2024-04-15T12:38:36-05:00 2023-05-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-06-01 410693962 MACALESTER COLLEGE MACA 6516966000 1600 GRAND AVENUE ST PAUL MN 55105 PATRICIA LANGER VP OF ADMIN AND FINANCE 6516966000 2024-03-15 1 PATRICIA LANGER 999009999 0 SARAH HINTZ P00492291 3037795710 2024-04-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUZANNE M RIVERA 1600 GRAND AVENUE ST PAUL MN 55105 416465287 0 X WWW.MACALESTER.EDU X 1874 MN MACALESTER IS A FOUR-YEAR HIGHLY-SELECTIVE LIBERAL ARTS COLLEGE. 30 29 2834 1800 1032493 0 22699162 19465430 147737334 147772597 71829364 16721996 1788219 2473717 244054079 186433740 73565546 72407885 0 0 80752271 81714036 0 0 5766874 51036018 53356479 205353835 207478400 38700244 -21044660 1170331985 1136616418 107982552 104649234 1062349433 1031967184 X MACALESTER IS COMMITTED TO BEING A PREEMINENT LIBERAL ARTS COLLEGE WITH AN EDUCATIONAL PROGRAM KNOWN FOR ITS HIGH STANDARDS FOR SCHOLARSHIP AND ITS SPECIAL EMPHASIS ON INTERNATIONALISM, MULTICULTURALISM, AND SERVICE TO SOCIETY. 0 0 140000949 71845117 116754211 INSTRUCTION OF STUDENTS AND ACADEMIC SUPPORT OF INSTRUCTION: STUDENTS FROM ACROSS THE UNITED STATES AND 102 COUNTRIES EXPERIENCE AN ACADEMIC PROGRAM THAT PREPARES THEM FOR WORLD CITIZENSHIP. THE STUDENT FACULTY RATIO IS 10:1, WITH AN AVERAGE CLASS SIZE OF 17. STUDENTS CAN CHOOSE FROM 41 MAJORS AND 42 MINORS. MACALESTER IS COMMITTED TO ADMITTING AN ECONOMICALLY DIVERSE STUDENT BODY AND MEETS THE FULL FINANCIAL NEED OF EVERY STUDENT. ENROLLMENT FOR FALL 2022 WAS 2,175, AND 511 STUDENTS GRADUATED DURING THE 2022-23 FISCAL YEAR. 25862648 0 21568068 STUDENT SERVICES: THE CO-CURRICULAR STUDENT EXPERIENCE IS CRITICAL TO EVERY STUDENT. TO SUPPORT A VIBRANT STUDENT EXPERIENCE, MACALESTER PROVIDES A RANGE OF STUDENT SERVICES AND SUPPORT. WITH MORE THAN 100 STUDENT-RUN CLUBS AND ORGANIZATIONS, MACALESTER STUDENTS HAVE SIGNIFICANT LEADERSHIP OPPORTUNITIES. THE CAREER EXPLORATION DEPARTMENT HELPS STUDENTS GAIN VALUABLE WORK EXPERIENCE AND PLAN THEIR CAREERS AFTER GRADUATION. THE LEONARD CENTER ATHLETIC AND WELLNESS COMPLEX HOUSES TRAINING AND COMPETITION AREAS AND PROVIDES FITNESS AND WELLNESS PROGRAMS. MACALESTER COMPETES IN NCAA DIVISION III AND SUPPORTS 21 MEN'S AND WOMEN'S SPORTS TEAMS. 10501524 0 8757711 RESIDENCE AND DINING HALLS: MACALESTER IS A RESIDENTIAL CAMPUS, LOCATED ON 53 ACRES IN THE CENTER OF A MAJOR METROPOLITAN AREA. TWO-THIRDS OF STUDENTS LIVE ON CAMPUS. MACALESTER HAS 10 RESIDENCE HALLS, 8 LANGUAGE HOUSES, AND 8 THEME RESIDENCES (ECOHOUSE, CULTURAL HOUSE, ALL GENDER COMMUNITY, INTERFAITH HOUSE, VEGGIE CO-OP, STUDY ABROAD HOUSE, SUBSTANCE-FREE AFFIRMING COMMUNITY, AND DIETARY AFFIRMING INTENTIONAL COMMUNITY). THE DINING HALL IS LOCATED IN THE CAMPUS CENTER TO FOSTER A VIBRANT LIVING-LEARNING COMMUNITY. LOCALLY-SOURCED ORGANIC FOODS ARE MAXIMIZED IN DINING OPERATIONS. FOOD SCRAPS ARE SENT TO A LOCAL FARM. SUSTAINABILITY IS AN IMPORTANT PRIORITY; IN RESIDENCE HALLS AND DINING HALLS, STUDENTS ARE ENCOURAGED TO REDUCE ENERGY USE. 2555695 562768 2034691 OTHER SERVICES - RESEARCH, PUBLIC SERVICES, POST OFFICE, ETC. 2555695 562768 2034691 178920816 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 3203 0 1 2834 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN CA X PATRICIA LANGER 6516966000 1600 GRAND AVENUE ST PAUL MN 55105 SUZANNE RIVERA PRESIDENT 40.00 X X 550853 0 130988 GARY MARTIN CHIEF INVESTMENT OFFICER 40.00 X 378393 0 52701 DAVID A BROWN VP ADVANCEMENT (END 2/27/23) 40.00 X 274274 0 52676 LISA ANDERSON-LEVY EXECUTIVE VP & PROVOST 40.00 X 247076 0 25057 PATRICIA LANGER VP OF ADMIN & FINANCE 40.00 X 241042 0 35337 DERRICK GRIFFIN DIR OF ALT INVESTMENTS 40.00 X 228231 0 53248 JEFF ALLEN VP FOR ADMISS. & FIN. AID 40.00 X 213563 0 39692 KARINE MOE PROFESSOR 40.00 X 197263 0 47645 JENNIFER HAAS VP FOR IT SERVICES & CIO 40.00 X 194110 0 49739 PAUL OVERVOORDE VICE PROVOST & ASSOC DEAN OF THE FACULTY 40.00 X 186614 0 42872 THOMAS HALVERSON DEAN OF THE FACULTY 40.00 X 182265 0 46645 ALINA WONG VP FOR INST. EQUITY 40.00 X 193903 0 22904 CARLEY STUBER AVP OF DEVELOPMENT 40.00 X 175790 0 49826 THOMAS VARBERG PROFESSOR 40.00 X 159042 0 40665 KATHRYN KAY COQUEMONT VP STUDENT AFFAIRS & DEAN OF STUDENTS 40.00 X 169091 0 70081 JAMES LAINE PROFESSOR 40.00 X 159163 0 46449 CARRIE NORBIN KILLORAN CHAIR 1.00 X X 0 0 0 REBECCA VAN DYCK VICE CHAIR 1.00 X X 0 0 0 ROBIN JACKSON COLMAN VICE CHAIR 1.00 X X 0 0 0 D CHRISTIAN KOCH TREASURER 1.00 X X 0 0 0 SANDRA ORTIZ SECRETARY 1.00 X X 0 0 0 ALICE MORTENSON TRUSTEE 1.00 X 0 0 0 AMY PAHL TRUSTEE 1.00 X 0 0 0 ANNETTE MORTINSON WHALEY TRUSTEE 1.00 X 0 0 0 AUKSE JURKUTE TRUSTEE 1.00 X 0 0 0 BRODERICK GRUBB TRUSTEE 1.00 X 0 0 0 EDWARD DEUTSCHLANDER TRUSTEE 1.00 X 0 0 0 EDWARD DONKOR TRUSTEE 1.00 X 0 0 0 GLORIA PEREZ TRUSTEE 1.00 X 0 0 0 GREG THOMPSON TRUSTEE 1.00 X 0 0 0 JENNIFER BRAHM TRUSTEE 1.00 X 0 0 0 JERRY CRAWFORD TRUSTEE 1.00 X 0 0 0 KAREN BRASEL TRUSTEE 1.00 X 0 0 0 KOFI AMOO-GOTTFRIED TRUSTEE 1.00 X 0 0 0 MARK LEONARD TRUSTEE 1.00 X 0 0 0 MICHAEL DAVIS TRUSTEE 1.00 X 0 0 0 MIHIR DESAI TRUSTEE 1.00 X 0 0 0 PATRICIA HUME TRUSTEE 1.00 X 0 0 0 PAUL OLSON TRUSTEE 1.00 X 0 0 0 PAUL STRAND TRUSTEE 1.00 X 0 0 0 SARA PETERSON TRUSTEE 1.00 X 0 0 0 SETH LEVINE TRUSTEE 1.00 X 0 0 0 SONNY LULLA TRUSTEE 1.00 X 0 0 0 THEODORE CLEMENT TRUSTEE 1.00 X 0 0 0 TIMOTHY HART-ANDERSEN TRUSTEE 1.00 X 0 0 0 3750673 0 806525 147 0 1 0 BON APPETIT MANAGEMENT COMPANY 201 REDWOOD SHORES PARKWAY REDWOOD SHORES CA 94065 FOOD SERVICE 5614992 DIS - DANISH INSTITUTE FOR STUDY ABROAD DEPT CH 19918 PALATINE IL 600550001 STUDY ABROAD PROGRAMS 849950 IES 33 W MONROE ST STE 2300 CHICAGO IL 60603 STUDY ABROAD PROGRAMS 794698 BERWALD ROOFING COMPANY INC 2440 CHARLES ST N NORTH ST PAUL MN 551093013 CONSTRUCTION 789531 SILCHESTER INTERNATIONAL INVESTORS INC 780 3RD AV NEW YORK NY 10017 INVESTMENT FEES 607919 53 2912872 16552558 290686 19465430 TUITION & FEES 611710 129979012 129979012 SALES & SERVICE OF AUX 611710 17793585 17793585 147772597 13560690 1032493 12528197 1801761 766751 1035010 1035010 1035010 232426102 229264796 3161306 3161306 3161306 MISCELLANEOUS REVENUE 900099 1438707 1342084 96623 1438707 186433740 149114681 1032493 16821136 562768 562768 71845117 71845117 3441052 1465732 1459710 515610 59526409 48134509 8109822 3282078 4159131 3290888 678267 189976 10915038 8644863 1919631 350544 3672406 2889549 615350 167507 1010657 539327 471330 109001 109001 819470 819470 9776103 7295560 2083820 396723 128244 87767 32314 8163 5802321 4051988 1247068 503265 2949090 251815 2635315 61960 4821279 4431104 383601 6574 3045924 2547680 273541 224703 330348 179475 127317 23556 2713993 2697540 16453 10239079 9380926 858153 102249 100387 1862 STUDY ABROAD 5134193 5132431 1762 BOOKS, PERIODICALS, ART 1543732 1514571 19010 10151 MINOR EQUIPMENT 1438606 834599 590592 13415 3392190 3142607 238796 10787 207478400 178920816 22790710 5766874 15905858 16720442 2484301 3490447 1108607 3279106 986423 1364652 388489082 179316995 214179948 209172087 363624495 314909424 524852661 542604314 7974729 7974323 39214963 37101623 1170331985 1136616418 12938220 13777130 1821045 1183377 1297913 1662630 77864406 74865456 728017 820472 13332951 12340169 107982552 104649234 X 219601799 218332769 842747634 813634415 1062349433 1031967184 1170331985 1136616418 X -21044660 -7997073 -1340516 X X 0 1 X 1 1 1 X 16816080 16715092 15180951 22699162 19465430 90876715 16816080 16715092 15180951 22699162 19465430 90876715 5574114 85302601 22721056 20322330 16389802 4732794 14329958 78495940 1298146 1174880 538982 1336218 1438707 5786933 175159588 595914323 0.48700 0.46880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 1,298,146. 2019 AMOUNT: $ 1,174,880. 2020 AMOUNT: $ 538,982. 2021 AMOUNT: $ 1,336,218. 2022 AMOUNT: $ 1,438,707. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 109939 0 109939 0 201597542 0 201707481 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 103111 104369 102749 109939 420168 250000 250000 250000 250000 1000000 1500000 PART I-A, LINE 1 MACALESTER COLLEGE IS A MEMBER OF THE MINNESOTA PRIVATE COLLEGE COUNCIL (MPCC), AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MPCC IS AN ASSOCIATION OF PRIVATE NONPROFIT INSTITUTIONS OF HIGHER EDUCATION THAT SERVES A VARIETY OF ITS MEMBERS' SHARED NEEDS, INCLUDING, BUT NOT ONLY NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTERESTS OF PRIVATE HIGHER EDUCATION. MACALESTER PAID MEMBERSHIP DUES TO MPCC IN THE AMOUNT OF $134,453 DURING THE FISCAL YEAR. BASED ON FIGURES PROVIDED BY MPCC, $109,939 OF MACALESTER'S DUES WENT, IN PART, TOWARD LOBBYING. 0 1 X 833933066 5849898 5827665 28192080 11509875 2626558 803282116 835859602 8476734 30207174 27823942 9908117 2878385 833933066 662808250 9707515 203205017 27625121 9521937 2714122 835859602 720259371 7729845 -25769036 27090716 9455831 2865383 662808250 739830889 2641257 16742924 26947226 9079530 2928943 720259371 0.09124 0.38915 0.51961 0 0 4362100 4362100 347848728 163603934 184244794 17590730 15713061 1877669 18687524 18687524 209172087 LP INTEREST IN DOM EQ 123930227 F LP INTEREST IN PRIVATE EQ 179533376 F LP INT IN HEDGE FUNDS 99977494 F LP INT IN NAT. RES. 65909212 F LIQUID ALT. INV. 22570112 F LP INT IN REAL EST. 50683893 F 542604314 LIAB UNDER PLANNED GIVING AGMTS 6811859 UNAMORTIZED BOND PREMIUM 5528310 12340169 X 103391348 -7997073 -73798956 -81796029 185187377 1246363 1246363 186433740 133773597 766751 766751 133006846 1246363 73225191 74471554 207478400 PART IV, LINE 2B: MACALESTER COLLEGE HELD FUNDS FOR STUDENT ORGANIZATIONS. PART V, LINE 4: MACALESTER COLLEGE USES THE EARNINGS FROM ITS ENDOWMENT FUNDS FOR SCHOLARSHIPS, PRIZES, AWARDS, LIBRARY SUPPORT, PROGRAM SUPPORT, FACULTY SUPPORT, AND RESEARCH IN ACCORDANCE WITH DONOR RESTRICTIONS WHERE APPLICABLE. PART X, LINE 2: THE COLLEGE'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON TECHNICAL MERITS. THE COLLEGE HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSES OR BENEFIT. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -498,463. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -2,757,191. CHANGE IN VALUE OF INTEREST RATE SWAP 535,064. RENTAL EXPENSE 766,751. SCHOLARSHIPS -71,845,117. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 766,751. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 71,845,117. INVESTMENT OFFICE EXPENSES 1,380,074. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MACALESTER COLLEGE PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE, IN ITS COLLEGE CATALOG, AND ON ITS APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 MACALESTER COLLEGE RECIEVES TITLE IV FUNDING FROM THE UNITED STATES DEPARTMENT OF EDUCATION (I.E. PELL, SEOG, FEDERAL WORK STUDY, AND DIRECT LOAN PROGRAM). CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 117808188 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 15940959 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES ARCHAEOLOGICAL WORK 51258 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 48587 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 7553 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 18128 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 4532 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 47565 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 697782 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 2898796 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 180317 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 33450 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 853717 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 84678 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 339777 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES GRANT WORK 12000 0 0 0 0 0 0 133926770 5100517 139027287 1 0 1 1 1 0 PART I, LINE 3: EXPENDITURES ARE RECORDED AS EXPENSES IN THE COLLEGE'S GENERAL LEDGER WHEN THE EXPENSES ARE INCURRED, OTHERWISE KNOWN AS THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: 1 MACALESTER GROVELAND COMMUNITY COUNCIL 320 GRIGGS ST ST PAUL MN 55105 411414691 501(C)(3) 35500 0 N/A N/A SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD UNION PARK DISTRICT COUNCIL 161 SNELLING AVE N ST PAUL MN 55104 411434829 501(C)(3) 10000 0 N/A N/A SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD SOUTHERN ILLINOIS UNIVERSITY 900 SOUTH NORMAL AVENUE CARBONDALE IL 62901 376005961 STATE OF ILLINOIS 71850 0 N/A N/A RESEARCH SUBGRANT UNIVERSITY OF WISCONSIN-RIVER FALLS 410 S 3RD STREET RIVER FALLS WI 54022 391805963 STATE OF WISCONSIN 44306 0 N/A N/A RESEARCH SUBGRANT MACRO CONSORTIUM 1600 GRAND AVE ST PAUL MN 55105 N/A 38916 0 N/A N/A MAINTAIN AND PROVIDE ACCESS TO ROBOTIC TELESCOPE FOR EDUCATION AND RESEARCH HONOR THE EARTH PO BOX 63 CALLAWAY MN 56521 454714238 501(C)(3) 114810 0 N/A N/A RESEARCH SUBGRANT AUGSBURG UNIVERSITY 2211 RIVERSIDE AVENUE MINNEAPOLIS MN 55454 410694721 501(C)(3) 37650 0 N/A N/A RESEARCH SUBGRANT THE WASHINGTON UNIVERSITY 660 SOUTH EUCLID AVENUE ST LOUIS MO 63110 430653611 501(C)(3) 95056 0 N/A N/A RESEARCH SUBGRANT TULANE UNIVERSITY 6823 ST CHARLES AVENUE NEW ORLEANS LA 70118 720423889 501(C)(3) 114680 0 N/A N/A RESEARCH SUBGRANT 8 1 SCHOLARSHIP AND GRANTS TO STUDENTS 1890 71845117 N/A N/A PART I, LINE 2: WHEN DETERMINING THE AMOUNT OF FINANCIAL AID A STUDENT WILL RECEIVE, THE FINANCIAL AID OFFICE FIRST CALCULATES HOW MUCH THE STUDENT'S FAMILY CAN REASONABLY AFFORD. THIS CALCULATION RELIES ON TWO PRIMARY SOURCES OF INFORMATION: 1) A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA); AND 2) A FINANCIAL AID PROFILE; BOTH OF WHICH ARE COMPLETED BY THE FAMILY. THE FINANCIAL AID OFFICE AWARDS A FINANCIAL AID PACKAGE THAT FILLS THE GAP BETWEEN THE CALCULATED AMOUNT THE STUDENT'S FAMILY CAN REASONABLY AFFORD AND THE COST OF ATTENDING MACALESTER COLLEGE. SCHEDULE I, PART I, LINE 2: THE COLLEGE AWARDS SMALL GRANTS TO NEIGHBORHOOD ORGANIZATIONS WORKING TO MAKE OUR NEIGHBORHOOD A VIBRANT PLACE TO LIVE, AND TO LOCAL NEIGHBORHOOD COUNCILS COMMITTED TO AREA LIVABILITY ISSUES. GRANT RECIPIENTS ARE REQUIRED TO SUBMIT A REPORT DESCRIBING USE OF GRANT FUNDS AT LEAST ANNUALLY OR AT THE CLOSE OF A SPECIFIC PROJECT. THE COLLEGE ALSO MAKES SUBAWARDS FROM GRANT FUNDS TO ORGANIZATIONS THAT AID IN THE RESEARCH BEING CONDUCTED. SUBRECIPIENTS MUST SUBMIT DETAILED REPORTS OF EXPENDITURES BEFORE MACALESTER WILL REIMBURSE THEM. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 SUZANNE RIVERA PRESIDENT 530176 0 0 0 20677 0 30500 0 100488 0 681841 0 0 0 GARY MARTIN CHIEF INVESTMENT OFFICER 375753 0 0 0 2640 0 30500 0 22201 0 431094 0 0 0 DAVID A BROWN VP ADVANCEMENT (END 2/27/23) 272385 0 0 0 1889 0 27833 0 24843 0 326950 0 0 0 LISA ANDERSON-LEVY EXECUTIVE VP & PROVOST 246077 0 0 0 999 0 24348 0 709 0 272133 0 0 0 PATRICIA LANGER VP OF ADMIN & FINANCE 240363 0 0 0 679 0 24147 0 11190 0 276379 0 0 0 DERRICK GRIFFIN DIR OF ALT INVESTMENTS 228004 0 0 0 227 0 23854 0 29394 0 281479 0 0 0 JEFF ALLEN VP FOR ADMISS. & FIN. AID 213063 0 0 0 500 0 21625 0 18067 0 253255 0 0 0 KARINE MOE PROFESSOR 196327 0 0 0 936 0 20461 0 27184 0 244908 0 0 0 JENNIFER HAAS VP FOR IT SERVICES & CIO 193392 0 0 0 718 0 20119 0 29620 0 243849 0 0 0 PAUL OVERVOORDE VICE PROVOST & ASSOC DEAN OF THE FAC 186263 0 0 0 351 0 17704 0 25168 0 229486 0 0 0 THOMAS HALVERSON DEAN OF THE FACULTY 181344 0 0 0 921 0 18888 0 27757 0 228910 0 0 0 ALINA WONG VP FOR INST. EQUITY 180985 0 0 0 12918 0 15127 0 7777 0 216807 0 0 0 CARLEY STUBER AVP OF DEVELOPMENT 175116 0 0 0 674 0 18478 0 31348 0 225616 0 0 0 THOMAS VARBERG PROFESSOR 158229 0 0 0 813 0 14862 0 25803 0 199707 0 0 0 KATHRYN KAY COQUEMONT VP STUDENT AFFAIRS & DEAN OF STUDENT 156651 0 0 0 12440 0 12484 0 57597 0 239172 0 0 0 JAMES LAINE PROFESSOR 156312 0 0 0 2851 0 16468 0 29981 0 205612 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE COLLEGE ONLY PAYS THE TRAVEL EXPENSES OF THE PRESIDENT'S SPOUSE IF THE PURPOSE OF THEIR TRIP IS RELATED TO COLLEGE BUSINESS. THIS ADDITIONAL COMPENSATION IS NOT REPORTED ON THE EMPLOYEE'S W-2. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE COLLEGE'S PRESIDENT IS PROVIDED WITH HOUSING AS A CONDITION OF EMPLOYMENT. THE HOUSE IS USED FOR BOTH BUSINESS AND PERSONAL PURPOSES. HOUSEKEEPING SERVICES ARE ALSO PROVIDED. THIS ADDITIONAL COMPENSATION IS NOT REPORTED ON THE EMPLOYEE'S W-2. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: ELIGIBLE COLLEGE EMPLOYEES RECEIVE AN ANNUAL RETIREMENT PLAN CONTRIBUTION FROM THE COLLEGE EQUAL TO 10% OF ELIGIBLE SALARY, SUBJECT TO IRS ANNUAL LIMITS. BECAUSE THE RETIREMENT CONTRIBUTION FOR THE PRESIDENT HITS THE IRS LIMIT, THE COLLEGE SUPPLEMENTS THE PRESIDENT'S ANNUAL COMPENSATION WITH AN AMOUNT THAT BRINGS THE RETIREMENT PLAN CONTRIBUTION TO THE LEVEL OF OTHER PARTICIPANTS IN THE PLAN. THE COLLEGE OFFSETS THE INCOME TAX BURDEN OF THIS ADDITIONAL COMPENSATION BY GROSSING UP THE WAGES FOR THE YEAR. THIS ADDITIONAL COMPENSATION IS REPORTED ON THE EMPLOYEE'S W-2. A MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 6041518J2 2003-02-20 15300000 DORMITORY IMPROVEMENTS 0 0 0 B MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416HP99 2015-09-11 24876534 CONST/REFINANCE BONDS 0 0 0 C MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416H5R1 2017-11-08 43520305 CONST/REFINANCE BONDS 0 0 0 D MN HIGHER EDUCATION FACILITIES AUTHORITY 410988525 60416JDW7 2021-04-01 12870000 CONST/REFINANCE BONDS 0 0 0 A 15300000 300000 15000000 2004 0 0 1 1 B 10050000 24876534 224105 5000000 2018 1 0 1 1 C 11400000 43520305 189449 22014833 2019 1 0 1 1 D 13518903 14929199 206975 2040000 2023 1 0 0 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 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 1 RBC 0.080000000000 0 0 0 0 1 B 0 0 1 1 0 0 0 0 1 C 0 0 1 1 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2007 ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2020 ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/01/2022 X 37 290686 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS ON SCHEDULE M, PART I, COLUMN B. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD SHALL CONSIST OF THE OFFICERS OF THE CORPORATION, THE CHAIR OF EACH OF THE PERMANENT COMMITTEES OF THE BOARD, AND SUCH OTHER MEMBERS OF THE BOARD OF TRUSTEES AS THE BOARD MAY DETERMINE. A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS, BUT A LESSER NUMBER SHALL HAVE THE POWER TO ADJOURN ANY MEETING TO A SUBSEQUENT DATE. ALL MEMBERS OF THE BOARD OF TRUSTEES SHALL RECEIVE NOTICE OF AND MAY ATTEND ALL EXECUTIVE COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION FOR THE FORM 990 IS COMPILED BY COLLEGE PERSONNEL AND SUBMITTED TO THE COLLEGE ACCOUNTING FIRM, WHO PREPARES A DRAFT OF THE FORM. THIS DRAFT IS REVIEWED BY THE COLLEGE'S VP OF ADMINISTRATION AND FINANCE, ASSOCIATE VP FOR FINANCE, AND DIRECTOR OF ACCOUNTING. ONCE A FINAL DRAFT OF THE FORM IS READY, EACH MEMBER OF THE BOARD OF TRUSTEES IS E-MAILED A COPY FOR REVIEW (WITH SCHEDULE B INFORMATION REDACTED). ALL BOARD MEMBERS ARE INSTRUCTED TO REVIEW THE FORM AND PROVIDE FEEDBACK BY A SPECIFIED DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE SENT A CONFLICT OF INTEREST PACKET THAT INCLUDES A COPY OF THE CONFLICT OF INTEREST POLICY AND A QUESTIONNAIRE. COMPLETED QUESTIONNAIRES ARE RETURNED TO THE VICE PRESIDENT OF ADMINISTRATION AND FINANCE, WHERE THEY ARE REVIEWED FOR INTERESTS THAT COULD GIVE RISE TO CONFLICTS. IF A CONFLICT EXISTS AT ANY TIME DURING THE YEAR, THE AFFECTED BOARD MEMBER(S) MUST ABSTAIN FROM ANY DELIBERATIONS AND VOTING ON THE TOPIC TO WHICH THE CONFLICT APPLIES. THESE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, THE DIRECTOR OF EMPLOYMENT SERVICES COMPILES DATA TO SUPPORT THE WORK OF THE BOARD OF TRUSTEES' SENIOR LEADERSHIP REVIEW COMMITTEE REGARDING THE COMPENSATION OF THE PRESIDENT. THE DATA ARE COMPILED USING RELEVANT INDEPENDENT AND PEER GROUP SALARY SURVEYS AND ARE SHARED WITH ALL MEMBERS OF THE COMMITTEE. THE COMMITTEE IS ALSO MADE AWARE OF THE PLANNED INCREASES FOR ADMINISTRATIVE STAFF AS DETERMINED THROUGH THE ANNUAL BUDGET APPROVAL PROCESS. THE COMMITTEE'S FINAL RECOMMENDATION REGARDING THE PRESIDENT'S COMPENSATION IS APPROVED BY THE FULL BOARD AND COMMUNICATED IN WRITING FOR PROCESSING AND FILING. THE COMMITTEE ALSO RECEIVES INFORMATION REGARDING THE COMPENSATION OF THE COLLEGE'S SENIOR LEADERSHIP POSITIONS ALONG WITH RELEVANT PEER GROUP COMPARATIVE DATA. FINAL DECISIONS REGARDING THE SALARIES OF THOSE INDIVIDUALS ARE THE RESPONSIBILITY OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S FINANCIAL STATEMENTS ARE ACCESSIBLE BY THE PUBLIC VIA THE COLLEGE'S WEBSITE. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PLANNED GIVING AGREEMENTS -498,463. CHANGE IN VALUE OF INTEREST RATE SWAP 535,064. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -2,757,191. INVESTMENT OFFICE EXPENSES 1,380,074. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. HOLL TR A-MACALESTER COLLEGE PO BOX 0634 MILWAUKEE WI 53201 416459793 PERPETUAL TRUST MN 501(C)(3) LINE 12D, III-O MACALESTER COLLEGE 1 CHARITABLE REMAINDER TRUSTS (13) INVESTMENTS MN MACALESTER COLLEGE T 1 CHARITABLE REMAINDER TRUSTS (1) INVESTMENTS MA MACALESTER COLLEGE T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 HOLL TRUST S 1547706 CASH TRANSFERRED