2017-01-11T18:09:20-07:00 2016-05-31 990 2015-06-01 420680389 SIMPSON COLLEGE SIMP 5159611512 701 N C St Indianola IA 50125 Ken Birkenholtz Vice Pres. for Business & Finance 5159611512 2017-01-12 2015 2021-01-29 14:40:06Z Jay K Simmons 701 N C St Indianola IA 50125 80341829 0 X X 1860 IA Simpson College is an independent, selective, church-related, comprehensive liberal arts college dedicated to excellence in higher education. The Simpson College community is equally committed to: Promoting integrative learning that enables students of all ages to develop intellectual and practical skills; Nurturing values which foster personal worth and individuality within a creative, diverse and just community; Graduating students who continue to grow as free, responsible and fulfilled individuals in the world of family, work, service and scholarship; Drawing up our relationship with the United Methodist Church and our religious traditions that guide us on issues of personal integrity, moral responsibility, social justice and global citizenship. 42 41 1494 0 30189 0 2705381 2955955 55130734 56113036 5278908 2711310 694555 674884 63809578 62455185 22847155 23744616 0 0 22311424 22277725 0 0 1251153 17650707 18113520 62809286 64135861 1000292 -1680676 160918095 152057967 40690856 39725646 120227239 112332321 Simpson College is an independent, selective, church-related, comprehensive liberal arts college dedicated to excellence in higher education. The Simpson College community is equally committed to: Promoting integrative learning that enables students of all ages to develop intellectual and practical skills; Nurturing values which foster personal worth and individuality within a creative, diverse, and just community; Graduating students who continue to grow as free, responsible and fulfilled individuals in the world of family, work, service, and scholarship; Drawing upon our relationship with the United Methodist Church and our religious traditions that guide us on issues of personal integrity, moral responsibility, social justice and global citizenship. 0 0 23744616 23744616 0 Scholarship Programs: Scholarships and grants to students. (1,328 students) 17541432 0 0 Higher Education Instruction: Instruction and academic support was provided to full and part-time students (1,690 students) 9464525 0 0 Student Services Programs: Student Services, including student development, academic and career counseling, college chaplain, intercollegiate athletics, financial assistance and other services, was provided to full and part-time students. (1,690 students) 7405341 0 0 Student Services Auxiliary Enterprises: Auxiliary enterprises including housing, food services and conferencing facilities available for student use. (1,690 students) 7405341 0 0 58155914 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2059 0 1 1494 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 42 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Ken Birkenholtz 5159611512 701 N C Street Indianola IA 50125 Jay R Byers Trustee 0.5 0 X 0 0 0 Mary Sconiers Chapman Trustee 0.5 0 X 0 0 0 Nicole L Crain Trustee 0.5 0 X 0 0 0 Michael DeVito Trustee 0.5 0 X 0 0 0 D Robert Downing Trustee 0.5 0 X 0 0 0 Steven C Fiterman Trustee 0.5 0 X 0 0 0 Ben F Gaumer Trustee 0.5 0 X 0 0 0 Jared D Gillespie Trustee 0.5 0 X 0 0 0 Darrell J Goodhue Trustee 0.5 0 X 0 0 0 Denise M Griffey Trustee 0.5 0 X 0 0 0 Joseph D Hall Trustee 0.5 0 X 0 0 0 Terry W Handley Trustee 0.5 0 X 0 0 0 Jordan B Hansell Trustee, Treasurer 0.5 0 X X 0 0 0 Mark L Hill Trustee 0.5 0 X 0 0 0 Steven G Johnson Trustee 0.5 0 X 0 0 0 Sean M Kennedy Trustee 0.5 0 X 0 0 0 Gage A Kent Trustee 0.5 0 X 0 0 0 Linda W Koehn Trustee 0.5 0 X 0 0 0 Terrance J Lillis Trustee, Secretary 0.5 0 X X 0 0 0 Barbara A Miller Trustee 0.5 0 X 0 0 0 Mark C Miller Trustee 0.5 0 X 0 0 0 Alejandro Munoz Trustee 0.5 0 X 0 0 0 Owen J Newlin Trustee 0.5 0 X 0 0 0 Nile D Ramsbottom Trustee 0.5 0 X 0 0 0 Lauren Rasmussen Trustee 0.5 0 X 0 0 0 Sunnie Richer Trustee, Board Chair 0.5 0 X X 0 0 0 Robert G Riley Jr Trustee 0.5 0 X 0 0 0 Gary L Ruble Trustee 0.5 0 X 0 0 0 Michael A Sadler Trustee 0.5 0 X 0 0 0 J Ann Selzer Trustee 0.5 0 X 0 0 0 Thomas C Shandley Trustee 0.5 0 X 0 0 0 James C Spooner Trustee 0.5 0 X 0 0 0 Deanna Strable-Soethout Trustee 0.5 0 X 0 0 0 Dustin L Thomas Trustee 0.5 0 X 0 0 0 Julius C Trimble Trustee 0.5 0 X 0 0 0 Kirk J Tyler Trustee 0.5 0 X 0 0 0 Thomas N Urban Trustee 0.5 0 X 0 0 0 Philip J Webb Trustee 0.5 0 X 0 0 0 David A Weesner Trustee 0.5 0 X 0 0 0 Richard M Willis Trustee 0.5 0 X 0 0 0 Sumner Worth Trustee 0.5 0 X 0 0 0 Jay K Simmons President 40 0 X 223481 0 60889 Kenneth I Birkenholtz Vice President for Business & Finance 40 0 X 153703 0 95615 Steven J Griffith Vice President and Dean for Academic Affairs 40 0 X 132703 0 20818 Robert J Lane Vice President for College Advancement 40 0 X 148913 0 21498 Kelley L Bradder Vice President for Information Services 40 0 X 115918 0 15397 Deborah J Tierney Vice President for Enrollment 40 0 X 113214 0 14555 Christopher J Goodale Asst VP for College Advancement 40 0 X 105248 0 18933 Fred O Jones Professor of Sociology 40 0 X 104947 0 18798 1098127 0 266503 8 0 1 0 Chartwells Dining Services PO Box 91337 Chicago IL 606931337 Food Services 2176934 Sodexo Inc Affiliates 4880 Paysphere Circle Chicago IL 60674 Facilities Services 2048437 Ellucian Inc 62814 Collections Center Dr Chicago IL 60693 Information Technology Services 598042 Garner Printing 1697 NE 53rd Ave Des Moines IA 50313 Printing Services 367489 Air-Con Mechanical Corporation 1415 SE Pleasant View Dr Des Moines IA 50320 Mechanical Services 225278 9 0 0 34167 0 716418 2205370 272732 2955955 Tuition and Fees 611310 47372477 47372477 0 0 Residence Halls 721310 4488340 4488340 0 0 Food Service 722210 3745168 3745168 0 0 Conference Program 721000 453402 453402 0 0 Bookstore 451211 53649 53649 0 0 0 0 0 0 56113036 1176234 0 6702 1169532 28 0 0 28 5930 0 0 5930 180444 0 110019 0 70425 0 70425 0 0 70425 19281196 0 17746148 0 1535048 0 1535048 1535048 0 0 35904 34167 30477 5427 0 5427 0 0 0 0 0 0 0 0 0 0 0 0 Finance Charges 611310 108170 108170 0 0 Administraive Cost Reimbursements 611310 52426 52426 0 0 Parking Fees 812930 153205 153205 0 0 279301 255814 23487 0 593102 62455185 58217699 30189 1251342 0 0 23744616 23744616 0 0 0 0 578648 152844 425804 0 0 0 0 0 15984934 13553274 1760526 671134 635462 550264 54341 30857 3930321 3308161 438840 183320 1148360 961768 133466 53126 0 0 0 0 31948 0 31948 0 66150 0 66150 0 0 0 0 0 0 0 100000 0 100000 0 0 0 0 0 367091 159424 207667 0 1476152 1053052 351887 71213 744765 377978 365615 1172 0 0 0 0 3169270 2988108 181162 0 816414 662780 106860 46774 0 0 0 0 0 0 0 0 792093 735113 54701 2279 0 0 0 0 3499214 3318539 168853 11822 0 0 0 0 Contracted Services 4170760 4139707 31053 0 Athletic Teams 739131 739131 0 0 Membership 182198 8098 174100 0 1958334 1703057 75821 179456 64135861 58155914 4728794 1251153 94734 118900 5270280 7244945 1493834 1285346 1343044 1778579 0 0 0 0 0 0 0 0 1410887 1409020 120033486 58292574 64564604 61740912 45531671 47079868 38105226 28180632 3103815 3219765 0 0 0 0 160918095 152057967 7600576 7265907 0 0 0 0 25502989 25022486 0 0 0 0 3524981 3285145 150000 75000 3912310 4077108 40690856 39725646 X 42256826 40175130 25658341 19251911 52312072 52905280 120227239 112332321 160918095 152057967 -1680676 -6214242 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 2219 0 0 0 2219 0 Schedule C, Part II-B, Line 1 Simpson College is a member of the Iowa Association of Independent Colleges and Universities (IAICU). As calculated by IAICU, twelve percent of the 2015-2016 dues paid by the College are attributed to lobbying expenditures incurred by the organization. 0 117140 0 0 X 0 86006393 363249 -3142638 1790932 1513058 100000 79823014 85363062 250748 3673929 1780471 1400875 100000 86006393 78609361 780603 8874583 1469165 1332320 100000 85363062 69166031 1824599 10411843 1467069 1226043 100000 78609361 73035697 162107 -1121618 1495296 1314859 100000 69166031 0.14 0.65 0.21 1 0 574111 2117066 2691177 958103 99318471 44860290 55416284 0 764355 323070 441285 0 16122024 13013583 3108441 119537 59819 95631 83725 61740912 0 F 0 F Interest in Common Trust Funds 2769671 F Interest in Small Cap Equity Funds 5829770 F Interest in Fixed Income Funds 1509374 F Interest in Private Equity Partnerships 3764973 F Interest in Hedge Funds 10364197 F Interest in Real Estate Investment Trusts 237464 F Benefits Interest in Trusts 3300926 F Cash Surrender Value of Life Insurance 397907 F Other 6350 F 28180632 0 Student, Personnel and Sundry Deposits 913656 Interest Rate Swap Agreements 758594 U.S. Government Loan Funds Refundable 2404858 4077108 32496327 -6214242 0 0 0 -6214242 38710569 0 23744616 23744616 62455185 40391245 0 0 0 0 0 40391245 0 23744616 23744616 64135861 Schedule D, Part III, Line 4 The College maintains various artworks utilized primarily for the preservation of the heritage of the Collge and general public observation. Schedule D, Part V, Line 4 The Simpson College endowment is intended to support the College's students by providing scholarships and loan funds and the endowment is intended to support the College by providing support for operations and facilities. Schedule D, Part XI, Line 4b Student aid is netted against tuition and fees in the audited financial statements. Schedule D, Part XII, Line 4b Student aid is netted against tuition and fees in the audited financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 College publications to students, alumni, and friends of the College include a statement of the College's racially nondiscriminatory policy. Schedule E, Part I, Line 6 The College receives student financial aid under Title IV and other assistance from the Federal government and from the State of Iowa. A significant portion of this assistance is "pass through" to qualifying students. Central America and the Caribbean 0 0 Program Services Student May Term course travel 155542 East Asia and the Pacific 0 0 Program Services Student semester abroad or May Term course travel 131584 Europe (including Iceland and Greenland) 0 0 Program Services Student semester abroad or May Term course travel 178447 Middle East and North Africa 0 0 Program Services Student May Term course travel 4346 0 0 469919 0 0 0 0 0 0 Athletic Golf Outing 70071 34167 35904 0 6418 6315 7413 795 9536 0 0 70071 34167 35904 0 6418 6315 7413 795 9536 30477 5427 1 Scholarships and grants to Simpson College students 1328 23744616 0 Schedule I, Part I, Line 2 Grants or assistance provided is for scholarships and grants to Simpson College students which are applied directly to the student's tuition charges. The Office of Financial Assistance awards scholarships and grants to students based on a variety of different criteria for each scholarship. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Jay K Simmons President 223162 0 0 0 319 0 15787 0 45102 0 284370 0 0 0 Kenneth I Birkenholtz Vice President for Business & Finance 153703 0 0 0 0 0 88605 0 7010 0 249318 0 0 0 Steven J Griffith Vice President and Dean for Academic Affairs 132703 0 0 0 0 0 8368 0 12449 0 153520 0 0 0 Robert J Lane Vice President for College Advancement 146647 0 0 0 2266 0 10263 0 11235 0 170411 0 0 0 Schedule J, Part I, Line 1a The President's spouse periodically travels with the President to official college functions. The spouse's travel is paid by the College when the official college function dictates such participation such as donor relations and alumni events. The President is provided a residence in which he/she is required to live. The residence is regularly used for college functions. An estimated fair value of $30,078 for President Jay Simmons has been included under Form 990 Part VII and Schedule J Part II. Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees consists of the Treasurer, Secretary and Chairman of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation and benefits for the President. The Committee uses comparability data such as a survey issued to several private colleges regarding total compensation for a President conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. The data includes information from what Simpson College deems as their peer or comparable colleges and universities. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. A Iowa Higher Education Loan Authority 421235696 2013-06-26 27841842 See Part VI 0 0 0 A 1318356 0 26316951 0 0 0 133812 0 0 3616028 22567110 0 2014 1 0 1 1 A 0 0 0 0 0 0 0 1 0 1 A 0 1 1 0 1 1 Regions Bank 10.4 0 0 0 0 1 A 1 Schedule K, Part I, Column f-06/26/2013 27,841,842 Iowa Higher Education Loan Authority Refund prior issues (2/15/2005), (11/19/2009), various campus buildings and residence hall improvements Schedule K, Part II, Line 3-06/26/2013 27,841,842 Iowa Higher Education Loan Authority The total proceeds do not agree to the issue price in Part I, column (e) as this debt was issued on a draw-down basis and the total principal drawn was less than the amount available. The remaining principal will not be drawn. X 16 236496 FMV X Athletic Fundraising 71 21903 FMV X Use of Vehicle Privded to President 1 8955 Dealer Lease Rate X Misc Gifts in Kind 8 5378 FMV 0 0 1 1 Schedule M, Part I, Line 32b All stock gifts are received by an outside investment broker. When transactions are received into Simpson's account, the third party communicates the transaction to the Vice President for Business & Finance. The Vice President for Business & Finance then relays to the third party to sell the stock gift. Form 990, Part VI, Section B, Line 11b The return preparer reviewed a draft copy of the Form 990 with the President and Vice President for Business & Finance. The return preparer and the Vice President for Business & Finance reviewed the draft and addressed questions with a tax expert who is part of the accounting firm that audits the College. Appropriate changes were made, if applicable, to the Form 990 based on these reviews. Then, the final draft of the return was made available to all trustee members prior to filing. The return was provided electronically through the College portal and any comments or questions were directed to management or the Audit and Compliance Committee of the Board of Trustees. Finally, prior to return filing, a meeting of the Audit and Compliance Committee to the Board of Trustees was held in which management reviews the Form 990 with the Committee. The tax expert also participated in the meeting with the Audit and Compliance Committee. Appropriate changes, if applicable, were made to the Form 990 at the direction of the Audit and Compliance Committee before filing. Form 990, Part VI, Section B, Line 12c As required by the College bylaws, all trustees, officers and key employees are required to disclose annual interests that could give rise to conflicts. All reported information is compiled under the direction of the President. Copies of the completed forms are provided to the Audit and Compliance Committee of the Board of Trustees who then determines whether further review or action is necessary. Form 990, Part VI, Section B, Line 15 The Executive Compensation Committee of the Board of Trustees consists of the Treasurer, Secretary, and Chairperson of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation of the cabinet-level administrators. The Committee uses comparability data such as survey issued to several private colleges regarding total compensation for a president conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. Minutes of all Committee meetings are kept and maintained. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. The Committee last reviewed the Compensation package to the President during the year ended in May 2016. Form 990, Part VI, Section C, Line 19 Upon written request to the President or Vice President for Business & Finance, the College will make its governing documents, conflict of interest policy and financial statements available to the public.