2018-03-30T11:21:35-05:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 777 E Wisconsin Avenue Floor 32 Milwaukee WI 53202 990 2016-07-01 370661496 Carthage College CART 2625518500 2001 Alford Park Dr Kenosha WI 53140 Randall K Barfield CFO, VP and Treasurer 2625518500 2018-03-29 1 Troy E Marine CPA P00187863 4147775500 99.47.236.119 2018-03-29 11:36:17 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 51E0EEA151B1858D65DA1F6874E2176CE8260246 2016 2021-01-29 14:40:06Z John R Swallow 2001 Alford Park Dr Kenosha WI 53140 188906468 0 X www.carthage.edu X 1847 WI CARTHAGE IS A SCHOOL OF LIBERAL ARTS AND SCIENCES PROVIDING STUDENTS WITH A COLLEGE EDUCATION. CARTHAGE IS AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH OF AMERICA. 25 25 2224 25 1144305 0 5398579 19763653 124987493 131190816 2025094 3809220 9102 -18131 132420268 154745558 53011707 59356562 0 0 43689251 43095728 86967 0 1350488 33376663 32743760 130164588 135196050 2255680 19549508 282887301 322747895 61169857 70264037 221717444 252483858 X Seeking truth, building strength, inspiring service - together 0 0 33092512 108914415 INSTRUCTION: Carthage College awards the bachelor of arts degrees with majors in more than 40 subject areas and the master of education degree. Carthage also hosts a joint master of social work degree awarded by Loyola University. The 2016-2017 academic year enrollment was 2,677 full time equivalent (FTE) students in the fall semester and 2,548 FTE students enrolled in the spring semester. Of the total number of students enrolled in 2016-2017 academic year, 610 met the undergraduate requirements of graduation and 25 met the graduate requirements for the masters in education. 69410958 59356562 919734 STUDENT SERVICES: Carthage boasts a long-standing commitment to educating the whole person by nourishing the intellectual, spiritual, emotional, social and physical dimensions of students' lives. The college offers a curriculum that challenges students to think critically and express themselves effectively, a campus life that encourages involvement and service (over 90 student organizations), a community of faith that nurtures spiritual growth and develops moral responsibility, and co-curricular activities that inspire students to test their own limits and express their individuality. The award winning state-of-the-art Hedberg Library unites books, periodicals, academic computing, network data ports and multimedia resources. 12939132 20212362 Auxiliary enterprises at Carthage College are comprised of 13 residence halls on campus, 9 dining venues, and a bookstore for students, faculty and staff. Of the total student body, 63.76% of enrolled students lived on-campus and participated in the resident student board plan. 1,707 students resided in campus housing durng the 2016-2017 academic year. 187391 Public service events consist of music and/or comedy concerts, business coalition lunches and family fun nights which provide entertainment/activities that are open to the general public. Different events are open to the general public. Different events are held throughout the entire academic year. 187391 115629993 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 6271 0 1 2224 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 WI X Randall K Barfield 2625516526 2001 ALFORD PARK DRIVE KENOSHA WI 53140 Patrick N Anderson Trustee 1.00 X 0 0 0 Mary Bishop Trustee 1.00 X 0 0 0 Thomas M Bolger Trustee 1.00 X 0 0 0 David A Straz Jr Trustee, Chair 1.00 X X 0 0 0 Lucy Brown Minn Trustee 1.00 X 0 0 0 Richard M Christman Trustee 1.00 X 0 0 0 Gina Madrigano Friebus Trustee, Second Vice Chair 1.00 X 0 0 0 The Reverend Dr Paul D Erickson Trustee 1.00 X 0 0 0 H Jeffrey Hamar Trustee, First Vice Chair 1.00 X 0 0 0 Hoyt H Harper II Trustee 1.00 X 0 0 0 Christine A Hobbs Trustee 1.00 X 0 0 0 Steven J Hopp Trustee 1.00 X 0 0 0 Thomas J Kelley III Trustee 1.00 X 0 0 0 Thomas E Kieso Trustee 1.00 X 0 0 0 William R Madden Trustee 1.00 X 0 0 0 Tom Martinez Trustee 1.00 X 0 0 0 The Reverend Wayne N Miller Trustee 1.00 X 0 0 0 Dennis L Monroe Trustee 1.00 X 0 0 0 Andrew S Palmen Trustee 1.00 X 0 0 0 Nicholas T Pinchuk Trustee 1.00 X 0 0 0 Loren H Semler Trustee 1.00 X 0 0 0 John R Sladek Jr Trustee 1.00 X 0 0 0 Dave Wiers Trustee 1.00 X 0 0 0 Gary Wilson Trustee 1.00 X 0 0 0 Gregory S Woodward President 40.00 X 362311 0 34438 William Abt Senior Investment Officer 40.00 X 143357 0 34471 Paul Hegland Secretary 40.00 X 114886 0 36521 Randy Barfield CFO, Treasurer 40.00 X 204076 0 18847 David Garcia Provost & VP Academic Affairs 40.00 X 195369 0 37129 Thomas Kline VP Strategic Initiatives 40.00 X 175557 0 13223 Kurt Piepenburg Professor 40.00 X 160757 0 16235 Evelyn Buchanan Vice President Advancement 40.00 X 199056 0 26744 Molly O'Shea Polk VP Communications 40.00 X 161585 0 16340 Todd Kelley VP Library and Technology 40.00 X 246925 0 12862 Gregory Campbell Former President 40.00 X 367848 0 0 2331727 0 246810 48 1 1 0 sodexo inc PO Box 360170 Pittsburgh PA 152516170 food service 6371871 Camosy Construction Co Inc 12795 120th Avenue Kenosha WI 531427326 General Contractor 1912600 Workshop Architects Inc 201 E Pittsburgh Avenue Suite 301 Milwaukee WI 53204 Architects 933172 John Keno & Company Inc 8608 W Catalpa Avenue Suite 808 Chicago IL 60656 General Contractor 627742 Universal Protection Service LP 1551 N Tustin Avenue Santa Ana CA 92705 Security 531717 24 99231 1507541 18156881 5210109 19763653 TUITION AND FEES 611710 108914415 108914415 AUX. ENTERPRISE 611710 21356667 20212362 1144305 Athletic Dept. Income 611710 697017 697017 Other Student Services 611710 222717 222717 131190816 2463309 2463309 35442309 34096398 1345911 1345911 1345911 46381 99231 64512 -18131 -18131 154745558 130046511 1144305 3791089 59356562 59356562 1181403 876604 282757 22042 30477964 22614719 7294596 568649 2245368 1666069 537406 41893 7101656 5269445 1699711 132500 2089337 1550293 500062 38982 108482 80494 25964 2024 86851 64444 20787 1620 64031 64031 6282392 4668619 1505908 107865 244525 181438 58525 4562 7024310 5212054 1681198 131058 1349207 1001115 322919 25173 4472436 3318558 1070433 83445 2023398 1501366 484280 37752 378578 280906 90609 7063 896309 665063 214523 16723 6163413 4573267 1475151 114995 757952 562402 181408 14142 General Institutional 2891876 2186575 705301 0 135196050 115629993 18215569 1350488 8125139 33261217 2834982 683876 5810010 5965695 2345890 2528246 494410 667619 242919185 83905133 159402012 159014052 89463074 119234212 13795099 675758 616685 717220 282887301 322747895 6757752 6970258 2472343 2467546 8762829 2411479 40250000 55250000 885846 740368 2041087 2424386 61169857 70264037 X 159187975 164588349 28454900 53559477 34074569 34336032 221717444 252483858 282887301 322747895 X 19549508 11450393 -233487 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 233949 X X X X 0 85439746 6312494 14958952 -63455 106774647 84390973 883026 92667 -73080 85439746 80813222 920867 2644834 -12050 84390973 64440221 1909584 14420617 -42800 80813222 54662594 289978 9420926 -66723 64440221 0.30280 0.38370 0.31350 0 0 763535 763535 160394024 36438021 123956003 15640977 4802505 10838472 62325724 42262648 20063076 3794925 401959 3392966 159014052 ANNUITIES PAYABLE 1776539 DEPOSITS HELD IN CUSTODY FOR OTHERS 463825 ASSET RETIREMENT OBLIGATION 184022 2424386 X 106606383 11450393 -168975 11281418 95324965 64031 59356562 59420593 154745558 75839969 64512 64512 75775457 64031 59356562 59420593 135196050 Part III, Line 4: THE COLLECTION RELATES TO ITEMS FROM THE CIVIL WAR AND IS USED PRIMARILY FOR EDUCATIONAL PURPOSES. Part V, Line 4: The endowment funds are used to fund scholarships, educational projects, and other various purposes. Part X, Line 2: 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 and state authorities. Part XI, Line 2d - Other Adjustments: Fundraising Expenses 64,512. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -233,487. Part XI, Line 4b - Other Adjustments: Scholarships and grants to students 59,356,562. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 64,512. Part XII, Line 4b - Other Adjustments: Scholarships and grants to students 59,356,562. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 THE COLLEGE PUBLISHES ITS NONDISCRIMINATORY POLICY IN THE KENOSHA DAILY NEWS AND RACINE JOURNAL TIMES AT VARIOUS POINTS THROUGHOUT THE YEAR. THE COLLEGE FOLLOWS A NONDISCRIMINATORY POLICY REGARDING ALL PROGRAMS. ENROLLMENT OF STUDENTS IS WITHOUT DISCRIMINATION AS TO RACE, RELIGION, SEX, COLOR, OR NATIONAL ORIGIN AND IS PUBLISHED IN THE COLLEGE'S CATALOG AND RECRUITING INFORMATION. RECRUITMENT PROCEDURES ARE DESIGNED AND CARRIED OUT TO REACH ALL RACIAL SEGMENTS IN THE GEOGRAPHIC AREA SERVED. Schedule E, Part I, Line 6 THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE PERKINS STUDENT LOAN PROGRAM, FEDERAL WORK STUDY PROGRAM, PELL GRANT PROGRAM, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. STUDENTS ATTENDING CARTHAGE COLLEGE ALSO RECEIVE FINANCIAL ASSISTANCE FROM THE STATE OF WISCONSIN. X X X X X X X 1 Bentz Whaley Flessner PO Box 718 Des Moines IA 503030718 Consulting on gift programs 0 0 5625 0 Plus Delta Partners 6965 El Camino Real Suite 105-488 Carlsbad CA 92009 Staff Training 0 0 30373 0 35998 WI Red Men/Lady Reds Golf 145612 99231 46381 5000 7061 16039 36412 145612 99231 46381 5000 7061 16039 36412 64512 -18131 1 Scholarships and grants provided as financial aid to students 2794 59356562 Part I, Line 2: Carthage College offers scholarships and grants to qualified students to help reduce their out-of-pocket tuition costs. Students receiving financial assistance of this form must meet specific criteria such as academic achievement, financial need and other similar standards whether put in place by the College or by donors of restricted funds. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Gregory S Woodward President 362311 0 0 0 0 0 26500 0 7938 0 396749 0 0 0 William Abt Senior Investment Officer 143357 0 0 0 0 0 14947 0 19524 0 177828 0 0 0 Paul Hegland Secretary 114886 0 0 0 0 0 12443 0 24078 0 151407 0 0 0 Randy Barfield CFO, Treasurer 204076 0 0 0 0 0 0 0 18847 0 222923 0 0 0 David Garcia Provost & VP Academic Affairs 195369 0 0 0 0 0 15717 0 21412 0 232498 0 0 0 Thomas Kline VP Strategic Initiatives 175557 0 0 0 0 0 12880 0 343 0 188780 0 0 0 Kurt Piepenburg Professor 160757 0 0 0 0 0 15895 0 340 0 176992 0 0 0 Evelyn Buchanan Vice President Advancement 199056 0 0 0 0 0 17445 0 9299 0 225800 0 0 0 Molly O'Shea Polk VP Communications 161585 0 0 0 0 0 16000 0 340 0 177925 0 0 0 Todd Kelley VP Library and Technology 246925 0 0 0 0 0 12506 0 356 0 259787 0 0 0 Gregory Campbell Former President 367848 0 0 0 0 0 0 0 0 0 367848 0 0 0 Part I, Line 4b There are three 457F plans funded by the organization. For fiscal year 6/30/17, the total college contributions and withdrawals from the plans were as follows: Gregory Campbell - $0 contributed, $320,000 withdrawn Willam Abt - $8,615 contributed, $0 withdrawn Gregory Woodward - $0 contributed, $0 withdrawn A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES 391337855 2013-11-14 42500000 Financing of Science Center 0 0 0 B Wisconsin Health and Educational Facilities 391337855 2015-04-30 10250000 Redeemed the 1995 Bonds and Refunded the 1999 Series A Bonds 0 0 0 A 20000000 20000000 0 0 1 1 B 10250000 10250000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 Johnson Bank (Thomas Bolger) President and CEO of Johnson Bank is a trustee of the organization 5000 Johnson Bank is the organization's primary bank, which includes an open line of credit. 0 X 500 Fair Market Value X 10 5103796 Stock Prices X 2 48000 FAIR Market Value X 1 43567 Fair Market Value X Other 23 8867 FAIR MARKET VALUE X Piano 1 2500 FAIR MARKET VALUE X Tickets 5 2339 FAIR MARKET VALUE X Gift Certificates 39 540 0 0 1 0 Part I, Line 33: THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. Form 990, Part VI, Section A, line 1 The executive committee is comprised of 8 members of the board of trustees, the College President, Treasurer and attorney. Form 990, Part VI, Section A, line 2 H. Jeffrey Hamar, Trustee and Thomas M. Bolger, Trustee Family Relationship Form 990, Part VI, Section B, line 11b THE AUDIT COMMITTEE HAS BEEN GIVEN THE AUTHORITY TO REVIEW AND APPROVE THE FORM 990. Form 990, Part VI, Section B, line 12c ALL EMPLOYEES AND BOARD OF TRUSTEES ARE COVERED BY THE CONFLICT OF INTEREST POLICY. THE COLLEGE ATTORNEY DETERMINES AS TO WHETHER POSSIBLE CONFLICTS EXIST AND INFORMS THE CONTROLLER AND CFO OF SUCH POTENTIAL CONFLICTS. NO CONFLICTS HAVE ARISEN TO DATE. Form 990, Part VI, Section B, line 15 COMPENSATION IS REVIEWED AND APPROVED BY THE CARTHAGE COLLEGE EXECUTIVE COMMITTEE. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES, THE COLLEGE ATTORNEY AND THE COLLEGE PRESIDENT AND TREASURER. THIS REVIEW IS PERFORMED ANNUALLY BY THE COMMITTEE AND DONE FOR ALL OFFICERS OF THE COLLEGE. Form 990, Part VI, Section C, line 19 THE CARTHAGE COLLEGE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE INTERNAL DOCUMENTS AND ARE NOT MADE AVAILABLE TO THE PUBLIC. Form 990, Part XI, line 9: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -233,487. Form 990, Part XII, Line 2C: Neither the oversight process of the audit nor the selection process of the independent accountant changed during the tax year. CHARITABLE REMAINDER ANNUITY TRUSTS (148) Charitable trust WI N/A T 0 Charitable Remainder UNitrust (6) Charitable trust WI N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0