2015-04-23T13:38:30-07:00 2014-06-30 990 2013-07-01 930386908 REED INSTITUTE REED 5037777505 3203 SE Woodstock Blvd Portland OR 972028199 Lorraine Arvin Vice President and Treasurer 5037777240 2015-04-23 2013 2016-02-25 16:41:14Z REED COLLEGE Lorraine Arvin 3203 SE Woodstock Blvd Portland OR 972028199 321283898 0 X www.reed.edu X 1908 OR Provide education in the liberal arts and sciences 32 30 1820 3152 -491600 15963181 15802923 72362831 77401004 13030277 14024846 1518640 10043 102874929 107238816 21726858 23371779 0 0 49021979 52190565 37444 25712 4378830 31534849 32272541 102321130 107860597 553799 -621781 666186990 745731927 125382921 133801009 540804069 611930918 The mission of Reed College is to provide education in the liberal arts and sciences. 0 0 1143847 1143847 0 The Institute had 18 research grants funded with federal funds. Departments funded were Biology, Chemistry, Financial Aid, Math, Psychology, Sociology, and Political Science. 83604477 0 62110883 1359 FTE Students, 326 degrees conferred 13/14. 12952000 0 13234897 Auxiliary services - students living in dorms, using dining facilities and bookstore. 0 0 0 97700324 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 1756 0 1 1820 1 1 1 0 0 0 0 0 0 0 0 0 X 32 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X X Lorraine Arvin 5037777240 Vice President and Treasurer 3203 SE Woodstock Blvd Portland OR 972028199 Konrad S Alt '81 Trustee 1 0 X 0 0 0 John D Bergholz '83 Trustee 1 0 X 0 0 0 Matthew P Bergman '84 Trustee 1 0 X 0 0 0 Timothy Boyle Trustee 1 0 X 0 0 0 M Jane Buchan Trustee 1 0 X 0 0 0 Suzanne Cassidy MD '65 Trustee 1 0 X 0 0 0 Richard J Danzig '65 Trustee 1 0 X 0 0 0 Kurt D Delbene '62 Trustee 1 0 X 0 0 0 Donald Engelman '62 Trustee 1 0 X 0 0 0 Jody Hoffer Gittel '84 Trustee 1 0 X 0 0 0 Daniel B Greenberg '62 Trustee 1 0 X 0 0 0 Dennis Henner Trustee 1 0 X 0 0 0 Linda G Howard '70 Trustee 1 0 X 0 0 0 Jay M Hubert '66 Trustee 1 0 X 0 0 0 George M James '77 Trustee 1 0 X 0 0 0 Jeffrey L Kenner Trustee 1 0 X 0 0 0 Anna Hayes Levin Trustee 1 0 X 0 0 0 Alex J Martinez '73 Trustee 1 0 X 0 0 0 Linda H Matthews '67 Trustee 1 0 X 0 0 0 Michael R Mercy M D '87 Trustee 1 0 X 0 0 0 Sandra E Mintz Trustee 1 0 X 0 0 0 Peter Norton '65 Trustee 1 0 X 0 0 0 Margaret Hill Noto '75 Trustee-Secretary 1 0 X 0 0 0 Eduardo Ochoa '73 Trustee 1 0 X 0 0 0 Roger M Perlmutter '73 Trustee-Chairman 1 0 X 0 0 0 John P Sheehy '82 Trustee 1 0 X 0 0 0 Alice Larkin Steiner '74 Trustee 1 0 X 0 0 0 Georges C St Laurent Jr Trustee 1 0 X 0 0 0 Peter C Stockman '77 Trustee 1 0 X 0 0 0 Harriett Tee Taggart Trustee 1 0 X 0 0 0 Richard H Wollenberg '75 Trustee-Vice Chairman 1 0 X 0 0 0 Marcia Yaross '73 Trustee 1 0 X 0 0 0 John R Kroger President 40 0 X X 381690 0 23262 Edwin O McFarlane VP/Treasurer 40 0 X 251748 0 32499 Hugh Porter VP/College Relations 40 0 X 260771 0 39466 Patrick G McDougal VP/Dean of the Faculty 40 0 X 134890 0 18960 Michael Brody VP & Dean of Student Services 40 0 X 176376 0 31129 Nigel J Nicholson Dean of the Faculty 40 0 X 176156 0 30015 Lorraine Arvin VP and Treasurer 40 0 X 0 0 0 Martin Ringle Chief Tech Officer 40 0 X 172453 0 23265 Keith Todd Dean of Admission 40 0 X 166648 0 24291 Jan E Kurtz Director of Development 40 0 X 149241 0 24285 Lisa M Steinman Professor 40 0 X 147207 0 23812 Tracy L Frantel Controller 40 0 X 146559 0 23456 Colin S Diver Former President 0 0 X 210634 0 27378 2374373 0 321818 79 1 1 0 Hoffman Construction Company 805 SW Broadway Ste 2100 Portland OR 97205 Construction 12240286 Bon Appetit Suite 100 2730 Sand Hill Road Menlo Park CA 94025 Food service 3598601 Ameresco Quantum 111 Speen St Ste 410 Framingham MA 01701 Energy services 2841797 Swets Information Services PO Box 827147 Philadelphia PA 191827147 Information services 759284 Washington Roofing Co 1700 SW Hwy 18 McMinnville OR 97128 Roofing 506725 26 0 0 0 0 1269601 14533322 4197455 15802923 Tuition and fees 611710 62110883 62110883 0 0 Auxiliary-dorm fees 611710 6399773 6399773 0 0 Auxiliary-cafeteria fees 611710 5368889 5368889 0 0 Auxiliary-bookstore fees 611710 1466235 1466235 0 0 Other revenue and fees 611710 2055224 2055224 0 0 0 0 0 0 77401004 1016845 0 -491600 1508445 0 0 0 0 0 0 0 0 19922 0 9879 0 10043 0 10043 0 0 10043 227043204 0 214035203 0 13008001 0 13008001 0 0 13008001 0 0 0 0 0 0 107238816 77401004 -491600 14526489 23371779 23371779 1647299 466210 858124 322965 34567240 30699755 1649238 2218247 3121482 2780480 142436 198566 10177294 8810415 671432 695447 2677250 2311920 179583 185747 183274 107783 71129 4362 175165 103756 67283 4126 25712 25712 0 10288466 9547676 546615 194175 7527369 7015015 367489 144865 1474280 867024 572168 35088 1871932 1778335 82365 11232 1961718 1546774 137010 277934 2332385 2215765 102626 13994 4517642 4291760 198776 27106 403606 297053 90054 16499 1536704 1488824 45115 2765 107860597 97700324 5781443 4378830 6697979 6107563 8458293 6484226 13411442 11823884 1255242 852073 5926742 5902069 4147839 4637434 213705180 78722153 131095191 134983027 112988926 136553721 381838299 436877025 367037 1510905 666186990 745731927 7436974 6329393 0 0 1841735 1413955 83701807 81323608 0 0 0 0 206010 97679 0 0 32196395 44636374 125382921 133801009 X 312833062 352047752 68569907 95501981 159401100 164381185 540804069 611930918 666186990 745731927 X -621781 59185506 0 0 0 12563124 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 480398152 5272650 73116008 7227447 15728428 523632 535307303 437080525 8414977 55724447 6481976 13820658 519163 480398152 406008955 37901157 15898933 6108823 15145332 1474365 437080525 365593559 3425302 62757798 6143512 16265381 3358811 406008955 312831008 30295533 49555065 5902283 16632572 4553152 365593599 0.55 0.3 0.15 0 0 2163000 9246257 11409257 0 188170677 66170897 121999780 0 0 0 0 0 14125246 12551256 1573990 0 0 0 0 134983027 Alternative investments 436877025 F 436877025 Postretirement benefits payable 25500282 Liability for split interest agreements 11177015 Refundable loan programs 2756743 Asset retirement obligation 3053284 Swap derivative 2149050 44636374 143311054 59185506 0 0 -312803 58872703 84438351 0 22800465 22800465 107238816 82132032 0 0 0 0 0 82132032 0 25728565 25728565 107860597 Schedule D, Part V, Line 4 The college's endowment funds are used for scholarships, chairs, academic support, library support, student services, and general operating support. Schedule D, Part XI, Line 2d Annuity and life income unrealized gains 312,803 Schedule D, Part XI, Line 4b Scholarships 22,800,465 Schedule D, Part XII, Line 4b Scholarships, 22,800,465, annuity and life income 3,006,819, Odyssey -34,398, Grayco -44,321 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Newspaper announcement is done once a year and statement on Admission website-http://www.reed.edu/diversity/index.html. Schedule E, Part I, Line 6 Financial assistance is from SEOG, Perkins, and Title 4 financial aid. Central America and the Caribbean 0 0 Investments 35179000 Europe (including Iceland and Greenland) 0 0 Investments 1486000 East Asia and the Pacific 0 0 Investments 3534000 0 0 40199000 1 0 0 1 1 0 X X X X X X X 0 1 Reed Grants 650 22482115 0 SEOG 261 209939 0 Oregon State Grants 41 81000 0 Other State Grants 12 9830 0 Other Outside Awards 90 588895 0 Schedule I, Part I, Line 2 A budget based on the grant proposal is entered into the accounting system. Purchases are monitored and approved by the controller and assistant controller. Wages paid are supported by time and effort reports. The grants coordinator reviews grant expenditure reports monthly. Quarterly financial reports are submitted for federal grants. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 John R Kroger President 381690 0 0 0 0 0 19229 0 4033 0 404952 0 0 0 Edwin O McFarlane VP/Treasurer 251748 0 0 0 0 0 24448 0 8051 0 284247 0 0 0 Hugh Porter VP/College Relations 260771 0 0 0 0 0 25500 0 13966 0 300237 0 0 Michael Brody VP & Dean of Student Services 176376 0 0 0 0 0 18047 0 13082 0 207505 0 0 0 Nigel J Nicholson Dean of the Faculty 176156 0 0 0 0 0 16936 0 13079 0 206171 0 0 0 Martin Ringle Chief Tech Officer 134779 0 0 0 37674 0 15557 0 7708 0 195718 0 0 0 Keith Todd Dean of Admission 166648 0 0 0 0 0 16643 0 7648 0 190939 0 0 0 Patrick G McDougal VP/Dean of the Faculty 134890 0 0 0 0 0 12106 0 6854 0 153850 0 0 0 Colin S Diver Former President 210634 0 0 0 0 0 20864 0 6514 0 238012 0 0 0 Jan E Kurtz Director of Development 149241 0 0 0 0 0 15108 0 9177 0 173526 0 0 0 Lisa M Steinman Professor 147207 0 0 0 0 0 14581 0 9231 0 171019 0 0 0 Tracy L Frantel Controller 146559 0 0 0 0 0 14483 0 8973 0 170015 0 0 0 Schedule J, Part I, Line 1a Residence and house cleaning are provided for the President. This is required as a condition of employment and is not considered taxable compensation. A Oregon Facilities Authority 936001787 68608JJE2 2008-04-23 47060000 See Part VI 0 0 0 B Oregon Facilities Authority 936001787 68608JNAS 2011-03-22 40030000 See part VI 0 0 0 A 5350000 0 47060000 0 977670 0 460000 0 0 0 45622338 0 2008 1 0 1 1 B 0 0 40030000 0 0 0 378528 0 0 20076273 19575199 0 2013 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 1 1 UBS 13 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 Schedule K, Part I, Column f-04/23/2008 47,060,000 Oregon Facilities Authority The 2008 Bonds were issued to provide funds needed by the college to redeem and retire the 2006 and 2007 Bond issues. Schedule K, Part I, Column f-03/22/2011 40,030,000 Oregon Facilities Authority The 2011 Bonds were issued to provide funds for the refunding of the 2000 Bond issue and the planning, construction and financing of a performing arts building for the music, dance and theatre departments. Margaret Hill Noto Trustee 112512 Legal services provided by Stoel Rives 0 X 1 2800 opinions of experts X 11843 opinions of experts X 88 4158312 market value X Musical Instruments 1 24500 opinion of expert 0 0 1 0 Schedule M, Part I, Line 1 The numbers reported in Part I, column (b) represent the number of items contributed. Form 990, Part VI, Section B, Line 11b A electronic draft of the form 990 is provided to the Audit Committee of the Board of Trustees. The committee reviews, discusses, and provides input to management. After the Audit Committee accepts the form 990, it is made available to all Trustees for review. After any further trustee questions are resolved, the form 990 is filed. Form 990, Part VI, Section B, Line 12c Reed requires all officers and institutional trustees to complete a conflict of interest form annually. The form includes the college's conflict of interest policy and asks each individual about the existence of conflicts of interest. If a conflict of interest exists the officer or trustee is asked to describe the situation in their response. These forms are reviewed by the Vice-President and Treasurer and the Chair of the Audit Committee of the Board. Persons with a conflict are prohibited from participating in the Board and officer deliberations and decisions in those transactions. Form 990, Part VI, Section B, Line 15 The Executive Committee, which is comprised of independent Trustees, annually reviews presidential and officer compensation data from comparator colleges along with other data provided by the Human Resources Office. They also conduct an annual performance evaluation of the President. Any changes in the President's compensations are approved by the Executive Committee, and communicated by the Chair of Board of Trustees in writing to the President. The Executive Committee review and decisions on executive compensation are documented in the minutes of the Executive Committee meetings. These reviews are completed in June of each year. Form 990, Part VI, Section C, Line 19 Governing documents are available upon request. Conflict of interest policy and financial statements are available on the College's Office of the Treasurer website. Form 990, Part XI, Line 9 Grayco revenue adjustment (44,321), adjustment for Grayco not included in prior 990 (843,140), annuity and life Income unrealized gains 312,803, adjustment for annuity and life income not included in prior 990 13,137,782, Total 12,563,124 Odyssey Property Holdings Inc 3203 SE Woodstock Blvd Portland OR 97202 200779531 acquiring, developing, holding title to property OR 501(c)(2) The Reed Institute 1 Grayco Resources Inc 3203 SE Woodstock Blvd Portland OR 97202 930603357 Rental Activity OR The Reed Institute S 70000 1343301 1 1 Charitable remainder trust (31) 3203 SE Woodstock Blvd Portland OR 97202 Trust OR The Reed Institute T 0 Pooled Income Fund (1) 3203 SE Woodstock Blvd Portland OR 97202 Pooled Income Fund OR The Reed Institute T 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 Grayco Resources Inc k 70000 Lease Agreement.