2026-05-15T12:41:49-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-07-01 390826049 RIPON COLLEGE RIPO 9207488108 PO BOX 248 RIPON WI 54971 AUDRA HOFFMANN VP FOR FINANCE 9207488108 2026-05-14 1 1 TROY E MARINE P00187863 4147775500 2026-05-14 2024 2025-03-06 01:10:19Z VICTORIA FOLSE 300 WEST SEWARD STREET RIPON WI 54971 97907791 0 X WWW.RIPON.EDU X 1851 WI RIPON COLLEGE PREPARES STUDENTS OF DIVERSE INTERESTS FOR LIVES OF PRODUCTIVE, SOCIALLY RESPONSIBLE CITIZENSHIP. OUR LIBERAL ARTS & SCIENCES CURRICULUM AND RESIDENTIAL CAMPUS CREATE AN INTIMATE LEARNING COMMUNITY IN WHICH STUDENTS EXPERIENCE A RICHLY PERSONALIZED EDUCATION. 38 37 646 8 514345 72227 9007700 24218678 41822098 41553797 5498805 7414936 326350 674108 56654953 73861519 24959450 25078324 0 0 16221186 18519459 0 0 1521191 16403888 17813702 57584524 61411485 -929571 12450034 207800658 227597499 45585007 48167136 162215651 179430363 X RIPON COLLEGE PREPARES STUDENTS OF DIVERSE INTERESTS FOR LIVES OF PRODUCTIVE, SOCIALLY RESPONSIBLE CITIZENSHIP. OUR LIBERAL ARTS & SCIENCES CURRICULUM AND RESIDENTIAL CAMPUS CREATE AN INTIMATE LEARNING COMMUNITY IN WHICH STUDENTS EXPERIENCE A RICHLY PERSONALIZED EDUCATION. 0 0 51709168 25078324 41553797 RIPON COLLEGE, AN ACCREDITED PRIVATE INSTITUTION, PROVIDES A FOUR-YEAR DEGREE PROGRAM IN THE LIBERAL ARTS & SCIENCES. THIS EDUCATIONAL PROGRAM BENEFITS MORE THAN 703 FULL TIME EQUIVALENT STUDENTS. 51709168 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 958 0 1 646 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 38 37 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X AUDRA HOFFMANN 9207488108 300 WEST SEWARD STREET RIPON WI 54971 VICTORIA FOLSE PRESIDENT 40.00 X X 297274 0 35437 SHAWN KARSTEN VP, ADV., MARK. & COMM. 40.00 X 153440 0 35293 JENNIFER MACHACEK VP FOR ENROLLMENT (THROUGH 10/2024) 40.00 X 155096 0 26592 CHRIS OGLE VP & DEAN OF STUDENTS 40.00 X 159772 0 19595 JOHN SISKO VP & DEAN OF FACULTY 40.00 X 143650 0 26391 STEPHEN COAN VP FOR FINANCE (THROUGH 08/2024) 40.00 X 123937 0 8742 DENNIS BANGART INTERIM VP/AVP FOR FIN. AND CONTROLLER 40.00 X 104413 0 26525 CHRISTOPHER SCHUMACHER VP & DIRECTOR OF ATHLETICS 40.00 X 122404 0 8303 MARK FRANZEN TRUSTEE/CHAIR 1.00 X X 0 0 0 MARTIN LINDSAY TRUSTEE/TREASURER 1.00 X X 0 0 0 CONNIE H MOSER TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 ALEXANDER H LEVIS TRUSTEE 1.00 X 0 0 0 ALICE ARCHABAL TRUSTEE 1.00 X 0 0 0 BLAINE GIBSON TRUSTEE 1.00 X 0 0 0 CAMILLE C CLEMONS TRUSTEE 1.00 X 0 0 0 CARRIE ROCA-DAWSON TRUSTEE 1.00 X 0 0 0 CHRIS WIEDEY TRUSTEE 1.00 X 0 0 0 CHRISTIAN SCHMIDT TRUSTEE 1.00 X 0 0 0 DANTE HOUSTON TRUSTEE 1.00 X 0 0 0 DAVID A JANSSEN TRUSTEE 1.00 X 0 0 0 DEBORAH J LAHTEINE TRUSTEE 1.00 X 0 0 0 ELIZABETH PECHA-POELKER TRUSTEE 1.00 X 0 0 0 ERIKCA DOSS TRUSTEE 1.00 X 0 0 0 EUGENE SCHNEIDER TRUSTEE 1.00 X 0 0 0 GEORGE ZORNADA TRUSTEE 1.00 X 0 0 0 HOLLY LIFKE TRUSTEE 1.00 X 0 0 0 JAMES R CLARK TRUSTEE 1.00 X 0 0 0 JOHN H WOLFE TRUSTEE 1.00 X 0 0 0 LESLIE PAULSEN TRUSTEE 1.00 X 0 0 0 LISA M WOLLAN TRUSTEE 1.00 X 0 0 0 MIKE J MILBURN TRUSTEE 1.00 X 0 0 0 MIKE MCLAUGHLIN TRUSTEE 1.00 X 0 0 0 PENELOPE PATE GREENE TRUSTEE 1.00 X 0 0 0 PETER W TUZ TRUSTEE 1.00 X 0 0 0 PHILIP K MCCULLOUGH TRUSTEE 1.00 X 0 0 0 RACHEL REGER TRUSTEE 1.00 X 0 0 0 RICHARD K RUSSO TRUSTEE 1.00 X 0 0 0 RONALD R PETERSON TRUSTEE 1.00 X 0 0 0 SARAH WILLETT TRUSTEE 1.00 X 0 0 0 SEJAL SHAH TRUSTEE 1.00 X 0 0 0 STEVEN J HOPP TRUSTEE 1.00 X 0 0 0 SUSAN MEIER TRUSTEE 1.00 X 0 0 0 TED UCZEN TRUSTEE 1.00 X 0 0 0 THOMAS BROMAN TRUSTEE 1.00 X 0 0 0 THOMAS W ABENDROTH TRUSTEE 1.00 X 0 0 0 1259986 0 186878 9 0 1 0 BOLDT COMPANY N21W23340 RIDGEVIEW PKWY WAUKESHA WI 53188 CONSTRUCTION COMPANY - STADIUM/SCIENCE C 3465965 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILL MD 21093 FOOD SERVICE 3223058 CARNEGIE DARTLET LLC 210 LITTLETON ROAD SUITE 100 WESTFORD MO 01886 HIGHER EDUCATION MARKETING AND ENROLLMEN 325444 SSM HEALTH 12800 CORPORATE HILL DR ST LOUIS MO 63131 CLINIC SERVICES 284884 BOLDYN NETWORKS HIGHER ED LLC 1400 BROADWAY 17TH FLOOR NEW YORK NY 10018 IT SERVICES 241211 23 13120 403466 23802092 1177699 24218678 TUITION & FEES 812900 34233868 34233868 AUXILIARY ENTERPRISES 812900 7319929 7319929 41553797 1770314 81537 1688777 4095 4095 203171 0 203171 203171 203171 29643630 23991160 7848 5652470 -7848 5644622 5644622 47561 13120 47264 297 297 SUMMER CAMP/CONFERENCE 721000 432808 432808 MISCELLANEOUS 812900 33737 33737 466545 73861519 41553797 514345 7574699 25078324 25078324 596327 499159 97168 12958796 11223000 1041810 693986 895261 740029 98412 56820 3147124 2743570 229071 174483 921951 766500 99335 56116 11511 11511 59435 40525 18910 126016 126016 75000 75000 2664105 2098453 419187 146465 395973 49033 346940 2186903 2066150 120753 363005 358348 4657 1974155 1974155 1123927 955365 15461 153101 254402 102404 129699 22299 1664769 1664769 2241060 2241060 537071 19549 517522 FOOD SERVICE CONTRACT 2632319 2632319 ALL OTHER EXPENSES 636535 636535 PROMOTIONS & AWARDS 371819 371819 STUDENT ACTIVITIES 306538 306538 189159 171576 17583 61411485 51709168 8181126 1521191 5844021 5404232 11228622 18664363 6078650 12060120 1640424 1441244 520916 403272 141985 245875 127354171 48385495 72253683 78968676 52110179 55535694 49385122 46746142 8597056 8127881 207800658 227597499 3221462 2014660 483289 286624 167161 73177 38587760 41925140 3125335 3867535 45585007 48167136 X 26875317 40356207 135340334 139074156 162215651 179430363 207800658 227597499 X 12450034 4378023 386655 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1072685 X X X 0 114037583 10461004 11137664 9502281 126133970 112583784 2957140 11445156 12948497 114037583 110826272 2641186 6176993 7060667 112583784 117532116 3129538 -3050965 5985000 799417 110826272 91968278 7418715 22528380 4985000 -601743 117532116 0.00470 0.99530 0.00000 0 0 585766 585766 118373069 41611526 76761543 8395336 6773969 1621367 78968676 ALTERNATIVE INVESTMENTS 46746142 F 46746142 ANNUITIES PAYABLE 165771 ACCRUED POSTRETIREMENT BENEFIT 1713349 CONDITIONAL ASSET RETIREMENT OBLIGATION 850778 OPERATING LEASE LIABILITIES 1137637 3867535 X 53595137 4378023 433919 4811942 48783195 25078324 25078324 73861519 36380425 47264 47264 36333161 25078324 25078324 61411485 PART III, LINE 4: TO ENABLE STUDENTS AND COMMUNITY MEMBERS TO LEARN ABOUT AND EXPERIENCE DIFFERENT ART FORMS. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, ACADEMIC PROGRAMS AND FACILITIES TO ASSIST IN FURTHERING THE MISSION OF THE COLLEGE. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE COLLEGE IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE COLLEGE HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024. THE COLLEGE'S TAX RETURNS THROUGH THE YEAR ENDED JUNE 30, 2021 ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 132,348. CHANGES IN SPLIT-INTEREST AGREEMENTS 88,080. CHANGES IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS HELD BY OTHERS 166,227. FUNDRAISING EXPENSES 47,264. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 25,078,324. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 47,264. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 25,078,324. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RIPON COLLEGE DRAWS STUDENTS NATIONWIDE. MATERIALS USED IN PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS INCLUDE A STATEMENT THAT RIPON COLLEGE ADMITS STUDENTS OF ANY RACE, COLOR, AND NATIONAL OR ETHNIC ORIGIN. SCHEDULE E, PART I, LINE 6 RIPON COLLEGE RECEIVED FEDERAL FUNDS INCLUDING ALL TITLE IV AID PROGRAMS. RIPON COLLEGE RECEIVES WISCONSIN FUNDS INCLUDING WTG, TIP WI MINORITY GRANTS, ACADEMIC EXCELLENCE, ROBERT BYRD, AND WI HANDICAP, INDIAN AND WI COVENANT GRANTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 2133081 0 0 0 0 0 0 2133081 0 2133081 1 0 0 1 1 0 FORM 990, SCHEDULE F, PART IV: RIPON COLLEGE INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE ORGANIZATION'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 8621, OR 8865. TO THE EXTENT THAT THE ORGANIZATION IS REQUIRED TO COMPLETE ONE OF THESE FOREIGN FORMS, IT HAS BEEN FILED WITH THE ORGANIZATION'S ANNUAL FORM 990-T. GOLF SCRAMBLE 60681 13120 47561 34102 13162 60681 13120 47561 34102 13162 47264 297 1 INSTITUTIONAL GRANTS AND SCHOLARSHIPS 675 19486366 ENDOWED SCHOLARSHIPS 437 5591958 PART I, LINE 2: RIPON COLLEGE TRACKS ALL GRANTS ISSUED BY GRANT, DOLLAR AMOUNT, STUDENT, AND TERM. FINANCIAL AID AWARDS GRANTS BASED ON THE GRANTEES ELIGIBILITY FOR ANY GRANT. ELIGIBILITY MAY BE BASED ON NEED, GRADES, MAJORS, ETC. IF NEED BASED, THE FAFSA WILL BE UTILIZED. EACH GRANT MAY HAVE UNIQUE SELECTION CRITERIA WHICH IS DOCUMENTED BY THE FINANCIAL AID DEPARTMENT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 VICTORIA FOLSE PRESIDENT 297274 0 0 0 0 0 19337 0 16100 0 332711 0 0 0 SHAWN KARSTEN VP, ADV., MARK. & COMM. 153440 0 0 0 0 0 10333 0 24960 0 188733 0 0 0 JENNIFER MACHACEK VP FOR ENROLLMENT (THROUGH 10/2024) 155096 0 0 0 0 0 10677 0 15915 0 181688 0 0 0 CHRIS OGLE VP & DEAN OF STUDENTS 159772 0 0 0 0 0 10184 0 9411 0 179367 0 0 0 JOHN SISKO VP & DEAN OF FACULTY 143650 0 0 0 0 0 9744 0 16647 0 170041 0 0 0 PART I, LINE 1A IRS INSTRUCTIONS TO FORM 990 REQUIRE THAT THE FAIR MARKET VALUE OF HOUSING PROVIDED TO EMPLOYEES BY THEIR EMPLOYER BE REPORTED ON FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II (WHETHER OR NOT THE VALUE IS DEEMED TAXABLE). AS A CONDITION OF EMPLOYMENT, THE PRESIDENT OF RIPON COLLEGE IS REQUIRED TO RESIDE IN THE RESIDENCE ON THE CAMPUS PREMISES. THE RESIDENCE SERVES BOTH AS A PERSONAL RESIDENCE AS WELL AS A VENUE FOR THE REGULAR CARRYING ON OF COLLEGE BUSINESS. THE COLLEGE HAS DETERMINED THAT THE VALUE OF THE USE OF THIS PERSONAL-RESIDENCE IS NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT AS PROVIDED FOR IN INTERNAL REVENUE CODE 119. FOR FISCAL YEAR 2025, THE VALUE OF THE PRESIDENT'S USE OF THE RESIDENCE IS CONSERVATIVELY ESTIMATED TO BE $33,480. THIS ESTIMATE VALUE IS BASED ON AN ESTIMATED MONTHLY RENTAL VALUE OF THE RESIDENCE OF $2,790/MONTH INCLUDING UTILITIES TOTALING $33,480 ANNUALLY. X 27 1177699 NET SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES SHALL ELECT TO MEMBERSHIP ON THE BOARD SUCCESSORS TO THOSE MEMBERS WHOSE TERMS EXPIRE ON THAT DATE, WITH THE EXCEPTION OF THE ALUMNI TRUSTEE AND THE SPECIAL GRADUATE TRUSTEE. ONE OF THE AFORESAID SUCCESSORS SHALL BE RECOMMENDED BY THE ALUMNI AND ONE BY THE STUDENT BODY, AS HEREINAFTER PROVIDED. TRUSTEES SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE TRUSTEES PRESENT AT THE MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO EACH MEMBER OF THE AUDIT COMMITTEE FOR THEIR REVIEW. ANY NECESSARY CHANGES OR CORRECTIONS ARE MADE AND A FINAL FORM 990 IS SENT TO ALL MEMBERS PRIOR TO FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM YEARLY. A SUMMARY OF ALL FORMS DISTRIBUTED, RETURNED, AND THE NUMBER WITH DISCLOSURES IS COMPLETED. ALL FORMS WITH DISCLOSURES ARE REVIEWED BY THE PRESIDENT AND VICE PRESIDENT FOR FINANCE. THOSE WITH DISCLOSURES ARE CATEGORIZED AS NOT A CONFLICT", A POTENTIAL CONFLICT BUT IMMATERIAL TO THE COLLEGE, AND THOSE THAT REQUIRE FURTHER ACTION. IF ANY ARE DEEMED TO REQUIRED FURTHER ACTION, THEN THOSE ARE REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE. IF ACTION IS NECESSARY, PROPER ACTIONS ARE TAKEN BY THE COLLEGE TO ENSURE THAT ANY DETRIMENTAL IMPACT TO THE COLLEGE IS MINIMIZED OR NEGATED. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE, SUBJECT TO THE APPROVAL OF THE BOARD, FOR THE APPOINTMENT, COMPENSATION, AND EVALUATION OF THE OFFICE OF PRESIDENT, AND SHALL BE RESPONSIBLE FOR APPOINTMENT AND COMPENSATION, UPON THE RECOMMENDATION OF THE PRESIDENT FOR THE OFFICES OF VICE PRESIDENT AND DEAN OF FACULTY, VICE PRESIDENT AND DEAN OF STUDENTS, VICE PRESIDENT FOR FINANCE, VICE PRESIDENT OF ADVANCEMENT AND MARKETING AND COMMUNICATIONS, AND VICE PRESIDENT AND DEAN OF ADMISSION AND FINANCIAL AID. THE EXECUTIVE COMMITTEE SHALL CONSIDER ADJUSTMENT IN THE COMPENSATION OF SUCH OFFICERS ON AN ANNUAL BASIS. SALARIES WILL BE REVIEWED ON AN ANNUAL BASIS AND ANY SPECIAL INCREASE/DECREASE DIFFERING FROM THE ANNUAL ACROSS THE BOARD INCREASE/DECREASE WILL BE DONE BY SEPARATE LETTER AND SENT TO THE VICE PRESIDENT FOR FINANCE NO LATER THAN DECEMBER 15TH OF EACH YEAR TO TAKE EFFECT IN JANUARY OF THE NEXT CALENDAR YEAR. THE COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES IS REVIEWED FOR REASONABLENESS THROUGH REVIEW OF COMPARABLE POSITIONS AT PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 132,348. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 88,080. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS HELD BY OTHERS 166,227. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. PERPETUAL TRUSTS (2) SUPPORT WI RIPON COLLEGE 1 CHARITABLE GIFT ANNUITIES (6) SUPPORT WI RIPON COLLEGE 1 CHARITABLE REMAINDER TRUST (1) SUPPORT WI RIPON COLLEGE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0