2016-05-05T08:42:50-07:00 2015-06-30 TD&T CPAs and Advisors PC 317 HIGH AVE E OSKALOOSA IA 525772823 990 2014-07-01 420680344 Central College CENT 6416285274 812 University Pella IA 50219 SHERYL KAMERICK Controller 2016-05-04 true Joseph B Ryan CPA P00769873 6416722523 2014 2016-08-17 19:52:53Z 75018437 false false X WWW.CENTRAL.EDU X 1853 IA Central College is a residential liberal arts college dedicated to helping students discover and develop their greatest potential. Guided by its ecumenical Christian tradition, the college community engages in vigorous, open inquiry in pursuit of academic excellence. 33 33 1801 838766 9187652 10969681 56360140 60229179 3621111 3683414 39442 95352 69208345 74977626 20377792 23340750 0 21636190 22541002 0 2621910 23437487 23915270 65451469 69797022 3756876 5180604 191727699 194072252 66905158 66794554 124822541 127277698 X Central College is a residential liberal arts college dedicated to helping students discover and develop their greatest potential. Guided by its ecumenical Christian tradition, the college community engages in vigorous, open inquiry in pursuit of academic excellence. The college nurtures the development of the mind, while fostering spiritual and emotional maturity and physical well-being. Central integrates career preparation with the development of values essential to responsible citizenship, empowering graduates for effective service in local, national, and international communities. false false 43230570 22047242 43608496 PROVIDED EDUCATIONAL SERVICES RELATED TO CLASSROOM TEACHING, LABORATORY EXPERIENCES, AND PROGRAM SERVICE TO 1,358 STUDENTS, INCLUDING 1,327 RECEIVING INSTITUTIONAL FINANCIAL ASSISTANCE. 10389830 14720096 PROVIDED ROOM AND BOARD ON A RESIDENTIAL CAMPUS TO 1,257 STUDENTS LIVING IN RESIDENTIAL UNITS AND 1,259 STUDENTS WITH BOARD CONTRACTS. 8783709 600210 EXPENSES RELATED TO PROVIDING PERSONAL SERVICES AND ACTIVITIES FOR STUDENTS AT A RESIDENTIAL COLLEGE, INCLUDING COUNSELING, EXTRA-CURRICULAR ACTIVITIES, HEALTH CENTER, ADMISSIONS, AND STUDENT GOVERNMENT. 1293508 1293508 1300377 63697617 true true false false false false false true false true true true false false true true true false true true true false false false false false false false true true true false false false false false false true false false false true false false false false false false false false false true 3926 0 true 1801 true true true true OC false false false false false 0 false false false false false false false false false false X 33 33 false false false false false false false true true false false true true true true true true true true false X SHERYL KAMERICK 6416285274 812 UNIVERSITY PELLA IA 50219 JEFF OLIVER Trustee 0.00 0.00 X 0 0 0 KENNETH BRASKAMP Trustee 0.00 0.00 X 0 0 0 PETER CARTWRIGHT VICE CHAIR 0.00 0.00 X X 0 0 0 VERNON DEN HERDER Trustee 0.00 0.00 X 0 0 0 TEJ DHAWAN Trustee 0.00 0.00 X 0 0 0 KAREN DORSEY Trustee 0.00 0.00 X 0 0 0 JULIE FISHER Trustee 0.00 0.00 X 0 0 0 SHAYLA FROM Secretary 0.00 0.00 X X 0 0 0 TERRY GARVIN Trustee 0.00 0.00 X 0 0 0 JAMES ISRAEL Trustee 0.00 0.00 X 0 0 0 BARBARA KNIFF-MCCULLA Trustee 0.00 0.00 X 0 0 0 THOMAS KOOS Trustee 0.00 0.00 X 0 0 0 KEVIN KORVER Trustee 0.00 0.00 X 0 0 0 J LANIER LITTLE Chairman 4.00 0.00 X X 0 0 0 SOPHIE MATHONNET-VANDER WELL Trustee 0.00 0.00 X 0 0 0 REV CHARLES MORRIS VICE CHAIR 0.00 0.00 X X 0 0 0 KATHY SIKKEMA Trustee 0.00 0.00 X 0 0 0 CHIP GRIFFITH Trustee 0.00 0.00 X 0 0 0 KARIN PETERSON Trustee 0.00 0.00 X 0 0 0 BARBARA PETTITT Trustee 0.00 0.00 X 0 0 0 STAN POORTINGA Trustee 0.00 0.00 X 0 0 0 RICK RYAN Trustee 0.00 0.00 X 0 0 0 JOHN SCHMIDT Trustee 0.00 0.00 X 0 0 0 DONNA SMITH Trustee 0.00 0.00 X 0 0 0 HARRY SMITH VICE CHAIR 0.00 0.00 X X 0 0 0 ROBERT VERMEER Trustee 0.00 0.00 X 0 0 0 DEANNA VER STEEG Trustee 0.00 0.00 X 0 0 0 CLAY THOMPSON Trustee 0.00 0.00 X 0 0 0 JUDITH VOGEL Trustee 0.00 0.00 X 0 0 0 STEVE SIKKINK Trustee 0.00 0.00 X 0 0 0 MARY WORSTELL Trustee 0.00 0.00 X 0 0 0 BERNADETTE ALLEN Trustee 0.00 0.00 X 0 0 0 DENNY HANSON Trustee 0.00 0.00 X 0 0 0 MARK PUTNAM President 40.00 0.00 X 235934 0 37409 SHERYL KAMERICK Controller 40.00 0.00 X 79893 0 9376 MARY STREY VP ACADEMIC AFFAIRS 40.00 0.00 X 169389 0 34895 BILL NORTHUP VP OF DEVELOPMENT 40.00 0.00 X 157647 0 21002 ROBERT FRANKS PROFESSOR 40.00 0.00 X 102443 0 10362 CAROL WILLIAMSON VP ENROLLMENT MGMT 40.00 0.00 X 108973 0 11118 854279 124162 5 false true false ELLUCIAN INC 62814 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE PROVIDER 311838 WEITZ 5901 THORNTON AVE DES MOINES IA 50321 GENERAL CONTRACTOR 1880113 LMC INSURANCE & RISK MANAGEMENT 4200 UNIVERSITY STE 200 WEST DES MOINES IA 50266 INSURANCE 436840 ROYAL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 CONSULTANT 474597 EAGLE ELECTRIC 760 218TH PLACE PELLA IA 50219 ELECTRICIAN 337914 12 10969681 639060 10969681 AUXILIARY 611600 14720096 13890035 830061 EDUCATIONAL 611600 600210 591505 8705 GOVT TRIO 611600 1300377 1300377 TUITION 611600 43608496 43608496 60229179 3679221 3679221 4193 4193 0 136163 40811 95352 95352 95352 0 0 0 0 0 74977626 59390413 838766 3778766 0 23340750 23340750 0 0 877330 218380 462659 196291 0 17119931 14730774 1360406 1028751 1195406 1036301 92869 66236 2222827 1930059 206239 86529 1125508 955540 96953 73015 305143 111042 167535 26566 136085 136085 69186 69186 0 0 0 0 1087767 342939 3155 741673 1950513 1477727 322200 150586 573314 256286 304491 12537 0 870634 852166 9536 8932 953652 790855 34679 128118 0 210594 94708 66716 49170 2865835 2857224 6832 1779 0 3806790 3721689 66081 19020 273617 269166 2238 2213 OPERATIONAL MAINTENANCE 3348111 3248728 69113 30270 OFF CAMPUS PROGRAMS 2463483 2463483 FOOD 2047715 2047715 OTHER(INC CAB) 1659323 1658577 522 224 1293508 1293508 69797022 63697617 3477495 2621910 4771167 8440803 5530470 6360873 4880081 3970720 950668 642771 0 0 2998841 3051021 191349 259868 714147 910897 157700173 70325625 86843499 87374548 46444511 37640830 37704845 44703194 0 0 698121 716727 191727699 194072252 2360740 2473081 638458 565994 60743726 59913690 710237 3162234 3131552 66905158 66794554 X 63773720 63340523 14634631 16431722 46414190 47505453 124822541 127277698 191727699 194072252 5180604 -2725447 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 367503 X X X X false 79887626 1220021 933156 1504609 1995391 78540803 71067325 1292161 10928140 1458338 1941662 79887626 68072256 970603 5424466 2368163 1031837 71067325 73107882 864031 -2513556 1205950 2180151 68072256 64144344 1230683 11140659 1074512 2333292 73107882 0.33000 0.57000 0.10000 false false false 6635342 6635342 127031775 48663236 78368539 23642599 21662389 1980210 390457 390457 87374548 44703194 ANNUITIES PAYABLE 864129 US GOVT GRANT REFUNDABLE 2267423 3131552 X 48952240 -2725447 40811 -2684636 51636876 23340750 23340750 74977626 46497083 40811 40811 46456272 23340750 23340750 69797022 Part III, Line 4: Description of organization's collections and how it furthers its purpose. PAINTINGS AND INDIAN JEWELRY COLLECTION USED IN ACADEMIC CLASSES, PUBLIC DISPLAY ON CAMPUS, AND LOANED TO OTHER NON-PROFIT ORGANIZATIONS WITH NO FEE. Part V, Line 4: Intended uses of the endowment fund. THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO FUND EDUCATIONAL SCHOLARSHIPS AND AWARDS FOR CENTRAL COLLEGE STUDENTS, FACULTY, AND SUPPORT FOR ENDOWED CHAIRS, AND ADDITIONAL SPECIAL PROJECTS FOR FACULTY MEMBERS AND THE MUSIC DEPARTMENT. Part X : FIN48 Footnote 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. The College 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 June 30, 2015 and 2014. The Colleges tax returns are subject to review and examination by federal and state authorities. The tax returns for fiscal years 2012 and thereafter are open to examination by federal and state authorities. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 RENTAL EXPENSES $40811 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S SCHOLARSHIPS REPORTING ADJ $23340750 Part XII, Line 2d: Other expenses and losses per audited F/S RENTAL EXPENSES $40811 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S SCHOLARSHIPS REPORTING ADJ $23340750 true true true true true true true false false false false false false false false true false true Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency Central College receives Title IV Financial Aid for students from the Department of Education: Pell Grant, Seog, Work Study Funds, Teacher Education Grants/Loans, and Direct Loans. Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized CENTRAL COLLEGE ADMITS STUDENTS ON THE BASIS OF ACADEMIC QUALIFICATIONS WITHOUT REGARD TO SEX, RACE, COLOR, CREED, NATIONAL OR ETHNIC ORIGIN, OR PHYSICAL HANDICAP. CENTRAL COLLEGE STUDENTS HAVE EQUAL RIGHTS, PRIVILEGES, AND RESPONSIBILITIES UNLESS SPECIFICALLY RESTRICTED BY DISCIPLINARY PROCESS. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race EUROPE & UK 6 6 PROGRAM SERVICES SCHOOL EDUCATIONAL 3092109 NORTH AMERICA 1 1 PROGRAM SERVICES SCHOOL EDUCATIONAL 277471 7 7 7 7 3369580 3369580 false false false false false false true 0 0 CENTRAL COLLEGE AWARDED FIN AID 1327 21836141 CENTRAL ENDOWED SCHOLARSHIPS 450 1504609 Additional Supplemental Information CENTRAL COLLEGE PROCEDURE FOR MONITORING GRANTS:CENTRAL COLLEGE EMPLOYEES REVIEW COMPLIANCE FOR ALL FEDERAL, STATE, AND PRIVATE GRANTS RECEIVED. IN ADDITION, CENTRAL COLLEGE PARTICIPATES IN AN A-133 AUDIT ON AN ANNUAL BASIS FROM OUR EXTERNAL AUDIT FIRM. X X true true X X X X false false false false false false false false false false BILL NORTHUP VP OF DEVELOPMENT 157647 20680 322 178649 MARK PUTNAM President 235934 24108 13301 273343 MARY STREY VP ACADEMIC AFFAIRS 169389 18183 16712 204284 Part I, Line 1a: Relevant information in regards to selections on 1a. Part III, Additional Information CENTRAL COLLEGE OWNED PROPERTY IS PROVIDED TO THE PRESIDENT. THE PROPERTY IS USED FOR MANY COLLEGE FUNCTIONS, MEALS, AND RECEPTIONS INVOLVING FACULTY, STAFF, STUDENTS, DONORS, AND THE GENERAL PUBLIC THROUGHOUT THE YEAR. THERE IS NO PRIVATE RESIDENCE FOR THE FAMILY.SOCIAL CLUB DUES ARE PAID BY THE COLLEGE AND TREATED AS A TAXABLE BENEFIT.THE PRESIDENT PAYS FOR ANY PERSONAL MEALS. A CITY OF PELLA 426005115 000000000 2005-06-29 2100000 SEE PART VI false false false B IOWA HIGHER EDUCATION ATH 421235696 000000000 2014-07-02 10445493 REFUND PRIOR ISSUE 9-4-08 false false false C IOWA HIGHER EDUCATION ATH 421235696 462460W69 2012-06-14 35935048 REFUND PRIOR ISSUE 5-22-01 false false false D IOWA HIGHER EDUCATION ATH 421235696 462460W77 2012-06-14 14803707 REFUND PRIOR ISSUE 9-4-08 false false false A 1243391 2105537 27486 2078052 2005 false false true true B 256920 10448260 670537 177424 9600298 2011 true false true true C 1315000 35922727 2840673 569420 35303197 2003 true false true true D 14804121 1509914 244207 13050000 2011 true false true true A false false false false false false true B false false false false false false true C false false false false false false true D false false false false false false true A false false true true false false false true B false true true false false false false true C true false false false true D true false false false true A true B true C true D true Part VI Schedule K, Part IV, Arbitrage, Line 2c:(a) Issuer Name: City of Pella Date the Rebate Computation was Performed: 12/29/2006Part IV, Line 2c, column A - Since the bond proceeds have been spent, a spending exception was met, and the debt service fund was operated on a bona fide basis, no further rebate calculations are necessary.Part I, Line A, column (f) - Construct Instructional Building, Remodel Dormitory, OtherPart II, Line 3, columns A & B - The total proceeds do not agree to the issue price in Part I, column (e) due to investment earnings/loss.Part II, Line 3, column C - The total proceeds do not equal the summation of lines 4-12 due to transferred or replacement proceeds in line 4. DEPENDENT WAIVER 33686 NONCASH TUITION BENEFIT X 23 635992 STOCK EXCHANGE X ALUMNI EVENT 1 3068 FAIR VALUE false true true Part I, Line 32, Hire and Use of Third Parties CENTRAL COLLEGE USES US BANCORP TO PROCESS AND SELL DONATED SECURITIES. DONORS TRANSFER SECURITIES TO CENTRAL'S BROKERAGE ACCOUNT. SECURITIES ARE SOLD IMMEDIATELY PER BOARD POLICY AND FUNDS ARE DEPOSITED INTO OUR CHECKING ACCOUNT AT US BANK. Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: GOVERNMENT-SPONSORED TRIO PROGRAMS - EXPENSES OF FEDERAL GRANT PROGRAM Form 990, Part VI, Line 11b: Form 990 Review Process FORM 990 IS REVIEWED BY GOVERNANCE BOARD OF THE COLLEGE BEFORE FILING. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts CONFLICT OF INTEREST DOCUMENT IS COMPLETED EACH YEAR AND MONITORED BY THE TREASURER'S OFFICE. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees PRESIDENT'S SALARY IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES COMPENSATION COMMITTEE. SALARIES OF KEY EMPLOYEES AND OFFICERS ARE APPROVED BY DIRECT REPORTS. ALL SALARIES ARE MONITORED BY THE BUSINESS OFFICE MONTHLY. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available AVAILABLE UPON REQUEST FORM 990, PART V, LINE 4B NAMES OF ADDITIONAL FOREIGN COUNTRIES: SPAIN, FRANCE, AUSTRIA, NETHERLANDS, MEXICO. FORM 990, PART XI, LINE 5, OTHER CHANGES IN NET ASSETS OR FUND BALANCE NET REALIZED LOSS ON INVESTMENTS $-2,725,447 SCHEDULE K, PART I, LINE A, COLUMN F CONSTRUCT INSTRUCTIONAL BUILDING, REMODEL DORMITORY, OTHER SCHEDULE K, PART I, LINE D, COLUMN (F) PARTIAL REFUND PRIOR ISSUE (09/04/08) SCHEDULE K, PART II, LINE 3 THE TOTAL PROCEEDS DO NOT EQUAL THE SUMMATION OF LINES 4-12 DUE TO TRANSFERRED OR REPLACEMENT PROCEEDS IN LINE 4. SCHEDULE K, PART II, LINE 3, COLUMNS A & C THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (e) DUE TO INVESTMENT EARNINGS.