2013-11-12T11:49:24-06:00 2013-06-30 420714325 MCGLADREY LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2012-07-01 420686467 COE COLLEGE COEC 3193998643 BUSINESS OFFICE 1220 1ST AVE NE CEDAR RAPIDS IA 52402 RICHARD E RHEINSCHMIDT 3193998643 2013-11-11 1 KAY HEGARTY P00091057 3192985333 2012 2016-02-25 16:41:14Z JAMES R PHIFER 1220 FIRST AVE NE CEDAR RAPIDS IA 52402 82461733 0 X WWW.COE.EDU X 1881 IA COE COLLEGE IS A PRIVATE, FOUR-YEAR CO-EDUCATIONAL LIBERAL ARTS COLLEGE 40 37 1513 198 0 0 12712765 9710962 49461844 51960086 3491233 5231281 -2277 -2937 65663565 66899392 23055697 24296433 0 0 20226297 20598080 0 79200 1452135 15405503 16957036 58687497 61930749 6976068 4968643 167709497 173795163 41750768 40297226 125958729 133497937 X SEE SCHEDULE O 0 1 45647439 24296433 44015278 EDUCATIONAL-COEDUCATIONAL INSTITUTE OFFERING A 4 YR COURSE IN THE ARTS & SCIENCES, SUMMER, GRADUATE STUDY, MASTERS OF ARTS IN TEACHING PROGRAMS ARE MAINTAINED IN ADDITION TO THE REGULAR SCHOOL YEAR. THERE ARE 1,304 FALL TERM AND 1,237 SPRING TERM FULL TIME STUDENTS AND 119 PART TIME STUDENTS. 4978113 7944808 AUXILIARY ENTERPRISES-INCLUDING RESIDENCE HALLS & COLLEGE RENTAL HOUSING, FOOD SERVICES, STUDENT UNION & SUMMER CONFERENCES. 5823400 PROGRAM SERVICES-EXPENDITURES FOR OPERATION AND MAINTENANCE OF FACILITIES 56448952 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 1 0 0 1 235 0 1 1513 1 0 1 CJ 0 0 0 0 1 1 0 0 0 X 40 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X RICHARD E RHEINSCHMIDT CONTROLLER 3193998643 COE COLLEGE-1220 1ST AVE NE CEDAR RAPIDS IA 52402 JAMES R PHIFER 40.00 X X 431608 0 41563 TERRY ABERNATHY 1.00 X 0 0 0 R DARYL BANKS 1.00 X 0 0 0 KIM BENJAMIN 1.00 X 0 0 0 PETER BIRKEY 1.00 X 0 0 0 J DAVID CARSON 1.00 X X 0 0 0 STEVEN CAVES 1.00 X 0 0 0 ROBERT CHIUSANO 1.00 X 0 0 0 HEATHER DANIELS 1.00 X 0 0 0 TOM ELLIS 1.00 X 0 0 0 SAM FREITAG 1.00 X 0 0 0 DAVID GEHRING 1.00 X X 0 0 0 JOHN GIROTTO 1.00 X 0 0 0 KEN GOLDER 1.00 X X 0 0 0 TONY GOLOBIC 1.00 X 0 0 0 DENNIS GREENSPON 1.00 X 0 0 0 KEITH HALL 1.00 X 0 0 0 GENE HENDERSON 1.00 X 0 0 0 KENT HERINK 1.00 X 0 0 0 SHIRLEY HUGHES 1.00 X 0 0 0 DOUGLAS HYDE 1.00 X 0 0 0 WILLIAM JOHNSON 1.00 X 0 0 0 STEVEN KLINE 1.00 X 0 0 0 MARY JEANNE KROB 1.00 X 0 0 0 JOAN LIPSKY 1.00 X 0 0 0 JULIE MCLEAN 1.00 X 0 0 0 CURT MENEFEE 1.00 X 0 0 0 PAUL MEYER 1.00 X X 0 0 0 LIZA OVROM 1.00 X 0 0 0 CHUCK PETERS 1.00 X 0 0 0 KENT PILCHER 1.00 X 0 0 0 SIGRID REYNOLDS 1.00 X 0 0 0 BRETT RULE 1.00 X 0 0 0 LARRY SHRYOCK 1.00 X 0 0 0 WILLIAM SHUTTLEWORTH 1.00 X 0 0 0 STAN SMITH 1.00 X 0 0 0 JOHN STROHM 1.00 X 0 0 0 LORI STURDEVANT 1.00 X X 0 0 0 CARSON VEACH 1.00 X 0 0 0 ED WALSH 1.00 X 0 0 0 RICHARD MEISTERLING 40.00 X 170578 0 18862 MICHAEL WHITE 40.00 X 171859 0 27795 RICHARD RHEINSCHMIDT 40.00 X 152719 0 18796 MARIE BAEHR TIMKO 40.00 X 143117 0 54490 FRANCIS MARY MISKIMEN 40.00 X 59375 0 10313 LOUIS STARK 40.00 X 139347 0 24574 STEVEN FELLER 40.00 X 136783 0 22331 MARIO AFFATIGATO 40.00 X 107013 0 13318 WENDY DUNN 40.00 X 114149 0 25049 EVELYN MOORE 40.00 X 100100 0 13715 MICKEY WU 40.00 X 104304 0 12879 1830952 0 283685 11 0 1 0 WEITZ COMPANY LLC 2801 6TH ST SW A CEDAR RAPIDS IA 52404 CONSTRUCTION 9606869 SODEXO INC 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICE 2371776 OLMSTEAD CONSTRUCTION INC 651 58TH AVE CT SW CEDAR RAPIDS IA 52404 CONSTRUCTION 1298673 CULVER'S LAWN & LANDSCAPNG 1682 DUBUQUE RD MARION IA 52302 LAWN SERVICE 239297 SECURITAS SECURITY SERVICES 160 SOUTHGATE IOWA CITY IA 52240 SECURITY SERVCE 235476 7 13550 2452889 7244523 1859452 9710962 STUDENT TUITION/FEES 611600 43445246 43445246 AUXILIARY ENTERPRISES 611600 7944808 7944808 MISC FEES & CHARGE 611710 570032 570032 51960086 3989089 3989089 16780236 15500842 37202 1279394 -37202 1242192 1242192 21360 13550 24297 -2937 -2937 66899392 51960086 0 5228344 24296433 24296433 1289369 616437 672932 15491810 14188469 1240134 63207 3816901 3099386 554261 163254 82548 82548 110307 110307 79200 79200 45680 45680 353886 234477 60830 58579 1013618 626096 201682 185840 236598 421982 -210764 25380 2446549 2318973 127576 664221 523348 45525 95348 969675 969675 3145283 3145283 355796 104813 248771 2212 CONTRACTED SERVICES 2614474 2456711 157763 INSTRUCTIONAL EXPENSE 2320636 2247584 73052 EQUIP, RENTAL & MAINT 626022 436778 189244 RECRUITING 425856 425856 1545887 953088 559668 33131 61930749 56448952 4029662 1452135 5953302 8826578 2680120 1431583 506496 586399 750000 672218 516960 91023266 30860030 56976835 60163236 63838950 65812300 14492568 14599691 7360659 7256142 14478349 14602274 167709497 173795163 6483658 4736418 178044 223013 20611790 22369217 2750000 1447408 11727276 11521170 41750768 40297226 X 35720060 40724296 6585540 8035149 83653129 84738492 125958729 133497937 167709497 173795163 X 4968643 2259931 310634 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93750 14206483 X X X X X EDUCATIONAL 0 85306396 1699631 7224931 1416797 3550362 89263799 78484551 4908284 2734108 1333107 -512560 85306396 75721149 590165 6618173 1346092 3098844 78484551 70206609 1168959 9495167 1313966 3835620 75721149 77956009 1458007 -1927639 1501083 5778685 70206609 0.01200 0.93100 0.05700 1 0 12164666 12164666 63643887 21497219 42146668 2061056 1595192 465864 12171803 7767619 4404184 981854 981854 60163236 CASH VALUE OF LIFE INSURANCE 710161 F TRUST AGREEMENTS 9638505 F ALTERNATIVE INVESTMENTS 2553623 F REAL EST, LAND & MNRL RIGHTS 1697402 F 14599691 ACCRUED INTEREST RECEIVABLE 395791 ARTWORK 14206483 14602274 DUE TO US GOVT-PERKINS LOAN 5566776 ANNUITY PAYABLE 1377410 DEPOSITS HELD ON BEHALF OTHERS 163295 LIABILITY TO LIFE INCOME BENEFICIARIES 1078322 ACCRUED PENSION COST 1838254 ACCRUED LOSS ON INTEREST RATE SWAPS 1011764 OTHER LIABILITY 485349 11521170 X 44817210 2259931 -45680 2214251 42602959 24296433 24296433 66899392 37588636 0 37588636 24342113 24342113 61930749 PART III, LINE 4: THE COMMITTEE ON THE PERMANENT COLLECTION OF ART SHALL DETERMINE IF THE PROPOSED GIFT OF ARTWORK IS SUITABLE FOR ACCEPTANCE BY CONSIDERING WHETHER THE FOLLOWING CONDITIONS HAVE BEEN MET: THE ARTWORK FURTHERS THE MISSION OF COE COLLEGE. THE ARTWORK IS COMPATIBLE WITH OR COMPLEMENTARY TO THE CURRENT ART COLLECTION. THE DONOR HAS VALID OWNERSHIP OF THE ARTWORK, AND IS FREE TO CONVEY THE WORK. THERE ARE NO UNTENABLE RESTRICTIONS, RESERVATIONS OR LIMITATIONS PLACED ON THE ARTWORK OR ITS DISPLAY. THE COSTS FOR RESTORATION, MAINTENANCE AND INSURANCE ARE REASONABLE AND APPROPRIATE. THE COMMITTEE ON THE PERMANENT COLLECTION OF ART PROVIDES THE PRESIDENT WITH A RECOMMENDATION FOR ACCEPTANCE OR REFUSAL. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COE COLLEGE ENDOWMENT FUND HAS BEEN ESTABLISHED BY THE BOARD OF TRUSTEES AS AN INVESTMENT PORTFOLIO FOR THE ASSETS CONTRIBUTED BY DONORS FOR THE CONTINUING SUPPORT OF THE COLLEGE AND OTHER DONOR DESIGNATED PURPOSES. THE DEVELOPMENT AND EXPANSION OF THIS FUND IS AN IMPORTANT PART OF THE COLLEGE'S OBJECTIVES FOR MAINTAINING QUALITY IN FACULTY, STUDENTS AND FACILITIES. THE FUND IS COMPRISED OF PERMANENT, TERM AND QUASI ENDOWMENT ASSETS. ALL ENDOWMENT INCOME SUPPORTS THE COLLEGE OPERATIONS AND PROVIDES SCHOLARSHIPS FOR STUDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE COLLEGE FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBI) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2013 AND 2012, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABLITY. FORMS 990 AND 990-T FILED BY THE COLLEGE ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2009 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES RECLASSIFIED AS AN EXPENSE -45,680. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE AWARDED FINANCIAL AID 24,296,433. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE AWARDED FINANCIAL AID 24,296,433. INVESTMENT EXPENSES RECLASSIFIED FROM REVENUE 45,680. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED THROUGH THE NEWSPAPER IN EMPLOYMENT ADVERTISEMENT AND IN THE COLLEGE HANDBOOK. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 COE COLLEGE RECEIVES FEDERAL AND STATE FINANCIAL AID AND GRANTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE STUDY ABROAD 23502 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE STUDY ABROAD 64460 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE STUDY ABROAD 250894 0 0 0 0 0 0 338856 0 338856 0 0 0 0 0 0 X X X X X X X 1 RUFFALO CODY PO BOX 3018 CEDAR RAPIDS IA 52406 SUPERVISED PHONATHON 0 235436 74960 160476 235436 74960 160476 IA NY GOLF EVENT 34910 13550 21360 1670 15152 7475 34910 13550 21360 1670 15152 7475 24297 -2937 1 ENDOWED PRIZES 40 23581 N/A N/A GIFT PRIZES 11 3530 N/A N/A GIFT SCHOLARSHIPS 66 1165952 N/A N/A ENDOWED SCHOLARSHIPS 322 2893213 N/A N/A GENERAL SCHOLARSHIPS 1298 19500000 N/A N/A TUITION DISCOUNTS 30 710157 N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: COE COLLEGE RECEIVES VARIOUS FEDERAL GRANTS FROM NSF, DEPT OF EDUCATION AND OTHER AGENCIES OR BRANCHES OF THE US GOVERNMENT. SEPARATE ACCOUNTS ARE USED FOR EACH GRANT TO MONITOR RECEIPTS AND DISBURSEMENTS. THE COLLEGE FOLLOWS APPROPRIATE ACCOUNTING AND INTERNAL CONTROL PROCEDURES. ALL REQUIRED FINANCIAL REPORTING TO THE GRANT PROVIDER ARE COMPLETED TIMELY AND AUDITS BY AN INDEPENDENT CPA FIRM ARE DONE WHEN REQUIRED. THE COLLEGE ANNUALLY FILES AN A-133. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 JAMES R PHIFER 247517 0 0 0 184091 0 17325 0 24238 0 473171 0 0 0 RICHARD MEISTERLING 159972 0 0 0 10606 0 11301 0 7561 0 189440 0 0 0 MICHAEL WHITE 161095 0 0 0 10764 0 11744 0 16051 0 199654 0 0 0 RICHARD RHEINSCHMIDT 143721 0 0 0 8998 0 10239 0 8557 0 171515 0 0 0 MARIE BAEHR TIMKO 142335 0 0 0 782 0 10369 0 44121 0 197607 0 0 0 LOUIS STARK 124774 0 0 0 14573 0 9161 0 15413 0 163921 0 0 0 STEVEN FELLER 105130 0 0 0 31653 0 7743 0 14588 0 159114 0 0 0 PART I, LINE 1A EMPLOYMENT AGREEMENT STATES COE COLLEGE REQUIRES THAT ITS PRESIDENT LIVE IN A PRESIDENT'S HOUSE OR MANOR OWNED BY THE COLLEGE BECAUSE OF ITS REQUIREMENT THAT THE PRESIDENT CONDUCT SIGNIFICANT BUSINESS ACTIVITIES AND COLLEGE RELATED ENTERTAINMENT ON COLLEGE PROPERTY. THE RESIDENCE LOCATED AT 370 34TH STREET SE, CEDAR RAPIDS,IOWA, WHICH IS OWNED BY THE COLLEGE, IS DESIGNATED THE OFFICIAL COLLEGE MANOR. COUNTRY CLUB DUES ARE INCLUDED IN TAXABLE INCOME ON W-2S. PART I, LINE 4B THE PRESIDENT AND VICE PRESIDENT FOR ADMINISTRATION PARTICIPATE IN A 457(F) DEFERRED COMPENSATION PLAN. SUPPLEMENTAL INFORMATION PART III PART II, LINE 1, COLUMN (B)(III): OTHER REPORTABLE COMPENSATION INCLUDES $170,000 DEFERRED COMPENSATION PAYMENT FOR JAMES PHIFER, PRESIDENT. A CITY OF ROBINS IOWA 420887558 2009-07-22 2513333 SEE PART VI 0 0 0 B CITY OF ROBINS IOWA 420887558 2009-07-22 5819543 SEE PART VI 0 0 0 C CITY OF HIAWATHA IOWA 426025060 2007-06-08 4500000 CONSTRUCTION/RENOVATION 0 0 0 D CITY OF ROBINS IOWA 420887558 2009-07-22 6100000 SEE PART VI 0 0 0 A 193333 2513333 41461 2471872 2002 0 0 1 1 B 281521 5861846 59192 1953507 3849147 2005 1 0 1 1 C 596022 4500000 34326 4465674 2008 0 0 1 1 D 292784 6106078 23929 1582149 4500000 2010 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.11400 0.00000 0.11400 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 C 0 0 1 1 0 0 0 0 1 D 0 0 1 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF ROBINS, IOWA DATE THE REBATE COMPUTATION WAS PERFORMED: 01/22/2010 ISSUER NAME: CITY OF ROBINS, IOWA DATE THE REBATE COMPUTATION WAS PERFORMED: 01/22/2010 ISSUER NAME: CITY OF HIAWATHA, IOWA DATE THE REBATE COMPUTATION WAS PERFORMED: 12/08/2008 ISSUER NAME: CITY OF ROBINS, IOWA DATE THE REBATE COMPUTATION WAS PERFORMED: 02/28/2011 ISSUER NAME: CITY OF ROBINS, IOWA DATE THE REBATE COMPUTATION WAS PERFORMED: 01/09/2013 SCHEDULE K, PART I, COLUMN F, LINE A, ENTITY 1 REISSUANCE OF 2002 BONDS (4/8/2002) WHICH WERE USED FOR CONSTRUCTION/RENOVATION SCHEDULE K, PART I, COLUMN F, LINE B, ENTITY 1 REISSUANCE OF 2004 BONDS (6/29/2004) WHICH WERE USED TO REFUND PRIOR ISSUE (6/6/2000) AND FOR CONSTRUCTION/RENOVATION SCHEDULE K, PART I, COLUMN F, LINE D, ENTITY 1 REFUND PRIOR ISSUE (7/15/1998), CONSTRUCTION/RENOVATION SCHEDULE K, PART II, LINE 3, ENTITY 1 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART 1, COLUMN(E) DUE TO INVESTMENT EARNINGS. PART IV, LINE 2C ARBITRAGE NOTE REGARDING THE REBATE COMPUTATIONS: SINCE THE BOND PROCEEDS HAVE BEEN SPENT A SPENDING EXCEPTION WAS MET OR THE BONDS WERE ISSUED ON A DRAWDOWN BASIS, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. A CITY OF ROBINS IOWA 420887558 2011-08-05 4800000 CONSTRUCTION/RENOVATION 0 0 0 A 4802319 24124 4778195 2012 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 1 US BANK NA 10.000000000000 0 0 0 0 1 A 1 STEVE CAVES TRUSTEE 985847 STEVE IS AN EMPLOYEE OF US BANK WHICH PROVIDES SERVICES TO COE COLLEGE. 0 JAMES PHIFER PRESIDENT 10000 JIM'S WIFE, LINNIE WAS EMPLOYED BY COE COLLEGE. 0 JOHN STROHM TRUSTEE 0 JOHN STROHM AND COE COLLEGE HAVE GREATER THAN 10% OWNERSHIP INTERESTS IN FRTL-US2010, LLLP, FRTL-SU2011, LLLP AND FRTL-US2012, LLLP. 0 X 3 93750 APPRAISAL X 31 705500 FMV X 1 1060000 APPRAISAL X EQUIPMENT 1 202 FMV 3 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): COE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 UPWARD BOUND FEDERAL GRANT AND PROGRAM WAS DISCONTINUED BY THE US DEPT OF EDUCATION DUE TO FUNDING REDUCTIONS FORM 990, PART VI, SECTION A, LINE 2 JOHN STROHM - TRUSTEE, DAVID CARSON - TRUSTEE, KEN GOLDER - TRUSTEE AND RICHARD MEISTERLING - OFFICER & KEY EMPLOYEE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE COLLEGE'S BUDGET AND AUDIT SUBCOMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS A THOROUGH REVIEW OF FORM 990S FILED BY THE COLLEGE PRIOR TO BEING FILED WITH THE IRS. THE SUBCOMMITTEE RECEIVES THE RETURNS FROM THE PAID PREPARER, MCGLADREY LLP THE SUBCOMMITTEE AND A REPRESENTATIVE FROM MCGLADREY REVIEW THE RETURNS TOGETHER. ALL MEMBERS OF THE BOARD OF TRUSTEES ARE ADVISED OF THE REVIEW OF THE FORM 990S BY THE BUDGET AND AUDIT SUBCOMMITTEE. EACH MEMBER OF THE BOARD OF TRUSTEES RECEIVES AN EMAIL (1) PROVIDING THE TRUSTEE WITH ACCESS TO A COMPLETE COPY OF THE RETURNS THROUGH A WEBSITE ACCESSIBLE TO THE TRUSTEES AND (2) INFORMING EACH TRUSTEE THAT THE RETURNS ARE AVAILABLE FOR FURTHER REVIEW BY ANY BOARD MEMBER AND THAT RETURNS WILL BE FILED BY THE DUE DATES. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE REQUIRES ALL TRUSTEES, OFFICERS OR KEY EMPLOYEES AND SUBSTANTIAL CONTRIBUTORS TO ANNUALLY COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRE CONCERNING TRANSACTIONS WITH COE COLLEGE. THE CONTROLLER FOR THE COLLEGE RECEIVES COMPLETED QUESTIONNAIRES AND REVIEWS AND SUBMITS COMMENTS AND FINDINGS TO THE PRESIDENT OF THE COLLEGE AND THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE CHAIRMAN OF THE BOARD THEN REVIEWS AND INFORMS THE FULL BOARD OF ANY ISSUES OR ACTIONS REQUIRED INCLUDING MONITORING WITH AN OVERSIGHT COMMITTEE IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT, SENIOR OFFICERS AND KEY EMPLOYEES IS REVIEWED BY A BOARD OF TRUSTEES AD HOC COMMITTEE. THE COMMITTEE CONSIDERS EACH EMPLOYEE ON THEIR MERITS, LENGTH OF SERVICE AND JOB RESPONSIBILITIES. THE EMPLOYEE'S COMPENSATION IS THEN COMPARED TO SIMILAR POSITIONS AT OTHER COLLEGES USING SURVEYS AND BENCHMARKS FROM THE ACM (ASSOCIATED COLLEGES OF THE MIDWEST) AND IPCUA (IOWA PRIVATE COLLEGES AND UNIVERSITIES ASSOCIATION). THE COMMITTEE THEN REPORTS TO THE BOARD OF TRUSTEES THEIR DUE DILIGENCE THAT WAS PERFORMED AND DOCUMENTS THE REVIEW. THE DOCUMENTATION REGARDING THE COMPENSATION REVIEW IS RETURNED TO THE COLLEGE'S LEGAL COUNSEL FOR SAFEKEEPING. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT ARE NOT MADE AVAILABLE TO THE PUBLIC. THE COLLEGE DOES FILE VARIOUS REQUIRED REPORTS SUCH AS THE A-133 AND AUDITED FINANCIAL STATEMENTS WITH VARIOUS GOVERNMENTAL AGENCIES AND AUTHORITIES WHICH MAY THEN BECOME PUBLIC RECORD. THE IRS FORM 990 FILED BY COE COLLEGE IS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ADJUSTMENT FOR FACULTY RETIREMENT PLAN 82,602. CHANGE IN FMV - INTEREST RATE SWAP 478,023. CHANGE IN ANNUITY & LIFE AGREEMENTS -249,991. ORGANIZATION'S MISSION FORM 990, PAGE 2, PART III IT IS THE MISSION OF COE COLLEGE TO PROVIDE STUDENTS AN EDUCATION OF SUPERIOR QUALITY THAT AIMS AT PREPARING THEM FOR LIFE FOLLOWING GRADUATION. OUR REASON TO EXIST AS AN INSTITUTION IS TO READY STUDENTS INTELLECTUALLY, PROFESSIONALLY, AND SOCIALLY TO LEAD PRODUCTIVE AND SATISFYING LIVES IN THE GLOBAL SOCIETY OF THE 21ST CENTURY. AS SUCH, OUR SUCCESS AS A COLLEGE IS MEASURED ACCORDING TO THE SUCCESS OF OUR GRADUATES. WE BELIEVE THAT A LIBERAL ARTS EDUCATION IS THE BEST PREPARATION FOR LIFE. WE BELIEVE THAT SUCH AN EDUCATION ALLOWS STUDENTS TO DISCOVER WHAT THEIR REAL TALENTS AND INTERESTS ARE, AND THAT IT DEVELOPS IN THEM THE SKILLS, ABILITIES, AND HABITS OF MIND THAT WILL MAKE POSSIBLE A SUCCESSFUL CAREER IN ANY FIELD OF ENDEAVOR, INCLUDING ONES THAT DO NOT YET EXIST. INDEED, WE BELIEVE THAT WHAT DEFINES A LIBERAL ARTS EDUCATION IS ITS FOCUS ON CULTIVATING IN STUDENTS CERTAIN FUNDAMENTAL ABILITIES: THE ABILITY TO THINK LOGICALLY AND ANALYTICALLY; THE ABILITY TO COMMUNICATE CLEARLY, BOTH IN WRITING AND SPEAKING; THE ABILITY TO USE EFFECTIVELY COMPUTER TECHNOLOGY; THE ABILITY TO WORK PRODUCTIVELY AS A MEMBER OF A GROUP SEEKING TO ACHIEVE A COMMON OBJECTIVE; THE ABILITY TO MAKE INFORMED JUDGMENTS, WHETHER IN THE REALM OF ETHICAL BEHAVIOR OF IN THAT OF AESTHETIC APPRECIATION; THE ABILITY TO FOSTER AND SUSTAIN AN ATTITUDE OF INTELLECTUAL CURIOSITY AND CREATIVITY; AND THE ABILITY TO RECOGNIZE AND HONOR TRUE EXCELLENCE WHEN FOUND IN ANY FORM OR CONTEXT. FURTHERMORE,WE BELIEVE THAT IT IS IMPORTANT FOR A LIBERAL ARTS EDUCATION TO CULTIVATE IN STUDENTS A DESIRE TO UNDERSTAND, A CAPACITY FOR TOLERANCE, AND AN ABILITY TO APPRECIATE THE ETHNIC AND CULTURAL DIVERSITY THAT MAKE UP HUMAN KIND. IT IS THE MISSION OF THE COLLEGE TO DEVELOP IN STUDENTS THESE ABILITIES AND ATTITUDES, AND IN SO DOING TO PROVIDE THEM AN EDUCATION THAT DIRECTS THEM TOWARD A MEANINGFUL AND SUCCESSFUL LIFE. COE'S ACADEMIC PROGRAM REFLECTS A COMMITMENT TO DEVELOPING THESE ABILITIES BY ITS INSISTENCE THAT STUDENTS ACQUIRE CERTAIN EDUCATIONAL EXPERIENCES. WE REQUIRE THAT STUDENTS COMPLETE BOTH OUR GENERAL EDUCATION REQUIREMENTS, WHICH ENSURE BREADTH OF LEARNING, AND OUR REQUIREMENTS FOR A MAJOR; WHICH GUARANTEE DEPTH OF KNOWLEDGE IN A PARTICULAR FIELD. IN ADDITION, AS PART OF EACH STUDENT'S EDUCATION, A SERIES OF INTENSIVE WRITING EXPERIENCES, SPREAD ACROSS THE FOUR YEARS OF STUDY, IS REQUIRED. BEYOND THESE REQUIREMENTS, STUDENTS ARE ENCOURAGED TO BEGIN PLANNING FOR THEIR LIVES AFTER COLLEGE EARLY ON IN THEIR UNDERGRADUATE CAREERS, AND, THROUGH CAREFUL ADVISING, THEY ARE GIVEN GUIDANCE AND DIRECTION IN THIS ENDEAVOR. INDEED, THE DEFINING FEATURE OF A COE EDUCATION IS THE REQUIREMENT THAT EVERY STUDENT PLAN AND PARTICIPATE IN ONE OF THE FOLLOWING: A SIGNIFICANT EXPERIENTIAL PROJECT, SUCH AS AN INTERNSHIP; A MAJOR SCHOLARLY UNDERTAKING; OR STUDY ABROAD. THESE EXPERIENCES WILL OFTEN, THOUGH NOT INVARIABLY, OCCUR DURING THE JUNIOR YEAR. THE HALLMARK OF A COE EDUCATION IS OUR ATTENTION TO EACH STUDENT AS AN INDIVIDUAL. IT IS ALSO IMPORTANT THAT THE COLLEGE ENVIRONMENT AT COE REFLECTS OUR COMMITMENT TO A DIVERSE STUDENT BODY AND OVERALL COLLEGE COMMUNITY. WE BELIEVE THAT THROUGH LISTENING CAREFULLY TO EACH STUDENT AS HIS OR HER INTERESTS AND UNIQUE TALENTS ARE FORMED, AND THROUGH TAILORING AN ACADEMIC PROGRAM TO SUIT EACH STUDENT'S FUTURE, WE HELP THAT STUDENT DEVELOP ABILITIES THAT PROVIDE THE BEST PREPARATION FOR LIFE. NUMBER OF EMPLOYEES FORM 990, PAGE 1, PART 1, LINE 5 AND PAGE 5, PART V, LINE 2A THE 1,513 IS THE NUMBER OF W-2 REPORTED. THIS REPRESENTS 1,011 STUDENTS ON WORK STUDY FINANCIAL AID PROGRAM AND 502 EMPLOYEES OF COE COLLEGE. LOANS TO AND/OR FROM INTERESTED PERSONS SCHEDULE L, PART II COE COLLEGE'S ENDOWMENT INVESTED $750,000 IN A LOAN TO FARRELL-ROEH PROPERTIES, LLP OWNED 50% BY EACH OF JOHN STROHM AND MARY PAT LINK (WIFE) WHICH IS SECURED BY 99% INTEREST IN FRP IN FR BRUNSWICK, LLC WHICH OWNS A GROCERY-ANCHORED SHOPPING CENTER IN BRUNSWICK, GEORGIA. LOAN BEARS INTEREST AT 8% PER ANNUM (9.5% IF HELD TO MATURITY). THE LOAN HAD A ZERO BALANCE AT JUNE 30, 2013. SALARY EXPLANATION FORM 990, PART VII FRANCIS MARY MISKIMEN COMPENSATION LISTED IS FOR POSITION AS EMPLOYEE OF COE COLLEGE NOT FOR POSITION AS ASSISTANT SECRETARY OF BOARD. SHE IS A 40 HOUR PER WEEK EMPLOYEE OF THE COLLEGE. MARIE BAEHR TIMKO OTHER COMPENSATION AMOUNT IN COLUMN (F) INCLUDES $28,929 OF TUITION WAIVER FOR DEPENDENT. EMPLOYEE BENEFITS AND PAYROLL TAXES FORM 990, PAGE 10, PART IX, LINES 8-10 PAYROLL TAXES AND EMPLOYER 403(B) CONTRIBUTIONS ARE REPORTED ON LINE 9 WITH OTHER EMPLOYEE BENEFITS RATHER THAN LINES 8 AND 10, RESPECTIVELY. THE INDIVIDUAL BREAKDOWN FOR THESE EXPENSES BETWEEN PROGRAM, MANAGEMENT & GENERAL AND FUNDRAISING EXPENSES IS NOT READILY AVAILABLE. K RAYMOND CLARK CHARITABLE TRUST 1220 FIRST AVE NE CEDAR RAPIDS IA 52402 396787527 SUPPORTING TRUST IA 501(C)(3) 11A COE COLLEGE 1 K RAYMOND CLARK ATHLETIC FACILTIES TRUST 1220 FIRST AVE NE CEDAR RAPIDS IA 52402 396787027 SUPPORTING TRUST IA 501(C)(3) 11A COE COLLEGE 1 K RAYMOND CLARK ALUMNI CENTER TRUST 1220 FIRST AVE NE CEDAR RAPIDS IA 52402 396787028 SUPPORTING TRUST IA 501(C)(3) 11A COE COLLEGE 1 K RAYMOND CLARK RACQUET CENTER TRUST 1220 FIRST AVE NE CEDAR RAPIDS IA 52402 396787026 SUPPORTING TRUST IA 501(C)(3) 11A COE COLLEGE 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 K RAYMOND CLARK ALUMNI CENTER TRUST C 37320 ACTUAL K RAYMOND CLARK ALUMNI CENTER TRUST Q 59283 ACTUAL K RAYMOND CLARK ATHLETIC FACILITIES C 184689 ACTUAL K RAYMOND CLARK RACQUET CENTER TRUST C 104132 ACTUAL K RAYMOND CLARK RACQUET CENTER TRUST Q 266144 ACTUAL