2016-04-18T14:24:33-05:00 2015-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2014-06-01 390808497 BELOIT COLLEGE BELO 6083632205 700 COLLEGE ST BELOIT WI 53511 LAURIE STICKELMAIER VP FOR BUDGET AND PLANNING 6083632205 2016-04-13 1 TROY MARINE CPA P00187863 4147775500 2016-04-13 2014 2016-08-17 19:52:53Z DR H SCOTT BIERMAN 700 COLLEGE ST BELOIT WI 53511 106159836 0 X WWW.BELOIT.EDU X 1846 WI SEE SCHEDULE OBELOIT 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. 33 33 1553 131 120515 -4484 10250419 16497877 57393334 58822257 8967420 12712366 1174569 1103684 77785742 89136184 26305673 27089797 0 0 27646618 28269516 0 141000 2418760 23220940 21695305 77173231 77195618 612511 11940566 237489078 248978268 76031472 78920272 161457606 170057996 X SEE SCHEDULE O 0 0 64309377 27089797 58822257 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, 19 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 2014-15 ACADEMIC YEAR, THE COLLEGE SERVED 1,303 STUDENTS, FROM 38 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 310 STUDENTS DURING THE YEAR WHILE PROVIDING FINANCIAL ASSISTANCE TO 97% OF DEGREE-SEEKING STUDENTS.ENROLLMENT AND DEVELOPMENT: DURING THE 2014-15 RECRUITMENT CYCLE, THE COLLEGE RECEIVED 3,552 APPLICATIONS TO JOIN THE CLASS OF 2019 - A 55 PERCENT INCREASE OVER THE APPLICATION TOTAL FOR THE YEAR PRIOR (AND THE LARGEST-EVER APPLICANT POOL). THE 392 FRESHMEN THAT JOINED THE COLLEGE IN THE FALL OF 2015 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 $3.8 MILLION WITH DOUBLE DIGIT INCREASES EACH OF THOSE YEARS. IN THIS REPORTING YEAR, THE COLLEGE ALSO RECEIVED ITS LARGEST-EVER CASH GIFT - A BEQUEST OF MORE THAN $6 MILLION. ADDITIONALLY, IN 2015 BELOIT WAS THE RECIPIENT OF A LARGE GIFT FROM A LOCAL FAMILY THAT ALLOWED BELOIT TO REGAIN AND REFURBISH EMERSON HALL, A CITY AND COLLEGE LANDMARK. THE BUILDING, ORIGINALLY BUILT AS A WOMEN'S DORMITORY IN 1897, WILL REOPEN TO STUDENT USE IN THE FALL OF 2016. EVEN AMIDST THESE SUCCESSES, THE COLLEGE CONTINUES TO BE CALLED OUT BY 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: #6 "MOST INNOVATIVE SCHOOLS AND #12 FOR "BEST UNDERGRADUATE TEACHING" BY U.S. NEWS AND WORLD REPORTS; #41 ON FORBES MAGAZINE'S "MOST ENTREPRENEURIAL COLLEGES" LIST, AS WELL AS #75 ON ITS "BEST ROI: GRATEFUL GRADS INDEX; AND #59 ON KIPLINGER'S PERSONAL FINANCE MAGAZINE'S LIST OF "BEST COLLEGE VALUES." 64309377 1 1 0 0 0 1 0 1 0 1 1 0 0 0 1 1 1 0 1 1 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 1 182 0 1 1553 1 1 1 1 IT 0 0 0 1 1 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X LAURIE STICKELMAIER 6083632250 700 COLLEGE STREET BELOIT WI 53511 MR BILL BOYD TRUSTEE 1.00 X 0 0 0 MR CHRISTOPHER D BARTOL TRUSTEE 1.00 X 0 0 0 MR CHUCK MCQUAID TRUSTEE 1.00 X 0 0 0 MR DICK NIEMIEC TRUSTEE 1.00 X 0 0 0 MR DON J WYATT TRUSTEE 1.00 X 0 0 0 MR DONALD CARSON TRUSTEE 1.00 X 0 0 0 MR EUGENE ZELTMANN TRUSTEE 1.00 X 0 0 0 MR HAROLD F MAYER TRUSTEE 1.00 X 0 0 0 MR JAMES PACKARD TRUSTEE 1.00 X 0 0 0 MR JONATHON P MASON TRUSTEE 1.00 X 0 0 0 MR OSCAR E CARDONA TRUSTEE 1.00 X 0 0 0 MR PETER CHATILOVICZ TRUSTEE 1.00 X 0 0 0 MR PHEE BOON KANG TRUSTEE 1.00 X 0 0 0 MR RICHARD CLAYTON TRUSTEE 1.00 X 0 0 0 MR ROBERT SHAW TRUSTEE 1.00 X 0 0 0 MR ROBERT YOUNG TRUSTEE 1.00 X 0 0 0 MR STEPHEN H MAHLE TRUSTEE 1.00 X 0 0 0 MR STEVEN COHEN TRUSTEE 1.00 X 0 0 0 MR THOMAS O'NEILL TRUSTEE 1.00 X 0 0 0 MR THOMAS WALCOTT TRUSTEE 1.00 X 0 0 0 MS CECILY MAJERUS TRUSTEE 1.00 X 0 0 0 MS DIANE HENDRICKS TRUSTEE 1.00 X 0 0 0 MS JO FROMAN TRUSTEE 1.00 X 0 0 0 MS JOANNA KUTTER TRUSTEE 1.00 X 0 0 0 MS JUDITH MILLER TRUSTEE 1.00 X 0 0 0 MS MARGARET ROBINSON TRUSTEE 1.00 X 0 0 0 MS NINA WEISSBERG TRUSTEE 1.00 X 0 0 0 MS SHAMS RASHID TRUSTEE 1.00 X 0 0 0 MS SUDHA P QUAMME TRUSTEE 1.00 X 0 0 0 MR DONALD KENT TRUSTEE 1.00 X 0 0 0 MR GREG HOPPER TRUSTEE 1.00 X 0 0 0 MR MICHAEL DOYLE TRUSTEE 1.00 X 0 0 0 MR JAMES SANGER TRUSTEE 1.00 X 0 0 0 DR ANN DAVIES PROVOST & DEAN OF THE COLLEGE 40.00 X 166396 0 32241 DR CHRISTINA KLAWITTER DEAN OF STUDENTS 40.00 X 133571 0 23081 DR H SCOTT BIERMAN PRESIDENT 40.00 X 441642 0 50532 MR DANIEL SCHOOFF CHIEF OF STAFF AND SECRETARY OF THE COLLEGE 40.00 X 118570 0 23723 MR R JEFF PUCKETT VP EXTERNAL AFFAIRS 40.00 X 233839 0 47185 MS LAURIE STICKELMAIER VP FINANCE & PLANNING/TREASURER 40.00 X 204029 0 41813 MS LORI RHEAD VP HR & OPERATIONS 40.00 X 124688 0 32417 MS MEGAN FITCH CHIEF INFORMATION OFFICER 40.00 X 103900 0 24363 MR ROBERT MIRABILE VP ENROLLMENT 40.00 X 137420 0 22946 MR BILL FLANAGAN DEVELOPMENT PROFESSIONAL 40.00 X 112750 0 23994 MS BETH MONTIERO EXEC DIR DEV OPER & GIFT PLANNING 40.00 X 142406 0 36425 MR JACK STREET PROFESSOR OF MODERN LANGUAGES & LIT 40.00 X 102443 0 23758 MR JASON HUGHES DIRECTOR OF COMM & MARKETING 40.00 X 104631 0 31146 2126285 0 413624 13 0 1 0 BON APPETIT PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 3349438 STUDIO GANG ARCHITECTS LTD 1520 W DIVISION ST CHICAGO IL 60642 CONSTRUCTION 603650 ASSOCIATED COLLEGES OF THE MIDWEST 11 EAST ADAMS SUITE 800 CHICAGO IL 60603 EDUCATION SERVICES 343207 FURMAN BROS LANDSCAPING 13447 E LAKE SHORE RD CLINTON WI 53525 MAINTENANCE 290417 CORPORATE CONTRACTORS 3800 GATEWAY BLVD NO 200 BELOIT WI 53511 CONSTRUCTION 277375 22 14440 1439576 15043861 1440631 16497877 TUITION & FEES 812900 50806669 50806669 ROOM, BOARD & OTHER 812900 8015588 8015588 58822257 4495507 4495507 2228 2228 25220187 16940407 62921 8279780 -62921 8216859 8216859 8126 14440 20324 -12198 -12198 MISCELLANEOUS INCOME 900099 973232 -19907 993139 CONFERENCES 721000 140422 140422 1113654 89136184 58822257 120515 13695535 25378724 25378724 1711073 1711073 1991421 619354 1058980 313087 19934876 15195603 3512974 1226299 1380053 1031818 252371 95864 3424703 2378898 895949 149856 1538463 1125200 324791 88472 124031 119749 4282 90900 90900 141000 141000 108385 108385 3065787 2161345 859450 44992 42540 26903 15637 1983196 1319737 502606 160853 583122 196091 384721 2310 4210 4210 1261642 1261642 1399222 1213644 99106 86472 286906 243383 36289 7234 3179013 3179013 4058500 3095638 962862 291421 3935 256382 31104 FOOD SERVICE 3362282 3246380 68769 47133 REPAIRS & MAINTENANCE 693506 131012 561957 537 MISCELLANEOUS OTHER 600694 225826 355603 19265 COLLECTIONS 559948 559948 77195618 64309377 10467481 2418760 368783 229250 5226858 8732518 3042641 2959897 383211 453618 5804634 5348721 28698 18214 339977 270352 135532395 63743770 73593652 71788625 144285660 154703531 14656 12900 4400308 4460642 237489078 248978268 5771950 6506398 1953385 1962292 57735500 57585500 10570637 12866082 76031472 78920272 X 54068515 56915970 26632901 28870871 80756190 84271155 161457606 170057996 237489078 248978268 X 11940566 -514603 -2825573 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 85000 312237 1 1 722579 X X X 0 142277624 7116112 11644597 1428798 5112917 154496618 129711883 6825933 13941212 1338607 6862797 142277624 113282605 2651213 19722487 1307842 4636580 129711883 118664445 2774411 -2634589 1206005 4315657 113282605 102942506 4474866 15831503 1238397 3346033 118664445 0.31000 0.55000 0.14000 0 0 1593634 1593634 113654657 52331636 61323021 75744 75744 0 8475679 6404092 2071587 11732681 4932298 6800383 71788625 STUDENT DEPOSITS 477527 FUNDS HELD FOR OTHERS 311205 ANNUITIES PAYABLE 3881274 INTEREST RATE EXCHANGE LIABILITY 8196076 12866082 X 58618256 -514603 -29895046 -30409649 89027905 108279 108279 89136184 50017866 20324 20324 49997542 108279 27089797 27198076 77195618 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 INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2015 AND 2014. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE U.S. AND STATE TAXING AUTHORITIES ARE FOR THE YEARS 2012 TO 2014, WHICH STATUTES EXPIRE IN 2015 TO 2017, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -27,089,797. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,483,060. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 42,429. SPECIAL EVENTS EXPENSE 20,324. INTEREST RATE SWAP LOSS -1,384,942. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 20,324. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 27,089,797. 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 NATION WIDE BUT WORLD WIDE. 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 SOUTH AMERICA 0 0 EDUCATIONAL SERVICES PROGRAM SERVICES 74330 EUROPE/ICELAND/GREENLAND 0 0 EDUCATIONAL SERVICES PROGRAM SERVICES 310503 SUB-SAHARAN AFRICA 0 0 EDUCATIONAL SERVICES PROGRAM SERVICES 13167 MIDDLE EAST AND NORTH AFRICA 0 0 EDUCATIONAL SERVICES PROGRAM SERVICES 7700 EAST ASIA AND THE PACIFIC 0 0 EDUCATIONAL SERVICES, ABROAD STUDENT SUPPORT PROGRAM SERVICES 86415 0 0 0 0 0 0 492115 0 492115 SCHOLARSHIP SOUTH AMERICA 13 167405 SEE PART VI SCHOLARSHIP EUROPE/ ICELAND/ GREENLAND 64 877315 SEE PART VI SCHOLARSHIP RUSSIA 8 98201 SEE PART VI SCHOLARSHIP SUB-SAHARAN AFRICA 5 71860 SEE PART VI SCHOLARSHIP MIDDLE EAST / NORTH AFRICA 11 111609 SEE PART VI SCHOLARSHIP EAST ASIA / PACIFIC 23 309991 SEE PART VI SCHOLARSHIP SOUTH ASIA 4 37412 SEE PART VI SCHOLARSHIP CENT. AMERICA / CARIBBEAN 2 37280 SEE PART VI 0 0 0 0 0 0 PART I, LINE 2: IN CASES WHERE FUNDS ARE SPENT AWAY FROM CAMPUS, APPROPRIATE DOCUMENTATION IS REQUIRED TO BE SUBMITTED AND APPROVED TO SUBSTANTIATE THE EXPENSE. PART III, COLUMN (E) GRANT FUNDS AWARDED IN THE FORM OF STUDENT FINANCIAL ASSISTANCE IS CREDITED TO THEIR TUITION ACCOUNT TO ASSIST IN COVERING THE COST OF TUITION. X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 CONSULTATION ON PHONATHON 0 470925 141000 329925 470925 141000 329925 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 BUC OPEN 22566 14440 8126 633 3900 4791 11000 22566 14440 8126 633 3900 4791 11000 20324 -12198 SCHEDULE G, PART I, LINE 2: ADDRESS OF FUNDRAISER: 1025 KIRKWOOD PKWY SW, CEDAR RAPIDS, IA 52404 1 STUDENT FINANCIAL ASSISTANCE 1247 25378724 0 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 X 0 0 0 0 0 0 0 0 0 DR ANN DAVIES PROVOST & DEAN OF THE COLLEGE 166396 0 0 0 0 0 16591 0 15650 0 198637 0 0 0 DR CHRISTINA KLAWITTER DEAN OF STUDENTS 133571 0 0 0 0 0 13087 0 9994 0 156652 0 0 0 DR H SCOTT BIERMAN PRESIDENT 396472 0 40170 0 5000 0 25500 0 25032 0 492174 0 0 0 MR R JEFF PUCKETT VP EXTERNAL AFFAIRS 233839 0 0 0 0 0 24002 0 23183 0 281024 0 0 0 MS LAURIE STICKELMAIER VP FINANCE & PLANNING/TREASURER 204029 0 0 0 0 0 21176 0 20637 0 245842 0 0 0 MS LORI RHEAD VP HR & OPERATIONS 124688 0 0 0 0 0 13087 0 19330 0 157105 0 0 0 MR ROBERT MIRABILE VP ENROLLMENT 137420 0 0 0 0 0 6523 0 16423 0 160366 0 0 0 MS BETH MONTIERO EXEC DIR DEV OPER & GIFT PLANNING 142406 0 0 0 0 0 14887 0 21538 0 178831 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 PAID FOR BY THE COLLEGE WAS THAT OF THE PRESIDENT'S SPOUSE. 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. HOUSING ALLOWANCE OR RESIDENT FOR PERSONAL USE - 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 ASSISTANCE WITH SUCH USE. A WISC HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 97710BTF9 2010-04-28 28394743 REFINANCE OF 2007 SERIES BOND 1 1 0 B WISC HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2014-05-09 29775000 CURRENT REFUND BONDS ISSUED APRIL 28, 2010 0 0 0 A 28394743 400960 1983783 26010000 2010 1 0 1 1 B 150000 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 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 CHASE BANK 22.063000000000 0 0 0 0 1 A 1 B 1 DIANE HENDRICKS TRUSTEE 299149 SEE PART V 0 SCHEDULE L, PART IV, LINE 1(D): CORPORATE CONTRACTORS INC. (CCI) RECEIVED $299,148.98 FOR CONSTRUCTION PROJECTS ON CAMPUS. (CCI) IS OWNED BY HENDRICKS HOLDINGS WHICH IS OWNED BY DIANE HENDRICKS. X 9 NO VALUE ASSIGNED X NO VALUE ASSIGNED X 30 1605797 COST OR MARKET X NO VALUE ASSIGNED X 1 NO VALUE ASSIGNED X 9 NO VALUE ASSIGNED X COMPUTER SOFTWARE 0 0 OTHER 0 1 1 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 III, LINE 1: BELOIT 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. FORM 990, PART VI, SECTION A, LINE 1 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 TRUSTEE 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 TRUSTEE 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 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 APRIL AUDIT COMMITTEE MEETING. THE APRIL 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 APRIL 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. 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 COLLEGE ASSN (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. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEB SITE. OTHER DOCUMENTS MAY BE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,483,060. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 42,429. INTEREST RATE SWAP LOSS -1,384,942.