2017-02-14T13:35:21-07:00 2016-06-30 990 2015-07-01 930386908 REED INSTITUTE REED 5037777505 3203 SE Woodstock Blvd Portland OR 972028199 Lorraine Arvin Vice President and Treasurer 5037777240 2017-02-14 2015 2021-01-29 14:40:06Z REED COLLEGE Lorraine Arvin 3203 SE Woodstock Blvd Portland OR 97202 272447844 0 X www.reed.edu X 1908 OR Provide education in the liberal arts and sciences 33 31 1827 3260 382943 12748274 30195784 78196941 84693563 26597775 28798946 4768 0 117547758 143688293 24178363 26826137 0 0 53761570 58135192 0 0 5038324 33192973 35768091 111132906 120729420 6414852 22958873 746367992 710474726 133220860 136339276 613147132 574135450 The mission of Reed College is to provide education in the liberal arts and sciences. 0 0 1955167 0 1955167 The Institute had 25 research grants funded with federal funds. Departments funded were Biology, Chemistry, Financial Aid, Math, Psychology, Sociology, Economics and the Reactor. 91878920 26826137 68364765 1397 FTE Students, 303 degrees conferred 15/16. 16194428 0 14373631 Auxiliary services - students living in dorms, using dining facilities and bookstore. 0 0 0 110028515 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 1783 0 1 1827 1 1 1 0 0 0 0 0 0 0 0 0 X 33 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X X Lorraine Arvin 5037777506 Vice President and Treasurer 3203 SE Woodstock Blvd Portland OR 972028199 Konrad S Alt '81 Trustee 1 0 X 0 0 0 Stephen E Babson Trustee 1 0 X 0 0 0 Matthew P Bergman '84 Trustee 1 0 X 0 0 0 Timothy Boyle Trustee 1 0 X 0 0 0 M Jane Buchan Trustee 1 0 X 0 0 0 Suzanne Cassidy MD '65 Trustee 1 0 X 0 0 0 Richard J Danzig '65 Trustee 1 0 X 0 0 0 Kurt D Delbene Trustee 1 0 X 0 0 0 Donald Engelman '62 Trustee 1 0 X 0 0 0 Daniel B Greenberg '62 Trustee 1 0.02 X 0 0 0 Dennis Henner Trustee 1 0 X 0 0 0 Linda G Howard '70 Trustee 1 0 X 0 0 0 Jay M Hubert '66 Trustee 1 0 X 0 0 0 George M James '77 Trustee 1 0 X 0 0 0 Deborah D Kamali '85 Trustee 1 0 X 0 0 0 Anna Hayes Levin Trustee 1 0 X 0 0 0 Alex J Martinez '73 Trustee 1 0 X 0 0 0 Linda H Matthews '67 Trustee 1 0 X 0 0 0 Sandra E Mintz Trustee 1 0 X 0 0 0 Adrienne Nelson Trustee 1 0 X 0 0 0 Peter Norton '65 Trustee 1 0 X 0 0 0 Margaret Hill Noto '75 Trustee-Secretary 1 0 X 0 0 0 Eduardo Ochoa '73 Trustee 1 0 X 0 0 0 Roger M Perlmutter '73 Trustee-Chairman 1 0 X 0 0 0 Gary Rieschel '79 Trustee 1 0 X 0 0 0 Dylan Rivera '95 Trustee 1 0 X 0 0 0 John P Sheehy '82 Trustee 1 0 X 0 0 0 Alice Larkin Steiner '74 Trustee 1 0 X 0 0 0 Georges C St Laurent Jr Trustee 1 0 X 0 0 0 Peter C Stockman '77 Trustee 1 0 X 0 0 0 Richard H Wollenberg '75 Trustee-Vice Chairman 1 0 X 0 0 0 Marcia Yaross '73 Trustee 1 0 X 0 0 0 John R Kroger President 40 0.02 X X 412750 0 32782 Hugh Porter VP/College Relations 40 0 X 290357 0 41527 Lorraine Arvin VP and Treasurer 40 0.02 X 271860 0 29109 Nigel J Nicholson Dean of the Faculty 40 0 X 206168 0 36159 Michael Brody VP & Dean of Student Services 40 0 X 191093 0 34501 Milyon Trulove VP and Dean of Admission and Financial Aid 40 0 X 171616 0 28585 Martin Ringle Chief Tech Officer 40 0 X 202677 0 24391 Tracy Frantel Controller 40 0 X 159092 0 24049 Jan E Kurtz Director of Development 40 0 X 158567 0 27816 James Pommersheim Professor 40 0 X 157790 0 23600 Amanda Heaton Executive Director of Communications and Public Affairs 40 0 X 156437 0 26013 2378407 0 328532 86 0 1 0 Bon Appetit Suite 100 2730 Sand Hill Road Menlo Park CA 94025 Food service 4008173 Reimers & Jolivette Inc 2344 NW 24th Ave Portland OR 972102132 Construction 2436713 Washington Roofing Co 1700 SW Hwy 18 McMinnville OR 97128 Energy services 361853 Cliffwater LLC 4640 Admiralty Way Ste 1101 Marina del Rey CA 90292 Investing 350000 Floor Factors 1320 NW 17th Ave Portland OR 972092492 Flooring 295180 16 0 0 0 0 2166088 28029696 5728065 30195784 Tuition and fees 611710 67961670 67961670 0 0 Aux-dorm fees 611710 6946473 6946473 0 0 Aux-cafeteria fees 611710 5942099 5942099 0 0 Aux-bookstore fees 611710 1485060 1485060 0 0 Other revenue and fees 611710 2358261 2358261 0 0 0 0 0 0 84693563 906019 0 382943 523076 0 0 0 0 0 0 0 0 0 0 156652478 0 128759551 0 27892927 0 27892927 0 0 27892927 0 0 143688293 84693563 382943 28416003 26826137 26826137 1803616 694966 767739 340911 36883298 32789407 1564011 2529880 3336818 2961329 146399 229090 13323525 11577417 789145 956963 2787935 2418337 164579 205019 207425 129184 73387 4854 163294 102378 57137 3779 11980249 11341874 460973 177402 7616233 7151666 320085 144482 1527487 951319 540425 35743 1841547 1749470 81028 11049 2404216 1924814 140250 339152 2102314 1997198 92502 12614 5303855 5038662 233370 31823 370708 284826 80554 5328 2250763 2089531 150997 10235 120729420 110028515 5662581 5038324 10732474 9256181 9497585 25658964 9279704 13261236 3572591 1120446 5936652 5736930 4872320 5312163 224016351 88839031 136326511 135177320 110642227 86089807 453992957 427365202 1514971 1496477 746367992 710474726 5708406 6910161 1960120 1731700 80075410 78782211 0 0 0 0 140557 93143 0 0 45336367 48822061 133220860 136339276 X 366547724 358621571 82363062 46394677 164236346 169119202 613147132 574135450 746367992 710474726 X 22958873 -61982574 0 0 0 12019 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 534813655 8081620 -32241862 8226779 17788676 560297 484077661 535307303 2111505 22193246 7655882 16603559 538958 534813655 480398152 5272650 73116008 7227447 15728428 523632 535307303 437080525 8414977 55724447 6481976 13820658 519163 480398152 406008955 37901157 15898933 6108823 15145332 1474365 437080525 0.59 0.34 0.07 0 0 0 10531256 10531256 0 198912123 75382378 123529745 0 0 0 0 0 14572972 13456653 1116319 0 0 0 0 135177320 Alternative investments 427365202 F 427365202 Post retirement benefits payable 29921899 Liability for split interest agreements 11173892 Refundable loan programs 2650528 Asset retirement obligation 3069992 Swap derivative 2005750 48822061 55008759 -61982574 0 0 -472346 -62454920 117463679 0 26224614 26224614 143688293 94142823 0 0 0 0 0 94142823 0 26586597 26586597 120729420 Schedule D, Part V, Line 4 The college's endowment funds are used for scholarships, chairs, academic support, library support, student services, and general operating support. Schedule D, Part XI, Line 2d Life income realized gains and income 472,346 Schedule D, Part XI, Line 4b Scholarships 26,224,614 Schedule D, Part XII, Line 4b Scholarships 26,224,614; Other interest expense $170,299; Odyssey -67,926; Grayco -26,563; Other 286,173 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Newspaper announcement is done once a year and statement on Admission website-http://www.reed.edu/diversity/index.html Schedule E, Part I, Line 6 Financial assistance is from SEOG, Perkins, and Title 4 financial aid. Central America and the Caribbean 0 0 Investments 43391248 Europe (including Iceland and Greenland) 0 0 Investments 652944 East Asia and the Pacific 0 0 Investments 7425238 0 0 51469430 1 0 0 1 1 0 1 Reed Grants 717 25953078 0 SEOG 256 209939 0 Oregon State Grants 21 41286 0 Other State Grants 2 3400 0 Other Outside Awards 116 618434 0 Schedule I, Part I, Line 2 The financial aid office awards grants to students based on the students financial aid application. Once classes begin, grants are disbursed to the student's account where they offset tuition charges. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 John R Kroger President 412750 0 0 0 0 0 30624 0 2158 0 445532 0 0 Hugh Porter VP/College Relations 290357 0 0 0 0 0 26500 0 15027 0 331884 0 0 0 Lorraine Arvin VP and Treasurer 271860 0 0 0 0 0 26500 0 2609 0 300969 0 0 0 Nigel J Nicholson Dean of the Faculty 206168 0 0 0 0 0 21242 0 14917 0 242327 0 0 0 Michael Brody VP & Dean of Student Services 191093 0 0 0 0 0 19646 0 14855 0 225594 0 0 0 Milyon Trulove VP and Dean of Admission and Financial Aid 171616 0 0 0 0 0 17556 0 11029 0 200201 0 0 0 Martin Ringle Chief Tech Officer 163760 0 0 0 38917 0 16253 0 8138 0 227068 0 0 0 Jan E Kurtz Director of Development 158567 0 0 0 0 0 16306 0 11510 0 186383 0 0 0 Tracy Frantel Controller 159092 0 0 0 0 0 15925 0 8124 0 183141 0 0 0 James Pommersheim Professor 157790 0 0 0 0 0 15779 0 7821 0 181390 0 0 0 Amanda Heaton Executive Director of Communications and Public Affairs 156437 0 0 0 0 0 15300 0 10713 0 182450 0 0 0 Schedule J, Part I, Line 1a Housing is required as a condition of employment for the President and is not considered taxable income. Residence cleaning is also provided for the President. A Oregon Facilities Authority 936001787 68608JJE2 2008-04-23 47060000 See Part VI 0 0 0 B Oregon Facilities Authority 936001787 68608JNAS 2011-03-22 40195822 See part VI 0 0 0 A 7925000 0 47060000 0 977670 0 451579 0 0 0 45622338 0 2008 1 0 1 1 B 0 0 40195822 0 0 0 615747 0 0 20004876 19575199 0 2013 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 1 1 UBS 13 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 Schedule K, Part I-04/23/2008 47,060,000 Oregon Facilities Authority The 2008 bonds were issued to provide funds needed by the college to redeem and retire bonds which were issued on June 7, 2006 and August 1, 2007. Schedule K, Part I, Column f-03/22/2011 40,195,822 Oregon Facilities Authority The 2011 Bonds were issued to provide funds for the refunding of the 2000 Bond issue and the planning, construction, and financing of a performing arts building for the music, dance, and theater departments. The 2000 bond was issued on May 11, 2000. Margaret Hill Noto Trustee 155044 Legal services provide by Stoel Rives 0 X 26 1 opinion of expert X 85 opinion of expert X 119 5727979 market value 1 0 1 0 Schedule M, Part I The numbers reported in Part I, column (b) represent the number of items. Form 990, Part VI, Section B, Line 11b An electronic draft of the form 990 is provided to the Audit Committee of the Board of Trustees. The committee reviews, discusses, and provides input to management. After the Audit Committee accepts the form 990, it is made available to all Trustees for review. After any further trustee questions are resolved and a final copy of the return has been provided to the entire board, the form 990 is filed. Form 990, Part VI, Section B, Line 12c Reed requires all officers and institutional trustees to complete a conflict of interest form annually. The form includes the college's conflict of interest policy and asks each individual about the existence of conflicts of interest. If a conflict of interest exists the officer or trustee is asked to describe the situation in their response. These forms are reviewed by the Vice-President and Treasurer and the Chair of the Audit Committee of the Board. Persons with a conflict are prohibited from participating in the Board and officer deliberations and decisions in those transactions. Form 990, Part VI, Section B, Line 15 The Executive Committee, which is comprised of independent Trustees and which functions as the College's compensation committee, annually reviews presidential and officer compensation data from comparator colleges along with other data provided by the Human Resources Office. They also conduct an annual performance evaluation of the President. Any changes in the President's compensation are approved by the Executive Committee, and communicated by the Chair of Board of Trustees in writing to the President. The Executive Committee review and decisions on executive compensation are documented in the minutes of the Executive Committee meetings. These reviews are completed in June of each year. Form 990, Part VI, Section C, Line 19 Governing documents are available upon request. Conflict of interest policy and financial statements are available on the College's Office of the Treasurer website. Form 990, Part XI, Line 9 Change in Odyssey receivable $12,019. Odyssey Property Holdings Inc 3203 SE Woodstock Blvd Portland OR 97202 200779531 acquiring, developing, holding title to property OR 501(c)(2) The Reed Institute 1 Grayco Resources Inc 3203 SE Woodstock Blvd Portland OR 97202 930603357 Rental Activity OR The Reed Institute C 70000 1283145 1 1 Charitable remainder trust (25) 3203 SE Woodstock Blvd Portland OR 97202 Trust OR The Reed Institute T 0 Pooled Income Fund (1) 3203 SE Woodstock Blvd Portland OR 97202 Pooled Income Fund OR The Reed Institute T 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 Grayco Resources Inc k 70000 Lease agreement Grayco Resources Inc s 60000 Loan payments