2016-01-12T18:34:40-07:00 2015-05-31 990 2014-06-01 420680389 SIMPSON COLLEGE SIMP 5159611512 701 N C St Indianola IA 50125 Ken Birkenholtz Vice Pres. for Business & Finance 5159611512 2016-01-12 2014 2016-04-25 22:37:26Z Jay K Simmons 701 N C St Indianola IA 50125 80926052 0 X www.simpson.edu 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 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. 41 40 1458 0 33958 0 5008540 2705381 52762955 55130734 4891829 5278908 637055 694555 63300379 63809578 21384363 22847155 0 0 22037151 22311424 0 0 1168580 17800749 17650707 61222263 62809286 2078116 1000292 161377706 160918095 40312212 40690856 121065494 120227239 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 22847155 22847155 0 Scholarship Programs: Scholarships and grants to students. (1,355 students) 17232695 0 0 Higher Education Instruction: Instruction and academic support was provided to full and part-time students (1,725 students) 9641059 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. (1,725 students) 7245311 0 0 Student Services Auxiliary Enterprises: Auxiliary enterprises including housing, food services and conferencing facilities available for student use. (1,725 students) 7245311 0 0 56966220 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 1 0 1 0 0 0 0 0 0 0 0 1 2099 0 1 1458 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 41 40 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 Nathaniel R Boulton Trustee 0.5 0 X 0 0 0 Jessica Braunschweig-Norris Trustee 0.5 0 X 0 0 0 Jay R Byers Trustee 0.5 0 X 0 0 0 Mary Sconiers Chapman Trustee 0.5 0 X 0 0 0 Cary J Coppola Trustee 0.5 0 X 0 0 0 Michael J 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 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 Frederick S Hubbell 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 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 Sunnie Richer Trustee, Chairman 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 Travis J Rychnovsky Trustee 0.5 0 X 0 0 0 J Ann Selzer 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 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 P Sumner Worth Trustee 0.5 0 X 0 0 0 Jay K Simmons President 40 0 X X 232583 0 53033 Kenneth I Birkenholtz Vice President for Business & Finance 40 0 X 149524 0 18368 Steven J Griffith Vice President and Dean for Academic Affairs 40 0 X 129970 0 22966 Robert J Lane Vice President for College Advancement 40 0 X 143414 0 24049 James D Thorius Vice President for Student Development 40 0 X 104127 0 13277 Kelley L Bradder Vice President for Information Services 40 0 X 113194 0 16852 Deborah J Tierney Vice President for Enrollment 40 0 X 111051 0 15297 Fred O Jones Professor of Sociology 40 0 X 104189 0 19292 John W Byrd Former President 0 0 X 290000 0 0 1378052 0 183134 9 1 1 0 Chartwells Dining Services PO Box 91337 Chicago IL 606931337 Food Services 2465055 Sodexo Inc Affiliates 4880 Paysphere Circle Chicago IL 60674 Facilities Services 2022966 The Hansen Company Inc 5665 Greendale Rd Suite A Johnston IA 50131 Construction Services 1549917 Neumann Brothers Inc PO Box 1315 Des Moines IA 503051315 Construction Services 1174866 Garner Printing 1697 NE 53rd Ave Des Moines IA 50313 Printing Services 322318 15 0 0 26631 0 734855 1943895 153397 2705381 Tuition and Fees 611310 46312079 46312079 0 0 Residence Halls 721310 4550163 4550163 0 0 Food Service 722210 3792683 3792683 0 0 Conference Program 721000 415169 415169 0 0 Bookstore 451211 60640 60640 0 0 0 0 0 0 55130734 1790160 0 14594 1775566 187 0 0 187 11552 0 0 11552 181764 0 91539 0 90225 0 90225 0 0 90225 20488135 0 16999574 0 3488561 0 3488561 3488561 0 0 6678 26631 25361 -18683 0 -18683 0 0 0 0 0 0 0 0 0 0 0 0 Finance Charges 611310 97652 97652 0 0 Administrative cost reimbursements 611310 62963 62963 0 0 Parking Fees 812930 53100 53100 0 0 397746 378382 19364 0 611461 63809578 59211392 33958 1858847 0 0 22847155 22847155 0 0 0 0 583683 151758 431925 0 0 0 0 0 15897462 13487946 1711864 697652 802604 702488 56921 43195 3892908 3312007 379781 201120 1134767 918391 161345 55031 0 0 0 0 61983 0 61983 0 58100 0 58100 0 0 0 0 0 0 0 100000 0 100000 0 0 0 0 0 364306 223327 140979 0 1760712 1114903 574459 71350 777978 461439 314349 2190 0 0 0 0 3248970 3086088 162882 0 785671 701520 45853 38298 0 0 0 0 0 0 0 0 712389 661870 48498 2021 0 0 0 0 3489233 3314894 160647 13692 0 0 0 0 Contracted services 4131148 4034407 96741 0 Athletic teams 506112 506112 0 0 Memberships 158939 7815 151124 0 1495166 1434100 17035 44031 62809286 56966220 4674486 1168580 26710 94734 5370956 5270280 1927141 1493834 1046680 1343044 0 0 0 0 0 0 0 0 1568238 1410887 119729791 55165187 65098654 64564604 44049544 45531671 39087667 38105226 3202116 3103815 0 0 0 0 161377706 160918095 7602254 7600576 0 0 0 0 25965354 25502989 0 0 0 0 2953075 3524981 225000 150000 3566529 3912310 40312212 40690856 X 44031533 42256826 25239940 25658341 51794021 52312072 121065494 120227239 161377706 160918095 1000292 -1838547 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 2087 0 0 0 2087 0 Schedule C, Part II-B, Line 1 Simpson College is a member of the Iowa Association of Independent College and Universities (IAICU). As calculated by IAICU, twelve percent of the 2014-15 dues paid by the college are attributed to lobbying expenditures incurred by the organization. 0 117140 0 0 X 0 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 63588863 243488 12745410 1913688 1528376 100000 73035697 0.14 0.6 0.26 1 0 574111 2117066 2691177 958103 99158506 42212821 57903788 0 764356 243409 520947 0 16009045 12619303 3389742 119537 29067 89654 58950 64564604 0 F 0 F Interest in Common Trust Funds 9626477 F Interest in Small Cap Equity Funds 4785598 F Interest in Fixed Income Funds 1665438 F Interest in Private Equity Partnerships 5087109 F Interest in Hedge Funds 11048823 F Interest in Real Estate Investment Trusts 1272713 F Beneficial Interest in Trusts 3509877 F Cash Surrender Value of Life Insurance Policies 1102841 F Other 6350 F 38105226 0 Student, Personnel and Sundry Deposits 927628 Interest Rate Swap Agreements 576992 U.S. Government Loan Funds Refundable 2407690 3912310 39123876 -1838547 0 0 0 -1838547 40962423 0 22847155 22847155 63809578 39962131 0 0 0 0 0 39962131 0 22847155 22847155 62809286 Schedule D, Part III, Line 4 The College maintains various artworks utilized primarily for the preservation of the heritage of the College 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. East Asia and the Pacific 0 0 Program Services Student semester abroad and May Term course travel 110664 Europe (including Iceland and Greenland) 0 0 Program Services Student semester abroad and May Term course travel 231314 North America (including Canada and Mexico, but not the United States) 0 0 Program Services May Term course travel 4274 South America 0 0 Program Services May Term course travel 76332 0 0 422584 0 0 0 0 0 0 Athletic Golf Outing 33309 26631 6678 0 6261 6499 6124 800 5677 0 0 33309 26631 6678 0 6261 6499 6124 800 5677 25361 -18683 1 Scholarships and grants to Simpson College students 1355 22847155 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 222287 0 10000 0 296 0 9200 0 43833 0 285616 0 0 0 Kenneth I Birkenholtz Vice President for Business & Finance 149524 0 0 0 0 0 11844 0 6524 0 167892 0 0 0 Steven J Griffith Vice President and Dean for Academic Affairs 129970 0 0 0 0 0 10849 0 12117 0 152936 0 0 0 Robert J Lane Vice President for College Advancement 141746 0 0 0 1668 0 11784 0 12265 0 167463 0 0 0 John W Byrd Former President 0 0 0 0 290000 0 0 0 0 0 290000 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 office 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 $30,120 for current 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 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 859853 0 26316826 0 0 0 133812 0 0 3450319 22567110 165684 2014 1 0 0 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 available has not yet been drawn. The remaining principal will not be drawn. Rita Birkenholtz Spouse of officer of the College 42554 Annual compensation as a full-time employee of the Office of College Advancement 0 X 15 131804 FMV X Athletic Fundraising 53 11504 FMV X Use of Vehicle Provided to President 1 8967 Dealer Lease Rate X Misc Gifts in Kind 3 1122 FMV 0 0 1 0 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 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 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 annually 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 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 2015. 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.