2016-05-12T16:40:53-05:00 2015-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE FLOOR 32 MILWAUKEE WI 53202 990 2014-07-01 370661496 CARTHAGE COLLEGE CART 2625518500 2001 ALFORD PARK DR KENOSHA WI 53140 WILLIAM ABT CIO, SENIOR VP AND TREASURER 2625518500 2016-05-11 1 TROY E MARINE CPA P00187863 4147775500 2014 2016-08-17 19:52:53Z GREGORY WOODWARD 2001 ALFORD PARK DR KENOSHA WI 53140 139889929 0 X WWW.CARTHAGE.EDU X 1847 WI CARTHAGE IS A SCHOOL OF LIBERAL ARTS AND SCIENCES PROVIDING STUDENTS WITH A COLLEGE EDUCATION. CARTHAGE IS AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH OF AMERICA. 24 24 2147 24 1377034 0 3790634 15556842 113465325 117925352 2910069 2237708 -16556 8191 120149472 135728093 42650899 47825006 0 0 38000299 39624823 0 0 1629001 28638204 30498809 109289402 117948638 10860070 17779455 254628518 287164920 51558586 65805089 203069932 221359831 X SEEKING TRUTH, BUILDING STRENGTH, INSPIRING SERVICE - TOGETHER 0 0 30634694 97279214 INSTRUCTION: CARTHAGE COLLEGE AWARDS THE BACHELOR OF ARTS DEGREES WITH MAJORS IN MORE THAN 40 SUBJECT AREAS AND THE MASTER OF EDUCATION DEGREE. CARTHAGE ALSO HOSTS A JOINT MASTER OF SOCIAL WORK DEGREE AWARDED BY LOYOLA UNIVERSITY. THE 2014-2015 ACADEMIC YEAR ENROLLMENT WAS 2,748 FULL TIME EQUIVALENT (FTE) STUDENTS IN THE FALL SEMESTER AND 2,603 FTE STUDENTS ENROLLED IN THE SPRING SEMESTER. OF THE TOTAL NUMBER OF STUDENTS ENROLLED IN 2014-2015 ACADEMIC YEAR, 551 MET THE UNDERGRADUATE REQUIREMENTS OF GRADUATION AND 25 MET THE GRADUATE REQUIREMENTS FOR THE MASTERS IN EDUCATION. 57447907 47825006 903584 STUDENT SERVICES: CARTHAGE BOASTS A LONG-STANDING COMMITMENT TO EDUCATING THE WHOLE PERSON BY NOURISHING THE INTELLECTUAL, SPIRITUAL, EMOTIONAL, SOCIAL AND PHYSICAL DIMENSIONS OF STUDENTS' LIVES. THE COLLEGE OFFERS A CURRICULUM THAT CHALLENGES STUDENTS TO THINK CRITICALLY AND EXPRESS THEMSELVES EFFECTIVELY, A CAMPUS LIFE THAT ENCOURAGES INVOLVEMENT AND SERVICE (OVER 90 STUDENT ORGANIZATIONS), A COMMUNITY OF FAITH THAT NURTURES SPIRITUAL GROWTH AND DEVELOPS MORAL RESPONSIBILITY, AND CO-CURRICULAR ACTIVITIES THAT INSPIRE STUDENTS TO TEST THEIR OWN LIMITS AND EXPRESS THEIR INDIVIDUALITY. THE AWARD WINNING STATE-OF-THE-ART HEDBERG LIBRARY UNITES BOOKS, PERIODICALS, ACADEMIC COMPUTING, NETWORK DATA PORTS AND MULTIMEDIA RESOURCES. 11898427 18365520 AUXILIARY ENTERPRISES AT CARTHAGE COLLEGE ARE COMPRISED OF 13 RESIDENCE HALLS ON CAMPUS, 9 DINING VENUES, AND A BOOKSTORE FOR STUDENTS, FACULTY AND STAFF. OF THE TOTAL STUDENT BODY, 67.03% OF ENROLLED STUDENTS LIVED ON-CAMPUS AND PARTICIPATED IN THE RESIDENT STUDENT BOARD PLAN. 1,720 STUDENTS RESIDED IN CAMPUS HOUSING DURING THE 2014-2015 ACADEMIC YEAR. 103473 PUBLIC SERVICE EVENTS CONSIST OF MUSIC AND/OR COMEDY CONCERTS, BUSINESS COALITION LUNCHES AND FAMILY FUN NIGHTS WHICH PROVIDE ENTERTAINMENT/ACTIVITIES THAT ARE OPEN TO THE GENERAL PUBLIC. DIFFERENT EVENTS ARE HELD THROUGHOUT THE ENTIRE ACADEMIC YEAR. 103473 100084501 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 694 0 1 2147 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 WI X X WILLIAM ABT 2625516200 2001 ALFORD PARK DRIVE KENOSHA WI 53140 WILLIAM MADDEN TRUSTEE 1.00 X 0 0 0 NICHOLAS PINCHUK TRUSTEE 1.00 X 0 0 0 ROSS ANDERSON TRUSTEE 1.00 X 0 0 0 WILLIAM KELLEY TRUSTEE 1.00 X 0 0 0 THOMAS LENTZ TRUSTEE 1.00 X 0 0 0 SCOTT LANG TRUSTEE 1.00 X 0 0 0 DAVID STRAZ TRUSTEE, CHAIR 1.00 X X 0 0 0 DENNIS MONROE TRUSTEE 1.00 X 0 0 0 RICHARD CHRISTMAN TRUSTEE 1.00 X 0 0 0 ANDREW PALMEN TRUSTEE 1.00 X 0 0 0 LOREN SEMLER TRUSTEE 1.00 X 0 0 0 JOHN GORTON TRUSTEE 1.00 X 0 0 0 GINA MADRIGRANO FRIEBUS TRUSTEE, SECOND VICE CHAIR 1.00 X X 0 0 0 JUNE WALLER TRUSTEE 1.00 X 0 0 0 JOHN SLADEK TRUSTEE 1.00 X 0 0 0 MARILYN HEDBERG TRUSTEE 1.00 X 0 0 0 MARY BISHOP TRUSTEE 1.00 X 0 0 0 THOMAS KIESO TRUSTEE 1.00 X 0 0 0 THOMAS BOLGER TRUSTEE 1.00 X 0 0 0 GARY WILSON TRUSTEE 1.00 X 0 0 0 JEFF HAMAR TRUSTEE, FIRST VICE CHAIR 1.00 X X 0 0 0 HOYT HARPER II TRUSTEE 1.00 X 0 0 0 REV JEFF BARROW TRUSTEE 1.00 X 0 0 0 REV WAYNE MILLER TRUSTEE 1.00 X 0 0 0 GREGORY WOODWARD PRESIDENT 40.00 X 304489 0 55401 DEAN CLARK VICE PRESIDENT 40.00 X 143209 0 16351 BRADLEY ANDREWS SENIOR VICE PRESIDENT 40.00 X 181290 0 40964 MOLLY O'SHEA POLK VICE PRESIDENT 40.00 X 131835 0 24960 PAUL HEGLAND SECRETARY 40.00 X 123170 0 24590 THOMAS KLINE ASSOCIATE VICE PRESIDENT 40.00 X 130103 0 9355 WILLIAM ABT TREASURER 40.00 X 324175 0 22074 EVELYN BUCHANAN VICE PRESIDENT 40.00 X 0 0 0 DAVID GARCIA PROVOST 40.00 X 93616 0 7770 JULIO RIVERA PROFESSOR 40.00 X 139433 0 15885 ROBERT BONN ATHLETIC DIRECTOR 40.00 X 142892 0 38196 KURT PIEPENBURG PROFESSOR 40.00 X 174617 0 15780 PAUL ZAVADA PROFESSOR 40.00 X 142187 0 25150 TODD KELLEY VP LIBRARY AND TECHNOLOGY 40.00 X 151617 0 21107 GREGORY CAMPBELL FORMER PRESIDENT 40.00 X 320000 0 0 2502633 0 317583 37 1 1 0 RILEY CONTSTRUCTION 5301 99TH AVENUE KENOSHA WI 531442296 GENERAL CONTRACTOR 11682712 SODEXO INC 4880 PAYSPHERE CIR CHICAGO IL 60674 FOOD SERVICE 5853969 BARNES AND NOBLE BOOKSELLERS 120 MOUNTAIN VIEW BLVD BASKING RIDGE NJ 07920 BOOKS AND RETAIL 1643097 ALLIED BARTON SECURITY SERVICES 111 EAST KILBOURN AVE STE 1875 MILWAUKEE WI 53202 SECURITY 996582 STANTEC INC 12075 CORPORATE PKWY STE 200 MEQUON WI 53092 ARCHITECT 469185 31 82653 1450066 14024123 187398 15556842 TUITION AND FEES 611710 97279214 97279214 AUX. ENTERPRISE 611710 19742554 18365520 1377034 ATHLETIC DEPT. INCOME 611710 632067 632067 OTHER STUDENT SERVICES 611710 271517 271517 117925352 1951193 1951193 4409783 4123268 286515 286515 286515 46759 82653 38568 8191 8191 135728093 116548318 1377034 2245899 47825006 47825006 1713663 1277578 396270 39815 27992171 20868849 6472961 650361 1961194 1462118 453510 45566 5958417 4442146 1377835 138436 1999378 1490585 462340 46453 146494 109215 33876 3403 100112 74636 23150 2326 60481 60481 6360198 4770437 1441094 148667 275757 205583 63767 6407 6627152 4940704 1532475 153973 1047524 780955 242231 24338 4322398 3219400 1002294 100704 1580583 1178363 365497 36723 193813 144492 44818 4503 859945 641110 198855 19980 5546095 4134750 1282489 128856 724408 540064 167513 16831 GENERAL INSTITUTIONAL 2653849 1978510 613680 61659 117948638 100084501 16235136 1629001 6107116 0 18033790 16073282 868487 1396858 4388231 6209797 2172058 2281921 371093 381429 230019698 72108488 125389316 157911210 85462808 88702199 4104949 13736446 7730670 471778 254628518 287164920 7597448 8008759 2693532 2705765 9279426 10782858 28900000 41500000 868309 759809 2219871 2047898 51558586 65805089 X 140332693 156700954 30420543 31429012 32316696 33229865 203069932 221359831 254628518 287164920 X 17779455 471569 60481 -21606 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 230349 X X X X 0 80813222 920867 2644834 -12050 84390973 64440221 1909584 14420617 -42800 80813222 54662594 289978 9420926 -66723 64440221 51711717 1378744 993949 -578184 54662594 39118944 1442518 10251593 -898662 51711717 0.29240 0.32560 0.38200 0 0 631935 631935 158919523 33514851 125404672 14530610 4178896 10351714 53962805 33942529 20020276 1974825 472212 1502613 157911210 ANNUITIES PAYABLE 1373228 DEPOSITS HELD IN CUSTODY FOR OTHERS 482046 ASSET RETIREMENT OBLIGATION 140762 CAPITAL LEASE OBLIGATION 51862 2047898 X 88403618 471569 12000 16962 500531 87903087 47825006 47825006 135728093 70113719 12000 38568 50568 70063151 60481 47825006 47885487 117948638 PART III, LINE 4: THE COLLECTION RELATES TO ITEMS FROM THE CIVIL WAR AND IS USED PRIMARILY FOR EDUCATIONAL PURPOSES. PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO FUND SCHOLARSHIPS, EDUCATIONAL PROJECTS, AND OTHER VARIOUS PURPOSES. PART X, LINE 2: 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 COLLEGE'S 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 AUTHORITIES. THE TAX RETURNS FOR FISCAL YEARS 2011 AND THEREAFTER ARE OPEN TO EXAMINATION BY STATE OF WISCONSIN TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 38,568. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -21,606. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS TO STUDENTS 47,825,006. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 38,568. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS TO STUDENTS 47,825,006. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLISHES ITS NONDISCRIMINATORY POLICY IN THE KENOSHA DAILY NEWS AND RACINE JOURNAL TIMES AT VARIOUS POINTS THROUGHOUT THE YEAR. THE COLLEGE FOLLOWS A NONDISCRIMINATORY POLICY REGARDING ALL PROGRAMS. ENROLLMENT OF STUDENTS IS WITHOUT DISCRIMINATION AS TO RACE, RELIGION, SEX, COLOR, OR NATIONAL ORIGIN AND IS PUBLISHED IN THE COLLEGE'S CATALOG AND RECRUITING INFORMATION. RECRUITMENT PROCEDURES ARE DESIGNED AND CARRIED OUT TO REACH ALL RACIAL SEGMENTS IN THE GEOGRAPHIC AREA SERVED. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE PERKINS STUDENT LOAN PROGRAM, FEDERAL WORK STUDY PROGRAM, PELL GRANT PROGRAM, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. STUDENTS ATTENDING CARTHAGE COLLEGE ALSO RECEIVE FINANCIAL ASSISTANCE FROM THE STATE OF WISCONSIN. RED MEN/LADY REDS GOLF 129412 82653 46759 1000 9933 24578 3057 129412 82653 46759 1000 9933 24578 3057 38568 8191 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 2984 47825006 PART I, LINE 2: CARTHAGE COLLEGE OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT-OF-POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 GREGORY WOODWARD PRESIDENT 286989 0 0 0 17500 0 19500 0 35901 0 359890 0 0 0 DEAN CLARK VICE PRESIDENT 143209 0 0 0 0 0 14430 0 1921 0 159560 0 0 0 BRADLEY ANDREWS SENIOR VICE PRESIDENT 181290 0 0 0 0 0 18860 0 22104 0 222254 0 0 0 MOLLY O'SHEA POLK VICE PRESIDENT 131835 0 0 0 0 0 9856 0 15104 0 156795 0 0 0 WILLIAM ABT TREASURER 196675 0 110000 0 17500 0 21404 0 670 0 346249 0 0 0 JULIO RIVERA PROFESSOR 121933 0 0 0 17500 0 15418 0 467 0 155318 0 0 0 ROBERT BONN ATHLETIC DIRECTOR 142892 0 0 0 0 0 15190 0 23006 0 181088 0 0 0 KURT PIEPENBURG PROFESSOR 174617 0 0 0 0 0 15090 0 690 0 190397 0 0 0 PAUL ZAVADA PROFESSOR 142187 0 0 0 0 0 7540 0 17610 0 167337 0 0 0 TODD KELLEY VP LIBRARY AND TECHNOLOGY 151617 0 0 0 0 0 16910 0 4197 0 172724 0 0 0 GREGORY CAMPBELL FORMER PRESIDENT 320000 0 0 0 0 0 0 0 0 0 320000 0 0 0 PART I, LINE 4B WILLIAM ABT HAS A 457F PLAN FUNDED BY THE ORGANIZATION. FOR FISCAL YEAR 6/30/15, THE TOTAL COLLEGE CONTRIBUTION WAS $20,500, AND WITHDRAWALS FROM THE PLAN WERE $0. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES 391337855 2012-06-01 6250000 REFINANCE OF 1999 SERIES BONDS 0 0 0 B WISCONSIN HEALTH AND EDUCATIONAL FACILITIES 391337855 2013-11-14 20000000 FINANCING OF SCIENCE CENTER 0 0 0 C WISCONSIN HEALTH AND EDUCATIONAL FACILITIES 391337855 2015-04-30 10250000 FINANCING OF SCIENCE CENTER 0 0 0 A 6250000 6250000 2012 1 0 1 1 B 20000000 20000000 0 0 1 1 C 10250000 10250000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 JOHNSON BANK PRESIDENT AND CEO OF JOHNSON BANK IS A TRUSTEE OF THE ORGANIZATION 56410 JOHNSON BANK IS THE ORGANIZATION'S PRIMARY BANK, WHICH INCLUDES AN OPEN LINE OF CREDIT. 0 X 1 1000 FAIR MARKET VALUE X 8 75079 FAIR MARKET VALUE X 1 78750 FAIR MARKET VALUE X 1 12000 FAIR MARKET VALUE X 1 300 FAIR MARKET VALUE X PIANOS 2 14000 FAIR MARKET VALUE X INSURANCE 1 415 FAIR MARKET VALUE X HOUSEHOLD ITEMS 1 234 FAIR MARKET VALUE X TICKETS 1 78 FAIR MARKET VALUE X GIFT CERTIFICATE 1 25 FAIR MARKET VALUE 2 0 1 0 PART I, LINE 33: THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF 8 MEMBERS OF THE BOARD OF TRUSTEES, THE COLLEGE PRESIDENT, TREASURER AND ATTORNEY. FORM 990, PART VI, SECTION A, LINE 4 THE COLLEGE MADE SEVERAL CHANGES TO ITS CONSTITUTION THAT WERE IN EFFECT PRIOR TO THE END OF THE TAX YEAR, INCLUDING: MODIFYING THE REQUIREMENT THAT TRUSTEES BE MEMBERS OF AN EVANGELICAL LUTHERAN CHURCH IN AMERICA CONGREGATION; AND ESTABLISHING TERM LIMITS AND RE-ELECTION POLICIES FOR THE ORGANIZATION'S CHAIRMAN, FIRST VICE CHAIRMAN AND SECOND VICE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE HAS BEEN GIVEN THE AUTHORITY TO REVIEW AND APPROVE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL PAYMENTS ARE REVIEWED BY THE BUSINESS OFFICE TO INSURE THERE ARE NO CONFLICTS. ALL EMPLOYEES AND BOARD OF TRUSTEES ARE COVERED BY THE POLICY. DETERMINATIONS AS TO WHETHER CONFLICTS EXIST ARE MADE BY THE CONTROLLER AND VICE PRESIDENT FOR ADMINISTRATION AND BUSINESS. NO CONFLICTS HAVE ARISEN TO DATE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED AND APPROVED BY THE CARTHAGE COLLEGE EXECUTIVE COMMITTEE. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES, THE COLLEGE ATTORNEY AND THE COLLEGE PRESIDENT AND TREASURER. THIS REVIEW IS PERFORMED ANNUALLY BY THE COMMITTEE AND DONE FOR ALL OFFICERS OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 THE CARTHAGE COLLEGE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE INTERNAL DOCUMENTS AND ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -21,606. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS OF THE AUDIT NOR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. CHARITABLE REMAINDER ANNUITY TRUSTS (158) CHARITABLE TRUST WI N/A T 0 CHARITABLE REMAINDER UNITRUST (5) CHARITABLE TRUST WI N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0