2025-05-09T11:40:16-05:00 2024-06-30 420714325 RSM US LLP 30 SOUTH WACKER DR SUITE 3300 CHICAGO IL 606063392 990 2023-07-01 390808497 BELOIT COLLEGE BELO 6083632250 700 COLLEGE ST BELOIT WI 53511 BETH YOUNG VP, CFO & TREASURER 6083632250 2025-05-06 1 1 REBEKUH ELEY P01247672 3126343400 2025-05-06 2023 2025-03-06 01:10:19Z DR ERIC BOYNTON 700 COLLEGE ST BELOIT WI 53511 98713871 0 X WWW.BELOIT.EDU X 1846 WI BELOIT COLLEGE IS A RESIDENTIAL, INDEPENDENT, NATIONAL LIBERAL ARTS COLLEGE AND WISCONSIN'S OLDEST CONTINUOUS INSTITUTION OF HIGHER LEARNING. THE COLLEGE IS A NATIONAL LEADER IN DELIVERING A RIGOROUS, TIME-TESTED LIBERAL ARTS EXPERIENCE THAT STUDENTS ARE REQUIRED TO APPLY AND TEST IN THEIR CHOSEN FIELDS OF STUDY, LOCAL COMMUNITY, SOCIAL ORGANIZATIONS AND AROUND THE WORLD. THE COLLEGE'S COMMITMENT TO ITS STUDENTS, FACULTY, STAFF, NAMESAKE CITY AND WORLD ARE CALLED OUT IN ITS MISSION STATEMENT, A STUDENT-RATIFIED STATEMENT OF CULTURE, AS WELL AS ITS PUBLIC COMMITMENTS TO INCLUSIVITY AND DIVERSITY, ACCESS, AND THE PUBLIC GOOD. TO LEARN MORE ABOUT BELOIT, VISIT WWW.BELOIT.EDU/OUR-STORY/. 28 28 1032 133 67240 41855 18318260 19199889 56734361 57751709 1787853 3445832 2375824 1997486 79216298 82394916 36036908 36974856 0 0 24775818 24439057 0 0 2010536 24011530 24441184 84824256 85855097 -5607958 -3460181 208467553 209597704 31830457 31227852 176637096 178369852 X SEE SCHEDULE OBELOIT COLLEGE ENGAGES THE INTELLIGENCE, IMAGINATION, AND CURIOSITY OF ITS STUDENTS, EMPOWERING THEM TO LEAD FULFILLING LIVES MARKED BY HIGH ACHIEVEMENT, PERSONAL RESPONSIBILITY, AND PUBLIC CONTRIBUTION IN A DIVERSE SOCIETY. OUR EMPHASIS ON INTERNATIONAL AND INTERDISCIPLINARY PERSPECTIVES, THE INTEGRATION OF KNOWLEDGE WITH EXPERIENCE, AND CLOSE COLLABORATION AMONG PEERS, PROFESSORS, AND STAFF EQUIPS OUR STUDENTS TO APPROACH THE COMPLEX PROBLEMS OF THE WORLD ETHICALLY AND THOUGHTFULLY. 0 0 67541734 36974856 57751709 ACADEMIC AND STUDENT PROGRAM: BELOIT COLLEGE, A LIBERAL ARTS COLLEGE FOUNDED ON THE WISCONSIN FRONTIER IN 1846, WAS BORN OUT OF A BELIEF THAT A PARTICULAR BRAND OF EDUCATION COULD ENERGIZE AND TRANSFORM LIVES, AND BY EXTENSION, THE WORLD. BELOIT CONTINUES TO BELIEVE THIS AND DELIVERS IT THROUGH A UNIQUE, INTEGRATED CURRICULUM THAT ENGAGES STUDENTS IN AN EXPLORATION OF IDEAS, COMPELS STUDENTS TO DEEPLY KNOW THEIR SUBJECTS, AND REQUIRES THEM TO DEMONSTRATE THAT THEY DO BY DEEPLY CONNECTING EDUCATION AND EXPERIENCE TO STUDENTS' FUTURE CAREERS AND LIVES. THAT FOCUS ON PROVIDING A RIGOROUS AND REWARDING EDUCATION AND PREPARATION HAS LONG SET THE COLLEGE AND ITS GRADUATES APART. HAILED AS ONE OF 40 "COLLEGES THAT CHANGE LIVES" BY FORMER NEW YORK TIMES EDUCATION EDITOR LOREN POPE, BELOIT OFFERS STUDENTS ACCESS TO MORE THAN 45 ACADEMIC PROGRAMS, MORE THAN 50 STUDENT CLUBS, 18 VARSITY SPORTS, AND COUNTLESS OTHER OPPORTUNITIES THAT RANGE FROM HANDS-ON FIELD AND INTERNSHIP EXPERIENCES BOTH LOCALLY AND GLOBALLY, TO COLLEGE-FUNDED STUDENT BUSINESS STARTUPS.DURING THE 2023-24 ACADEMIC YEAR, THE COLLEGE SERVED 948 STUDENTS, FROM 39 COUNTRIES, 43 STATES, AND THE DISTRICT OF COLUMBIA. THE COLLEGE OFFERED COURSES IN FALL, SPRING, AND SUMMER SESSIONS AND PROVIDED EDUCATIONAL SERVICES BOTH DOMESTICALLY AND THROUGH STUDY ABROAD PROGRAMS. THE COLLEGE GRADUATED 169 STUDENTS DURING THE YEAR, WHILE PROVIDING FINANCIAL ASSISTANCE TO 98 PERCENT OF DEGREE-SEEKING STUDENTS.ENROLLMENT AND DEVELOPMENT: DURING THE RECRUITMENT CYCLE FOR STUDENTS STARTING IN FALL 2023, THE COLLEGE RECEIVED 3,914 APPLICATIONS FROM FIRST-TIME, DEGREE-SEEKING STUDENTS. THE 216 STUDENTS WHO ENROLLED WILL GRADUATE AS THE CLASS OF 2027. THE COLLEGE CONTINUES TO RECEIVE RECOGNITION FROM EXTERNAL EVALUATORS AND PEERS ACROSS THE COUNTRY FOR THE QUALITY OF ITS UNDERGRADUATE TEACHING, CURRICULAR INNOVATIONS, ENTREPRENEURIAL AND STUDY ABROAD PROGRAMS, AND MORE. THESE REPUTATIONAL MEASURES, WHICH REFLECT THE COLLEGE'S INCREASING VISIBILITY, INCLUDE BEING NAMED THE #5 MOST INNOVATIVE SCHOOL BY U.S. NEWS & WORLD REPORT AND BEING ON THE NAMED LISTS FOR "BEST UNDERGRADUATE TEACHING," "FIRST YEAR EXPERIENCE TO LOOK FOR AND "MOST INTERNATIONAL STUDENTS." U.S. NEWS & WORLD REPORT RANKS BELOIT COLLEGE NATIONALLY AT #80 AMONG LIBERAL ARTS COLLEGES. 67541734 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 175 0 1 1032 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X X BETH YOUNG 6083632250 700 COLLEGE ST BELOIT WI 53511 MR DICK NIEMIEC CHAIR 1.00 X X 0 0 0 MS PHYLLIS WOLFF BANUCCI TRUSTEE (UNTIL 08/01/23) 1.00 X 0 0 0 MR CHRISTOPHER D BARTOL TRUSTEE 1.00 X 0 0 0 MR OSCAR CARDONA JR TRUSTEE (UNTIL 12/31/23) 1.00 X 0 0 0 MR DONALD CARSON TRUSTEE 1.00 X 0 0 0 MR ALEX CATALAN TRUSTEE 1.00 X 0 0 0 MR RAJ FERNANDO TRUSTEE 1.00 X 0 0 0 MR BILL FITZGERALD TRUSTEE 1.00 X 0 0 0 MR PAUL FOSTER TRUSTEE 1.00 X 0 0 0 MS JO FROMAN TRUSTEE 1.00 X 0 0 0 MR ALAN GEORGE TRUSTEE 1.00 X 0 0 0 MS OCEANA R GILLIAM TRUSTEE 1.00 X 0 0 0 MR PHEE BOON KANG TRUSTEE 1.00 X 0 0 0 MR DONALD KENT TRUSTEE 1.00 X 0 0 0 MS TORI J KEY TRUSTEE 1.00 X 0 0 0 MS JOANNA KUTTER TRUSTEE 1.00 X 0 0 0 MR STEPHEN MAHLE TRUSTEE 1.00 X 0 0 0 MS CECILY MAJERUS TRUSTEE 1.00 X 0 0 0 MR TIM MCKEVETT TRUSTEE 1.00 X 0 0 0 MR ZACH MESSITTE TRUSTEE 1.00 X 0 0 0 MS JUDITH A MILLER TRUSTEE 1.00 X 0 0 0 MR THOMAS O'NEILL TRUSTEE (UNTIL 10/31/23) 1.00 X 0 0 0 MS SUDHA PAVULURI QUAMME MD TRUSTEE 1.00 X 0 0 0 MS MARGARET ROBINSON TRUSTEE 1.00 X 0 0 0 MS ANGELA RUSSELL TRUSTEE 1.00 X 0 0 0 MR ROY SCHNEIDERMAN TRUSTEE 1.00 X 0 0 0 MR ROBERT SHAW TRUSTEE 1.00 X 0 0 0 MR THOMAS WALCOTT TRUSTEE 1.00 X 0 0 0 MS NINA WEISSBERG TRUSTEE 1.00 X 0 0 0 MR DON WYATT TRUSTEE 1.00 X 0 0 0 MR ROBERT YOUNG TRUSTEE 1.00 X 0 0 0 MS LESLIE DAVIDSON VP OF ENROLLMENT (UNTIL 09/29/23) 40.00 X 133124 0 9078 MR ERIC BOYNTON PRESIDENT 40.00 X 275045 0 99140 MS DONNA OLIVER PROVOST AND DEAN OF THE COLLEGE 40.00 X 157283 0 25649 MS ERICA DANIELS SECRETARY & CHIEF OF STAFF (UNTIL 05/31/24) 40.00 X 121459 0 8768 MS ELLENOR ANDERBYRNE SECRETARY/CHIEF OF STAFF 40.00 X 0 0 0 MS KAREN SCHEDIN VP FOR ENROLLMENT 40.00 X 0 0 0 MS STACIE T SCOTT TREASVP FINANCE & PLANNING (UNTIL 3/22/24) 40.00 X 200495 0 21232 MR DANIEL SCHOOFF VP ADVANCEMENT 40.00 X 184426 0 50523 MR CECIL YOUNGBLOOD DEAN OF EQUITY, COMMUNITY & STUDENT 40.00 X 171954 0 29047 MS LORRAINE RHEAD VP OF HR & OPERATIONS (UNTIL 12/31/23) 40.00 X 133028 0 21559 MS YAFFA GROSSMAN REGISTRAR 40.00 X 104790 0 24647 MS MARTHA STOLZE DIRECTOR OF ADMISSIONS 40.00 X 108626 0 43349 MR EDWARD WILDER CHIEF INFORMATION OFFICER 40.00 X 136557 0 43055 MR DAVID DEGEORGE DIRECTOR OF ATHLETICS 40.00 X 100450 0 7213 MS HEATHER MCLEAN ASSOCIATE VP - HUMAN RESOURCES 40.00 X 102500 0 7136 DR H SCOTT BIERMAN FORMER PRESIDENT 0.00 X 388925 0 52473 2318662 0 442869 16 1 1 0 BON APPETIT MANAGEMENT CO PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 3287602 BRABAZON TITLE TEAM GROUP LLC 2225 CRANSTON RD STE 101 BELOIT WI 53511 TITLE SERVICES 1535636 FURMAN BROS LLC 305 SCOT DRIVE CLINTON WI 53525 MAINTENANCE SERVICES 553240 ANGUS-YOUNG ASSOCIATES INC 316 W WASHINGTON AVE 800 MADISON WI 53703 ARCHITECTURAL SERVICES 439900 HC ANDERSON ROOFING CO INC 12388 OLD RIVER RD ROCKTON IL 61072 ROOFING SERVICES 262515 23 9637517 9562372 1985035 19199889 TUITION AND FEES 812900 49764159 49764159 ROOM, BOARD, & OTHER 812900 7987550 7987550 57751709 2082404 20822 2061582 17522039 160344 16253400 65555 1268639 94789 1363428 1363428 1997486 46418 1951068 1997486 82394916 57751709 67240 5376078 30987249 30987249 5987607 5987607 2602465 859693 1542772 200000 15963242 11297460 3616088 1049694 885362 575726 237871 71765 3558553 2542638 822968 192947 1429435 887255 448883 93297 474849 474849 612063 612063 251588 251588 444120 444120 5834443 2785410 2800636 248397 165989 165989 1429064 778119 575856 75089 302197 201040 99459 1698 3247 3247 1496901 5980 1490921 1530979 1394502 87828 48649 234193 192555 38464 3174 1216102 867815 348287 3873413 3058788 814625 654575 625 653950 FOOD SERVICE 3034243 2946755 61834 25654 REPAIRS & MAINTENANCE 1079812 238310 841330 172 COLLECTIONS 435083 435083 UBIT TAX 38435 38435 1329888 1329888 85855097 67541734 16302827 2010536 192946 93608 6781900 7129035 2983399 1467687 7669827 6563693 17867021 17933570 5719 7949 713656 769192 161921529 95387024 59729585 66534505 82591119 80346677 13638410 13161047 16300 16300 16277671 15574441 208467553 209597704 3025325 3169384 532349 1146268 621988 627510 10510885 10137651 17139910 16147039 31830457 31227852 X 52617279 54614601 124019817 123755251 176637096 178369852 208467553 209597704 X -3460181 5008900 184037 X 0 1 X 1 1 1 X 9686768 15168012 19949142 18318260 19199889 82322071 9686768 15168012 19949142 18318260 19199889 82322071 5472944 76849127 2823287 983137 1044495 1438257 2061582 8350758 30153 91729 49092 41855 212829 -498220 2967092 6299219 2352123 1951068 13071282 103956940 285672330 0.73920 0.68720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 791279 X X X 0 85638410 3029211 7594347 12248497 84013471 83541468 1170224 5201360 4274642 85638410 94110158 1417071 -6749881 5235880 83541468 87663456 2266352 11633866 7453516 94110158 136744982 725157 1031378 50838061 87663456 0.07923 0.92077 0.00000 0 0 1907266 1907266 125589472 77172163 48417309 11058157 9277089 1781068 23366634 8937772 14428862 66534505 ALTERNATIVE INVESTMENTS 13161047 F 13161047 BENEFICIAL INTEREST IN PERPETUAL TRUST 3338632 FUNDS HELD IN TRUST BY OTHERS 1074139 CASH SURRENDER VALUE IN LIFE INSURANCE 610913 OPERATING ROU LEASE ASSET 10550757 15574441 STUDENT DEPOSITS AND DEFERRED GRANT REVENUE 318849 ANNUITIES PAYABLE 3356960 OTHER LIABILITIES 118746 OPERATING RIGHT OF USE LEASE LIABILITY 12352484 16147039 X PART III, LINE 4: THE COLLEGE MAINTAINS AN ANTHROPOLOGICAL MUSEUM AND AN ART MUSEUM. THE COLLECTIONS ARE DISPLAYED FOR PUBLIC VIEWING. HOWEVER, SPACE LIMITATIONS REQUIRE THAT ONLY PORTIONS OF THE COLLECTION ARE DISPLAYED AT A GIVEN TIME. THE COLLECTIONS AND THEIR PRESERVATION ARE USED IN THE CLASSROOM SETTING FOR INSTRUCTIONAL PURPOSES IN AREAS OF STUDY SUCH AS ANTHROPOLOGY, ART AND MUSEUM STUDIES. PART V, LINE 4: THE PURPOSE OF THE COLLEGE'S ENDOWMENT FUND IS TO PROVIDE A CONTINUOUS SOURCE OF FUNDING TO SUPPORT THE MISSION OF THE INSTITUTION. ENDOWMENT FUND EXPENDITURES PROVIDE FUNDING FOR SCHOLARSHIPS, FACULTY SALARIES, LIBRARY RESOURCES, AND OTHER PROGRAM ACTIVITIES. PART X, LINE 2: THE COLLEGE QUALIFIES AS A SECTION 501(C)(3) NOT-FOR-PROFIT EDUCATIONAL INSTITUTION UNDER THE INTERNAL REVENUE CODE (THE CODE) AND, THEREFORE, IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE IS, HOWEVER, SUBJECT TO FEDERAL INCOME TAXES ON ANY UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE CODE. THE COLLEGE IS EXEMPT FROM STATE INCOME TAXES UNDER SECTION 71.26 OF WISCONSIN STATUTES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BELOIT COLLEGE IS A FOUR YEAR PRIVATE LIBERAL ARTS INSTITUTION THAT DRAWS STUDENTS NOT ONLY NATIONWIDE BUT WORLDWIDE. MATERIALS USED IN PROMOTIONAL ACTIVITIES AND RECRUITING EFFORTS INCLUDE STATEMENTS THAT BELOIT COLLEGE DOES NOT DISCRIMINATE AGAINST STUDENTS, APPLICANTS FOR ADMISSION, APPLICANTS FOR FINANCIAL ASSISTANCE, APPLICANTS FOR EMPLOYMENT, OR EMPLOYEES ON THE BASIS OF SEX, RACE, COLOR, RELIGION, NATIONAL ORIGIN, ANCESTRY, AGE, SEXUAL ORIENTATION, OR PHYSICAL OR MENTAL DISABILITIES UNRELATED TO INSTITUTIONAL JOBS, PROGRAMS, OR ACTIVITIES. SCHEDULE E, PART I, LINE 6 BELOIT COLLEGE DID RECEIVE FEDERAL FUNDS, WHICH WERE USED FOR STUDENT PROGRAMS/ENTITLEMENTS SUCH AS PELL GRANTS, SEOG GRANTS, AND WORKSTUDY PROGRAMS. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTS 150310 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTS 346320 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 GRANTS 14250 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTS 24000 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 GRANTS 6000 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 GRANTS 101042 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANTS 554015 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTS 214555 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS 70943 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 SCHOLARSHIPS 126760 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 SCHOLARSHIPS 1238798 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 SCHOLORSHIPS 243159 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 SCHOLORSHIPS 65642 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 SCHOLARSHIPS 102560 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 SCHOLARSHIPS 98716 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 SCHOLARSHIPS 130075 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 SCHOLARSHIPS 1952061 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 SCHOLARSHIPS 548401 0 0 0 0 0 0 1410492 4577115 5987607 GRANT CENTRAL AMERICA AND THE CARIBBEAN 9 150310 SEE PART V 0 N/A N/A GRANT EAST ASIA AND THE PACIFIC 34 346320 SEE PART V 0 N/A N/A GRANT EUROPE (INCLUDING ICELAND & GREENLAND) 4 70943 SEE PART V N/A N/A GRANT MIDDLE EAST AND NORTH AFRICA 1 14250 SEE PART V 0 N/A N/A GRANT NORTH AMERICA 2 24000 SEE PART V 0 N/A N/A GRANT RUSSIA AND NEIGHBORING STATES 1 6000 SEE PART V 0 N/A N/A GRANT SOUTH AMERICA 5 101042 SEE PART V 0 N/A N/A GRANT SOUTH ASIA 56 554015 SEE PART V 0 N/A N/A GRANT SUB-SAHARAN AFRICA 19 214555 SEE PART V 0 N/A N/A SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 2 126760 SEE PART V 0 N/A N/A SCHOLARSHIPS EAST ASIA AND THE PACIFIC 38 1238798 SEE PART V 0 N/A N/A SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 6 243159 SEE PART V 0 N/A N/A SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 2 65642 SEE PART V 0 N/A N/A SCHOLARSHIPS NORTH AMERICA 3 102560 SEE PART V 0 N/A N/A SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 2 98716 SEE PART V 0 N/A N/A SCHOLARSHIPS SOUTH AMERICA 5 130075 SEE PART V 0 N/A N/A SCHOLARSHIPS SOUTH ASIA 58 1952061 SEE PART V 0 N/A N/A SCHOLARSHIPS SUB-SAHARAN AFRICA 17 548401 SEE PART V 0 N/A N/A 0 0 0 0 0 0 PART I, LINE 2: GRANT FUNDS AWARDED IN THE FORM OF STUDENT FINANCIAL ASSISTANCE IS CREDITED TO THEIR TUITION ACCOUNT TO ASSIST IN COVERING THE COST OF TUITION. IN CASES WHERE FUNDS ARE SPENT AWAY FROM CAMPUS, APPROPRIATE DOCUMENTATION IS REQUIRED TO BE SUBMITTED AND APPROVED TO SUBSTANTIATE THE EXPENSE. 1 STUDENT FINANCIAL AID ASSISTANCE 931 30987249 PART I, LINE 2: GRANTS ARE AWARDED IN THE FORM OF FINANCIAL ASSISTANCE TOWARDS THE PAYMENT OF TUITION AND FEES IN WHICH CASE THE GRANT AMOUNTS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT. OTHER GRANTS ARE AWARDED FOR VARIOUS REASONS TO STUDENTS, FACULTY AND STAFF FOR EDUCATIONAL OR WORK RELATED ACTIVITIES. IN THESE CASES EXPENSE VERIFICATION IS REQUIRED IN THE FORM OF RECEIPTS AND OTHER APPROPRIATE DOCUMENTATION. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR H SCOTT BIERMAN FORMER PRESIDENT 388925 0 0 0 0 0 23100 0 29373 0 441398 0 0 0 MR ERIC BOYNTON PRESIDENT 252539 0 0 0 22506 0 24500 0 74640 0 374185 0 0 0 MR DANIEL SCHOOFF VP ADVANCEMENT 184426 0 0 0 0 0 14000 0 36523 0 234949 0 0 0 MS STACIE T SCOTT TREASVP FINANCE & PLANNING (UNTIL 3/22/24) 200495 0 0 0 0 0 10478 0 10754 0 221727 0 0 0 MR CECIL YOUNGBLOOD DEAN OF EQUITY, COMMUNITY & STUDENT 171954 0 0 0 0 0 12556 0 16491 0 201001 0 0 0 MS DONNA OLIVER PROVOST AND DEAN OF THE COLLEGE 157283 0 0 0 0 0 13640 0 12009 0 182932 0 0 0 MR EDWARD WILDER CHIEF INFORMATION OFFICER 136557 0 0 0 0 0 10373 0 32682 0 179612 0 0 0 MS LORRAINE RHEAD VP OF HR & OPERATIONS (UNTIL 12/31/23) 133028 0 0 0 0 0 5186 0 16373 0 154587 0 0 0 MS MARTHA STOLZE DIRECTOR OF ADMISSIONS 108626 0 0 0 0 0 8526 0 34823 0 151975 0 0 0 PART I, LINE 1A DISCRETIONARY SPENDING ACCOUNT: THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT OF $15,000. THIS BENEFIT IS TREATED AS OTHER TAXABLE COMPENSATION TO ERIC BOYNTON. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE/PERSONAL SERVICES: AS A CONDITION OF EMPLOYMENT, THE PRESIDENT OF BELOIT COLLEGE IS REQUIRED TO RESIDE IN THE PRESIDENT'S HOUSE. THE PRESIDENT'S HOUSE SERVES BOTH AS A PERSONAL RESIDENCE AS WELL AS A VENUE FOR THE CARRYING ON OF COLLEGE BUSINESS REGULARLY. 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 SECTION 119. CONSISTENT WITH THE USE OF THE RESIDENCE AS A VENUE FOR COLLEGE BUSINESS, A PART-TIME HOUSEKEEPER IS ASSIGNED TO CLEAN UP AND ASSIST WITH SUCH USE. THE VALUE OF THIS BENEFIT WAS $0 IN 2023. THE VALUE OF THE HOUSING ALLOWANCE WAS $37,892 IN 2023. A WISC HEALTH & EDUCATIONAL FACILITIES AUTHORITIES 391337855 97712DSK3 2016-09-14 26746813 CURRENT REFUND BONDS ISSUED APRIL 28, 2010 0 0 0 A 26181813 26746813 317465 26429348 2016 0 1 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 1 0 0 0 0 1 A 1 X 9 14225 DONOR ASSIGNED VALUE X 120 DONOR ASSIGNED VALUE X 58 1967504 FAIR MARKET VALUE X OTHER 4 3186 DONOR ASSIGNED VALUE 0 0 1 1 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS PART I, LINE 32B: IT IS THE GENERAL POLICY OF THE COLLEGE TO SELL OR OTHERWISE DISPOSE OF ALL GIFTS OF PERSONAL PROPERTY IN ORDER TO USE THE PROCEEDS TO ADVANCE ITS ACTIVITIES, UNLESS THE PROPERTY ITSELF FURTHERS THE MISSION OF THE COLLEGE SUCH AS CERTAIN ARTWORK, PIECES OF INTEREST FOR THE LOGAN MUSEUM, VALUABLE MANUSCRIPTS, ETC. ONCE THE PROPERTY IS TRANSFERRED A KNOWLEDGEABLE AGENT IS SOUGHT TO EFFICIENTLY DISPOSE OF THE PROPERTY FOR MAXIMUM PROCEEDS. FORM 990, PART VI, SECTION B, LINE 11B BELOIT COLLEGE'S FORM 990 WAS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. A DRAFT OF THE FORM 990 WAS PROVIDED ELECTRONICALLY TO THE BOARD OF TRUSTEES' AUDIT COMMITTEE FOR REVIEW AT THE MARCH AUDIT COMMITTEE MEETING. THE MARCH MEETING AGENDA INCLUDED DISCUSSION OF QUESTIONS OR CONCERNS REGARDING THE INFORMATION CONTAINED IN THE FORM 990. ONCE ALL ISSUES AND QUESTIONS REGARDING THE RETURN WERE RESOLVED, THE FORM 990 WAS FINALIZED TO INCORPORATE ANY NECESSARY CHANGES. AN UPDATED VERSION WAS PROVIDED ELECTRONICALLY TO THE CONTROLLER TO DISTRIBUTE TO THE AUDIT COMMITTEE FOR ADDITIONAL MATTERS TO BE ADDRESSED AND RESOLVED. THE FINALIZED VERSION OF FORM 990 WAS FILED WITH THE IRS ON OR BEFORE THE MAY 15TH FILING DEADLINE. TO RESPECT THE WISHES OF CERTAIN DONORS TO REMAIN ANONYMOUS, WE HAVE CHOSEN NOT TO PROVIDE A FULL DISCLOSURE COPY OF THE 990 TO THE FULL GOVERNING BOARD OF BELOIT COLLEGE. THE BOARD DOES, HOWEVER, RECEIVE A FULL REPORT LESS THE DONOR NAMES AND ADDRESSES TO REVIEW. A FULL DISCLOSURE COPY, WITH ALL DONOR INFORMATION, WILL BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST DOCUMENTS ANNUALLY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, ANY PERSON COVERED BY THIS POLICY MUST DISCLOSE THE EXISTENCE OF THE CONFLICT ISSUE AND ALL MATERIAL FACTS CONCERNING THE ISSUE. THE BOARD OF TRUSTEES MUST REVIEW AND APPROVE ALL SUBSTANTIAL CONFLICTING ACTIVITIES OF ALL TRUSTEES. THE AUDIT & RISK MANAGEMENT COMMITTEE MUST REVIEW AND APPROVE ALL SUBSTANTIAL CONFLICTING ACTIVITIES OF CORPORATE OFFICERS. WHEN THERE IS DOUBT AS TO WHETHER A CONFLICT OF INTEREST EXISTS, THE MATTER SHALL BE RESOLVED BY THE AUDIT & RISK MANAGEMENT COMMITTEE FOR CORPORATE OFFICERS AND THE EXECUTIVE COMMITTEE FOR THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE PARTICIPATES ANNUALLY IN AN OFFICER COMPENSATION SURVEY CONDUCTED BY THE WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (WAICU), AND AN ANNUAL ADMINISTRATIVE SALARY SURVEY CONDUCTED BY THE ASSOCIATED COLLEGES OF THE MIDWEST (ACM) WITH BI-ANNUAL INCLUSION OF THE GREAT LAKES COLLEGES ASSOCIATION (GLCA). THE SURVEYS ARE REVIEWED AS A PART OF THE PROCESS FOR DETERMINING ENCUMBENT SALARY INCREASES ANNUALLY. ADDITIONALLY, THE SURVEYS AND INDEPENDENT COMPARABILITY DATA FROM THE WAICU AND ACM/GLCA SCHOOLS WERE UTILIZED TO DETERMINE COMPENSATION FOR HIRING EXECUTIVES, OFFICERS AND KEY STAFF TO FILL VACANCIES. THE EXECUTIVE COMMITTEE OF THE BELOIT COLLEGE BOARD OF TRUSTEES ACTS AS THE COMPENSATION COMMITTEE. THERE ARE 6 MEMBERS OF THIS COMMITTEE, THE CHAIR OF THE BOARD, THE CHAIR OF THE BUDGET COMMITTEE, AND 4 MEMBERS ELECTED FROM THE FULL BOARD. THE PROCESS USED TO DETERMINE THE COMPENSATION OF THE PRESIDENT AND TO REVIEW THE COMPENSATION OF THE OFFICERS OF THE COLLEGE IS DETAILED BELOW: 1. MARKET DATA FROM COMPENSATION SURVEYS OF MEMBER COLLEGES OF THE ASSOCIATED COLLEGES OF THE MIDWEST/GREAT LAKES COLLEGES ASSOCIATION (ACM/GLCA), MEMBER COLLEGES OF THE WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (WAICU), AND TWENTY COMPARATIVE NATIONAL RESIDENTIAL LIBERAL ARTS COLLEGES BELOIT USES FOR A VARIETY OF PURPOSES ARE USED TO COMPARE THE SALARIES, BENEFITS AND OTHER PERQUISITES OF THE PRESIDENT AND OFFICERS OF THE COLLEGE. 2. THE EXECUTIVE COMMITTEE USES THE MARKET DATA AS PART OF THEIR DECISION PROCESS. PRIOR TO THE SPRING BOARD OF TRUSTEES MEETING, THE EXECUTIVE COMMITTEE IS ALSO PROVIDED WITH AN ANNUAL REPORT AND REFLECTION ON THE PREVIOUS YEAR AUTHORED BY THE PRESIDENT. THIS IS DISCUSSED BY THE EXECUTIVE COMMITTEE WITH THE PRESIDENT AND IN EXECUTIVE SESSION AT THEIR SPRING MEETING. FOLLOWING THIS DISCUSSION, THE EXECUTIVE COMMITTEE DECIDES ON A COMPENSATION PROPOSAL TO BRING TO THE FULL BOARD. 3. THE EXECUTIVE COMMITTEE TAKES THEIR RECOMMENDATION REGARDING THE PRESIDENT'S COMPENSATION FOR REVIEW AND CONSIDERATION TO THE FULL BOARD ALSO AT THE SPRING BOARD OF TRUSTEES MEETING. AT THIS MEETING, THE EXECUTIVE COMMITTEE SUMMARIZES THE PRESIDENT'S ANNUAL REPORT, THEIR OWN DELIBERATIONS, AND THE ARGUMENT FOR THE COMPENSATION RECOMMENDATION THEY ARE PROPOSING. 4. ONCE THE COMPENSATION PACKAGE IS APPROVED, IT IS COMMUNICATED TO THE VICE PRESIDENT FOR HUMAN RESOURCES AND OPERATIONS WHO IMPLEMENTS THE DECISION FOR THE NEXT FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. OTHER DOCUMENTS MAY BE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 227,228. LOSS FROM SUBSIDIARIES -256,045. CHANGE IN BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 212,854. BELOIT POWERHOUSE LLC 700 COLLEGE ST BELOIT WI 53511 820908061 OWNING & RENOVATING PROPERTY WI BELOIT POWERHOUSE HOLDINGS II EXCLUDED -88 1961 0 1 0.00010 POWERHOUSE MASTER TENANT LLC 700 COLLEGE ST BELOIT WI 53511 823813413 OWNING & RENOVATING PROPERTY WI BELOIT POWERHOUSE HOLDINGS II EXCLUDED 0 0 CHARITABLE REMAINDER TRUSTS (11) CHARITABLE TRUST WI BELOIT COLLEGE T 1 BELOIT POWERHOUSE HOLDINGS INC 700 COLLEGE ST BELOIT WI 53511 823808472 OWNING & RENOVATING PROPERTY WI BELOIT COLLEGE C -44707 979356 1.00000 1 BELOIT POWERHOUSE HOLDINGS II LLC 700 COLLEGE ST BELOIT WI 53511 825098452 OWNING & RENOVATING PROPERTY WI BELOIT COLLEGE C -848110 18671592 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0