2017-05-15T12:59:09-05:00 2016-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2015-07-01 350868073 Earlham College EARL 7659831200 801 National Road West Richmond IN 47374 Sena K Landey VP Finance & Administration 7659831200 2017-05-15 1 David C Moja P00747006 3178852620 2015 2021-01-29 14:40:06Z John David Dawson 801 National Road West Richmond IN 47374 94318741 0 X www.earlham.edu X 1881 IN An intellectually challenging, globally engaged, and socially concerned liberal arts college. 24 23 1434 500 -953389 -1121869 20059749 14868961 50429155 52508544 14160858 7256435 0 0 84649762 74633940 27168297 29960351 0 0 28962071 29681040 0 0 1643304 28781442 29754327 84911810 89395718 -262048 -14761778 402858201 380953927 112006777 117570814 290851424 263383113 X The mission of Earlham College, an independent, residential college, is to provide the highest quality undergraduate education in the liberal arts, including the sciences, shaped by the distinctive perspectives of the Religious Society of Friends (Quakers). The College provides extensive opportunities for students and faculty to learn from each other in a cooperative community, an important aspect of which is collaborative student/faculty research. At Earlham, College education is carried on with a concern for the world in which we live and for improving human society. Therefore, Earlham stresses global education, peaceful resolution of conflict, equality of persons, and high moral standards of personal conduct. 0 0 75921240 29575245 51937941 Earlham College - Providing high quality liberal arts education for approximately 1,000 undergraduates and 50 graduate students. Serving the local community through arts, music, and cultural events open to the public. Students volunteer with many community service organizations. Approximately 2,500 people in the local community are served in this way. 1425154 385106 570603 Earlham School of Religion - Providing seminary training for approximately 100 students. 77346394 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 X 1276 0 1 1434 1 1 1 1 UK GM AU JA EI FR SP NZ 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Sena K Landey 7659831200 801 National Road West Richmond IN 47374 Deborah Hull Chair 4.00 X X 0 0 0 John Young Vice Chair 2.00 X X 0 0 0 Raymond Ontko Secretary 2.00 X X 0 0 0 John David Dawson President 50.00 X X 311119 0 101101 Ellie Bewley Trustee 2.00 X 0 0 0 Gerry Cooper Trustee 2.00 X 0 0 0 William Dubois Trustee 2.00 X 0 0 0 David Jones Trustee 2.00 X 0 0 0 Della Stanley-Green Trustee 2.00 X 0 0 0 Diana Hadley Trustee 2.00 X 0 0 0 Ian Henry Trustee 2.00 X 0 0 0 Peggy Hollingsworth Trustee 2.00 X 0 0 0 Fred McClure Trustee 2.00 X 0 0 0 David Matthews Trustee 2.00 X 0 0 0 Steve Mills Trustee 2.00 X 0 0 0 Virginia Mills Trustee 2.00 X 0 0 0 Randall Sadler Trustee 2.00 1.00 X 0 0 0 John Scarlett Trustee 2.00 X 0 0 0 Marion Shore Trustee 2.00 1.00 X 0 0 0 David Stump Trustee 2.00 X 0 0 0 Tania Deng Trustee 2.00 X 0 0 0 Polly Dawkins Trustee 2.00 X 0 0 0 Alan Scantland Trustee 2.00 X 0 0 0 Kirk Wright Trustee 2.00 X 0 0 0 Gregory Mahler VP of Academic Affairs 50.00 X 172855 0 40443 Sena Landey VP of Finance & Admin. 50.00 3.00 X 172630 0 37942 Laura Hutchinson VP Student Dev & Dean 50.00 X 129473 0 33984 Avis Stewart VP Community Relations 50.00 X 172147 0 27212 Jay Marshall VP & Dean of ESR 50.00 X 144054 0 34315 Jonathan Stroud VP for Enrollment & Comm. 50.00 X 185929 0 28911 Phillip Morgan Chief Investment Officer 10.00 40.00 X 129536 0 31052 Nelson Bingham Psychology Professor 50.00 X 100860 0 21206 Stephen Angell Prof. of Quaker Studies 50.00 X 107980 0 30809 Bonita Washington-Lacey Assoc. VP for Academic Aff 50.00 X 106746 0 25508 Barbara Caruso Prof. of English 50.00 X 102185 0 30076 Monteze Snyder Prof. of Business 50.00 X 282045 0 18840 2117559 0 461399 14 0 1 0 Performance Services 4670 Haven Point Blvd Suite 200 Indianapolis IN 46280 Engineering 2803626 Aramark Incorporated 1101 Market St Philadelphia PA 19107 Housekeeping 1616782 Metz Culinary Management 2 Woodland Drive Dallas PA 18612 Food Services 1308022 Sodexo Inc & Affiliates 4880 Psysphere Circle Chicago IL 60674 Food Services 1283524 Shiel Sexton Company 116 White Horse Lane Noblesville IN 46060 General Contractor 785498 13 6925095 958679 6985187 4532798 14868961 Tuition and fees 900099 42557600 42557600 Auxiliary income 611710 8873644 8873644 Other income 900003 1077300 1077300 52508544 1798548 -953389 2751937 25020465 122223 19618302 66499 5402163 55724 5457887 5457887 74633940 52508544 -953389 8209824 2106574 2106574 27853777 27853777 1897790 520323 1181094 196373 19730915 15873391 3167671 689853 1256838 1011456 202239 43143 5457559 3584520 1694344 178695 1337938 1097462 193384 47092 154952 662 154290 85772 85772 283176 283176 3300753 2284724 956168 59861 155191 32608 122583 2985091 2347921 452017 185153 793041 387504 360559 44978 3628644 3623899 2808 1937 1138270 917428 156339 64503 236062 197701 34958 3403 3526414 3292110 234304 6353625 5970647 328783 54195 512790 189131 323659 Meals 3017151 2795107 192119 29925 Off campus programs 1852890 1843439 9451 Library Purchases 452641 452641 Membership 301458 150529 136669 14260 976406 812840 133633 29933 89395718 77346394 10406020 1643304 37807 28738 22549549 13510348 4137035 2033886 2224247 2077188 123750 77509 978039 930643 213970405 67982165 142171605 145988240 3410770 1295367 220484906 209586634 4103519 3938466 2636974 1486908 402858201 380953927 7230813 5461731 141473 123139 86837782 84407818 9000000 16824050 8796709 10754076 112006777 117570814 X 90015445 73823305 181238061 170466513 19597918 19093295 290851424 263383113 402858201 380953927 X -14761778 -10786796 -1919737 X X 0 1 X 1 1 1 X 21939110 27783989 23233405 20059749 12762387 105778640 21939110 27783989 23233405 20059749 12762387 105778640 2469801 103308839 1285383 1621289 3120424 2933262 1543030 10503388 116282028 261171913 0.88840 X Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 214297013 1278753 -3940824 9876398 283176 201475368 215033208 1060979 7959284 9439663 316795 214297013 140093077 305319 38031321 10244172 -47188903 341240 215033208 120545802 21064997 1240528 277194 140093077 117265491 505382 3021460 246531 120545802 0.15890 0.08970 0.75140 0 1 1 2744236 2744236 187565454 49834544 137730910 22561123 18147621 4413502 1099592 1099592 145988240 Alternative Investments 209586634 F 209586634 Deposits 1065538 Amounts Held for Others 1064430 Annuities Payable 2561669 Advances for Student Loans 3992051 Fair Value of Swap Agreement 2070388 10754076 X Part V, Line 4: Earlham's endowment funds are used to support the educational programs of the College. In addition to the $201,475,368 in endowed funds reported here, a related party, Earlham Foundation, holds $182,656,807 in endowed funds for the benefit of Earlham College. The consolidated endowment balance is $384,132,175. Part X, Line 2: The College is exempt from federal income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code and a similar provision of state law. The College is subject to federal income tax on any unrelated business taxable income. The College is not considered to be a private foundation. The College is no longer subject to U.S. federal, state and local or non-U.S. income tax examinations by tax authorities for years before 2011. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Earlham does not actively solicit students via newspaper or broadcast media. In its catalog and other general written communication available to the general public, it publicizes its racially non-discriminatory policy. Being a Quaker institution, Earlham College has had a long history of nondiscrimination. This fact is well known in the general community it serves. Schedule E, Part I, Line 6 Earlham participates in the federal Title IV financial aid program for its students. East Asia and the Pacific 0 0 Program Services Study abroad program 285575 Europe (Including Iceland & Greenland) 0 0 Program Services Study abroad program 448415 Middle East and North Africa 0 0 Program Services Study abroad program 51902 South America 0 0 Program Services Study abroad program 97716 South Asia 0 0 Program Services Study abroad program 75153 Sub-Saharan Africa 0 0 Program Services Study abroad program 124924 Central America and the Caribbean 0 0 Investments 6850711 0 0 0 0 0 0 7934396 0 7934396 0 0 0 0 1 0 Part I, Line 2: Earlham leads many study abroad programs for its students each year. These programs range in duration from 2 weeks to 6 months long. We track all direct expenses for these programs separately. The expenditures reflected on Line 3 include travel, meals, lodging, cultural events, and salaries for full-time Earlham professors who lead the programs. Part I, line 3: Expenditures are accounted for using the accrual method of accounting. 1 Earlham Foundation 801 National Road West Richmond IN 47374 356014491 501(c)(3) 2106574 Hold and invest gifts 1 0 Scholarships and Financial Aid Awards 882 27853777 Part I, Line 2: The College awards scholarships and financial aid awards. These funds are disbursed by the College's Financial Aid Department in strict adherence to all Federal and state regulations. The College also grants money to Earlham Foundation, a related organization, to hold and invest the assets on the College's behalf. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 John David Dawson President 311119 0 0 0 0 0 34070 0 67359 0 412548 0 0 0 Gregory Mahler VP of Academic Affairs 172855 0 0 0 0 0 18597 0 22174 0 213626 0 0 0 Sena Landey VP of Finance & Admin. 172630 0 0 0 0 0 18571 0 19699 0 210900 0 0 0 Laura Hutchinson VP Student Dev & Dean 129473 0 0 0 0 0 13825 0 20487 0 163785 0 0 0 Avis Stewart VP Community Relations 168847 0 0 0 3300 0 17656 0 9884 0 199687 0 0 0 Jay Marshall VP & Dean of ESR 144054 0 0 0 0 0 15481 0 19162 0 178697 0 0 0 Jonathan Stroud VP for Enrollment & Comm. 183729 0 0 0 2200 0 19089 0 10150 0 215168 0 0 0 Phillip Morgan Chief Investment Officer 129536 0 0 0 0 0 14224 0 17156 0 160916 0 0 0 Monteze Snyder Prof. of Business 282045 0 0 0 0 0 9584 0 9553 0 301182 0 0 0 Part I, Line 1a Earlham College provides a residence with housekeeping services for personal use to John David Dawson, the College's President. The residence is not included in taxable compensation. The annual value of the President's housing is $13,000. The residence is furnished for the convenience of Earlham College, the President is required to live in the residence as a condition of his employment, and his residence is contiguous to Earlham's campus. A IN Health & Educational Facility Financing Authority 351611409 454795CTO 2007-06-28 15661682 Construction/Renovation/Expansion/Refunding of 1998 Bonds 0 0 0 B Indiana Finance Authority 351602316 45506DEP6 2013-01-30 62764109 Construction/Renovation/Expansion/Refunding of 1998 and 2004 Bonds 0 0 0 C Indiana Finance Authority 351602316 2015-04-20 14000000 Energy Savings Projects/Refunding of 2007 Bonds 0 0 0 A 4771692 16138056 2448000 109010 13536071 44975 2010 0 1 1 1 B 4984109 62891620 4443023 11852255 292500 46066181 237661 2014 1 1 1 1 C 14000000 10113854 196504 3408716 3 280923 2016 1 1 0 1 A 0 0 0 0 0.01580 0.00270 0.01850 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 Date Rebate Computation Performed Issuer Name: IN Health & Educational Facility Financing Authority Date the Rebate Computation was Performed: 09/01/2012 31000 Tuition Assist. Qualified Tuition Reduction X 26 1641688 Stock listing X 3 2891110 Appraisals 0 1 1 Part I, Column (b): The number of contributors represents the number of contributions received. Part I, Line 32b: The Purdue Foundation and Schrader Auctions were used to process the real estate donations. Form 990, Part VI, Section A, line 1 The Executive Committee has and may exercise all of the authority of the Board of Trustees in the management of the Corporation's affairs during intervals between the meetings of the Board of Trustees, provided that the any official action taken by the Executive Committee on behalf of Earlham or the Board (a) is consistent with existing Board policies or prior delegations of authority to it, (b) is undertaken after notice to all trustees with no trustee objecting, or (c) is reasonably required in the judgment of the Board Chair and President to protect the best interests of Earlham from prejudice. The Executive Committee shall be subject to the authority and supervision of the Board of Trustees. The Chair of the Board shall serve as the chair of the Executive Committee. The members of the Executive Committee shall also include the Vice Chair, Secretary, President, and the chairs of the Board's Standing Committees except the Investment Committee. The Chair may invite other trustees, officers of Earlham, or advisors to the Board or Earlham to participate in any meeting of the Executive Committee. Form 990, Part VI, Section A, line 7a Western Yearly Meeting of Friends appoints six trustees to the Earlham Board. The Earlham Alumni Association elects four trustees. Seven trustees are nominated by the Earlham Board of Trustees and approved by Western Yearly Meeting. Additionally, six trustees are nominated and appointed solely by the Earlham Board and the President serves ex officio. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm. The Assistant Controller, Controller and VP of Finance and Administration perform a detailed review. Then, a copy of the Form 990 is provided to each member of the full governing body prior to its filing. Form 990, Part VI, Section B, line 12c Earlham's conflict of interest policy requires that officers, trustees, and key employees disclose any situations that may result in a conflict of interest or the appearance of a conflict of interest. Questionnaires must be completed annually but updated sooner if a person's situation changes. Disclosures are summarized and reviewed by the Audit Committee of the Board. If a trustee has a conflict, they will not participate in the decision-making process. Form 990, Part VI, Section B, line 15 15a - The President's compensation is reviewed and determined annually by a Committee consisting of the current and immediate past Chair of the Board of Trustees. The Committee considers compensation data from other schools from the Great Lakes Colleges Association salary comparisons while undertaking their review and documents the decision in the committee minutes. 15b - The President reviews and determines annually the compensation of Vice Presidents and Deans, taking into consideration comparability data and the approved budget for compensation increases, if any. This process is documented. 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 split interest agreements 42,325. Change in value of interest rate swap -1,962,062. Form 990, Part XII, Line 2c The organization's audit committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Earlham Foundation 801 National Road West Richmond IN 47374 356014491 Supporting organization IN 501(c)(3) Line 11a, I Earlham College 0 Charitable Remainder Trusts (5) Trust IN N/A T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 Earlham Foundation C Earlham Foundation N Earlham Foundation O Earlham Foundation P