2018-04-30T08:06:58-05:00 2016-06-30 420714325 RSM US LLP 1001 LAKESIDE AVE SUITE 200 CLEVELAND OH 441141152 990 2015-07-01 390808497 BELOIT COLLEGE BELO 6083632205 700 COLLEGE ST BELOIT WI 53511 STACIE SCOTT VP, FINANCE & BUDGET/TREASURER 6083632205 2018-04-30 1 ZACHARY FORTSCH P00052725 2165231900 2015 2021-01-29 14:40:06Z X DR H SCOTT BIERMAN 700 COLLEGE ST BELOIT WI 53511 116902771 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. 31 30 1607 218 104841 -8689 85946 12968357 494979 64331872 752626 8338515 318126 416820 1651677 86055564 102000 30514828 0 0 1383298 29269190 0 108000 2267820 899968 22234255 2385266 82126273 -733589 3929291 239597506 233558156 73579760 75021835 166017746 158536321 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 69007771 30514828 64331872 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 "LIBERAL ARTS IN PRACTICE" CURRICULUM THAT ENGAGES STUDENTS IN AN EXPLORATION OF IDEAS, COMPELS STUDENTS TO DEEPLY KNOW THEIR SUBJECTS, AND REQUIRES THEM TO DEMONSTRATE THAT THEY DO. THAT FOCUS, ON PROVIDING A RIGOROUS AND REWARDING EDUCATION AND PREPARATION HAS LONG SET THE COLLEGE AND ITS STUDENTS APART.(SEE SCHEDULE O FOR CONTINUATION)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, 100 PLUS STUDENT CLUBS, 17 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 2015-16 ACADEMIC YEAR, THE COLLEGE SERVED 1,358 STUDENTS, FROM 40 COUNTRIES, 46 STATES, AND THE DISTRICT OF COLUMBIA. COURSES WERE OFFERED IN FALL, SPRING AND SUMMER SESSIONS. EDUCATIONAL SERVICES WERE PROVIDED BOTH DOMESTICALLY AND THROUGH STUDY ABROAD PROGRAMS. THE COLLEGE GRADUATED 293 STUDENTS DURING THE YEAR WHILE PROVIDING FINANCIAL ASSISTANCE TO 98 PERCENT OF DEGREE-SEEKING STUDENTS.ENROLLMENT AND DEVELOPMENT: DURING THE 2015-16 RECRUITMENT CYCLE, THE COLLEGE RECEIVED 3,906 APPLICATIONS TO JOIN THE CLASS OF 2020--A 10 PERCENT INCREASE OVER THE APPLICATION TOTAL FOR THE YEAR PRIOR. THE 396 FIRST-YEAR STUDENTS WHO JOINED THE COLLEGE IN THE FALL OF 2016 COMPRISED THE LARGEST ENTERING CLASS SINCE THE EARLY 1970S, WHEN THE COLLEGE'S THEN YEAR-ROUND CALENDAR REQUIRED AN ELEVATED HEADCOUNT.THIS INCREASED DEMAND FOR BELOIT COINCIDED WITH ANOTHER RECORD YEAR IN SUPPORT FOR THE COLLEGE. OVER THE LAST FIVE YEARS, ANNUAL GIVING TO THE COLLEGE HAS INCREASED FROM $2.3 MILLION TO A HIGH OF $3.8 MILLION WITH DOUBLE-DIGIT INCREASES EACH OF THOSE YEARS. ANNUAL GIVING HAS MOVED TO A MORE SUSTAINABLE GOAL OF $3.4 MILLION IN 2016-17.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: #19 ON THE PRINCETON REVIEW'S LIST OF COLLEGES WITH THE MOST ACCESSIBLE PROFESSORS, #41 ON FORBES MAGAZINE'S "MOST ENTREPRENEURIAL COLLEGES" LIST, AND #59 ON KIPLINGER'S PERSONAL FINANCE MAGAZINE'S LIST OF "BEST COLLEGE VALUES." IN U.S. NEWS AND WORLD REPORT, BELOIT WAS #62 IN THE OVERALL NATIONAL LIBERAL ARTS RANKINGS AND LANDED ON A NUMBER OF OTHER NOTABLE U.S. NEWS LISTS, INCLUDING "MOST INNOVATIVE SCHOOLS," "BEST VALUE SCHOOLS, AND "A-PLUS SCHOOLS FOR B STUDENTS." 69007771 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 173 0 1 1607 1 1 1 1 IT 0 0 0 1 1 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X STACIE SCOTT 6083632250 700 COLLEGE ST BELOIT WI 53511 MR JAMES SANGER CHAIR 1.00 X X 0 0 0 MR CHRISTOPHER BARTOL TRUSTEE 1.00 X 0 0 0 MR WILLIAM BOYD TRUSTEE (UNTIL 12/15) 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 MR PETER CHATILOVICZ TRUSTEE 1.00 X 0 0 0 MR RICHARD CLAYTON TRUSTEE 1.00 X 0 0 0 MR STEVEN COHEN TRUSTEE 1.00 X 0 0 0 MR MICHAEL DOYLE 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 DICK NIEMIEC 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 TRUSTEE 1.00 X 0 0 0 MS MARGARET ROBINSON 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 EUGENE ZELTMANN TRUSTEE 1.00 X 0 0 0 DR H SCOTT BIERMAN PRESIDENT 40.00 X 454296 0 73005 DR ANN DAVIES PROVOST & DEAN OF THE COLLEGE 40.00 X 170872 0 22452 DR CHRISTINA KLAWITTER DEAN OF STUDENTS 40.00 X 124596 0 23069 DR ROBERT MIRABILE VICE PRESIDENT OF ENROLLMENT 40.00 X 216157 0 22171 MS LAURIE STICKELMAIER TREASURER/VP OF FINANCE & PLANNING 40.00 X 209145 0 31524 MS BETH MONTEIRO JD VP OF DEVELOPMENT & ALUMNI RELATIONS 40.00 X 183415 0 29143 MS LORI RHEAD VP OF HUMAN RESOURCES & OPERATIONS 40.00 X 126942 0 23143 MR DANIEL SCHOOFF SECRETARY/CHIEF OF STAFF 40.00 X 118002 0 17947 MR JASON HUGHES CHIEF OF COMMUNICATIONS & MARKETING 40.00 X 132491 0 25504 MR BILL FLANAGAN EXECUTIVE ADVISOR TO THE PRESIDENT 40.00 X 114314 0 17498 DR YAFFA GROSSMAN ASSOCIATE DEAN/PROFESSOR OF BIOLOGY 40.00 X 106317 0 14700 DR RANJAN ROY PROFESSOR OF MATH & COMPUTER SCIENCE 40.00 X 105070 0 20075 DR PAUL STANLEY PROFESSOR OF PHYSICS & ASTRONOMY 40.00 X 103353 0 8919 2164970 0 329150 14 0 1 0 BON APPETIT PO BOX 91337 CHICAGO IL 60693 FOOD SERVICES 3331193 KLOBUCAR CONSTRUCTION 3140 EAST COUNTY ROAD SOUTH BELOIT WI 53511 CONSTRUCTION SERVICES 331412 FURMAN BROTHERS LANDSCAPING 13447 EAST LAKE SHORE ROAD CLINTON WI 53525 MAINTENANCE SERVICES 282221 WHITEBOARD COMMUNICATIONS 30 CLIPPER ROAD WEST CONSHOHOCKEN PA 19428 EDUCATIONAL SERVICES 251600 EBSCO INFORMATION SERVICES 10 ESTES STREET IPSWICH MA 01938 EDUCATIONAL SERVICES 213436 20 21457 1477403 11469497 1738845 12968357 TUITION AND FEES 812900 55646567 55646567 ROOM, BOARD, & OTHER 812900 8685305 8685305 64331872 5768583 -27098 5795681 397 397 33395252 30825320 2569932 2569932 2569932 6232 21457 21887 -15655 -15655 CONFERENCES 721000 131939 131939 300139 300139 432078 86055564 64331872 104841 8650494 28918743 28918743 1596085 1596085 2144913 651703 1250138 243072 82198 82198 20390377 15843365 3361703 1185309 1408983 1085784 233595 89604 3716454 2626660 972002 117792 1526265 1139420 300359 86486 63866 7008 54833 2025 106186 106186 108000 108000 318165 318165 3292417 2193609 1062700 36108 49787 38331 11219 237 1843877 1072525 599588 171764 397231 129191 267217 823 1272 1272 1416630 1416630 1396400 1186404 93813 116183 359864 289220 48784 21860 3092307 3092307 4110979 3019948 1091031 306744 1412 275332 30000 FOOD SERVICE 3451024 3331695 78542 40787 REPAIRS & MAINTENANCE 828948 545734 283214 COLLECTIONS 565742 565742 632816 254983 360063 17770 82126273 69007771 10850682 2267820 237604 290500 2089817 2182758 2959897 2003015 1250985 971709 5309006 5204571 23530 13889 142359 156884 138022757 67745514 71814217 70277243 147856723 135416212 3542556 13206275 12900 12900 4357912 3822200 239597506 233558156 4846236 3400773 1783033 2170454 53785500 53365872 13164991 16084736 73579760 75021835 X 54753704 47481429 26997291 24646220 84266751 86408672 166017746 158536321 239597506 233558156 X 3929291 -9451389 -1959327 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 50000 294312 1 1 722579 X X X 0 145348605 10612177 -3506129 7299424 145155229 154496618 -9148013 145348605 142277624 7116112 11644597 1428798 5112917 154496618 129711883 6825933 13941212 1338607 6862797 142277624 113282605 2651213 19722487 1307842 4436580 129911883 0.33730 0.56310 0.09960 0 0 1907266 1907266 114539610 55216419 59323191 75744 75744 0 8519546 6708941 1810605 12980591 5744410 7236181 70277243 ALTERNATIVE INVESTMENTS 13206275 F 13206275 STUDENT DEPOSITS AND DEFERRED GRANT REVENUE 482895 ASSETS HELD FOR OTHERS 175337 ANNUITIES PAYABLE 3780399 SWAP LIABILITY 9554153 REFUNDABLE ADVANCES 2023852 DEFERRED BENEFIT 68100 16084736 X 46111234 -9451389 21887 -9429502 55540736 30514828 30514828 86055564 53592659 1981214 1981214 51611445 30514828 30514828 82126273 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 OF 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 UNDER INCOME TAXES UNDER SECTION 71.26 OF WISCONSIN STATUTES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 21,887. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 30,514,828. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 21,887. ADJUSTMENTS TO ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 601,250. CHANGE IN FAIR VALUE OF SWAP LIABILITY 1,358,077. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 30,514,828. 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 CENTRAL AMERICA AND THE CARRIBEAN 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 41134 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 63128 EUROPE 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 534864 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 24550 NORTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 8198 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 3532 SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 66803 SOUTH ASIA 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 41045 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES EDUCATIONAL SERVICES 66515 CENTRAL AMERICA AND THE CARRIBEAN 0 0 SCHOLARSHIPS 40020 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIPS 222398 EUROPE 0 0 SCHOLARSHIPS 862376 MIDDLE EAST AND NORTH AFRICA 0 0 SCHOLARSHIPS 110659 NORTH AMERICA 0 0 SCHOLARSHIPS 8000 RUSSIA AND NEIGHBORING STATES 0 0 SCHOLARSHIPS 94089 SOUTH AMERICA 0 0 SCHOLARSHIPS 103400 SOUTH ASIA 0 0 SCHOLARSHIPS 43129 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS 112014 0 0 0 0 0 0 783254 1662600 2445854 SCHOLARSHIP CENTRAL AMERICA AND THE CARRIBEAN 3 40020 SEE PART V SCHOLARSHIP EAST ASIA AND THE PACIFIC 17 222398 SEE PART V SCHOLARSHIP EUROPE 66 862376 SEE PART V SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 5 110659 SEE PART V SCHOLARSHIP NORTH AMERICA 1 8000 SEE PART V SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 4 94089 SEE PART V SCHOLARSHIP SOUTH AMERICA 10 103400 SEE PART V SCHOLARSHIP SOUTH ASIA 3 43129 SEE PART V SCHOLARSHIP SUB-SAHARAN AFRICA 7 112014 SEE PART V 1 0 0 0 0 1 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. X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 CONSULTATION ON PHONATHON 0 412642 108000 0 412642 108000 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC GOLFING EVENT 27689 21457 6232 1501 6380 9811 4195 27689 21457 6232 1501 6380 9811 4195 21887 -15655 1 STUDENT FINANCIAL ASSISTANCE 1252 28918743 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 X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR H SCOTT BIERMAN PRESIDENT 400126 0 54170 0 0 0 26500 0 46505 0 527301 0 0 0 DR ANN DAVIES PROVOST & DEAN OF THE COLLEGE 170872 0 0 0 0 0 17055 0 5397 0 193324 0 0 0 DR ROBERT MIRABILE VICE PRESIDENT OF ENROLLMENT 216157 0 0 0 0 0 10570 0 11601 0 238328 0 0 0 MS LAURIE STICKELMAIER TREASURER/VP OF FINANCE & PLANNING 209145 0 0 0 0 0 21729 0 9795 0 240669 0 0 0 MS BETH MONTEIRO JD VP OF DEVELOPMENT & ALUMNI RELATIONS 183415 0 0 0 0 0 17542 0 11601 0 212558 0 0 0 MS LORI RHEAD VP OF HUMAN RESOURCES & OPERATIONS 126942 0 0 0 0 0 13348 0 9795 0 150085 0 0 0 MR JASON HUGHES CHIEF OF COMMUNICATIONS & MARKETING 132491 0 0 0 0 0 13910 0 11594 0 157995 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: SPOUSAL TRAVEL IS PAID FOR BY THE COLLEGE WHEN THE SPOUSE ASSISTS THE BELOIT COLLEGE EMPLOYEE WITH THE COLLEGE BUSINESS ACTIVITIES IN PERFORMING SPECIFIC DUTIES. THE ONLY SUCH SPOUSAL TRAVEL, A NONTAXABLE BENEFIT, PAID FOR BY THE COLLEGE WAS THAT OF THE PRESIDENT'S SPOUSE IN THE AMOUNT OF $1,368. ALL EXPENDITURES MADE BY THE COLLEGE FOR TRAVEL OF THE SPOUSE WERE ATTRIBUTABLE TO SPECIFIC DUTIES IN THE FURTHERANCE OF THE MISSION OF THE COLLEGE. DISCRETIONARY SPENDING ACCOUNT: THE PRESIDENT HAS A NON-TAXABLE DISCRETIONARY SPENDING ACCOUNT OF $14,000. 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 THE HOUSING ALLOWANCE IS $22,710. A WISC HEALTH & EDUCATIONAL FACILITIES AUTHORITIES 391337855 97710BTF9 2010-04-28 28394743 REFINANCE OF 2007 SERIES BOND 1 1 0 B WISC HEALTH & EDUCATIONAL FACILITIES AUTHORITIES 391337855 NONEAVAIL 2014-05-09 29775000 CURRENT REFUND BONDS ISSUED APRIL 28, 2010 0 0 0 A 4034743 28394743 400960 1790735 26203048 2010 1 0 1 1 B 601662 29775500 75500 29700000 2014 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 1 0 CHASE BANK 21.980000000000 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WISC. HEALTH & EDUCATIONAL FACILITIES AUTHORITIES DATE THE REBATE COMPUTATION WAS PERFORMED: 04/28/2015 DIANE HENDRICKS TRUSTEE 82198 SEE PART VCORPORATE CONTRACTORS INC. (CCI) RECEIVED $82,198 FOR CONSTRUCTION PROJECTS ON CAMPUS. CCI IS OWNED BY HENDRICKS HOLDINGS, WHICH IS OWNED BY DIANE HENDRICKS. 0 X 26 0 NO VALUE ASSIGNED X 0 NO VALUE ASSIGNED X 0 NO VALUE ASSIGNED X 62 1738845 FAIR MARKET VALUE X 5 0 NO VALUE ASSIGNED X 64 0 NO VALUE ASSIGNED X 24 0 NO VALUE ASSIGNED X GRANITE BOULDER 1 0 NO VALUE ASSIGNED 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. PART I, LINE 33: THE COLLEGE, AS A MATTER OF ACCOUNTING POLICY, DOES NOT RECORD REVENUE FOR WORKS OF ART ADDED TO ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116. FURTHERMORE, ITEMS USED AS PROPS IN THE COLLEGE'S THEATER PROGRAM AND USED BOOKS DONATED TO THE COLLEGE'S LIBRARY ARE NOT REPORTED AS REVENUE FOR FINANCIAL STATEMENT PURPOSES. FORM 990, PART VI, SECTION B, LINE 11 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 MAY AUDIT COMMITTEE MEETING. THE MAY 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 5 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 PAYMENT -601,250. CHANGE IN FAIR VALUE OF SWAP LIABILITY -1,358,077.