2015-03-27T12:52:07-07:00 2014-06-30 990 2013-07-01 381358014 KALAMAZOO COLLEGE KALA 2693377000 1200 Academy St Kalamazoo MI 49006 James Prince Vice President 2693377225 2015-03-27 2013 2016-02-25 16:41:14Z Eileen B Wilson-Oyelaran 1200 Academy St Kalamazoo MI 49006 91007681 0 X www.kzoo.edu X 1833 MI The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. As a highly selective, nationally renowned and internationally oriented four-year college of arts and sciences, Kalamazoo College has developed a tradition of excellence in the fulfillment of this mission. 33 32 1595 1200 87481 13893 10759284 9157268 61838453 65504917 6714798 7593896 680499 463154 79993034 82719235 26635961 31147465 0 0 29723465 33315163 80753 87606 3436623 19546326 21186043 75986505 85736277 4006529 -3017042 327855662 350588487 68456254 69426593 259399408 281161894 The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. As a highly selective, nationally renowned and internationally oriented four-year college of arts and sciences, Kalamazoo College has developed a tradition of excellence in the fulfillment of this mission. 0 0 76643038 31147465 65504917 Higher Education: The mission of Kalamazoo College is to prepare its graduates to better understand, live successfully within, and provide enlightened leadership to a richly diverse and increasingly complex world. As a highly selective, nationally renowned. and internationally oriented four-year college of arts and sciences, Kalamazoo College has developed a tradition of excellence in the fulfillment of this mission. College enrollment for the fall quarter of 2013 was 1,458 students. 0 0 0 76643038 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 1 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 1 217 0 1 1595 1 1 1 1 FR GM KE MX SP 0 0 0 0 0 0 0 0 X 33 32 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ CO KY MA MD MI NH NY OH OK OR SC WA X Catherine Bonnes 2693377228 1200 Academy Street Kalamazoo MI 49006 Charlotte H Hall Chair 2 0 X 0 0 0 James A Clayton Vice Chair 2 0 X 0 0 0 S Si Johnson Vice Chair 2 0 X 0 0 0 Eugene V N Bissell Treasurer 2 0 X 0 0 0 Amy S Courter Secretary 2 0 X 0 0 0 Alexandra K Altman Trustee 2 0 X 0 0 0 Roger E Brownell Trustee 2 0 X 0 0 0 Jevon A Caldwell-Gross Trustee 2 0 X 0 0 0 Erin M P Charnley Trustee 2 0 X 0 0 0 Harold J Decker Trustee 2 0 X 0 0 0 Helen B Etkin Trustee 2 0 X 0 0 0 Gwen A Fountain Trustee 2 0 X 0 0 0 James N Heath Trustee 2 0 X 0 0 0 Robert O Kramer Trustee 2 0 X 0 0 0 Paul S Levy Trustee 2 0 X 0 0 0 Alexander C Lipsey Trustee 2 0 X 0 0 0 Hans P Morefield Trustee 2 0 X 0 0 0 Jody K Olsen Trustee 2 0 X 0 0 0 Donald R Parfet Trustee 2 0 X 0 0 0 Gail A Raiman Trustee 2 0 X 0 0 0 Christopher P Reynolds Trustee 2 0 X 0 0 0 William C Richardson Trustee 2 0 X 0 0 0 James A Robideau Trustee 2 0 X 0 0 0 Mary Beth Sarhatt Trustee 2 0 X 0 0 0 William R Stoeri Trustee 2 0 X 0 0 0 Jon L Stryker Trustee 2 0 X 0 0 0 Ronda E Stryker Trustee 2 0 X 0 0 0 Bonnie Wachter Swenby Trustee 2 0 X 0 0 0 Amy E Upjohn Trustee 2 0 X 0 0 0 William F Williams Trustee 2 0 X 0 0 0 Richard E Yehle Trustee 2 0 X 0 0 0 Debra L Yourick Trustee 2 0 X 0 0 0 Eileen B Wilson-Oyelaran President 40 0 X 330210 0 51295 Albert DeSimone VP College Advancement 40 2 X 178500 0 79185 James E Prince Vice-President Business and Finance 40 0 X 178356 0 36423 Michael A McDonald Provost 40 0 X 173713 0 18821 Sarah Westfall VP Student Dev/Dean of Students 40 0 X 132909 0 20723 Jaime Grant Exec Dir & Sr Advisor, Arcus Center for Social Justice Leadership 40 0 X 152371 0 35187 Lisa Brock Academic Director, Arcus Center for Social Justice Leadership 40 0 X 144192 0 14036 David Barclay Professor of History 40 0 X 133452 0 40488 Gregory Diment Associate Provost IS 40 0 X 123634 0 19197 Paul Manstrom Associate VP Facilities Management 40 0 X 114763 0 47705 1662100 0 363060 18 0 1 0 Creative Dining Services One Royal Park Dr Ste 3 Zeeland MI 49464 Campus Food Services 2932492 Miller Davis Company 1029 Portage St Kalamazoo MI 49001 Construction Contractor 2856249 Hi-Tech 839 Lenox Ave Ste A Portage MI 49024 Construction Contractor 211649 Cambridge Associates LLC 100 Summer St Ste 1300 Boston MA 02110 Investment Advisors 196267 AFP Inc 2513 N Burdick St Kalamazoo MI 49007 Fire Systems Contractor 186429 5 0 0 11350 0 241899 8904019 1939505 9157268 Tuition and fees 611310 56843235 56843235 0 0 Room and board 611310 6837109 6837109 0 0 Other revenue 611310 1824573 1748591 75982 0 0 0 0 0 65504917 1951445 0 1990 1949455 1 1 0 0 0 0 0 0 301504 0 137420 0 164084 0 164084 0 0 164084 13235520 10000 7592683 10387 5642837 -387 5642450 0 0 5642450 12909 11350 18566 -5657 0 -5657 0 0 0 0 0 0 834117 529390 304727 0 9509 295218 0 82719235 65428936 87481 8045550 0 31147465 31147465 0 0 0 0 1259553 408771 624328 226454 0 0 0 0 22523267 17988926 2702736 1831605 1576081 1291412 158102 126567 6419014 4643469 1320035 455510 1537248 1217128 193873 126247 0 0 0 0 102533 0 102533 0 85600 0 85600 0 0 0 0 0 87606 87606 363133 0 363133 0 704165 624662 66171 13332 174897 71999 82667 20231 2066388 1331739 587404 147245 488243 369493 108750 10000 0 0 0 0 2286711 2167544 69679 49488 1350657 1094976 98529 157152 0 0 0 0 858821 604919 113869 140033 1291605 1078069 213536 0 0 0 0 0 3229722 3142574 43574 43574 239273 231339 3967 3967 Study Abroad 3362525 3362525 0 0 Indirect Cost Allocation 0 1794800 -1748096 -46704 Food Services 2823189 2823189 0 0 Perkins 24872 0 24872 0 1733709 1248039 441354 44316 85736277 76643038 5656616 3436623 30056973 32977938 35767038 23840524 423185 522885 0 0 0 0 6809385 7172038 665368 647639 845060 1024288 131291558 55755260 73949209 75536298 122987553 144288613 56351891 64578264 0 327855662 350588487 3058789 3545063 0 0 640615 471888 34500000 33455000 0 0 0 0 0 0 0 0 30256850 31954642 68456254 69426593 X 75123597 84605876 76441846 80214365 107833965 116341653 259399408 281161894 327855662 350588487 -3017042 24779528 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 192294969 6669948 31728379 1849014 6433477 363133 222047672 169495896 10482875 20286899 1507335 6055497 407869 192294969 155218448 22396461 -1298112 1462196 4987365 371340 169495896 131557148 3017106 28423095 1816291 5480623 481987 155218448 122589205 651351 16722621 1569247 6336281 500501 131557148 0.22 0.52 0.26 0 1 1 0 1957772 1957772 1838007 87192749 36707135 52323621 0 0 0 0 0 25043733 18325530 6718203 0 15259297 722595 14536702 75536298 0 Hedge Funds 38096425 F Private Equity Funds 14381837 F Charitable Remainder Trusts & Gift Annuities 12100002 F 64578264 Postretirement Benefit 23736260 Federal Perkins Loans 6434525 Annuities Payable 1783857 31954642 107352776 24779528 0 0 -373487 24406041 82946735 363133 -590633 -227500 82719235 85590290 0 0 0 590633 590633 84999657 363133 373487 736620 85736277 Schedule D, Part V, Line 4 The College's endowment consists of approximately 500 individual funds established for a variety of purposes. These funds provide support for instruction, academic support departments, student services, institutional support departments, physical plant maintenance and improvements, public service programs, and scholarships, as well as, general operating support. Schedule D, Part XI, Line 2d Uncollectible pledge expense and payments to beneficiaries of reserved income funds. Schedule D, Part XI, Line 4b Expenses from fundraising events, cost of sales of inventory, and rental expenses. Schedule D, Part XII, Line 2d Expenses from fundraising events, cost of sales of inventory, and rental expenses. Schedule D, Part XII, Line 4b Uncollectible pledge expense and payments to beneficiaries of reserved income funds. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The following statement appears in the College catalogue: "Kalamazoo College is committed to equal rights, equal opportunities, and equal protection under the law. The College administers its programs without regard to race, color, religion, age, sex, national origin, height, weight, marital status, familial status, physical disability as protected by law, or sexual orientation. The College's definition of sexual orientation proscribes discrimination based on a person's heterosexuality, homosexuality, bisexuality, or gender identity, actual or presumed." Kalamazoo College draws a substantial percentage of its students from outside the Kalamazoo community including other areas of Michigan, the United States, and foreign countries and follows a racially nondiscriminatory policy as to students. Publication is not required under Rev Proc 75-50, Section 4.03-2(b). Schedule E, Part I, Line 6 Kalamazoo College participates in the following campus-based financial aid programs: SEOG, FWSP, Perkins (NDSL). In addition, students from the College are recipients of Pell grants, Guaranteed Student Loans, and Parent Loans. Central America and the Caribbean 0 0 Program Services Higher Education 86136 East Asia and the Pacific 0 1 Program Services Higher Education 820284 Europe (including Iceland and Greenland) 0 9 Program Services Higher Education 1663079 Middle East and North Africa 0 0 Program Services Higher Education 13250 North America (including Canada and Mexico, but not the United States) 0 1 Program Services Higher Education 141378 South America 0 5 Program Services Higher Education 305192 South Asia 0 0 Program Services Higher Education 99556 Sub-Saharan Africa 0 5 Program Services Higher Education 233650 0 21 3362525 1 0 1 1 1 0 Schedule F, Part IV The College invests in various partnerships that transfer funds to or hold interests in foreign corporations, but the College partnership interest is too small to require filing of Forms 926, Forms 5471, Forms 8621, and Forms 8865. X X X X X X X 1 Wilson-Bennett Technology Inc 140 Professional Dr Ste 2 Cabot AR 72023 Phonathon 0 392946 78838 314108 392946 78838 314108 AK AL AR AZ CA CO CT FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV Golf Outing 24259 11350 12909 0 830 0 5248 0 12488 0 0 24259 11350 12909 0 830 0 5248 0 12488 18566 -5657 1 See Schedule I, Part IV, Statement 1 1433 31147465 0 Schedule I, Part I, Line 2 Scholarships are awarded based on established criteria, including donor restrictions. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Eileen B Wilson-Oyelaran President 330210 0 0 0 0 0 25896 0 25399 0 381505 0 0 0 Albert DeSimone VP College Advancement 178500 0 0 0 0 0 19212 0 59973 0 257685 0 0 0 James E Prince Vice-President Business and Finance 178356 0 0 0 0 0 18415 0 18007 0 214778 0 0 0 Michael A McDonald Provost 173713 0 0 0 0 0 18223 0 598 0 192534 0 0 0 Sarah Westfall VP Student Dev/Dean of Students 132909 0 0 0 0 0 13504 0 7219 0 153632 0 0 0 Jaime Grant Exec Dir & Sr Advisor, Arcus Center for Social Justice Leadership 152371 0 0 0 0 0 14910 0 20277 0 187558 0 0 0 Lisa Brock Academic Director, Arcus Center for Social Justice Leadership 144192 0 0 0 0 0 7678 0 6358 0 158228 0 0 0 David Barclay Professor of History 133452 0 0 0 0 0 14548 0 25940 0 173940 0 0 0 Paul Manstrom Associate VP Facilities Management 114763 0 0 0 0 0 12610 0 35095 0 162468 0 0 0 Schedule J, Part I, Line 1a The President is required to live in housing provided on campus. The value of this housing is excluded from taxable income. In addition, a nonqualified retirement plan was established for the President, and a portion of this contribution contained a tax gross up intended to offset the future tax liability when the plan becomes vested and taxable. Schedule J, Part I, Line 3 The compensation of the President is reviewed annually by the Board of Trustees. As part of this process, the President's compensation is compared to a cohort of similar institutions, the Great Lakes College Association. The result of the deliberations and decisions are documented in a statement of salary letter sent to the President and the Director of Human Resources. Schedule J, Part I, Line 4 A nonqualified retirement plan was created by the College during the fiscal year and the College agreed to fund the plan for President Wilson-Oyelaran. The College funded the plan on July 1, 2014 in the amount of $71,817. Included in this amount was $39,099 which represented an overpayment of previous years' contributions into the President's 403(b) retirement plan. This amount had been removed from the President's 403(b) retirement account during the year in order to preserve the qualified tax status of the College's retirement plan. A Michigan Finance Authority 800596186 2011-06-09 34250000 Refunding 2000,2003,2007 & construct & equip athletics facilities & fields 0 0 0 A 1745000 0 34281725 0 0 21979763 285774 0 0 12016188 0 0 2013 1 1 1 1 A 0 0 1 1 0 0 0.012 0.012 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part I, Column f-06/09/2011 34,250,000 Michigan Finance Authority Refunding 2000,2003,2007 & construct & equip athletics facilities & fields Ronda Stryker Spouse Owns Greenleaf Hospitality 34102 Event Services & Accomodations 0 X 0 Value not recorded X 53 1932187 Avg daily stock price X Prints & Paintings 3 0 No value recorded X Event Expenses 5 7318 Purchase receipts X Equipment 3 0 Value not recorded 0 0 1 0 Schedule M, Part I, Line 33 Noncash contributions of personal property valued at less than $5,000 are not entered or capitalized. Form 990, Part VI, Section A, Line 2 Jon L. Stryker and Ronda E. Stryker are siblings. Form 990, Part VI, Section B, Line 11b The Forms 990, including Schedule B, and 990T are provided to the Audit Committee of the Board of Trustees for review. A meeting is convened with the Audit Committee and the Vice President for Business and Finance to review and discuss the Forms 990, including Schedule B, and 990T. After receiving the Audit Committee's approval, the Forms 990, including Schedule B, and 990T are provided to the full Board of Trustees for review and approval. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is provided to every Trustee and Officer in October. Every recipient is asked to return a disclosure form that discloses any potential relationships that may represent a conflict of interest and discloses any gifts or loans from entities with which the College has significant business dealings. The form also asks Trustees to acknowledge that they have read the conflict of interest policy and confirm that they have no knowledge of any real or potential violation of the policy and that they will refrain from taking any unfair advantage of any information obtained in their role as Trustee or Officer. Form 990, Part VI, Section B, Line 15 The compensation of the President is reviewed annually by the Executive Committee of the Board of Trustees. As part of this process, the President's compensation is compared to a cohort of similar institutions, the Great Lakes College Association. The result of the deliberations and decisions are documented in the minutes of the Executive Committee meeting and a statement of salary letter sent to the President and the Director of Human Resources. The compensation of the College officers is determined annually by the President and compared with compensation of similarly placed officers of Great Lakes College Association institutions. The officer compensation is submitted to the Executive Committee of the Board of Trustees for review and approval. Form 990, Part VI, Section C, Line 19 Kalamazoo College is organized under Michigan statute MCL Section 390.751 through 390.761. The bylaws and conflict of interest policy are available by request. The financial statements are also available by request, posted on the College's website, and made available in the College library. Genevieve U Gilmore Endowment For The Arts PNC Bank 108 E Michigan Kalamazoo MI 49007 386470228 Trust FBO Kalamazoo College MI 501(c)(3) Line 11 c Kalamazoo College 0 Dorothy Hinkley Heyl Irrev Charitable Trust FBO Kalamazoo College PNC 171 Monroe NW Z2-700-03-4 Grand Rapids MI 49503 386572671 Trust FBO Kalamazoo College MI 501(c)(3) Line 11d Kalamazoo College 0 L Lee Stryker Memorial Trust Fifth Third Bank Trust Dept P O Box 3636 Grand Rapids MI 49503 386385367 Trust FBO Kalamazoo College MI 501(c)(3) Line 11d Kalamazoo College 0 FW & Elsie Heyl Science Scholarship Fund PNC Bank PO Box 94651 Cleveland OH 44101 386194019 Science Grants MI 501(c)(3) Line 11d N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 Genevieve U Gilmore Endowment For The Arts PNC Bank c 50918 Cash Grant Dorothy Hinkley Heyl Irrev Charitable Trust FBO Kalamazoo College PNC c 137588 Cash Grant L Lee Stryker Memorial Trust Fifth Third Bank Trust Dept c 37550 Cash Grant FW & Elsie Heyl Science Scholarship Fund PNC Bank c 2139910 Cash Grant FW & Elsie Heyl Science Scholarship Fund PNC Bank q 23000 Cash Payment