2026-04-08T22:47:39-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-07-01 410694747 CARLETON COLLEGE CARL 5072224000 ONE NORTH COLLEGE STREET NORTHFIELD MN 55057 ERIC RUNESTAD VP & TREASURER 5072224000 2026-04-10 1 1 SARAH HINTZ P00492291 7196350330 2026-04-10 2024 2025-03-06 01:10:19Z ALISON BYERLY ONE NORTH COLLEGE STREET NORTHFIELD MN 55057 299525564 0 X WWW.CARLETON.EDU X 1866 MN TO PROVIDE AN EXCEPTIONAL UNDERGRADUATE LIBERAL ARTS EDUCATION. 34 33 3072 2985 10021095 8853892 44938663 41295400 162175452 176373737 69326331 94470570 2514248 2942705 278954694 315082412 62022954 69812098 0 0 105153850 107438913 0 0 6929184 86815637 83987779 253992441 261238790 24962253 53843622 1883994794 1992369854 230515234 222014718 1653479560 1770355136 X SEE SCHEDULE O.FOUNDED IN 1866, CARLETON COLLEGE IS A PRIVATE, COEDUCATIONAL LIBERAL ARTS COLLEGE OF 2,007 STUDENTS LOCATED IN THE HISTORIC RIVER TOWN OF NORTHFIELD, MINNESOTA. NATIONALLY RECOGNIZED AS THE NATION'S TOP COLLEGE FOR UNDERGRADUATE TEACHING, CARLETON IS KNOWN FOR ITS ACADEMIC RIGOR, INTELLECTUAL CURIOSITY, AND SENSE OF HUMOR. CARLETON OFFERS 33 MAJORS AND 40 MINORS IN THE ARTS, HUMANITIES, NATURAL SCIENCES, MATHEMATICS, AND SOCIAL SCIENCESTHE CARLETON COLLEGE MISSION IS TO PROVIDE AN EXCEPTIONAL UNDERGRADUATE LIBERAL ARTS EDUCATION. THE COLLEGE IS DEVOTED TO ACADEMIC EXCELLENCE, DISTINGUISHED BY THE CREATIVE INTERPLAY OF TEACHING, LEARNING, AND SCHOLARSHIP AND IS DEDICATED TO A DIVERSE RESIDENTIAL COMMUNITY AND EXTENSIVE INTERNATIONAL ENGAGEMENTS. 0 0 147592843 68060091 144128029 INSTRUCTION - CARLETON COLLEGE EXISTS TO PROVIDE AN EXCEPTIONAL LIBERAL ARTS EDUCATION FOR STUDENTS, PREPARING THEM FOR LEADERSHIP IN THEIR COMMUNITIES, COUNTRIES AND THE WORLD (2,086 STUDENTS). A STUDENT - FACULTY RATIO OF 8:1 SUPPORTS CLASSROOM, LABORATORY, OFF-CAMPUS STUDY AND RESEARCH OPPORTUNITIES, AVERAGE CLASS SIZE IS 16, STUDENT FINANCIAL AID PROGRAMS - CARLETON MEETS 100% OF THE DEMONSTRATED FINANCIAL NEED OF ALL ADMITTED STUDENTS (1,165 STUDENTS). 29964970 1085000 0 ACADEMIC SUPPORT - PROGRAMS TO ENHANCE THE CARLETON LIBERAL ARTS EXPERIENCE WITH LIBRARY AND INFORMATION TECHNOLOGY RESOURCES (2,086 STUDENTS). 23938761 0 0 STUDENT SERVICES PROGRAMS - PROGRAMS DESIGNED TO SUPPORT THE RESIDENTIAL CARLETON COLLEGE STUDENT LIFE EXPERIENCE INCLUDING CO-CURRICULAR AND RECREATIONAL OPPORTUNITIES (2,086 STUDENTS). 21661467 0 31197584 AUXILIARY ENTERPRISES - CARLETON COLLEGE MAINTAINS A RURAL RESIDENTIAL CAMPUS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENT BODY WITH ROOM AND BOARD PROGRAMS DESIGNED TO ENCOURAGE A SPIRIT OF COLLEGIALITY AND CONVERSATION BEYOND THE CLASSROOM AND LABORATORY (2,024 STUDENTS). 7849708 667007 0 RESEARCH - FACULTY AND STUDENT RESEARCH TO ENHANCE THE ACADEMIC INSTRUCTIONAL EXPERIENCE. 1076184 0 1048124 SUMMER ACADEMIC PROGRAMS - PROGRAMS FOR HIGH SCHOOL STUDENTS IN GRADES 7-12 TO DEVELOP SKILLS FOR RIGOROUS ACADEMIC PROGRAMS (211 ATTENDEES). 30587359 667007 32245708 232083933 1 1 0 1 0 0 0 1 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 1 0 0 0 1 1 0 0 0 1 1 1 0 0 1 X 2958 0 1 3072 1 1 1 1 FR NZ SP IN ET 0 0 0 0 0 0 0 0 0 1 X 34 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MN NH WA X X ERIC RUNESTAD 5072225411 ONE NORTH COLLEGE STREET NORTHFIELD MN 55057 ALISON BYERLY PRESIDENT 60.00 X X 736099 0 127105 CATHY PAGLIA TRUSTEE CHAIR 8.00 X X 0 0 0 JENINNE MCGEE TRUSTEE VICE CHAIR 8.00 X X 0 0 0 JOHN HARRIS SECRETARY 8.00 X X 0 0 0 GREG AMUSU TRUSTEE 5.00 X 0 0 0 MARK APPLEBAUM TRUSTEE 5.00 X 0 0 0 EMILY BARR TRUSTEE 5.00 X 0 0 0 KURCHI BASU TRUSTEE 5.00 X 0 0 0 ALAN BAUER TRUSTEE 5.00 X 0 0 0 ELIZABETH BAUSCH TRUSTEE 5.00 X 0 0 0 JONATHAN CAPEHART TRUSTEE 5.00 X 0 0 0 VINAYA CHEPURI TRUSTEE 5.00 X 0 0 0 DAVID DIAMOND TRUSTEE 5.00 X 0 0 0 HERB FRITCH TRUSTEE 5.00 X 0 0 0 LIA GORE TRUSTEE 5.00 X 0 0 0 MICHAEL HASENSTAB TRUSTEE 5.00 X 0 0 0 SARA HAYS TRUSTEE 5.00 X 0 0 0 BRENT IRVIN TRUSTEE 5.00 X 0 0 0 DASHINI JEYATHURAI TRUSTEE 5.00 X 0 0 0 BOLUWATIFE JOHNSON TRUSTEE 5.00 X 0 0 0 LESLIE KAUTZ TRUSTEE 5.00 X 0 0 0 PAM KIECKER ROYALL TRUSTEE 5.00 X 0 0 0 ELIZABETH KING TRUSTEE 5.00 X 0 0 0 CHRISTIAN LEE TRUSTEE 5.00 X 0 0 0 BRAD NORDHOLM TRUSTEE 5.00 X 0 0 0 JENNIFER PIETENPOL TRUSTEE 5.00 X 0 0 0 RAUL RAYMUNDO TRUSTEE 5.00 X 0 0 0 NONOKO SATO TRUSTEE 5.00 X 0 0 0 DAVID SMITH TRUSTEE 5.00 X 0 0 0 JUSTIN WENDER TRUSTEE 5.00 X 0 0 0 MICHAEL WIEBOLT TRUSTEE 5.00 X 0 0 0 CANDACE WILLIAMS TRUSTEE 5.00 X 0 0 0 DANA WRIGHT TRUSTEE 5.00 X 0 0 0 JOHN YOUNGBLOOD TRUSTEE 5.00 X 0 0 0 ERIC RUNESTAD VP AND TREASURER 60.00 X 368659 0 67432 MICHELLE MATTSON PROVOST & VP OF ACADEMIC AFFAIRS 60.00 X 326550 0 45614 DAN RUSTAD VP OF EXTERNAL RELATIONS (INTERIM) 60.00 X 200352 0 53986 DAREN BATKE VP OF DEVELOPMENT & ALUMNI RELATIONS 60.00 X 304142 0 39097 KELSEY DESHLER CHIEF INVESTMENT OFFICER 60.00 X 925537 0 72079 ART D RODRIGUEZ VP & DEAN OF ADMISSIONS & FINANCIAL AID 60.00 X 278981 0 64956 CAROLYN H LIVINGSTON VP FOR STUDENT LIFE & DEAN OF STUDENTS 60.00 X 249000 0 107582 TIMOTHY GRIFFETH DIRECTOR OF INVESTMENTS 60.00 X 508373 0 68478 ELISE ESLINGER CHIEF OF STAFF 60.00 X 234323 0 59463 MICHAEL T HEMESATH PROFESSOR OF ECONOMICS 60.00 X 243861 0 59375 JULIE J NEIWORTH PROFESSOR OF PSYCHOLOGY 60.00 X 236697 0 29311 JEFF DSIDA ASSOCIATE DIRECTOR OF INVESTMENTS 60.00 X 227426 0 28624 STEVEN G POSKANZER PRESIDENT (FORMER) 60.00 X 191161 0 45618 GRETCHEN E HOFMEISTER DEAN OF THE COLLEGE INTERIM (FORMER) 60.00 X 167347 0 42792 5198508 0 911512 239 1 1 0 TERRA GENERAL CONTRACTORS LLC 21025 COMMERCE BLVD ROGERS MN 55374 GENERAL CONSTRUCTION 28448669 BON APPETIT 100 HAMILTON AVE STE 400 PALO ALTO CA 94301 DINING SERVICES 11845233 INCLINE ALCHEMY INC PO BOX 1058 160 ALAMO PLAZA ALAMO CA 94507 IT CONSULTANT 1015258 JE DUNN CONSTRUCTION COMPANY 800 WASHINGTON AVE N STE 600 MINNEAPOLIS MN 55401 GENERAL CONSTRUCTION 945471 RIVER CITY BUILDERS PO BOX 7 NERSTRAND MN 55053 GENERAL CONSTRUCTION 917818 52 8034170 33261230 5026755 41295400 TUITION AND FEES 611710 144128029 144128029 HOUSING & FOOD SERVICE 611710 31197584 31197584 SUMMER LIBERAL ARTS IN 611310 1048124 1048124 176373737 25950981 9874133 16076848 1717 1717 397441 446946 -49505 -49505 -49505 52388148 127647 -16990268 986474 69378416 -858827 68519589 68519589 OTHER REVENUE 900099 2843531 2843531 WIND TURBINE 221000 146962 146962 2990493 315082412 176373737 10021095 87392180 1752007 1752007 68060091 68060091 3106769 211800 2448794 446175 376900 75380 220060 81460 80410158 71337501 6240840 2831817 7191703 5602997 1260570 328136 10757014 9443187 869100 444727 5596369 4717190 631690 247489 500098 500098 101466 101466 5242989 5242989 8723576 5668508 1871885 1183183 81552 12569 52307 16676 4841748 4320494 521254 3803374 3475634 270889 56851 9479074 9479074 8980659 8276561 245324 458774 1351404 970393 183324 197687 4222564 4222564 16095339 15979775 104208 11356 1373104 586074 786455 575 STUDENT DINING SERVICES 10241734 10241666 68 MISCELLANEOUS EXPENSES 5363660 5026378 316341 20941 MEMBERSHIP FEES 3585438 2624090 879265 82083 261238790 232083933 22225673 6929184 37077747 60942231 13137894 12117066 3574767 2787646 453469 489685 2466716 2710188 618412922 200138253 392921373 418274669 610908268 662416976 765240811 801384121 1455914 1192669 56757835 30054603 1883994794 1992369854 30134094 25821538 5299903 7968012 173867603 167233431 448279 198994 20765355 20792743 230515234 222014718 X 734262157 761813614 919217403 1008541522 1653479560 1770355136 1883994794 1992369854 X 53843622 64734138 -1702184 X X 0 1 X 1 1 1 X 85839092 48857408 45960724 44938663 41295400 266891287 85839092 48857408 45960724 44938663 41295400 266891287 38314110 228577177 35397163 18594822 9841440 17974375 16476006 98283806 2410974 3850421 5922701 2075167 9740432 23999695 2316585 3266351 4121668 2502738 2843531 15050873 404225661 770511554 0.56550 0.57350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 2,316,585. 2021 AMOUNT: $ 3,266,351. 2022 AMOUNT: $ 4,121,668. 2023 AMOUNT: $ 2,502,738. 2024 AMOUNT: $ 2,843,531. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 0 0 1 1 0 1 1 1 126366 126366 0 PART II-B, LINE 1: COLLEGE RELATIONS OCCASIONALLY CONTACT LEGISLATORS TO EXPRESS THE COLLEGE'S VIEWS ON PENDING LEGISLATION WHICH WOULD AFFECT THE COLLEGE. COSTS INCURRED IN CONNECTION WITH THESE ACTIVITIES ARE INSIGNIFICANT AND NO SEPARATE ACCOUNT IS MADE FOR THESE COSTS. IN ADDITION, STUDENTS PARTICIPATE IN A VOLUNTEER ACTIVITY SPONSORED BY THE MINNESOTA PRIVATE COUNCIL (MPCC) CALLED "DAY AT THE CAPITAL" TO DISCUSS THE IMPORTANCE OF THE STATE GRANT PROGRAM WITH REPRESENTATIVES. COSTS INCURRED BY THE COLLEGE TO SUPPORT THIS PROGRAM ARE DE MINIMIS. CARLETON COLLEGE IS A MEMBER OF 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, INCLUDED, BUT NOT ONLY, NONPARTISAN AND NON-ELECTORAL ADVOCACY FOR PUBLIC POLICY THAT MEETS STUDENTS' NEEDS AND ADVANCES THE INTEREST OF PRIVATE HIGHER EDUCATION. CARLETON COLLEGE PAID MEMBER DUES TO MPCC IN THE AMOUNT OF $137,101 DURING THE TAXABLE YEAR. MPCC HAD DIVIDED ITS EXPENSES FOR ITS TAXABLE YEAR ENDING JUNE 30, 2025 INTO TWO GROUPS. GROUP 1 CONSISTS OF THOSE EXPENSES THAT DID NOT IN ANY WAY SUPPORT ATTEMPTS TO INFLUENCE LEGISLATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("LOBBYING"), AND GROUP 2 CONSISTS OF ALL OTHER EXPENSES. GROUP 2 INCLUDES MANY EXPENSES SUCH AS PERSONNEL COSTS THAT SUPPORT BOTH LOBBYING AND NONLOBBYING ACTIVITIES. MPCC DID NOT ATTEMPT TO ALLOCATE THE GROUP 2 EXPENSES BETWEEN LOBBYING AND NONLOBBYING ACTIVITIES. MPCC HAD DETERMINED THAT THE AMOUNT OF THE GROUP 2 EXPENSES REPRESENTS 92.17% OF THE AMOUNT OF DUES THAT MPCC COLLECTED IN THE SAME TAXABLE YEAR. ASSUMING THAT ALL GROUP 2 EXPENSES WERE PAID FROM MEMBER DUES, AND ALLOCATING THOSE EXPENSES PRO RATA BASED ON THE DUES PAID BY EACH MEMBER, $126,366 OF CARLETON COLLEGE'S DUES WERE USED TO PAY GROUP 2 EXPENSES. THE AMOUNT OF LOBBYING EXPENSES PAID FROM CARLETON COLLEGE'S DUES WAS SIGNIFICANTLY LESS THAN THAT AMOUNT. 0 9748529 X X X 0 0 1 X 1245543035 18057747 139783860 16634658 38727413 4293917 1343728654 1176531478 9092832 120016013 14844972 37227344 8024972 1245543035 1112930501 16049584 104179465 14901264 35159550 6567258 1176531478 1177591148 24155753 -31932372 13763033 34441127 8679867 1112930501 877276225 63397175 290531660 12562398 32615343 8436171 1177591148 0.31770 0.68230 0.00000 1 0 2493728 2493728 425996473 126570818 299425655 113051444 73567435 39484009 76871277 76871277 418274669 PRIVATE EQUITY 326700367 F HEDGE FUNDS 263838306 F REAL ASSETS 157657963 F PLANNED GIFT AGREEMENTS AND OTHER 53187485 F 801384121 ANNUITIES PAYABLE 18073625 ASSET RETIREMENT OBLIGATION 2719118 20792743 X 305258232 64734138 -1255238 63478900 241779332 5242989 68060091 73303080 315082412 188382656 446946 446946 187935710 5242989 68060091 73303080 261238790 PART III, LINE 4: CARLETON'S ART COLLECTION IS FOR STUDENT RESEARCH AND STUDY INCLUDING COLLEGE ARCHIVES OF INSTITUTIONALLY SIGNIFICANT TREASURES AN LIBRARY COLLECTIONS. PART IV, LINE 2B: THE COLLEGE REPORTS ON FORM 990, PART X, LINE 21 AMOUNTS HELD FOR THE PERKINS LOAN PROGRAM THAT ARE REFUNDABLE TO THE GOVERNMENT AND REPORTED AS A LIABILITY ON THE COLLEGE'S FINANCIAL STATEMENTS. PART V, LINE 4: ENDOWMENT FUNDS ARE TO SUPPORT GRANTS TO STUDENTS AND THE PROGRAM SERVICES OF THE COLLEGE. PART X, LINE 2: THE COLLEGE IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND SIMILAR STATUTES OF MINNESOTA LAW. IT IS EXEMPT FROM INCOME TAXES ON RELATED INCOME. THE COLLEGE FILES U.S. FEDERAL AND VARIOUS STATE TAX RETURNS ON NET UNRELATED BUSINESS INCOME. THE TAX CUTS AND JOBS ACT (TCJA), ENACTED ON DECEMBER 22, 2017, REQUIRES THE COLLEGE TO PAY AN EXCISE TAX ON NET INVESTMENT INCOME FOR TAXABLE YEARS BEGINNING AFTER DECEMBER 31, 2017 WHENEVER THE AGGREGATE FAIR MARKET VALUE OF ASSETS AT THE END OF THE PRECEDING TAXABLE YEAR IS AT LEAST $500,000 PER STUDENT. THE COLLEGE RECORDED AN ESTIMATED TAX OBLIGATION OF $800,000 FOR THE FISCAL YEAR ENDED JUNE 30, 2025. EXCISE TAX REMITTED FOR THE PERIOD ENDED JUNE 30, 2024 WAS $456,418. THE ONE BIG BEAUTIFUL BILL ACT (OBBBA) SIGNED INTO LAW ON JULY 4, 2025 ELIMINATED THE EXCISE TAX ON NET INVESTMENT INCOME FOR INSTITUTIONS ENROLLING FEWER THAN 3,000 STUDENTS FOR FISCAL YEARS BEGINNING AFTER DECEMBER 31, 2025. THE COLLEGE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO OTHER UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,702,184. RENTAL EXPENSES 446,946. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO STUDENTS 68,060,091. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 446,946. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO STUDENTS 68,060,091. 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 USES PAPER AND BROADCAST MEDIA IN SOLICITATION OF STUDENTS. WE PUBLICIZE OUR NONDISCRIMINATORY POLICY IN ALL PRINTED BROCHURES, MAGAZINES, APPLICATION MATERIAL AND WEBSITE INFORMATION. SCHEDULE E, PART I, LINE 6 CARLETON COLLEGE PARTICIPATES IN THE FEDERAL STUDENT FINANCIAL AID PROGRAM ADMINISTERED THROUGH THE U.S. DEPARTMENT OF EDUCATION. CARLETON STUDENTS RECEIVE FUNDING FROM CAMPUS-BASED PROGRAMS (PERKINS, SEOG, AND FEDERAL WORK STUDY) AS WELL AS FEDERAL PELL GRANTS AND FEDERAL STUDENT LOANS. IN ADDITION, CARLETON STUDENTS RECEIVE FUNDING FROM THE MINNESOTA STATE GRANT, WORK-STUDY AND SELF LOAN PROGRAMS ADMINISTERED THROUGH THE MINNESOTA OFFICE OF HIGHER EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 457463137 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 10880010 NORTH AMERICA 0 0 INVESTMENTS 3013947 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - STUDIO ART IN AUSTRALIA 552508 SOUTH ASIA 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - BUDDHIST STUDIES IN BODH GAYA, INDIA 267121 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - ECONOMICS IN CAMBRIDGE 350448 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - ECOLOGY AND ANTHROPOLOGY IN TANZANIA 172213 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - GEOLOGY IN NEW ZEALAND 485088 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - LIVING LONDON 391476 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - SPANISH STUDIES IN MADRID 257864 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - FRENCH AND FRANCOPHONE STUDIES IN PARIS 327049 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - CROSS-CULTURAL PSYCHOLOGY IN PRAGUE 357785 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - HISTORY, RELIGION, AND URBAN CHANGE IN MEDIEVAL AND RENAISSANCE ROME 527733 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - POLITICAL ECONOMY AND ECOLOGY OF SOUTHEAST ASIA 308151 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - COMPARATIVE WOMEN'S AND GENDER STUDIES IN EUROPE 171210 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - RUSSOPHONE STUDIES IN CENTRAL ASIA 208597 NORTH AMERICA 0 0 PROGRAM SERVICES OFF CAMPUS STUDIES - SOCIAL JUSTICE AND CULTURAL IMMERSION IN MEXICO 49130 0 0 0 0 0 0 473184472 2598995 475783467 1 0 1 1 1 0 PART I, LINE 3: THE COLLEGE USES THE ACCRUAL METHOD OF ACCOUNTING TO REPORT EXPENDITURES ON PART I. 1 UNIVERSITY OF CALIFORNIA - DAVIS 1 SHIELDS AVENUE DAVIS CA 95616 946036494 501(C)(3) 90117 0 N/A N/A RUI: LINKING ECOLOGY, BEHAVIOR, AND IMMUNOLOGY TO SPATIO-TEMPORAL VARIATION IN HELMINTH TRANSMISSION UNIVERSITY OF WISCONSIN - MADISON 21 N PARK STREET SUITE 6301 MADISON WI 53715 391805963 STATE GOV 159981 0 N/A N/A RUI: LINKING ECOLOGY, BEHAVIOR, AND IMMUNOLOGY TO SPATIO-TEMPORAL VARIATION IN HELMINTH TRANSMISSION UNIVERSITY OF CONNECTICUT 438 WHITNEY ROAD EXT UNIT 1133 STORRS CT 06269 060772160 STATE GOV 227555 0 N/A N/A RUI: LINKING ECOLOGY, BEHAVIOR, AND IMMUNOLOGY TO SPATIO-TEMPORAL VARIATION IN HELMINTH TRANSMISSION BIODIVERSITY RESEARCH INSTITUTE 276 CANCO ROAD PORTLAND ME 04103 010515381 501(C)(3) 110594 0 N/A N/A RUI: LINKING ECOLOGY, BEHAVIOR, AND IMMUNOLOGY TO SPATIO-TEMPORAL VARIATION IN HELMINTH TRANSMISSION UNIVERSITY OF WASHINGTON BOX 354090 3924 MONTLAKE BLVD NE SEATTLE WA 98195 916001537 STATE GOV 41251 0 N/A N/A TEMPORAL DYNAMICS OF MICROBIAL AND VIRAL FUNCTION AND ADAPTATION IN HYDROTHERMAL VENTS UNIVERSITY OF CALIFORNIA AT SAN DIEGO 5998 ALCALA PARK SAN DIEGO CA 92110 952544535 STATE GOV 35547 0 N/A N/A DEVELOPMENT OF NOVEL AUGMENTED REALITY TOOL FOR TEACHING MOLECULAR VISUALIZATION IN BIOCHEMISTRY CITY OF NORTHFIELD 801 WASHINGTON STREET NORTHFIELD MN 55057 416005424 MUNICIPAL GOV 85000 0 N/A N/A COMMUNITY ENGAGEMENT NORTHFIELD PUBLIC SCHOOLS 201 ORCHARD ST S NORTHFIELD MN 55057 416008327 MUNICIPAL GOV 1000000 0 N/A N/A SUPPORT CONSTRUCTION OF NEW NORTHFIELD HIGH SCHOOL 8 0 STUDENT SCHOLARSHIPS 1842 68060091 N/A N/A PART I, LINE 2: GRANTS TO ORGANIZATIONS REQUIRE QUARTERLY PROGRAM REPORTING INCLUDING A NARRATIVE AND FINANCIAL SUMMARY THAT IS REVIEWED BY THE PROGRAM DIRECTOR. SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE COLLEGE. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE COLLEGE'S POLICY. SCHEDULE I, PART II, COLUMN (H): NSF SUBAWARD - STEP CENTER/INTEGRATE: INTERDISCIPLINARY TEACHING OF GEOSCIENCE FOR A SUSTAINABLE FUTURE X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 KELSEY DESHLER CHIEF INVESTMENT OFFICER 487980 0 421204 0 16353 0 34500 0 37579 0 997616 0 0 0 ALISON BYERLY PRESIDENT 696304 0 0 0 39795 0 34500 0 92605 0 863204 0 0 0 TIMOTHY GRIFFETH DIRECTOR OF INVESTMENTS 320836 0 186727 0 810 0 33206 0 35272 0 576851 0 0 0 ERIC RUNESTAD VP AND TREASURER 363847 0 0 0 4812 0 34500 0 32932 0 436091 0 0 0 MICHELLE MATTSON PROVOST & VP OF ACADEMIC AFFAIRS 326550 0 0 0 0 0 33201 0 12413 0 372164 0 0 0 CAROLYN H LIVINGSTON VP FOR STUDENT LIFE & DEAN OF STUDEN 248190 0 0 0 810 0 25954 0 81628 0 356582 0 0 0 ART D RODRIGUEZ VP & DEAN OF ADMISSIONS & FINANCIAL 277739 0 0 0 1242 0 29012 0 35944 0 343937 0 0 0 DAREN BATKE VP OF DEVELOPMENT & ALUMNI RELATIONS 282443 0 0 0 21699 0 28500 0 10597 0 343239 0 0 0 MICHAEL T HEMESATH PROFESSOR OF ECONOMICS 218124 0 0 0 25737 0 22982 0 36393 0 303236 0 0 0 ELISE ESLINGER CHIEF OF STAFF 228024 0 0 0 6299 0 24403 0 35060 0 293786 0 0 0 JULIE J NEIWORTH PROFESSOR OF PSYCHOLOGY 187300 0 0 0 49397 0 19020 0 10291 0 266008 0 0 0 JEFF DSIDA ASSOCIATE DIRECTOR OF INVESTMENTS 152916 0 74078 0 432 0 16058 0 12566 0 256050 0 0 0 DAN RUSTAD VP OF EXTERNAL RELATIONS (INTERIM) 183110 0 0 0 17242 0 19367 0 34619 0 254338 0 0 0 STEVEN G POSKANZER PRESIDENT (FORMER) 186970 0 0 0 4191 0 19772 0 25846 0 236779 0 0 0 GRETCHEN E HOFMEISTER DEAN OF THE COLLEGE INTERIM (FORMER) 157583 0 0 0 9764 0 16795 0 25997 0 210139 0 0 0 PART I, LINE 1A ALISON BYERLY: RESIDENCE FOR PERSONAL USE ($56,240) AND HOUSE CLEANING SERVICES ($11,809), NOT INCLUDED IN TAXABLE INCOME AS THE HOUSING ASSIGNMENT IS REQUIRED BY THE COLLEGE AS A CONDITION OF EMPLOYMENT. CAROLYN LIVINGSTON: RESIDENCE FOR PERSONAL USE ($44,255), NOT INCLUDED IN TAXABLE INCOME AS THE HOUSING ASSIGNMENT IS REQUIRED BY THE COLLEGE AS A CONDITION OF EMPLOYMENT. KELSEY DRESHLER: DELTAONE BUSINESS CLASS TRAVEL USE ($9,094) FOR FOREIGN INVESTOR MEETINGS, NOT INCLUDED IN TAXABLE INCOME. TIMOTHY GRIFFETH: DELTAONE BUSINESS CLASS TRAVEL USE ($11,832) FOR FOREIGN INVESTOR MEETINGS, NOT INCLUDED IN TAXABLE INCOME. PART I, LINE 7 INVESTMENT OFFICERS ARE COMPENSATED PER AN INCENTIVE COMPENSATION STRUCTURE DESIGNED TO ALIGN THE PERFORMANCE GOALS OF THE INVESTMENT OFFICE WITH THE NEEDS OF THE COLLEGE. THESE NON-FIXED PAYMENTS DEPEND ON THE ENDOWMENT PORTFOLIO PERFORMANCE. A MN HIGHER EDUCATION FACILITIES AUTHORITY SERIES 2017 410988525 60416H3W2 2017-05-24 124900000 WEITZ CENTER MUSIC ADDITION, SCIENCE COMPLEX CONSTRUCTION, UTILITY 1 0 0 B MN HIGHER EDUCATION FACILITIES AUTHORITY SERIES 2023 410988525 60416JHN3 2023-09-07 60495000 STUDENT HEALTH AND COUNSELING CENTER AND STUDENT HOUSING 1 0 0 A 33135000 139670300 756612 70000000 68913688 1 1 1 1 B 66458054 454531 66000000 3523 2023 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 1 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 0 1 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MN HIGHER EDUCATION FACILITIES AUTHORITY SERIES 2017 DATE THE REBATE COMPUTATION WAS PERFORMED: 04/26/2022 SCHEDULE K, PART I, BOND ISSUES, COLUMN (F) (B) DESCRIPTION OF PURPOSE: WEITZ CENTER MUSIC ADDITION, SCIENCE COMPLEX CONSTRUCTION, UTILITY INFRASTRUCTURE IMPROVEMENTS & ADDITIONS 2000 SCHOLARSHIP NATIONAL MERIT X 77400 APPRAISED X 140 4943996 FMV X INSTRUMENT - VIOLIN 1 5359 APPRAISED 0 0 1 1 PART I, COLUMN (B): COLUMN (B) IS THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE COLLEGE WILL RETAIN AN ATTORNEY FOR NON CASH REAL ESTATE GIFTS, AS NEEDED. FORM 990, PART VI, SECTION A, LINE 1A THE COLLEGE'S EXECUTIVE COMMITTEE INCLUDES THE CHAIR OF EACH BOARD COMMITTEE AND THE PRESIDENT. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE COLLEGE EXCEPT THAT UNLESS SPECIFICALLY EMPOWERED BY THE BOARD OF TRUSTEES TO DO SO, IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, ALTER BYLAWS, REMOVE OR APPOINT THE PRESIDENT OF THE COLLEGE, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED FOR THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PRESENTED THE FORM IN ITS ENTIRETY TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO SUBMITTING IT TO THE IRS. THE FORM 990 IS ALSO INCLUDED ON THE COLLEGE WEBSITE AND PROVIDED WITH THE BOARD MATERIALS FOR ALL BOARD MEMBERS TO REFERENCE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. INTERESTS INCLUDE RELATED PARTY RELATIONSHIPS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES OR OTHER ORGANIZATIONS. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1) THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2) THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTIONS; 3) A COMPETITIVE BID FOR COMPARABLE VALUATION EXISTS; AND 4) THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. INDIVIDUALS WITH AN IDENTIFIED CONFLICT OF INTEREST ARE RESTRICTED IN HOW THEY ARE ALLOWED TO PROCEED WITH THE TRANSACTION. THE INDIVIDUALS ARE ALLOWED TO PARTICIPATE IN THE DISCUSSION, BUT NOT ALLOWED TO VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS DETERMINED ANNUALLY BY CHAIR OF THE BOARD AND REVIEWED BY THE HUMAN RESOURCES SUBCOMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE REVIEW COMPARES DATA FROM 25 OF THE COLLEGE'S PEER INSTITUTIONS, AS WELL AS UTILIZING VARIOUS SALARY SURVEYS. EVERY THIRD YEAR THE COLLEGE USES AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT THE REVIEW. A FORMAL REVIEW OF COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS CONDUCTED ANNUALLY. THE REVIEW COMPARES DATA FROM 25 OF THE COLLEGE'S PEER INSTITUTIONS, AS WELL AS UTILIZING VARIOUS SALARY SURVEYS. THE COLLEGE USES THE PROCESS TO REVIEW THE FOLLOWING POSITIONS: VICE PRESIDENT & TREASURER, VICE PRESIDENT OF DEVELOPMENT AND ALUMNI RELATIONS, VICE PRESIDENT & PROVOST, VICE PRESIDENT & DEAN OF ADMISSIONS, VICE PRESIDENT OF STUDENT LIFE & DEAN OF STUDENTS, CHIEF OF STAFF, VICE PRESIDENT FOR INCLUSION, EQUITY, AND COMMUNITY, VICE PRESIDENT FOR COMMUNICATIONS, AND CHIEF INVESTMENT OFFICER. THE PRESIDENT SUBMITS SALARY RECOMMENDATIONS FOR THE VICE PRESIDENTS, THE CHAIR OF THE INVESTMENT COMMITTEE SUBMITS RECOMMENDATIONS FOR THE CHIEF INVESTMENT OFFICER, & THE CHIEF INVESTMENT OFFICER SUBMITS RECOMMENDATIONS FOR THE DIRECTOR OF INVESTMENTS TO BOTH THE HUMAN RESOURCES SUBCOMMITTEE AND THE EXECUTIVE COMMITTEE FOR APPROVAL. EVERY THIRD YEAR THE COLLEGE USES AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT THE REVIEW. THE PROCESSES DESCRIBED HERE WERE LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 CARLETON'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,702,184. FORM 990, PART XII, LINE 2C: OVERSIGHT AND SELECTION OF AN INDEPENDENT AUDITOR IS A RESPONSIBILITY OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND HAS NOT CHANGED FROM THE PRIOR YEAR. PATRICIA V DAMON SCHOLARSHIP FUND 230 FRONT ST N LACROSSE WI 54601 686229419 TRUST WI 501(C)(3) LINE 12B, II CARLETON COLLEGE 1 S EUGENE BAILEY SCHOLARSHIP TRUST PO BOX 64713 ST PAUL MN 55164 416439914 TRUST MN 501(C)(3) PF CARLETON COLLEGE 1 CHARITABLE REMAINDER TRUSTS (54) ONE NORTH COLLEGE STREET NORTHFIELD MN 55057 CHARITABLE REMAINDER TRUSTS MN CARLETON COLLEGE T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 PATRICIA V DAMON SCHOLARSHIP FUND S 124050 FMV S EUGENE BAILEY SCHOLARSHIP TRUST S 208946 FMV