426742 1337856 88886 667841 511457 65103 91281 227603 97732 113598 16273 694357 683006 9981 1370 1553256 1228720 324536 209070 186486 22584 Food service contract 1844131 1844131 All other Expenses 1426609 1032155 306110 88344 Repairs & Maintenance 766724 736079 30645 Promotions & Awards 703412 642293 60869 250 287471 241471 46000 44880482 39381311 4063905 1435266 234524 818006 4992105 3850832 8520889 6049614 843859 1583836 2777151 2764106 140419 133533 85700615 33471188 34150470 52229427 74202412 41013131 38136459 11023949 11813830 136885778 158392774 1727951 3227040 2686057 2721786 142810 157886 23060535 36298471 3102783 3029275 30720136 45434458 X 11285120 13981742 19304722 22404632 75575800 76571942 106165642 112958316 136885778 158392774 X 1776168 4123457 893049 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1072685 X X X 0 84742107 285747 9902644 4335326 90595172 82265555 5900476 -1978861 4445063 81742107 84583810 4725430 247257 4290942 85265555 73286802 2923694 12489695 4116381 84583810 65493748 2296488 7989793 2493227 73286802 0.02380 0.84500 0.13120 1 0 560766 560766 58351701 27911296 30440405 6861482 5559892 1301590 19926666 19926666 52229427 Alternative Investments 38136459 F 38136459 Cash Surrender Value - Life Insurance 1554474 Unamortized debt issuance costs net of accumulated amortization 427708 Beneficial Interests in trusts 8758963 Works of art 1072685 11813830 Annuities Payable 333705 accrued postretirement benefit 1894440 Conditional asset retirement obligation 801130 3029275 X 35744943 4123457 971764 5095221 30649722 16006928 16006928 46656650 28952269 78715 78715 28873554 16006928 16006928 44880482 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, 2017 and 2016. 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 47,764. Changes in split-interest agreements 92,484. Changes in value of beneficial interest in perpetual trusts held by others 752,801. Fundraising Expenses 26,176. Interdepartmental charges for vehicles and photocopying 52,539. Part XI, Line 4b - Other Adjustments: Scholarships and grants 16,006,928. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 26,176. Interdepartmental charges for vehicles and photocopying 52,539. Part XII, Line 4b - Other Adjustments: Scholarships and grants 16,006,928. 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 0 0 investment 4141214 0 0 0 0 0 0 4141214 0 4141214 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 43893 15620 28273 18680 7496 43893 15620 28273 18680 7496 26176 2097 1 Various 752 13450127 Endowed Scholarships 450 2556801 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 246507 0 0 0 3837 0 12840 0 56657 0 319841 0 0 0 Ed Wingenbach Dean of Faculty 141250 0 0 0 0 0 7467 0 22974 0 171691 0 0 0 Jennifer L Machacek VP for Enrollment 142150 0 0 0 0 0 7512 0 22974 0 172636 0 0 0 Chris Ogle VP & Dean of Students 131596 0 0 0 0 0 6896 0 18707 0 157199 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 2017, 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. X 45 1024020 Fair Market Value X Plumbing Fixtures for renovation 1 101063 fair market value X Student Events 3 7511 Cost/Selling Price X Fundraising Events 7 4567 Cost/Selling Price 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 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 Baord, 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 47,764. Change in value of split-interest agreement 92,484. Change in Value of beneficial interest in perpetual trusts held by others 752,801. Pooled Income Funds (1) Support WI Ripon College 1 Perpetual Trusts (3) Support WI Ripon College 1 Charitable Gift Annuities (12) 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