CORNELL COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CORNELL COLLEGE (EIN 42-0680335)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2012-11-13
- IRS object ID
- 201243189349303929
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-13T16:03:29-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 221 THIRD AVENUE SE STE 300 | AddressLine1 |
| City | CEDAR RAPIDS | City |
| State | IA | State |
| ZIP Code | 524011512 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420680335 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CORNELL COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CORN | NameControl |
| Phone | 3198954383 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 FIRST STREET SW | AddressLine1 |
| City | MOUNT VERNON | City |
| State | IA | State |
| ZIP Code | 52314 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KAREN MERCER | Name |
| Title | TREASURER & VP OF BUSINESS | Title |
| Phone | 3198954383 | Phone |
| Date Signed | 2012-11-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KAY HEGARTY | Name |
| PTIN | P00091057 | PTIN |
| Phone | 3192985333 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KAREN MERCER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 FIRST STREET SW | AddressLine1 |
| City | MOUNT VERNON | City |
| State | IA | State |
| ZIP Code | 52314 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 83817394 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | CORNELLCOLLEGE.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1854 | YearFormation |
| State Legal Domicile | IA | StateLegalDomicile |
| Activity Or Mission Description | POST SECONDARY LIBERAL ARTS EDUCATION | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1384 | TotalNbrEmployees |
| Total Nbr Volunteers | 26 | TotalNbrVolunteers |
| Total Gross UBI | -9828 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -9828 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5451204 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 8839356 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 44501417 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 46949615 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2749223 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2517950 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 70987 | OtherRevenuePriorYear |
| Other Revenue Current Year | 32971 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 52772831 | TotalRevenuePriorYear |
| Total Revenue Current Year | 58339892 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 21029059 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 22458144 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 18360745 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 18095425 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1241987 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 15141665 | OtherExpensePriorYear |
| Other Expenses Current Year | 17362040 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 54531469 | TotalExpensesPriorYear |
| Total Expenses Current Year | 57915609 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1758638 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 424283 | RevenuesLessExpensesCY |
| Total Assets BOY | 150734632 | TotalAssetsBOY |
| Total Assets EOY | 149319557 | TotalAssetsEOY |
| Total Liabilities BOY | 27211007 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 26673766 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 123523625 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 122645791 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | ADOPTED BY THE BOARD OF TRUSTEES, APRIL, 2012. CORNELL COLLEGE OFFERS AN INNOVATIVE AND RIGOROUS LEARNING COMMUNITY WHERE FACULTY AND STAFF COLLABORATE WITH STUDENTS TO DEVELOP THE INTELLECTUAL CURIOSITY, CREATIVITY AND MORAL COURAGE NECESSARY FOR A LIFETIME OF LEARNING AND ENGAGED CITIZENSHIP. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 14327170 | Expense |
| Revenue | 38240171 | Revenue |
| Description | HIGHER EDUCATION: INSTRUCTION, ACADEMIC SUPPORT, CONTINUING EDUCATION AND LIBRARY - PROVIDING POST SECONDARY LIBERAL ARTS EDUCATION FOR APPROXIMATELY 1197 STUDENTS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6650341 | Expense |
| Revenue | 8533108 | Revenue |
| Description | HIGHER EDUCATION: AUXILIARY ENTERPRISES (HOUSING, DINING, STUDENT UNION, AND SERVICE CENTER)SERVICES WERE PROVIDED FOR APPROXIMATELY 1197 STUDENTS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 22458144 | Expense |
| Grants | 22458144 | Grants |
| Description | HIGHER EDUCATION: STUDENT AID: STUDENT FINANCIAL ASSISTANCE FOR APPROXIMATELY 1197 STUDENTS. (1197 STUDENTS) | Description |
Activity Other ActivityOther (2 entries)
| ExpenseExpense | RevenueRevenue | DescriptionDescription |
|---|---|---|
| 7032688 | 176336 | HIGHER EDUCATION: STUDENT SERVICES AND ADMISSIONS, REGISTRAR, HEALTH CENTER, COUNSELING, FINANCIAL AID, STUDENT AFFAIRS AND CAMPUS MINISTER. SERVICES WERE PROVIVIDED TO THE ENTIRE STUDENT BODY. (1197 STUDENTS) |
| 556133 | HIGHER EDUCATION: OFFICE OF COLLEGE COMMUNICATIONS, ALUMNI RELATIONS AND GENERAL INSTITUTIONAL EXPENSES (1197 STUDENTS) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 7588821 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 176336 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 51024476 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 85 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1384 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOIS MULBROOK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3198954245 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 FIRST ST SW | AddressLine1 |
| City | MOUNT VERNON | City |
| State | IA | State |
| ZIP Code | 52314 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (35 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| STEVEN ANDERSON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| KYLE DAVY | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| PETER S BRYANT | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JEFFREY JENSEN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MAUREEN JOHNSON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JEAN RUSSELL | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JOHN D MCGRANE | |||||||
| TRUSTEE- CHAIR OF BOARD | 4.00 | X | 0 | 0 | 0 | X | |
| ROBERT MCLENNAN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ROBERT WILSON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JOHN SMITH | |||||||
| TRUSTEE - VICE CHAIR FOR COLLEGE ADVANCEMENT | 3.00 | X | 0 | 0 | 0 | X | |
| VIRGINIA SMITH | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| RICHARD J WILLIAMS | |||||||
| TRUSTEE - VICE CHAIR FOR ENROLLMENT AND STUD AFF | 3.00 | X | 0 | 0 | 0 | X | |
| LOREN HIRATZKA | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MILDRED G CARSTENSEN | |||||||
| TRUSTEE - VICE CHAIR ACADEMIC AFFAIRS | 3.00 | X | 0 | 0 | 0 | X | |
| LYNN LUCE KITT | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JERRY N RINGER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| GILDA V BOYER | |||||||
| TRUSTEE - VICE CHAIR BUSIN | 3.00 | X | 0 | 0 | 0 | X | |
| LINDA KOEHN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JUDY JORGENSEN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DEAN RIESEN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JOHN URHEIM | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JESSICA MORTON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| EDWARD MEADS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| THOMAS DUNHAM | |||||||
| TRUSTEE-SECRETARY | 3.00 | X | 0 | 0 | 0 | X | |
| JOHN BICKEL | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| STUART LEHR | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| FRANCES KAO | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ELI WADE-SCOTT | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| KAREN MERCER | |||||||
| TREASURER & VP OF BUS | 50.00 | 143303 | 0 | 14457 | X | ||
| JONATHAN BRAND | |||||||
| PRESIDENT | 60.00 | 132734 | 0 | 18053 | X | ||
| JAMES BROWN | |||||||
| ASSISTANT TO THE PRESIDENT | 50.00 | 148900 | 0 | 37098 | X | ||
| JONATHAN STROUD | |||||||
| VICE PRESIDENT FOR ENROLLMENT MANAGEMENT | 50.00 | 133172 | 0 | 20891 | X | ||
| PETER WILCH | |||||||
| VICE PRESIDENT FOR ADVANCEMENT | 50.00 | 128343 | 0 | 11612 | X | ||
| JOHN HARP | |||||||
| VP FOR STUDENT AFFAIRS | 50.00 | 101027 | 0 | 20441 | X | ||
| RONALD JOE DIEKER | |||||||
| VICE PRESIDENT FOR ACADEMIC AFFAIRS | 50.00 | 131019 | 0 | 24949 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 918498 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 147501 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXO | |||||
| 4880 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | CUSTODIAL & DINING | 3174916 |
| OPNARC ARCHITECTS INC | |||||
| 200 FIFTH AVE SE STE 201 | CEDAR RAPIDS | IA | 52401 | ARCHITECTS & CONTRACTORS | 646720 |
| PER MAR SECURITY SERVICE | |||||
| PO BOX 1101 | DAVENPORT | IA | 52805 | CAMPUS-WIDE SECURITY | 269900 |
| MAILING SERVICES INC | |||||
| 950 CAPITAL DR SW | CEDAR RAPIDS | IA | 52404 | MAILING SERVICE | 171494 |
| MCCOMAS-LACINA CONSTRUCTION | |||||
| 1310 HIGHLAND COURT | IOWA CITY | IA | 52240 | CONSTRUCTION COMPANY | 139664 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Government Grants | 702502 | GovernmentGrants |
| All Other Contributions | 8136854 | AllOtherContributions |
| Noncash Contributions | 681268 | NoncashContributions |
| Total Contributions | 8839356 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611710 | 37857012 | 37857012 |
| DINING | 611710 | 4441710 | 4441710 |
| RESIDENCE | 611710 | 4005305 | 4005305 |
| EDUCATIONAL TRIPS AND | 611710 | 383159 | 383159 |
| STUDENT ACTIVITIES | 611710 | 86093 | 86093 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 176336 | TotalRevenueColumn |
| Related Or Exempt Function Income | 176336 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 46949615 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 344603 | TotalRevenueColumn |
| Exclusion | $344,603 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 192762 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 181789 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 10973 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10973 | TotalRevenueColumn |
| Exclusion | $10,973 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 27464812 | Securities |
| Other | 4248 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 25295713 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2169099 | Securities |
| Other | 4248 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2173347 | TotalRevenueColumn |
| Exclusion | $2,173,347 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| BRKT HSE GUEST FACIL | 721000 | 29126 | $29,126 | |
| HLTP FITNESS CNTR | 713940 | 2700 | $2,700 | |
| K-1 PRTNSHP LOSS | 525990 | -9828 | -9828 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 21998 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 58339892 | TotalRevenueColumn |
| Related Or Exempt Function Income | 46949615 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -9828 | UnrelatedBusinessRevenue |
| Exclusion | $2,560,749 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22458144 | Total |
| Program Services | 22458144 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 260643 | Total |
| Management And General | 260643 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14576304 | Total |
| Program Services | 13017732 | ProgramServices |
| Management And General | 924779 | ManagementAndGeneral |
| Fundraising | 633793 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 566746 | Total |
| Program Services | 497255 | ProgramServices |
| Management And General | 41468 | ManagementAndGeneral |
| Fundraising | 28023 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1669626 | Total |
| Program Services | 1464907 | ProgramServices |
| Management And General | 122165 | ManagementAndGeneral |
| Fundraising | 82554 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1022106 | Total |
| Program Services | 896781 | ProgramServices |
| Management And General | 74787 | ManagementAndGeneral |
| Fundraising | 50538 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 119956 | Total |
| Program Services | 59978 | ProgramServices |
| Management And General | 59978 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58064 | Total |
| Management And General | 58064 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133485 | Total |
| Management And General | 133485 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 175286 | Total |
| Management And General | 175286 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 238451 | Total |
| Program Services | 190761 | ProgramServices |
| Management And General | 38152 | ManagementAndGeneral |
| Fundraising | 9538 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 138541 | Total |
| Program Services | 138541 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1452658 | Total |
| Program Services | 857403 | ProgramServices |
| Management And General | 497398 | ManagementAndGeneral |
| Fundraising | 97857 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 558955 | Total |
| Program Services | 269522 | ProgramServices |
| Management And General | 267075 | ManagementAndGeneral |
| Fundraising | 22358 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97837 | Total |
| Program Services | 97837 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1776052 | Total |
| Program Services | 1623826 | ProgramServices |
| Management And General | 59362 | ManagementAndGeneral |
| Fundraising | 92864 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 427998 | Total |
| Program Services | 342398 | ProgramServices |
| Management And General | 68480 | ManagementAndGeneral |
| Fundraising | 17120 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3424049 | Total |
| Program Services | 3293861 | ProgramServices |
| Management And General | 84989 | ManagementAndGeneral |
| Fundraising | 45199 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 363771 | Total |
| Program Services | 330723 | ProgramServices |
| Management And General | 33048 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| DINING | 2810751 | 2810751 | ||
| WRITEOFF CONTRIBUTION R | 2212281 | 2212281 | ||
| UTILITIES | 1053362 | 842690 | 168538 | 42134 |
| CUSTODIAL SERVICES | 931907 | 745526 | 149105 | 37276 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1388636 | Total |
| Program Services | 1085840 | ProgramServices |
| Management And General | 220063 | ManagementAndGeneral |
| Fundraising | 82733 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57915609 | Total |
| Program Services | 51024476 | ProgramServices |
| Management And General | 5649146 | ManagementAndGeneral |
| Fundraising | 1241987 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11801217 | BOY |
| EOY | 18452044 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14070693 | BOY |
| EOY | 8407273 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 478196 | BOY |
| EOY | 312074 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 325111 | BOY |
| EOY | 411542 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 105139609 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 46443825 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58412107 | BOY |
| EOY | 58695784 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39300838 | BOY |
| EOY | 36541208 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14666664 | BOY |
| EOY | 15988186 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2090679 | BOY |
| EOY | 2037810 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9589127 | BOY |
| EOY | 8473636 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150734632 | BOY |
| EOY | 149319557 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7103988 | BOY |
| EOY | 7145578 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16244784 | BOY |
| EOY | 15534212 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65045 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 600000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3797190 | BOY |
| EOY | 3393976 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27211007 | BOY |
| EOY | 26673766 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36734584 | BOY |
| EOY | 37447823 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25688339 | BOY |
| EOY | 25492690 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61100702 | BOY |
| EOY | 59705278 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123523625 | BOY |
| EOY | 122645791 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150734632 | BOY |
| EOY | 149319557 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 424283 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1302117 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 65046494 | BeginningOfYearBalance |
| Contributions | 245098 | Contributions |
| Investment Earnings Or Losses | 761164 | InvestmentEarningsOrLosses |
| Other Expenditures | 2386120 | OtherExpenditures |
| End Of Year Balance | 63666636 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 59668619 | BeginningOfYearBalance |
| Contributions | -131810 | Contributions |
| Investment Earnings Or Losses | 7868988 | InvestmentEarningsOrLosses |
| Other Expenditures | 2359303 | OtherExpenditures |
| End Of Year Balance | 65046494 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 57977908 | BeginningOfYearBalance |
| Contributions | 368194 | Contributions |
| Investment Earnings Or Losses | 4800105 | InvestmentEarningsOrLosses |
| Other Expenditures | 3477588 | OtherExpenditures |
| End Of Year Balance | 59668619 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 72967687 | BeginningOfYearBalance |
| Contributions | 3631616 | Contributions |
| Investment Earnings Or Losses | -14094705 | InvestmentEarningsOrLosses |
| Other Expenditures | 4526690 | OtherExpenditures |
| End Of Year Balance | 57977908 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.04400 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.93600 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.02000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 100000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 3376702 | OtherCostOrOtherBasis |
| Book Value | 3476702 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1824906 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 83946638 | OtherCostOrOtherBasis |
| Depreciation | 32442982 | Depreciation |
| Book Value | 53328562 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15891363 | OtherCostOrOtherBasis |
| Depreciation | 14000843 | Depreciation |
| Book Value | 1890520 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 58695784 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| HEDGE FUND | 6709977 | F |
| NATURAL RESOURCE FUND | 778814 | F |
| PRIVATE EQUITY FUND | 5115646 | F |
| REIT | 3383749 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 15988186 | TotalOfBookValueSecurities |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| ASSETS HELD IN TRUST | 3281806 |
| UNITRUSTS | 1953225 |
| CONTRACTS AND MISC | 28165 |
| CASH VALUE OF LIFE INSURANCE | 3210440 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 8473636 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| US GOVERNMENT LOANS, REFUNDABLE | $901,607 |
| STUDENT TUITION PAID IN ADVANCE | $161,609 |
| ANNUITIES PAYABLE | $1,273,750 |
| LIFE-INCOME PAYABLE | $1,057,010 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3393976 | TotalOfAmounts |
| Total Revenue | 58339892 | TotalRevenue |
| Total Expenses | 57915609 | TotalExpenses |
| Excess Or Deficit For Year | 424283 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1379560 | NetUnrealizedGLOnInvestments |
| Other | $77,443 | OtherAmount |
| Total Adjustments | -1302117 | TotalAdjustments |
| Excess Or Deficit Per FS | -877834 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 34586134 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1379560 | NetUnrealizedGainsInvestments |
| Other Revenues | -22380701 | OtherRevenues |
| Revenue Not Rptd F990 | -23760261 | RevenueNotRptdF990 |
| Revenue Subtotal | 58346395 | RevenueSubtotal |
| Investment Expenses Not Included | 175286 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -181789 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -6503 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 58339892 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 35463968 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 181789 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 181789 | ExpensesNotRptdF990 |
| Expenses Subtotal | 35282179 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 175286 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 22458144 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 22633430 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 57915609 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | THE BEGINNING OF THE YEAR BALANCE SHEET REFLECTS AN AMOUNT FOR CORNELL STUDENT GROUP CHECKING ACCOUNTS AT A LOCAL BANK. THESE ACCOUNTS HELD STUDENT ACTIVITY FEES WHICH HELP FUND THESE GROUPS AND WERE APPROPRIATED BY THE STUDENT SENATE. CORNELL'S FINANCIAL STATEMENTS SHOWED THIS AS A LIABILITY FUND HELD ON BEHALF OF OTHERS. AS OF THE END OF THE YEAR, THESE FUNDS HAVE NOW COME UNDER THE CONTROL OF THE COLLEGE. | |
| PART V, LINE 4: | THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS ENDOWMENT FUND. ONE OF THE OBJECTIVES OF THIS FUND IS TO PROVIDE A PREDICTABLE FUNDING STREAM FOR ITS PROGRAMS WHILE MAXIMIZING RETURNS ON THE INVESTMENTS. THE COLLEGE HAS ADOPTED POLICIES TO COMPLY WITH FAS 117-1 AND UPMIFA AS ADOPTED BY THE 2008 IOWA LEGISLATURE. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | 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. MANAGEMET 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, 2012 AND 2011, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. 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, 2008 AND PRIOR. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| ACTUARIAL ADJUSTMENTS ON LIFE INCOME AND ANNUITY AGREEMENTS 77,443. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| ACTUARIAL ADJUSTMENTS ON LIFE AND ANNUITY CONTRACTS 77,443. SCHOLARSHIPS -22,458,144. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| RENT EXPENSES -181,789. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| RENT EXPENSES 181,789. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| SCHOLARSHIPS 22,458,144. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | CORNELL COLLEGE HAS THE FOLLOWING STATEMENT ON THE APPLICATION FOR ADMISSION - CORNELL COLLEGE ADMITS QUALIFIED STUDENTS OF ANY RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, AGE, RELIGION, SEXUAL ORIENTATION, AND DISABILITY. CORNELL COLLEGE IS AN AFFIRMITIVE ACTION, EQUAL OPPORTUNITY INSTITUTION. THIS APPLICATION WOULD BE GIVEN TO ANY PERSON WANTING TO ATTEND CORNELL, AND THUS, WOULD BE KNOWN TO ALL PARTS OF THE COMMUNITY IT SERVES. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | FEDERAL AND STATE GRANTS |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (7 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| NORTH AMERICA - CANADA AND MEXICO) | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD PROGRAM | 58114 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD PROGRAM | 139488 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD PROGRAM | 38845 |
| EUROPE (INCLUDING ICELAND & GREENLAND) - | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD PROGRAM | 100005 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD PROGRAM | 26093 |
| AUSTRALIA AND NEW ZEALAND | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD PROGRAM | 35332 |
| AFRICA | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD PROGRAM | 43979 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 441856 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 441856 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (8 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| EDUCATIONAL - ACM TUITION REMISSION | 16 | 514445 |
| EDUCATIONAL - SEOG GRANTS | 313 | 42221 |
| EDUCATIONAL - GENERAL GRANTS | 910 | 9406000 |
| EDUCATIONAL - FACULTY AND STAFF SCHOLARSHIPS | 9 | 229215 |
| EDUCATIONAL - INTERNATIONAL SCHOLARSHIPS | 1 | 16360 |
| EDUCATIONAL - WORKSTUDY COLLEGE CONTRIBUTION | 534 | 110734 |
| ENDOWED AND OTHER SCHOLARSHIPS | 1006 | 10467555 |
| EDUCATIONAL - INSTITUTIONAL SCHOLARSHIPS | 213 | 1671614 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: CORNELL MONITORS ALL GRANT RESOURCES THROUGH FEDERAL, STATE, AND INSTITUTIONAL AUDITS AS WELL AS FEDERAL, STATE, AND INTERNAL POLICY AND PROCEDURES. AS WELL AS PERIODIC AUDITING BY AND REPORTING TO THE FEDERAL DEPARTMENT OF EDUCATION, AN INDEPENDENT AUDIT FIRM COMPLETES AN ANNUAL AUDIT OF ALL GRANTS AND OTHER ASSISTANCE. CORNELL'S MANAGEMENT TAKES THE NECESSARY STEPS TO INSURE CORNELL IS IN COMPLIANCE WITH THE MANY FEDERAL REGULATIONS. RECIPIENTS OF GRANT AND OTHER ASSISTANCE ARE SELECTED ON AN EQUAL OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KAREN MERCER | |||||||||||||
| 143136 | 0 | 0 | 0 | 167 | 0 | 7540 | 0 | 6917 | 0 | 157760 | 0 | 0 | 0 |
| JONATHAN BRAND | |||||||||||||
| 132112 | 0 | 0 | 0 | 622 | 0 | 7854 | 0 | 10199 | 0 | 150787 | 0 | 0 | 0 |
| JAMES BROWN | |||||||||||||
| 148150 | 0 | 0 | 0 | 750 | 0 | 24500 | 0 | 12598 | 0 | 185998 | 0 | 0 | 0 |
| JONATHAN STROUD | |||||||||||||
| 129599 | 0 | 0 | 0 | 3573 | 0 | 3398 | 0 | 17493 | 0 | 154063 | 0 | 0 | 0 |
| RONALD JOE DIEKER | |||||||||||||
| 130804 | 0 | 0 | 0 | 215 | 0 | 11112 | 0 | 13837 | 0 | 155968 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | TRAVEL FOR COMPANIONS -CORNELL'S PRESIDENT AND A FEW KEY EMPLOYEES IN THE ALUMNI AND ADVANCEMENT OFFICE WILL OCCASIONALLY TRAVEL WITH THEIR SPOUSES TO VARIOUS CORNELL FUNCTIONS, BECAUSE THEY ARE OFTEN TIMES ALUMNI AND ALSO ADVOCATES OF THE COLLEGE. RESIDENCE FOR PERSONAL USE - PRESIDENT BRAND IS REQUIRED TO LIVE AND ENTERTAIN IN THE PRESIDENT'S HOME WHICH IS OWNED BY THE COLLEGE. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| IOWA HIGHER EDUCATION LOAN AUTHORITY | |||||||
| 421235696 | 462460ZB5 | 2006-10-24 | 6878820 | CONSTRUCTION OF STUDENT HOUSING | 0 | 0 | 0 |
| IOWA HIGHER EDUCATION LOAN AUTHORITY | |||||||
| 421235696 | 462460E51 | 2008-06-20 | 11695000 | RENOVATION OF VARIOUS CAMPUS FACILITIES AND REFINANCE OF PRIOR BOND ISSUES | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Refunding EscrowRefundingEscrow | Working Capital ExpendituresWorkingCapitalExpenditures |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 119126 | 6942033 | 438056 | 137575 | 6366402 | 2007 | 0 | 0 | 1 | 1 | ||
| 2920483 | 11736190 | 157192 | 2009 | 1 | 0 | 1 | 1 | 3755286 | 7823712 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line2NameOfGICProvider/BusinessNameLine2 | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|
| BAYERISCHE | ||||||||
| 0 | 0 | 0 | 1 | LANDESBANK | 40.000000000000 | 1 | 1 | 1 |
| (no name) | ||||||||
| 0 | 1 | 0 | 0 | 0 | 1 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 23 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 681268 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | AVG SHARE PRICE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: | Identifier |
| Return Reference | PART I, COLUMN (B): | ReturnReference |
| Explanation | THIS IS THE NUMBER OF ITEMS RECEIVED. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | THE COLLEGE RECEIVED ITS EQUITABLE PORTION OF THE MCELROY LOAN FUND TRUST EFFECTIVE FEBRUARY 1, 2012. THE COLLEGE WILL CONTINUE TO USE THE ASSETS FROM THE TRUST TO DISBURSE LOANS TO STUDENTS AND USE THE SAME CRITERIA FOR LENDING. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS REVIEWED IN DETAIL BY THE BUSINESS AFFAIRS COMMITTEE OF THE BOARD. THE 990 IS FINALIZED AND POSTED TO THE CORNELL COLLEGE SECURED BOARD WEBSITE AND MADE AVAILABLE FOR REVIEW BY EACH MEMBER. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR, A CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO EACH BOARD MEMBER. THEY ARE REQUIRED TO COMPLETE THIS FORM AND RETURN IT TO CORNELL. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT'S SALARY IS SET BY THE BOARD OF TRUSTEES, WHO TAKE INTO CONSIDERATION SALARY SURVEY DATA FROM THE ASSOCIATED COLLEGES OF THE MIDWEST. VICE-PRESIDENTIAL SALARIES ARE DETERMINED BY THE PRESIDENT AND THE HUMAN RESOURCES DIRECTOR UTILIZING SALARY DATA FROM THE ASSOCIATED COLLEGES OF THE MIDWEST AND COLLEGE AND UNIVERSITY PROFESSIONALS (CUPA) DATA. OTHER STAFF AND FACULTY SALARIES ARE REVIEWED WHEN REPLACEMENTS ARE NECESSARY OR WHEN MARKET CONDITIONS INDICATE THAT A POSITION IS SIGNIFICANTLY UNDERPAID. PROPOSED SALARIES FOR NEW OR REPLACEMENT STAFF POSITIONS ARE COMPARED TO EXTERNAL MARKET DATA AND DISCUSSED BY THE SALARY REVIEW COMMITTEE (VICE-PRESIDENT OF BUSINESS AFFAIRS, SPECIAL ASSISTANT TO THE PRESIDENT AND THE DIRECTOR OF HUMAN RESOURCES). MARKET DATA, IN CONJUNCTION WITH FINANCIAL CONSTRAINTS, YIELD A RECOMMENDATION FORWARDED TO THE PRESIDENT FOR REVIEW AND APPROVAL. IF SALARY INCREASES ARE GRANTED TO CONTINUING STAFF AND FACULTY, GENERALLY AN ACROSS-THE-BOARD INCREASE IS APPLIED TO SALARIES, WITH INDIVIDUAL ADJUSTMENTS MADE ONLY IF MARKET DATA SHOWS CONSIDERABLE VARIANCE. COMPENSATION INCREASES ARE INCLUDED AS PART OF THE PROPOSED BUDGET THAT IS APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | CORNELL'S BYLAWS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -1,379,560. ACTUARIAL ADJUSTMENTS ON LIFE INCOME AND ANNUITY AGREEMENTS 77,443. TOTAL TO FORM 990, PART XI, LINE 5: -1,302,117. |
| NONCASH PROPERTY DESCRIPTION | SCHEDULE B, PART II, NUMBER 2 FROM PART I | 122 SHS AT&T, 52 SHS APA, 8 SHS EBAY, 121 SHS EXC, 225 SHARES XOM, 8 SHS GE, 42 SHS HAL, 7,545 SHS ITW, 375 SHS PEP, 47 SHS UNP, 58 SHS VZ. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCELROY-CORNELL LOAN FUND | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 FIRST STREET SW | AddressLine1 |
| City | MT VERNON | City |
| State | IA | State |
| ZIP Code | 52314 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421256058 | EIN |
| Primary Activities | LOANS FOR STUDENTS | PrimaryActivities |
| Legal Domicile State | IA | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 11(A) TYPE 1 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 1 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCELROY - CORNELL LOAN FUND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | R | TransactionType |
| Amount Involved | 513792 | AmountInvolved |
| Method Of Amt Determination | CASH/RECEIVABLES | MethodOfAmtDetermination |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART V TRANSACTIONS WITH RELATED ORGANIZATION, 1R: | ReturnReference |
| Explanation | AS OF FEBRUARY, 2012 THE ASSETS OF THE TRUST WAS DISSOLVED AND ALL OBLIGATIONS TO THE TRUST WERE ELIMINATED. | Explanation |