2026-05-14T10:57:50-05:00 2025-06-30 420714325 RSM US LLP 30 SOUTH WACKER DR SUITE 3300 CHICAGO IL 606063392 990 2024-07-01 390808497 BELOIT COLLEGE BELO 6083632250 700 COLLEGE ST BELOIT WI 53511 ELIZABETH MOORE CHIEF FINANCIAL OFFICER 6083632250 2026-05-13 1 1 REBEKUH ELEY P01247672 3126343400 2026-05-13 2024 2025-03-06 01:10:19Z DR ERIC BOYNTON 700 COLLEGE ST BELOIT WI 53511 117228809 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/. 29 29 1019 144 39867 28887 19199889 16103792 57751709 62332967 3445832 4546768 1997486 16738385 82394916 99721912 36974856 39376676 0 0 24439057 23569814 0 0 2261720 24441184 27703447 85855097 90649937 -3460181 9071975 209597704 201652842 31227852 16634708 178369852 185018134 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 72535430 39376676 62332967 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 60 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 2024-25 ACADEMIC YEAR, THE COLLEGE SERVED 1,004 STUDENTS FROM 39 COUNTRIES, 45 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 256 STUDENTS DURING THE YEAR, WHILE PROVIDING FINANCIAL ASSISTANCE TO 99 PERCENT OF DEGREE-SEEKING STUDENTS.ENROLLMENT AND DEVELOPMENT: DURING THE RECRUITMENT CYCLE FOR STUDENTS STARTING IN FALL 2024, THE COLLEGE RECEIVED 3,853 APPLICATIONS FROM FIRST-TIME, DEGREE-SEEKING STUDENTS. THE 224 STUDENTS WHO ENROLLED WILL GRADUATE AS THE CLASS OF 2028. 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. 72535430 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 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 1 147 0 1 1019 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X X ELIZABETH MOORE 6083632250 700 COLLEGE ST BELOIT WI 53511 MR DONALD CARSON CHAIR 1.00 X X 0 0 0 MR CHRISTOPHER D BARTOL TRUSTEE 1.00 X 0 0 0 MR ALEX CATALAN TRUSTEE 1.00 X 0 0 0 MR STEVE ELDRED 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 LESLEY FREEMAN 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 MR AL GERHARDSTEIN 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 MR JONATHAN MASON 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 MILLER TRUSTEE 1.00 X 0 0 0 MR DICK NIEMIEC TRUSTEE 1.00 X 0 0 0 MS SUDHA PAVULURI QUAMME MD 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 ERIC BOYNTON PRESIDENT 40.00 X 336926 0 61173 MR DANIEL SCHOOFF VP DEVELOPMENT UNTIL 2/18/25 40.00 X 185426 0 51163 MR CECIL YOUNGBLOOD DEAN OF STUDENTS UNTIL 12/31/24 40.00 X 178880 0 26597 MS DONNA OLIVER INTERIM PROVOST AND DEAN OF THE COLLEGE 40.00 X 182024 0 24735 MS TIFFANY CIPOLLONE VP OF DEVELOPMENT 40.00 X 134698 0 31863 MS LORRAINE RHEAD VICE PRESIDENT FOR HR & OPERATIONS 40.00 X 179491 0 0 MR TIMOTHY J LESLIE VP OF FINANCE, STRATEGY & OPERATIONS 40.00 X 121176 0 42853 MS ELLENOR ANDERBYRNE SECRETARY/CHIEF OF STAFF 40.00 X 90155 0 49436 MS KAREN SCHEDIN VP FOR ENROLLMENT 40.00 X 173731 0 22570 MS BETH YOUNG VP, CFO & TREASURER AS OF 11/24 40.00 X 16250 0 1138 MR RONGAL WATSON DEAN OF STUDENTS & ASSOC. PROVOST 40.00 X 90495 0 40417 MR EDWARD WILDER CHIEF INFORMATION CENTER 40.00 X 136839 0 43759 MS ELIZABETH CONLISK CHIEF COMMUNICATIONS OFFICER 40.00 X 133875 0 0 MR OSWALDO VOYSEST ASSOC. PROFESSOR, MOD. LANG. & LIT. 40.00 X 110765 0 26614 MS MARTHA STOLZE DIRECTOR OF ADMISSIONS 40.00 X 107444 0 44634 MS YAFFA GROSSMAN REGISTRAR 40.00 X 105584 0 24876 DR H SCOTT BIERMAN FORMER PRESIDENT 0.00 X 191338 0 25754 2475097 0 517582 17 1 1 0 BRABAZON TITLE TEAM GROUP LLC 2225 CRANSTON RD STE 101 BELOIT WI 53511 TITLE SERVICES (ESCROW) 6878122 BON APPETIT MANAGEMENT CO PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE 3276566 GILBANK CONSTRUCTION INC PO BOX 718 301 SCOT DR CLINTON WI 53525 CONSTRUCTION 2914300 KLOBUCAR CONSTRUCTION CO INC 3217 EAST TORTOISE LANE BELOIT WI 53511 CONSTRUCTION 1505005 BOELTER LLC N22W23685 W RIDGEVIEW PARKWAY WAUKESHA WI 53188 CONSTRUCTION 1321516 30 2340007 13763785 3019850 16103792 TUITION AND FEES 812900 53772760 53772760 ROOM, BOARD, & OTHER 812900 8560207 8560207 62332967 1658954 13173 1645781 19195655 1199056 17506832 65 1688823 1198991 2887814 2887814 TAX CREDIT TRANSACTION 900099 10859637 10859637 ERC CREDIT 900099 2407156 2407156 GAIN ON NCI 900099 1107776 1107776 2363816 26694 2337122 16738385 99721912 62332967 39867 21245286 33672722 33672722 5703954 5703954 2363000 976903 1066345 319752 15724539 11426392 3336423 961724 855788 580632 196606 78550 3222293 2343598 724397 154298 1404194 913489 392775 97930 191735 191735 233477 233477 628131 628131 514921 514921 6896675 4080104 2370069 446502 144287 100239 43848 200 3280816 2343309 867899 69608 930377 322052 608119 206 2000 2000 1553442 2619 1550823 1525699 1359722 80775 85202 210997 194373 9767 6857 555279 216330 338949 4145440 2993563 1151877 765319 765319 FOOD SERVICE 3098964 2989770 68303 40891 REPAIRS & MAINTENANCE 818012 121440 696572 COLLECTIONS 505722 505722 UBIT TAX 15657 15657 1686497 1686497 90649937 72535430 15852787 2261720 93608 87515 7129035 7107478 1467687 4288169 6563693 3085035 17933570 8213438 7949 7254 769192 763133 214243453 106175648 66534505 108067805 80346677 52608554 13161047 13005628 16300 16300 15574441 4402533 209597704 201652842 3169384 1689810 1146268 574813 627510 623342 10137651 9798686 16147039 3948057 31227852 16634708 X 54614601 62380455 123755251 122637679 178369852 185018134 209597704 201652842 X 9071975 3967284 -6390977 X 0 1 X 1 1 1 X 15168012 19949142 18318260 19199889 16103792 88739095 15168012 19949142 18318260 19199889 16103792 88739095 2280307 86458788 983137 1044495 1438257 2061582 1645920 7173391 91729 49092 41855 28887 211563 2967092 6299219 2352123 1951068 16734191 30303693 126427742 288496918 0.68390 0.73920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 791279 X X X 0 84013471 1377635 6287578 10441701 81236983 85638410 3029211 7594347 12248497 84013471 83541468 1170224 5201360 4274642 85638410 94110158 1417071 -6749881 5235880 83541468 87663456 2266352 11633866 7453516 94110158 0.07363 0.92637 0.00000 0 0 2162266 2162266 181682424 85853346 95829078 14738042 10461200 4276842 15660721 9861102 5799619 108067805 ALTERNATIVE INVESTMENTS 13005628 F 13005628 STUDENT DEPOSITS AND DEFERRED GRANT REVENUE 317292 ANNUITIES PAYABLE 3444099 OTHER LIABILITIES 119419 OPERATING RIGHT OF USE LEASE LIABILITY 67247 3948057 X 64145483 3967284 347917 4315201 59830282 514921 39376709 39891630 99721912 50758307 0 50758307 514921 39376709 39891630 90649937 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 114,963. CHANGES IN BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 232,954. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 39,376,709. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 39,376,709. 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 0 0 GRANTS 95516 EAST ASIA AND THE PACIFIC 0 0 GRANTS 278511 NORTH AMERICA 0 0 GRANTS 32000 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS 76364 SOUTH AMERICA 0 0 GRANTS 123527 SOUTH ASIA 0 0 GRANTS 473947 SUB-SAHARAN AFRICA 0 0 GRANTS 119300 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS 63042 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SCHOLARSHIPS 158920 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIPS 1004454 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 SCHOLORSHIPS 403592 NORTH AMERICA 0 0 SCHOLARSHIPS 141355 RUSSIA AND NEIGHBORING STATES 0 0 SCHOLARSHIPS 162634 SOUTH AMERICA 0 0 SCHOLARSHIPS 227775 SOUTH ASIA 0 0 SCHOLARSHIPS 2018829 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS 324188 0 0 0 0 0 0 1262207 4441747 5703954 GRANT CENTRAL AMERICA AND THE CARIBBEAN 3 95516 SEE PART V 0 N/A N/A GRANT EAST ASIA AND THE PACIFIC 23 278511 SEE PART V 0 N/A N/A GRANT EUROPE (INCLUDING ICELAND & GREENLAND) 8 63042 SEE PART V 0 N/A N/A GRANT NORTH AMERICA 4 32000 SEE PART V 0 N/A N/A GRANT RUSSIA AND NEIGHBORING STATES 5 76364 SEE PART V 0 N/A N/A GRANT SOUTH AMERICA 7 123527 SEE PART V 0 N/A N/A GRANT SOUTH ASIA 50 473947 SEE PART V 0 N/A N/A GRANT SUB-SAHARAN AFRICA 11 119300 SEE PART V 0 N/A N/A SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 3 158920 SEE PART V 0 N/A N/A SCHOLARSHIPS EAST ASIA AND THE PACIFIC 30 1004454 SEE PART V 0 N/A N/A SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 9 403592 SEE PART V 0 N/A N/A SCHOLARSHIPS NORTH AMERICA 4 141355 SEE PART V 0 N/A N/A SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 4 162634 SEE PART V 0 N/A N/A SCHOLARSHIPS SOUTH AMERICA 7 227775 SEE PART V 0 N/A N/A SCHOLARSHIPS SOUTH ASIA 55 2018829 SEE PART V 0 N/A N/A SCHOLARSHIPS SUB-SAHARAN AFRICA 11 324188 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 806 33672722 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 X 1 1 X X X 1 0 0 0 0 0 0 0 0 MR ERIC BOYNTON PRESIDENT 321926 0 0 0 15000 0 24150 0 37023 0 398099 0 0 0 MR DANIEL SCHOOFF VP DEVELOPMENT UNTIL 2/18/25 185426 0 0 0 0 0 14140 0 37023 0 236589 0 0 0 DR H SCOTT BIERMAN FORMER PRESIDENT 191338 0 0 0 0 0 13627 0 12127 0 217092 0 0 0 MS DONNA OLIVER INTERIM PROVOST AND DEAN OF THE COLLEGE 182024 0 0 0 0 0 12726 0 12009 0 206759 0 0 0 MR CECIL YOUNGBLOOD DEAN OF STUDENTS UNTIL 12/31/24 178880 0 0 0 0 0 12806 0 13791 0 205477 0 0 0 MS KAREN SCHEDIN VP FOR ENROLLMENT 167586 0 0 0 6145 0 11973 0 10597 0 196301 0 0 0 MR EDWARD WILDER CHIEF INFORMATION CENTER 136839 0 0 0 0 0 10477 0 33282 0 180598 0 0 0 MS LORRAINE RHEAD VICE PRESIDENT FOR HR & OPERATIONS 0 0 0 0 179491 0 0 0 0 0 179491 0 0 0 MS TIFFANY CIPOLLONE VP OF DEVELOPMENT 130618 0 0 0 4080 0 9812 0 22051 0 166561 0 0 0 MR TIMOTHY J LESLIE VP OF FINANCE, STRATEGY & OPERATIONS 121176 0 0 0 0 0 4856 0 37997 0 164029 0 0 0 MS MARTHA STOLZE DIRECTOR OF ADMISSIONS 107444 0 0 0 0 0 8611 0 36023 0 152078 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. TIFFANY CIPOLLONE RECEIVED A HOUSING ALLOWANCE OF $4,080 FOR 2024. KAREN SCHEDIN RECEIVED A HOUSING ALLOWANCE OF $6,145 FOR 2024. 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. THE VALUE OF THE HOUSING ALLOWANCE WAS $29,139 IN 2024. PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS WHICH WERE REPORTED AS TAXABLE COMPENSATION ON PART II, COLUMN (B)(III): LORRAINE RHEAD - $179,491 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 4 1170 DONOR ASSIGNED VALUE X 32188 DONOR ASSIGNED VALUE X 25 FMV X 104 2957881 FMV X TECH. SUPPLIES 2 22336 FMV X OTHER 1 6250 FMV 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. PER THE COLLEGE BYLAWS, THE EXECUTIVE COMMITTEE OF THE BELOIT COLLEGE BOARD OF TRUSTEES SERVES AS THE COMPENSATION COMMITTEE, AND TO CARRY OUT THAT ROLE, THE BOARD CHAIR SHALL APPOINT A COMPENSATION SUBCOMMITTEE. THE BOARD CHAIR WILL CHAIR THE SUBCOMMITTEE AND MEMBERSHIP WILL BE MADE UP OF TWO OTHER TRUSTEES FROM THE EXECUTIVE COMMITTEE, TO BE APPOINTED BY THE CHAIR. THE EXECUTIVE COMMITTEE OF THE BOARD CONSISTS OF THE BOARD CHAIR, THE VICE CHAIR, THE IMMEDIATE PAST CHAIR, AND THE CHAIRS OF STANDING COMMITTEES OF THE 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 SECRETARY OF THE COLLEGE WHO COORDINATES WITH INTERNAL LEADERSHIP AND HUMAN RESOURCES TO IMPLEMENT 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 BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 232,954. ADJUSTMENTS TO ACTUARIAL LIABILITY 114,963. DISSOLVED ENTITIES TRANSFER OF NET ASSETS -6,738,894. BELOIT POWERHOUSE LLC 700 COLLEGE ST BELOIT WI 53511 820908061 OWNING & RENOVATING PROPERTY WI BELOIT POWERHOUSE HOLDINGS II EXCLUDED -88 2008 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 -43912 1002944 1.00000 1 BELOIT POWERHOUSE HOLDINGS II LLC 700 COLLEGE ST BELOIT WI 53511 825098452 OWNING & RENOVATING PROPERTY WI BELOIT COLLEGE C -833018 19120939 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0