2024-04-08T18:52:44-05:00 2023-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2022-07-01 910567740 BOARD OF TRUSTEES OF WHITMAN COLLEGE BOAR 5095275411 345 BOYER AVENUE WALLA WALLA WA 993622067 DAVID J HAMRICK VP FOR FINANCE & ADMIN 5095275145 2024-04-01 1 DAVID HAMRICK XXX-XX-XXXX 0 TRACY S PAGLIA P00366884 2099556100 2024-04-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SARAH BOLTON 345 BOYER AVENUE WALLA WALLA WA 993622067 218058576 0 X HTTP://WWW.WHITMAN.EDU X 1859 WA PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION TO PASSIONATE, ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS. 23 22 1652 667 802694 25622 25192899 24868989 97675433 98708514 31195807 38130340 1963457 2225129 156027596 163932972 40174163 41505390 0 0 50979638 54333687 0 0 4194086 42632137 59723816 133785938 155562893 22241658 8370079 951754815 1016276452 115740918 119856091 836013897 896420361 X THE MISSION OF WHITMAN COLLEGE IS TO PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION OF THE HIGHEST QUALITY TO PASSIONATE AND ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS. WHITMAN STUDENTS DEVELOP THEIR INTELLECTUAL AND CREATIVE CAPACITIES IN A SUPPORTIVE SCHOLARLY COMMUNITY THAT PRIORITIZES STUDENT LEARNING WITHIN AND BEYOND THE CLASSROOM. 0 0 65849754 86906078 TO PROVIDE ACADEMIC INSTRUCTION, SUPPORT AND OTHER PROGRAMS TO ALL WHITMAN COLLEGE STUDENTS, INCLUDING 1,400 FULL-YEAR UNDUPLICATED FULL TIME EQUIVALENT STUDENTS AND 355 GRADUATED STUDENTS. 41505391 41505391 TO PROVIDE STUDENTS WITH SERVICES INCLUDING FINANCIAL AID ASSISTANCE, COUNSELING, INTERNSHIPS, JOB PLACEMENT, INSTRUCTIONAL SCHOLARSHIPS, AND FEDERAL LOANS OR GRANTS. DURING THE FISCAL YEAR, 1,439 STUDENTS RECEIVED INSTRUCTIONAL SCHOLARSHIPS AND 848 STUDENTS RECEIVED FEDERAL LOANS OR GRANTS. 14927972 11802436 TO PROVIDE STUDENTS WITH AUXILIARY SERVICES. DURING THE FISCAL YEAR, 797 STUDENTS WERE HOUSED IN COLLEGE-PROVIDED HOUSING AND 744 STUDENTS PARTICIPATED IN COLLEGE-PROVIDED BOARD PLANS. 122283117 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 1 2506 0 1 1652 1 1 1 0 0 0 0 0 1 1 0 0 0 0 1 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV AK AL AR CA X X DARLENE WILSON AVP FOR FINANCE & CONTROLLER WHITMAN COLLEGE 5095274936 345 BOYER AVENUE WALLA WALLA WA 99362 JOSEPH C DAVIS CHAIR 1.00 X X 0 0 0 DANA REID VICE CHAIR 1.00 X X 0 0 0 BARBARA FEIGIN TRUSTEE (THRU 6/23) 1.00 X 0 0 0 DANIELLE GARBE RESER TRUSTEE 1.00 X 0 0 0 MARK KAJITA TRUSTEE 1.00 X 0 0 0 GORDON KEANE JR TRUSTEE 1.00 X 0 0 0 PETER LEWIS TRUSTEE 1.00 X 0 0 0 LEIGH ANN LUCERO TRUSTEE 1.00 X 0 0 0 MARSHAL MCREAL TRUSTEE 1.00 X 0 0 0 NATHANIAL MILES TRUSTEE 1.00 X 0 0 0 TRICIA PUTNAM MONTEGOMERY TRUSTEE 1.00 X 0 0 0 JIM MOORE TRUSTEE (THRU 6/23) 1.00 X 0 0 0 WILLIAM R NEFF TRUSTEE 1.00 X 0 0 0 AARON PERRINE TRUSTEE 1.00 X 0 0 0 CHARLES NELSON TRUSTEE 1.00 X 0 0 0 CHARLEY ROSENBERRY TRUSTEE 1.00 X 0 0 0 NANCY SERRURIER TRUSTEE 1.00 X 0 0 0 JONATHAN SPOSATO TRUSTEE 1.00 X 0 0 0 DENISE TABBUTT TRUSTEE (THRU 6/23) 1.00 X 0 0 0 JULIE TAYLOR TRUSTEE (THRU 6/23) 1.00 X 0 0 0 SARAH WANG TRUSTEE 1.00 X 0 0 0 ANN WATSON TRUSTEE 1.00 X 0 0 0 COURT WYCKOFF TRUSTEE 1.00 X 0 0 0 SARAH R BOLTON PRESIDENT (FROM 7/22) 40.00 X 305944 0 43528 KATHLEEN MURRAY PRESIDENT (THRU 6/22) 40.00 X 285196 0 20030 PETER W HARVEY CHIEF FINANCIAL OFFICER (THRU 5/23) 40.00 1.00 X 273765 0 64361 DAVID J HAMRICK VP FOR FINANCE AND ADMIN (FROM 5/23) 40.00 1.00 X 0 0 0 ALZADA TIPTON PROVOST AND DEAN OF FACULTY 40.00 X 237803 0 76351 JOHN JOHNSON VP DIVERSITY AND INCLUSION 40.00 X 184392 0 27171 KAZIPUTALIMBA JOSHUA VP STUDENT AFFAIRS AND DEAN OF STUDENTS 40.00 X 186007 0 85578 STEVEN J SETCHELL VP DEVELOPMENT AND ALUMNI RELATIONS 40.00 X 266076 0 35107 DAN TERRIO CHIEF INFORMATION OFFICER 40.00 X 174371 0 34902 PATRICK SPENCER FACULTY 40.00 X 172959 0 27261 PATRICK KEEF FACULTY 40.00 X 169572 0 20875 SCOTT KLEINHEKSEL ASSOCIATE VP FOR DEVELOPMENT 40.00 X 166178 0 25352 PHILIP BRICK FACULTY 40.00 X 150908 0 24132 KIMBERLY CHANDLER DIRECTOR OF ATHLETICS, DEPT CHAIR & SR LECTURER OF 40.00 X 153424 0 15250 2726595 0 499898 79 0 1 0 BON APPETIT PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 5871255 APOLLO MECHANICAL CONTRACT 1133 W COLUMBIA DRIVE KENNEWICK WA 99336 CONSTRUCTION 1115534 HAYS ELECTRIC LLC 620 N 13TH AVE WALLA WALLA WA 99362 CONSTRUCTION 612325 OTIS ELEVATOR PO BOX 73579 CHICAGO IL 60673 CONSTRUCTION 347636 INTEGRUS ARCHITECTURE P S 10 S CEDAR ST SPOKANE WA 99201 ARCHITECTURE 291855 24 788254 24080735 2846443 24868989 STUDENT TUITION & FEES 616000 85340413 85340413 HOUSING & MEAL SERVICE 611710 11782571 11782571 MISCELLANEOUS INCOME 900099 1565670 1565670 AUXILIARY 611710 19860 19860 98708514 9313065 802694 8510371 3532846 1307717 2225129 2225129 2225129 81635162 52817887 28817275 28817275 28817275 163932972 98708514 802694 39552775 X 38762048 38762048 2743342 2743342 2231688 768954 1069013 393721 99537 14000 85537 38399132 32391037 4118927 1889168 3407444 2779269 433107 195068 7346120 5991834 933737 420549 2849766 2324400 362223 163143 529865 529865 128731 128731 5059 5059 15835219 15835219 16590152 15763222 268066 558864 133105 123275 6985 2845 1738419 46017 1523162 169240 3107254 2920819 186435 5218116 3950752 1057145 210219 2330893 2191039 139854 8221181 7727910 493271 1065991 1065991 SUPPLIES 3683940 3000489 683451 COMMUNICATIONS 648876 528495 85539 34842 PRINTING & PUBLICATION 291900 97300 48650 145950 POSTAGE & SHIPPING 195115 158915 25723 10477 155562893 122283117 29085690 4194086 2585673 1236501 60868168 48496022 17907905 23771280 726632 720592 649120 1167137 294428405 121413394 165686724 173015011 288232930 403217746 413312465 362920661 738496 576632 1046702 1154870 951754815 1016276452 9729651 12011241 989264 682298 1863212 1680131 78057872 76625999 25100919 28856422 115740918 119856091 X 334352892 354254214 501661005 542166147 836013897 896420361 951754815 1016276452 X 8370079 54382125 -2345740 X 0 1 X 1 1 1 X 17710272 16920209 12967849 25186634 24868989 97653953 17710272 16920209 12967849 25186634 24868989 97653953 12535244 85118709 7596764 7752681 10920679 9245307 12043217 47558648 7940743 6827840 53633 14822216 160034817 454173134 0.53190 0.49670 X PART I, LINE 2 WHITMAN COLLEGE ALSO QUALIFIES FOR PUBLIC CHARITY STATUS AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 5059 0 0 0 5059 0 PART II-B, LINE 1: $5,059 IS THE AMOUNT OF DUES PAID TO THE INDEPENDENT COLLEGES OF WASHINGTON ALLOCATED TO LOBBYING EFFORTS BY THE INDEPENDENT COLLEGES OF WASHINGTON. 145600 3322240 X X X X 0 655461107 5466100 83959218 11466013 19313294 14796932 699310186 812714816 21839774 -150533180 10110816 17116362 1333125 655461107 560653503 4121039 317706785 11241253 15403808 43121450 812714816 539398364 5906621 57202221 10691838 14777756 16384109 560653503 534871675 7022776 31313093 10009928 14438023 9361229 539398364 0.29000 0.31000 0.40000 1 0 10035378 8479089 18514467 11173217 255952550 118160012 148965755 5295888 3253382 2042506 170044 3322239 3492283 173015011 COMMINGLED TRUSTS 44283053 F ALTERNATIVE INVESTMENTS 318637608 F 362920661 50000 POST RETIREMENT BENEFIT OBLIGATION 4617927 SPLIT INTEREST AGREEMENTS 13992630 DEFERRED COMPENSATION 1154870 REFUNDABLE ADVANCE 2032422 MED/DENTAL INS. TERMINAL LIABILITY 670742 ASSET RETIREMENT OBLIGATION 4779344 FARM BENEFICIARY PAYMENT OBLIGATION 1558487 28856422 X 158628751 54382129 -1543046 52839083 105789668 15835219 42308085 58143304 163932972 98222283 0 98222283 15835219 41505391 57340610 155562893 PART III, LINE 4: THE COLLEGE HAS COLLECTIONS OF WORKS OF ART AND RARE BOOKS THAT ARE UTILIZED BY THE STUDENTS IN THEIR STUDIES AND THE FACULTY IN THEIR RESEARCH. PART V, LINE 4: ENDOWMENT FUNDS ARE USED SOLELY TO SUPPORT THE MISSION OF WHITMAN COLLEGE FOR COSTS SUCH AS FINANCIAL AID TO STUDENTS, FACULTY SALARIES AND THE LIBRARY. PART X, LINE 2: WHITMAN COLLEGE IS A QUALIFIED NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND AS SUCH, IS GENERALLY EXEMPT FROM FEDERAL TAXATION OF INCOME. CONTRIBUTIONS TO THE COLLEGE ARE GENERALLY TAX DEDUCTIBLE. THE 21ST CENTURY TRUST IS A SEPARATE QUALIFIED 501(C)(3) TAX ENTITY THAT IS CONSOLIDATED IN THESE FINANCIAL STATEMENTS. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, MANAGEMENT ESTIMATES THAT THE COLLEGE HAS GENERATED UNRELATED BUSINESS INCOME FROM ITS INVESTMENT ACTIVITY OF APPROXIMATELY $633,000 AND $8,000,000, RESPECTIVELY, WHICH IS TAXED AT THE FEDERAL CORPORATE TAX RATE OF 21% AND VARIOUS STATE INCOME TAX RATES. AS A RESULT, MANAGEMENT ESTIMATES THAT THE COLLEGE HAS INCURRED A TAX LIABILITY AT JUNE 30, 2023 AND 2022 TOTALING APPROXIMATELY $133,000 AND $1,700,000, RESPECTIVELY, OF WHICH $20,000 AND $800,000, RESPECTIVELY, NET OF TAX ESTIMATES PAID, HAVE BEEN RECORDED AS TAXES PAYABLE ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. ON DECEMBER 22, 2017, THE TAX CUTS AND JOBS ACT (THE "ACT") WAS ENACTED. THE ACT IMPACTS THE COLLEGE IN THE ADDITION OF A FEDERAL EXCISE TAX OF 1.4% ON ITS NET INVESTMENT INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, DUE TO THE COLLEGE MEETING THE THRESHOLD OF ITS ENDOWMENT VALUE BEING OVER $500,000 PER TUITION-PAYING STUDENT AS OF JUNE 30, 2022 AND 2021, RESPECTIVELY. THE COLLEGE RECORDS AN ESTIMATE FOR RELATED TAX EXPENSE BASED ON CURRENTLY AVAILABLE REGULATORY GUIDANCE OF THE ACT, AND CONTINUES TO EVALUATE THE IMPACT OF THE ACT ON CURRENT AND FUTURE TAX POSITIONS. AN ESTIMATE OF THE COLLEGE'S TAX LIABILITY FOR THE FEDERAL EXCISE TAX AT JUNE 30, 2023 AND 2022 TOTALING APPROXIMATELY $30,000 AND $700,000, RESPECTIVELY, WHICH HAS BEEN RECORDED AS TAXES PAYABLE ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS -1,517,353. LOSS ON UNCOLLECTIBLE PLEDGES -25,693. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAINS GENERATED FROM ALTERNATIVE INVESTMENTS 802,694. INSTITUTIONAL AID 41,505,391. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 41,505,391. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE MAKES ITS POLICY OF NON-DISCRIMINATION KNOWN THROUGH THE COLLEGE WEBSITE, THE ANNUAL CATALOG, AND OTHER MATERIALS. ADDITIONALLY, THE COLLEGE PLACES AN ADVERTISEMENT WHICH DESCRIBES ITS POLICY IN A REGIONAL NEWSPAPER EACH YEAR. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FUNDS FROM THE DEPARTMENT OF EDUCATION TO BE GIVEN TO WHITMAN STUDENTS IN THE FORMS OF GRANTS AND LOANS. THE COLLEGE ALSO RECEIVES FUNDS FROM OTHER FEDERAL AGENCIES IN THE FORM OF GRANTS FOR RESEARCH EQUIPMENT, STUDY, OR OTHER EFFORTS AS STIPULATED IN EACH INDIVIDUAL GRANT. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CONFERENCES & RESEARCH 1593 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES FOREIGN TRAVEL 7469 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONFERENCES & RESEARCH 27016 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FOREIGN TRAVEL 40418 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES CONFERENCES & RESEARCH 67758 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES FOREIGN TRAVEL 14577 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES FOREIGN TRAVEL 23374 NORTH AMERICA (CANADA AND MEXICO) 0 0 PROGRAM SERVICES CONFERENCES & RESEARCH 32236 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES CONFERENCES & RESEARCH 557 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES FOREIGN TRAVEL 9171 SOUTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES & RESEARCH 2085 SOUTH AMERICA 0 0 PROGRAM SERVICES FOREIGN TRAVEL 8727 SOUTH ASIA 0 0 PROGRAM SERVICES CONFERENCES & RESEARCH 7148 SOUTH ASIA 0 0 PROGRAM SERVICES FOREIGN TRAVEL 12639 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CONFERENCES & RESEARCH 6774 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES FOREIGN TRAVEL 45280 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 55850 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 653865 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 1612319 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 49113 SOUTH AMERICA 0 0 GRANTMAKING 354195 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 18000 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 295333177 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENTS 48000 0 0 0 0 0 0 214441 298216900 298431341 STUDENT FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN 2 55850 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID EAST ASIA AND THE PACIFIC 21 653865 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID MIDDLE EAST AND NORTH AFRICA 1 49113 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID SOUTH AMERICA 12 354195 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 2 18000 WIRE TRANSFER OR CHECK STUDENT FINANCIAL AID EUROPE 57 1612319 WIRE TRANSFER OR CHECK 1 0 1 1 1 1 PART I, LINE 2: THE GRANTMAKING ACTIVITIES SHOWN IN PARTS I AND III INVOLVE COLLEGE FINANCIAL AID FUNDS DELIVERED TO ENROLLED STUDENTS' INDIVIDUAL ACCOUNTS. THE AID IS TO HELP DEFRAY THE COST OF CERTAIN STUDY PROGRAMS TAKING PLACE IN FOREIGN COUNTRIES. ALL SUCH PROGRAMS ARE CLOSELY VETTED BY THE COLLEGE TO ENSURE THE RECIPIENTS ARE OF HIGH ACADEMIC QUALITY AND FINANCIALLY STABLE. ANY AID DELIVERED TO SUCH STUDENTS IS GOVERNED BY THE PROCESSES OUTLINED IN SCHEDULE E. PART I, LINE 3: THE AMOUNT ON PART I, LINE 3, COLUMN (F) FOR GRANTMAKING AND PROGRAM SERVICE EXPENSES REPRESENTS ACTUAL EXPENDITURES IN THE REGION FOR A TAXPAYER ON THE ACCRUAL BASIS OF ACCOUNTING. THE AMOUNT ON PART I, LINE 3, COLUMN (F) FOR INVESTMENTS ARE BASED UPON THE FAIR MARKET VALUE OF EACH FUND. PART III ACCOUNTING METHOD: THE AMOUNT ON PART III, COLUMN (D) REPRESENTS ACTUAL EXPENDITURES IN THE REGION FOR A TAXPAYER ON THE ACCRUAL BASIS OF ACCOUNTING. INVESTMENTS IN COLUMN (D) AND COLUMN (F) ARE BASED UPON THE FAIR MARKET VALUE OF EACH FUND. 1 INSTITUTIONAL FINANCIAL AID 1344 38762048 PART I, LINE 2: THE COLLEGE AWARDS SCHOLARSHIPS USING ESTABLISHED POLICIES ON THE BASIS OF BOTH NEED AND SCHOLARSHIP MERIT. AWARDS TO STUDENTS WITH NEED ARE BASED ON THE STUDENTS' FINANCIAL INFORMATION CONTAINED IN THE FINANCIAL AID PROFILE FILED WITH THE COLLEGE SCHOLARSHIP SERVICES AND THE FREE APPLICATION FOR FINANCIAL AID FILED WITH THE FEDERAL PROCESSOR. ALL AID IS OBJECTIVELY DETERMINED AND AWARDED ON AN EQUAL BASIS TO RECIPIENTS WITH SIMILAR ATTRIBUTES. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 SARAH R BOLTON PRESIDENT (FROM 7/22) 291324 0 0 0 14620 0 25500 0 18028 0 349472 0 0 0 PETER W HARVEY CHIEF FINANCIAL OFFICER (THRU 5/23) 258285 0 0 0 15480 0 27269 0 37092 0 338126 0 0 0 ALZADA TIPTON PROVOST AND DEAN OF FACULTY 237803 0 0 0 0 0 24583 0 51768 0 314154 0 0 0 KATHLEEN MURRAY PRESIDENT (THRU 6/22) 285196 0 0 0 0 0 0 0 20030 0 305226 0 0 0 STEVEN J SETCHELL VP DEVELOPMENT AND ALUMNI RELATIONS 245576 0 0 0 20500 0 26455 0 8652 0 301183 0 0 0 KAZIPUTALIMBA JOSHUA VP STUDENT AFFAIRS AND DEAN OF STUDE 172257 0 0 0 13750 0 19627 0 65951 0 271585 0 0 0 JOHN JOHNSON VP DIVERSITY AND INCLUSION 178392 0 0 0 6000 0 18519 0 8652 0 211563 0 0 0 DAN TERRIO CHIEF INFORMATION OFFICER 174371 0 0 0 0 0 18006 0 16896 0 209273 0 0 0 PATRICK SPENCER FACULTY 172959 0 0 0 0 0 17141 0 10120 0 200220 0 0 0 SCOTT KLEINHEKSEL ASSOCIATE VP FOR DEVELOPMENT 166178 0 0 0 0 0 16700 0 8652 0 191530 0 0 0 PATRICK KEEF FACULTY 169572 0 0 0 0 0 12223 0 8652 0 190447 0 0 0 PHILIP BRICK FACULTY 150908 0 0 0 0 0 14480 0 9652 0 175040 0 0 0 KIMBERLY CHANDLER DIRECTOR OF ATHLETICS, DEPT CHAIR & 153424 0 0 0 0 0 15250 0 0 0 168674 0 0 0 PART I, LINE 1A THE COLLEGE PRESIDENT AND VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS WERE PROVIDED MEMBERSHIPS IN SOCIAL CLUBS BY THE COLLEGE. THE AMOUNTS PAID FOR DUES WERE INCLUDED IN THEIR W-2 AS TAXABLE COMPENSATION. THE COLLEGE PRESIDENT IS REQUIRED, AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE, TO MAINTAIN THEIR PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE COLLEGE. THIS HOUSE IS LOCATED ON THE EDGE OF THE CAMPUS. THE PRESIDENT'S PERSONAL RESIDENCE (OWNED BY THE COLLEGE) IS PROVIDED CLEANING SERVICES, YARD CARE, AND GARBAGE SERVICES BY THE COLLEGE. THE AMOUNTS PAID FOR BY THE COLLEGE AND ALLOCATED TO PERSONAL BENEFIT WERE INCLUDED IN THE PRESIDENT'S W-2 AS TAXABLE COMPENSATION. A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781U57 2017-01-05 18303824 FACILITIES CONSTRUCTION 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 9397815K2 2021-11-30 26143436 REFUND BOND ISSUE FROM 6/10/08 0 0 0 A 1650000 18303824 376053 325296 17602475 2019 0 0 1 1 B 885000 26143436 21328565 323871 4491000 2010 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/10/2022 SCHEDULE K, PART II, PROCEEDS, LINE 10A: FOR THE FISCAL YEAR 6/30/23, PART II, LINE 10, COLUMN A WAS REDUCED BY THE CAPITALIZED INTEREST THAT IS ALREADY REPORTED ON LINE 5. CARA SETCHELL SPOUSE OF STEVE SETCHELL, THE VP FOR DEVELOPMENT AND ALUMNI RELATIONS 85537 EMPLOYMENT 0 WILLIAM G HARMAN SPOUSE OF ALZADA TIPTON, PROVOST AND DEAN OF FACULTY 14000 EMPLOYMENT 0 X 1 144100 MARKET VALUE X 4970 MARKET VALUE X 33 1076123 MARKET VALUE X 1 1610000 MARKET VALUE X AIRLINE VOUCHERS 1 11250 MARKET VALUE 2 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC DRAFT COPY IS PROVIDED TO THE AUDIT COMMITTEE VIA WHITMAN'S BOARD MANAGEMENT SOFTWARE CALLED ONBOARD PRIOR TO THE MEETING. THE COMMITTEE DISCUSSES AND PROVIDES INPUT TO MANAGEMENT. THE COMMITTEE NEXT ACCEPTS THE FORM 990 AND IT IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW. AFTER THE TRUSTEES HAVE PROVIDED THEIR INPUT AND ALL QUESTIONS ARE RESOLVED, THE FORM 990 IS THEN FILED WITH THE IRS AND POSTED ON THE COLLEGE'S WEBSITE TO BE AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE GIVEN A QUESTIONNAIRE ANNUALLY. THE QUESTIONNAIRE INCLUDES THE COLLEGE'S CONFLICT OF INTEREST POLICY AND ASKS EACH INDIVIDUAL ABOUT THE EXISTENCE OF CONFLICTS OF INTEREST, AS WELL AS OTHER PAYMENTS OR SITUATIONS WHICH COULD BE CONSTRUED TO PRESENT A CONFLICT. IF AN INDIVIDUAL ANSWERS ANY QUESTION IN THE AFFIRMATIVE, THEY ARE ASKED TO DESCRIBE THE SITUATION IN THEIR RESPONSE. IF THERE ARE ANY CONCERNS RELATIVE TO ANY ONE INDIVIDUAL'S RESPONSE, MANAGEMENT FOLLOWS UP TO DISCUSS HOW BEST TO DEAL WITH ANY IDENTIFIED POTENTIAL CONFLICTS. MANAGEMENT VERIFIES ALL IDENTIFIED INDIVIDUALS HAVE RESPONDED. ALL THE RESPONSES ARE RETAINED IN ACCORDANCE WITH THE COLLEGE'S FILE RETENTION POLICY. TRUSTEES ARE REMINDED OF POTENTIAL CONFLICTS AT EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE TRUSTEES DELEGATED AUTHORITY FOR SETTING THE PRESIDENT'S COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD. COMPARABLE DATA FROM PEER INSTITUTIONS WAS USED IN THE DISCUSSION TO SET THE PRESIDENT'S COMPENSATION. THOSE DISCUSSIONS ARE SUMMARIZED IN A MEMO FROM THE CHAIR OF THE BOARD TO THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION. COMPARABLE DATA FROM PEER INSTITUTIONS FOR EACH POSITION WAS USED TO SET THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE TRUSTEES APPROVED THE COMPENSATION PACKAGES OF THE COLLEGE'S OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE PROVIDES ACCESS TO ITS FINANCIAL STATEMENTS VIA ITS WEBSITE. THE COLLEGE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER SERVICES: PROGRAM SERVICE EXPENSES 15,763,222. MANAGEMENT AND GENERAL EXPENSES 268,066. FUNDRAISING EXPENSES 558,864. TOTAL EXPENSES 16,590,152. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS -1,517,353. UBI GAIN FROM PARTNERSHIPS -802,694. LOSS ON UNCOLLECTIBLE PLEDGES -25,693. WHITMAN COLLEGE 21ST CENTURY TRUST 345 BOYER AVENUE WALLA WALLA WA 99362 916526001 PROVIDE SUPPORT FOR WHITMAN COLLEGE WA 501(C)(3) LINE 12A, I BOARD OF TRUSTEES OF WHITMAN COLLEGE 1 CHARITABLE LEAD ANNUITY TRUST (1) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 CHARITABLE REMAINDER TRUSTS (30) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 POOLED INCOME FUNDS (2) 345 BOYER AVENUE WALLA WALLA WA 99362 HOLDINGS WA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0