Form 990 for tax year 2024

Filed by SWARTHMORE COLLEGE.

Totals

Total revenue: $382,192,696
Total expenses: $329,419,722
Contributions and grants received: $32,044,000
Grants paid: $60,525,000
Program service revenue: $142,401,000
Investment income: $198,807,285
Other revenue: $8,940,411
Total assets, end of year: $3,870,675,000
Total liabilities, end of year: $694,607,000
Net assets or fund balances, end of year: $3,176,068,000
Program services expenses (Part IX): $257,619,156
Management and general expenses: $61,863,194
Fundraising expenses: $9,937,372
Program service expenses (Part III): $257,619,156

Program services were 78.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1e · Government grants (contributions)

$11,688,000
1f · All other contributions, gifts and grants

$20,356,000
1g · Noncash contributions included above

$2,755,582
2a · Program service revenue: TUITION & FEES

total $112,049,053 · related or exempt $112,049,053
2b · Program service revenue: ROOM & BOARD

total $30,351,947 · related or exempt $30,351,947
3 · Investment income

total $143,909,123 · unrelated business $6,429,604 · excluded $137,479,519
4 · Income from investment of tax-exempt bond proceeds

total $2,311,188 · excluded $2,311,188
5 · Royalties

total $0 · excluded $0
6a · Gross rents

real property $756,894
6b · Less rental expenses

real property $1,176,278
6c · Rental income or loss

real property -$419,384 · personal property $0
6d · Net rental income or loss

total -$419,384 · excluded -$419,384
7a · Gross sales of assets other than inventory

securities $1,269,413,000
7b · Less cost or other basis and sales expenses

securities $1,216,826,026
7c · Gain or loss

securities $52,586,974
7d · Net gain or loss

total $52,586,974 · unrelated business $4,626,805 · excluded $47,960,169
8a · Fundraising events: gross income

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0
11a · Other revenue: INN AT SWARTHMORE (INN & RESTAURANT)

total $5,189,660 · unrelated business $4,555,902 · excluded $633,758
11b · Other revenue: BOOKSTORE AT SWARTHMORE (AT INN)

total $1,765,513 · unrelated business $494,990 · excluded $1,270,523
11c · Other revenue: SUMMER PROGRAMS

total $120,300 · unrelated business $120,300
11d · All other revenue

total $2,284,322 · excluded $2,284,322
11e · Other revenue, total

$9,359,795

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0
2 · Grants to domestic individuals

total $52,501,422 · program services $52,501,422
3 · Grants to foreign organizations and individuals

total $8,023,578 · program services $8,023,578
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $6,865,097 · program services $2,265,461 · management and general $4,157,029 · fundraising $442,607
6 · Compensation of disqualified persons

total $1,096,659 · program services $0 · management and general $526,655 · fundraising $570,004
7 · Other salaries and wages

total $105,309,661 · program services $85,808,627 · management and general $15,295,755 · fundraising $4,205,279
8 · Pension plan contributions

total $8,846,302 · program services $6,914,975 · management and general $1,549,931 · fundraising $381,396
9 · Other employee benefits

total $19,054,522 · program services $14,085,064 · management and general $4,285,286 · fundraising $684,172
10 · Payroll taxes

total $7,532,765 · program services $5,902,685 · management and general $1,299,553 · fundraising $330,527
11a · Fees: management

total $0
11b · Fees: legal

total $650,423 · program services $0 · management and general $650,423 · fundraising $0
11c · Fees: accounting

total $448,727 · program services $0 · management and general $448,727 · fundraising $0
11d · Fees: lobbying

total $9,817 · program services $0 · management and general $9,817 · fundraising $0
11e · Fees: professional fundraising services

total $61,897 · fundraising $61,897
11f · Fees: investment management

total $6,586,000 · program services $0 · management and general $6,586,000 · fundraising $0
11g · Fees: other

total $11,430,662 · program services $7,353,145 · management and general $3,714,936 · fundraising $362,581
12 · Advertising and promotion

total $96,282 · program services $48,857 · management and general $47,425 · fundraising $0
13 · Office expenses

total $9,477,366 · program services $7,285,637 · management and general $1,931,722 · fundraising $260,007
14 · Information technology

total $7,340,415 · program services $5,541,395 · management and general $1,623,256 · fundraising $175,764
15 · Royalties

total $0
16 · Occupancy

total $3,715,212 · program services $2,860,391 · management and general $743,429 · fundraising $111,392
17 · Travel

total $4,598,231 · program services $3,442,172 · management and general $877,505 · fundraising $278,554
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $3,910,465 · program services $2,439,925 · management and general $746,073 · fundraising $724,467
20 · Interest

total $15,223,133 · program services $11,665,072 · management and general $3,103,578 · fundraising $454,483
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $24,828,104 · program services $18,912,218 · management and general $5,188,493 · fundraising $727,393
23 · Insurance

total $3,019,250 · program services $3,019,250 · management and general $0 · fundraising $0
24a · Other expenses: EQUIP PURCH, RENTAL & MAINT

total $7,754,715 · program services $5,640,261 · management and general $1,987,735 · fundraising $126,719
24b · Other expenses: OFF-CAMPUS STUDY PROGRAMS

total $5,938,651 · program services $5,938,651 · management and general $0 · fundraising $0
24c · Other expenses: FOOD & BEVERAGE (NON-TRAVEL)

total $5,148,320 · program services $5,148,320 · management and general $0 · fundraising $0
24d · Other expenses: ANNUITY PAYMENTS

total $1,675,622 · program services $1,675,622 · management and general $0 · fundraising $0
24e · All other expenses

total $8,276,424 · program services $1,146,428 · management and general $7,089,866 · fundraising $40,130

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $0
2 · Savings and temporary cash investments

beginning of year $77,198,000 · end of year $52,840,000
3 · Pledges and grants receivable

beginning of year $3,311,000 · end of year $3,130,000
4 · Accounts receivable

beginning of year $2,150,000 · end of year $11,179,000
5 · Loans and receivables from officers and key people

beginning of year $192,624 · end of year $202,295
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $5,529,376 · end of year $4,874,705
8 · Inventories for sale or use

beginning of year $511,518 · end of year $503,097
9 · Prepaid expenses and deferred charges

beginning of year $2,413,482 · end of year $2,585,903
10a · Land, buildings and equipment: cost or other basis

$977,771,000
10b · Land, buildings and equipment: accumulated depreciation

$271,449,000
10c · Land, buildings and equipment, net

beginning of year $638,878,000 · end of year $706,322,000
11 · Investments: publicly traded securities

beginning of year $732,297,000 · end of year $656,840,000
12 · Investments: other securities

beginning of year $2,061,783,000 · end of year $2,264,915,000
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $72,602,000 · end of year $167,283,000
17 · Accounts payable and accrued expenses

beginning of year $43,537,000 · end of year $48,717,000
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $2,581,000 · end of year $2,608,000
20 · Tax-exempt bond liabilities

beginning of year $436,961,000 · end of year $583,478,000
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $59,218,000 · end of year $59,804,000
27 · Net assets without donor restrictions

beginning of year $1,292,567,000 · end of year $1,322,718,000
28 · Net assets with donor restrictions

beginning of year $1,762,002,000 · end of year $1,853,350,000

Mission and programs · 2024

Mission

SEE SCHEDULE O

SWARTHMORE IS A CO-EDUCATIONAL COLLEGE OF LIBERAL ARTS AND ENGINEERING DEDICATED TO INTELLECTUAL EXPLORATION, ACCESS, AND EDUCATING FOR THE COMMON GOOD. THE AVERAGE ENROLLMENT FOR FISCAL YEAR 2024-25 WAS 1,702. THERE WERE 191 STUDENTS STUDYING ABROAD. OF THE TOTAL STUDENT POPULATION, 1,459 COME FROM ACROSS THE UNITED STATES WHILE 243 COME FROM OTHER NATIONS. SWARTHMORE'S COMMITMENT TO FINANCIAL AID AND ACCESS IS AT THE CORE OF OUR EDUCATIONAL MISSION. THE COLLEGE STRIVES TO MAKE IT POSSIBLE FOR ALL ADMITTED STUDENTS TO ATTEND SWARTHMORE, REGARDLESS OF THEIR ABILITY TO PAY, AND MEETS 100 PERCENT OF DETERMINED NEED FOR ALL ADMITTED STUDENTS. NEARLY 54 PERCENT OF STUDENTS RECEIVED NEED-BASED SWARTHMORE SCHOLARSHIP AID FROM AN OVERALL FINANCIAL AID EXPENDITURES OF $60 MILLION. SWARTHMORE'S AID AWARDS CONSIST OF GRANTS (WHICH DO NOT NEED TO BE REPAID) AND THE EXPECTATION THAT STUDENTS WILL WORK IN A PART-TIME CAMPUS-BASED JOB. THE COLLEGE'S FINANCIAL AID AWARDS ARE LOAN-FREE. SWARTHMORE'S 425-ACRE ARBORETUM CAMPUS INCLUDES THE CRUM WOODS, A NATURALLY WOODED AREA COMPRISING NEARLY THREE-FIFTHS OF THE COLLEGE'S LAND. IN 2015, THE COLLEGE LAUNCHED ITS ENVIRONMENTAL SUSTAINABILITY FRAMEWORK, A SET OF GUIDELINES FOR CAPITAL PROJECTS AND FACILITIES OPERATIONS THAT INCLUDES SUSTAINABLE BUILDING GUIDELINES AND A PROJECT CHECKLIST. THE FOLLOWING YEAR, THE COLLEGE INSTITUTED A CARBON CHARGE THAT PROVIDES FUNDING FOR CAMPUS INITIATIVES AND PROJECTS THAT INCREASE ENERGY CONSERVATION AND EFFICIENCY AND PROMOTE RENEWABLE ENERGY. SWARTHMORE WAS HONORED TO RECEIVE A 2017 SUSTAINABLE CAMPUS EXCELLENCE AWARD IN THE INNOVATIVE COLLABORATION CATEGORY FROM THE INTERNATIONAL SUSTAINABLE CAMPUS NETWORK FOR OUR CARBON CHARGE PROGRAM. SWARTHMORE COLLEGE IS COMMITTED TO THE PRINCIPLE OF EQUAL OPPORTUNITY FOR ALL QUALIFIED PERSONS, WITHOUT DISCRIMINATION AGAINST ANY PERSON BY REASON OF SEX, RACE, COLOR, AGE, RELIGION, NATIONAL ORIGIN, HANDICAP, OR SEXUAL ORIENTATION. THIS POLICY IS CONSISTENT WITH RELEVANT GOVERNMENTAL STATUES AND REGULATIONS, INCLUDING THOSE PURSUANT TO TITLE IX OF THE FEDERAL EDUCATION AMENDMENTS OF 1972 AND SECTION 504 OF THE FEDERAL REHABILITATION ACT OF 1973.

Expenses $257,619,156 · Grants $60,525,000 · Revenue $142,401,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Valerie SmithVALERIE SMITH

PRES./EX OFFICIO BOARD MEMBER

Total calculated

$1,414,844

From this org

$762,341

From related orgs

$0

Other

$652,503

Hours/week

40

Schedule J breakdown matched by us

Base

$762,341

Bonus

$0

Other

$0

Deferred

$561,853

Nontaxable benefits

$90,650

Filer's total

$1,414,844
Elizabeth Boluch-WoodELIZABETH BOLUCH-WOOD

FRMR VP OF COLLEGE ADVANCE

Total calculated

$821,928

From this org

$802,925

From related orgs

$0

Other

$19,003

Hours/week

40

Schedule J breakdown matched by us

Base

$286,371

Bonus

$0

Other

$516,554

Deferred

$18,411

Nontaxable benefits

$592

Filer's total

$821,928
Robert GoldbergROBERT GOLDBERG

VP FINANCE & ADMIN & TREASURER

Total calculated

$671,401

From this org

$612,367

From related orgs

$0

Other

$59,034

Hours/week

40

Schedule J breakdown matched by us

Base

$562,367

Bonus

$50,000

Other

$0

Deferred

$34,500

Nontaxable benefits

$24,534

Filer's total

$671,401
Frank C GrunseichFRANK C GRUNSEICH

CHIEF INVESTMENT OFFICER

Total calculated

$632,569

From this org

$551,123

From related orgs

$0

Other

$81,446

Hours/week

40

Schedule J breakdown matched by us

Base

$551,123

Bonus

$0

Other

$0

Deferred

$34,500

Nontaxable benefits

$46,946

Filer's total

$632,569
Tomoko SakomuraTOMOKO SAKOMURA

PROVOST & DEAN (UNTIL 08/24)

Total calculated

$493,125

From this org

$430,517

From related orgs

$0

Other

$62,608

Hours/week

40

Schedule J breakdown matched by us

Base

$380,517

Bonus

$50,000

Other

$0

Deferred

$32,434

Nontaxable benefits

$30,174

Filer's total

$493,125
Thomas HunterTHOMAS HUNTER

PROFESSOR

Total calculated

$450,448

From this org

$431,454

From related orgs

$0

Other

$18,994

Hours/week

40

Schedule J breakdown matched by us

Base

$51,734

Bonus

$0

Other

$379,720

Deferred

$5,528

Nontaxable benefits

$13,466

Filer's total

$450,448
Andrew HirschANDREW HIRSCH

VP FOR COMMUNICATIONS

Total calculated

$406,506

From this org

$344,932

From related orgs

$0

Other

$61,574

Hours/week

40

Schedule J breakdown matched by us

Base

$309,932

Bonus

$35,000

Other

$0

Deferred

$30,999

Nontaxable benefits

$30,575

Filer's total

$406,506
James L Bock IIIJAMES L BOCK III

VP AND DEAN OF ADMISSIONS

Total calculated

$402,471

From this org

$310,650

From related orgs

$0

Other

$91,821

Hours/week

40

Schedule J breakdown matched by us

Base

$285,650

Bonus

$25,000

Other

$0

Deferred

$29,290

Nontaxable benefits

$62,531

Filer's total

$402,471
Sharmaine Bradham Lamar EsqSHARMAINE BRADHAM LAMAR ESQ

GENERAL COUNSEL

Total calculated

$365,181

From this org

$288,859

From related orgs

$0

Other

$76,322

Hours/week

40

Schedule J breakdown matched by us

Base

$253,859

Bonus

$35,000

Other

$0

Deferred

$25,926

Nontaxable benefits

$50,396

Filer's total

$365,181
Stephanie IvesSTEPHANIE IVES

VP FOR STUDENT AFFAIRS

Total calculated

$360,566

From this org

$318,990

From related orgs

$0

Other

$41,576

Hours/week

40

Schedule J breakdown matched by us

Base

$283,990

Bonus

$35,000

Other

$0

Deferred

$26,976

Nontaxable benefits

$14,600

Filer's total

$360,566
Renee AtkinsonRENEE ATKINSON

ASSOCIATE VP GIFT PLANNING

Total calculated

$359,297

From this org

$305,910

From related orgs

$0

Other

$53,387

Hours/week

40

Schedule J breakdown matched by us

Base

$295,910

Bonus

$10,000

Other

$0

Deferred

$29,523

Nontaxable benefits

$23,864

Filer's total

$359,297
Beth GlassmanBETH GLASSMAN

VP HUMAN RESOURCES

Total calculated

$354,428

From this org

$296,461

From related orgs

$0

Other

$57,967

Hours/week

40

Schedule J breakdown matched by us

Base

$271,461

Bonus

$25,000

Other

$0

Deferred

$27,392

Nontaxable benefits

$30,575

Filer's total

$354,428
S Brooke VickS BROOKE VICK

VP FOR DEI

Total calculated

$341,968

From this org

$290,103

From related orgs

$0

Other

$51,865

Hours/week

40

Schedule J breakdown matched by us

Base

$255,103

Bonus

$35,000

Other

$0

Deferred

$21,333

Nontaxable benefits

$30,532

Filer's total

$341,968
Erin Brownlee DellERIN BROWNLEE DELL

CHIEF OF STAFF & SECRETARY

Total calculated

$333,769

From this org

$270,494

From related orgs

$0

Other

$63,275

Hours/week

40

Schedule J breakdown matched by us

Base

$235,494

Bonus

$35,000

Other

$0

Deferred

$23,900

Nontaxable benefits

$39,375

Filer's total

$333,769
Ying HanYING HAN

DIRECTOR OF INVESTMENTS

Total calculated

$330,041

From this org

$300,444

From related orgs

$0

Other

$29,597

Hours/week

40

Schedule J breakdown matched by us

Base

$300,444

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$29,597

Filer's total

$330,041
Andrew FeickANDREW FEICK

FORMER CO-INTERIM VP FIN&ADMIN

Total calculated

$327,006

From this org

$270,989

From related orgs

$0

Other

$56,017

Hours/week

40

Schedule J breakdown matched by us

Base

$250,989

Bonus

$20,000

Other

$0

Deferred

$25,500

Nontaxable benefits

$30,517

Filer's total

$327,006
Anthony CoschignanoANTHONY COSCHIGNANO

ASSOCIATE VP CAMPUS SVCS

Total calculated

$324,499

From this org

$272,583

From related orgs

$0

Other

$51,916

Hours/week

40

Schedule J breakdown matched by us

Base

$207,583

Bonus

$65,000

Other

$0

Deferred

$21,471

Nontaxable benefits

$30,445

Filer's total

$324,499
Donna Jo NapoliDONNA JO NAPOLI

PROFESSOR

Total calculated

$295,685

From this org

$261,472

From related orgs

$0

Other

$34,213

Hours/week

40

Schedule J breakdown matched by us

Base

$261,472

Bonus

$0

Other

$0

Deferred

$25,544

Nontaxable benefits

$8,669

Filer's total

$295,685
Kathleen HowardKATHLEEN HOWARD

PROVOST & DEAN (AS OF 09/24)

Total calculated

$286,168

From this org

$209,923

From related orgs

$0

Other

$76,245

Hours/week

40

Schedule J breakdown matched by us

Base

$209,923

Bonus

$0

Other

$0

Deferred

$20,506

Nontaxable benefits

$55,739

Filer's total

$286,168
Jason ParkhillJASON PARKHILL

CHIEF INFORMATION OFFICER

Total calculated

$285,808

From this org

$217,518

From related orgs

$0

Other

$68,290

Hours/week

40

Schedule J breakdown matched by us

Base

$217,518

Bonus

$0

Other

$0

Deferred

$21,471

Nontaxable benefits

$46,819

Filer's total

$285,808
Alice TurbivilleALICE TURBIVILLE

AVP FINANCE & ASST TREASURER

Total calculated

$239,900

From this org

$196,545

From related orgs

$0

Other

$43,355

Hours/week

40

Schedule J breakdown matched by us

Base

$196,545

Bonus

$0

Other

$0

Deferred

$19,642

Nontaxable benefits

$23,713

Filer's total

$239,900
Robin Huntingdon ShoresROBIN HUNTINGDON SHORES

ASSISTANT SECRETARY

Total calculated

$220,365

From this org

$177,895

From related orgs

$0

Other

$42,470

Hours/week

40

Schedule J breakdown matched by us

Base

$177,895

Bonus

$0

Other

$0

Deferred

$18,163

Nontaxable benefits

$24,307

Filer's total

$220,365
Bradley KochBRADLEY KOCH

DIRECTOR OF ATHLETICS

Total calculated

$218,662

From this org

$198,105

From related orgs

$0

Other

$20,557

Hours/week

40

Schedule J breakdown matched by us

Base

$198,105

Bonus

$0

Other

$0

Deferred

$19,727

Nontaxable benefits

$830

Filer's total

$218,662
Sarah PearsonSARAH PEARSON

VP FR ADVANCEMENT

Total calculated

$192,425

From this org

$192,005

From related orgs

$0

Other

$420

Hours/week

40

Schedule J breakdown matched by us

Base

$192,005

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$420

Filer's total

$192,425
Carrie DiennaCARRIE DIENNA

FORMER ACTING ASST TREASURER

Total calculated

$187,441

From this org

$169,731

From related orgs

$0

Other

$17,710

Hours/week

40

Schedule J breakdown matched by us

Base

$169,731

Bonus

$0

Other

$0

Deferred

$16,908

Nontaxable benefits

$802

Filer's total

$187,441
Leslie AbbeyLESLIE ABBEY

TRUSTEE

Total calculated

$0

Hours/week

4
William BouldingWILLIAM BOULDING

TRUSTEE

Total calculated

$0

Hours/week

4
David G BradleyDAVID G BRADLEY

TRUSTEE

Total calculated

$0

Hours/week

2
John P ChenJOHN P CHEN

TRUSTEE

Total calculated

$0

Hours/week

4
Thom CollinsTHOM COLLINS

TRUSTEE

Total calculated

$0

Hours/week

2
Sean DecaturSEAN DECATUR

TRUSTEE

Total calculated

$0

Hours/week

4
Elizabeth EconomyELIZABETH ECONOMY

TRUSTEE

Total calculated

$0

Hours/week

4
Liz Haskin FernaldLIZ HASKIN FERNALD

TRUSTEE

Total calculated

$0

Hours/week

4
Lauren C GlantLAUREN C GLANT

TRUSTEE

Total calculated

$0

Hours/week

4
Michel GlouchevitchMICHEL GLOUCHEVITCH

TRUSTEE

Total calculated

$0

Hours/week

2
S Leslie JewettS LESLIE JEWETT

TRUSTEE

Total calculated

$0

Hours/week

2
Ayanna JohnsonAYANNA JOHNSON

TRUSTEE/EX OFFICIO BOARD MBR

Total calculated

$0

Hours/week

2
Eleanor JosephELEANOR JOSEPH

TRUSTEE

Total calculated

$0

Hours/week

2
Jaky JosephJAKY JOSEPH

TRUSTEE

Total calculated

$0

Hours/week

4
Harold KalksteinHAROLD KALKSTEIN

CHAIR

Total calculated

$0

Hours/week

6
Michel KaufmanMICHEL KAUFMAN

TRUSTEE

Total calculated

$0

Hours/week

2
Paul KuenstnerPAUL KUENSTNER

TRUSTEE

Total calculated

$0

Hours/week

2
Lucy LangLUCY LANG

TRUSTEE

Total calculated

$0

Hours/week

4
Edgar LeeEDGAR LEE

TRUSTEE

Total calculated

$0

Hours/week

4
Cindi LeiveCINDI LEIVE

TRUSTEE

Total calculated

$0

Hours/week

2
Sabrina MartinezSABRINA MARTINEZ

TRUSTEE

Total calculated

$0

Hours/week

4
Corey MulloyCOREY MULLOY

TRUSTEE

Total calculated

$0

Hours/week

2
Nicole O'Dell OdimNICOLE O'DELL ODIM

TRUSTEE

Total calculated

$0

Hours/week

4
Cathyrn PolinskyCATHYRN POLINSKY

TRUSTEE

Total calculated

$0

Hours/week

2
Asahi PompeyASAHI POMPEY

TRUSTEE

Total calculated

$0

Hours/week

2
Dawn PorterDAWN PORTER

TRUSTEE

Total calculated

$0

Hours/week

2
Dorothy RobinsonDOROTHY ROBINSON

TRUSTEE

Total calculated

$0

Hours/week

4
Melissa RoseMELISSA ROSE

TRUSTEE

Total calculated

$0

Hours/week

2
Antoinette SayehANTOINETTE SAYEH

TRUSTEE

Total calculated

$0

Hours/week

2
Anne SchuchatANNE SCHUCHAT

TRUSTEE

Total calculated

$0

Hours/week

4
Gustavo SchwedGUSTAVO SCHWED

TRUSTEE

Total calculated

$0

Hours/week

4
Stephen SellSTEPHEN SELL

TRUSTEE

Total calculated

$0

Hours/week

4
Gaurav SethGAURAV SETH

TRUSTEE

Total calculated

$0

Hours/week

4
Salem D ShuchmanSALEM D SHUCHMAN

TRUSTEE

Total calculated

$0

Hours/week

2
James SnipesJAMES SNIPES

TRUSTEE

Total calculated

$0

Hours/week

4
Thomas E SpockTHOMAS E SPOCK

TRUSTEE

Total calculated

$0

Hours/week

2
Sujatha A SrinivasanSUJATHA A SRINIVASAN

VICE-CHAIR

Total calculated

$0

Hours/week

6
Bryan WolfBRYAN WOLF

TRUSTEE

Total calculated

$0

Hours/week

2
Brian WongBRIAN WONG

TRUSTEE

Total calculated

$0

Hours/week

2
Winston ZeeWINSTON ZEE

TRUSTEE

Total calculated

$0

Hours/week

4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · First-class or charter travel
1a · Travel for companions
1a · Tax indemnification and gross-up payments
1a · Housing allowance or residence for personal use
1a · Health or social club dues or initiation fees
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Independent compensation consultant
3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
7 · Other non-fixed payments

Answered no

4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, LINE 1A: DETAIL OF ADDITIONAL BENEFITS PROVIDED FIRST CLASS TRAVEL IN GENERAL, IT IS THE COLLEGE'S POLICY THAT FIRST CLASS TRAVEL IS NOT AUTHORIZED FOR COLLEGE EMPLOYEES TRAVELING ON COLLEGE BUSINESS. HOWEVER, IN RECOGNITION THAT THE PRESIDENT TYPICALLY WORKS DURING FLIGHTS, ATTENDS DIRECTLY TO BUSINESS UPON ARRIVAL, AND CANNOT SCHEDULE IN TIME FOR ADEQUATE REST, THE BOARD OF MANAGERS HAS APPROVED THE USE OF FIRST CLASS TRAVEL FOR THE PRESIDENT ON DOMESTIC AND INTERNATIONAL FLIGHTS OVER THREE HOURS IN LENGTH. THIS POLICY EXTENDS TO THE PRESIDENT'S SPOUSE WHEN HE OR SHE ACCOMPANIES THE PRESIDENT ON BUSINESS TRAVEL. FOR ALL OTHER EMPLOYEES (FACULTY AND STAFF), FIRST CLASS TRAVEL MUST BE PRE-APPROVED BY THE PRESIDENT OR THEIR DESIGNATE. TRAVEL FOR COMPANIONS IN CERTAIN AUTHORIZED CIRCUMSTANCES THE COLLEGE WILL PAY, OR WILL REIMBURSE, FOR THE TRAVEL, MEALS AND EXPENSES OF THE SPOUSE/PARTNER OF AN EMPLOYEE UNDER THE COLLEGE'S ACCOUNTABLE PLAN. REIMBURSEMENTS ARE CONSIDERED TAXABLE INCOME TO THE EMPLOYEE UNLESS THE COMPANION TRAVEL IS: 1) FOR A BONA FIDE BUSINESS PURPOSE, 2) DIRECTLY BENEFITS THE COLLEGE, AND 3) IS PROPERLY DOCUMENTED AND APPROVED. ANY SPOUSE/PARTNER TRAVEL OTHER THAN THE PRESIDENT MUST BE APPROVED, IN ADVANCE, BY THE PRESIDENT OR THEIR DESIGNATE. TAX GROSS-UP PAYMENTS RETIREMENT PAYMENTS TO EMPLOYEES MAY INCLUDE A GROSS-UP FOR A PORTION OF THE BENEFITS PAID. RESIDENCE REQUIREMENT AS A CONDITION OF EMPLOYMENT, THE PRESIDENT AND DEAN OF STUDENTS MAINTAINED THEIR FULL TIME RESIDENCE IN COLLEGE-PROVIDED HOUSING AND USED THE RESIDENCE FOR COLLEGE BUSINESS AND ENTERTAINMENT PURPOSES. SOCIAL CLUB DUES MEMBERSHIP DUES WERE PROVIDED TO TWO CLUBS. THE YALE CLUB (IN NEW YORK) AND THE PENN CLUB (IN PHILADELPHIA) AND ARE TO BE USED, PRIMARILY, FOR BUSINESS PURPOSES. --------------------
SCHEDULE J, PART I, LINE 4A: ELIZABETH BOLUCH-WOOD - OTHER REPORTABLE COMPENSATION FIGURE WAS A SEVERANCE PAYMENT. --------------------
SCHEDULE J, PART I, LINE 4B: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPATION SWARTHMORE COLLEGE (THE "COLLEGE") MAINTAINS A SUPPLEMENTAL EXECUTIVE IRC SECTION 457(F) RETIREMENT PLAN ("SERP") DESIGNED FOR THE PRESIDENT OF THE COLLEGE. VESTING IN THE SERP WILL OCCUR IF THE PRESIDENT REMAINS AT THE COLLEGE THROUGH JUNE 30, 2026 (OR DEATH OR PERMANENT DISABILITY PRIOR TO THEN). THERE WERE NO DISTRIBUTIONS MADE FROM THE SERP PLAN FOR THE JUNE 30, 2025 TAX YEAR. --------------------
SCHEDULE J, PART I, LINE 7: CERTAIN INDIVIDUALS RECEIVED APPROVED DISCRETIONARY BONUSES AND/OR INCENTIVE COMPENSATION. --------------------
SCHEDULE J, PART II: ADDITIONAL INFORMATION ALL DEFERRED COMPENSATION FIGURES REPORTED ON PART II, COLUMN C, INCLUDE EMPLOYER CONTRIBUTIONS TO A QUALIFIED RETIREMENT PLAN. VALERIE SMITH - NON-TAXABLE BENEFITS FIGURE INCLUDES A HOUSING ALLOWANCE. SEE "RESIDENCE REQUIREMENT" ABOVE. VALERIE SMITH - DEFERRED COMPENSATION ALSO INCLUDES ACCRUED LEAVE COMPENSATION AND BENEFITS. VALERIE SMITH - DEFERRED COMPENSATION ALSO INCLUDES 457(B) COMPENSATION. THOMAS HUNTER - OTHER REPORTABLE COMPENSATION FIGURE WAS AN EARLY RETIREMENT PAYMENT. ----------------

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

PARRISH LLC

INN/RESTAURNT · PA · income $5,202,971 · assets -$899,418

Directly controlled by SWARTHMORE

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

HIGHLAND CAPITAL PARTNERS VIII

EXCULDED FROM TAX · INVESTMENTS · MA · 65.333% owned · share of income -$1,829 · share of assets $948,827

Directly controlled by SWARTHMORE
THE VARDE ASIA CREDIT FUND II LP

EXCULDED FROM TAX · INVESTMENTS · MN · 91.463% owned · share of income $1,028,987 · share of assets $6,226,915

Directly controlled by SWARTHMORE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

MARJAY PRODUCTIONS INC

C CORPORATION · LITERARY WORK · DE · 100% owned · share of income $186,828 · share of assets $34,251 · controlled entity

Directly controlled by SWARTHMORE
CHARITABLE REMAINDER ANNUITY TRUSTS

TRUST · N/A · PA

Directly controlled by NA
CHARITABLE REMAINDER UNITRUSTS

TRUST · N/A · PA

Directly controlled by NA
NET INC CHARITABLE REMAINDER UNITRUSTs

TRUST · N/A · PA

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2024
Filed: 23 April 2026
IRS schema version: 2024v5.2
Source object: 202621319349304407

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