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Nonprofiteer
← WHITMAN COLLEGE BOARD OF TRUSTEES

Form 990 for tax year 2023

Filed by WHITMAN COLLEGE BOARD OF TRUSTEES.

Totals

Total revenue
$169,289,094
Total expenses
$170,171,725
Contributions and grants received
$31,060,755
Grants paid
$48,081,812
Program service revenue
$107,622,875
Investment income
$29,196,087
Other revenue
$1,409,377
Total assets, end of year
$1,127,657,156
Total liabilities, end of year
$154,507,588
Net assets or fund balances, end of year
$973,149,568
Program services expenses (Part IX)
$136,128,247
Management and general expenses
$29,466,309
Fundraising expenses
$4,577,169
Program service expenses (Part III)
$136,128,247

Program services were 80.0% 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)

    $2,692,417

  • 1f · All other contributions, gifts and grants

    $28,368,338

  • 1g · Noncash contributions included above

    $1,672,038

  • 2a · Program service revenue: STUDENT TUITION & FEES

    total $92,883,472 · related or exempt $92,883,472

  • 2b · Program service revenue: HOUSING & MEAL SERVICE

    total $12,516,737 · related or exempt $12,516,737

  • 2c · Program service revenue: MISCELLANEOUS INCOME

    total $2,190,082 · related or exempt $2,027,413 · unrelated business $162,669

  • 2d · Program service revenue: AUXILIARY

    total $32,584 · related or exempt $32,584

  • 3 · Investment income

    total $15,220,233 · unrelated business $3,533,201 · excluded $11,687,032

  • 5 · Royalties

    total $4,027 · excluded $4,027

  • 6a · Gross rents

    real property $3,090,869

  • 6b · Less rental expenses

    real property $1,685,519

  • 6c · Rental income or loss

    real property $1,405,350

  • 6d · Net rental income or loss

    total $1,405,350 · excluded $1,405,350

  • 7a · Gross sales of assets other than inventory

    securities $129,865,717

  • 7b · Less cost or other basis and sales expenses

    securities $115,889,863

  • 7c · Gain or loss

    securities $13,975,854

  • 7d · Net gain or loss

    total $13,975,854 · excluded $13,975,854

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $42,787,121 · program services $42,787,121

  • 3 · Grants to foreign organizations and individuals

    total $5,294,691 · program services $5,294,691

  • 5 · Compensation of officers, directors and key employees

    total $2,823,473 · program services $1,113,551 · management and general $1,309,690 · fundraising $400,232

  • 6 · Compensation of disqualified persons

    total $105,826 · program services $14,000 · management and general $91,826

  • 7 · Other salaries and wages

    total $40,367,662 · program services $34,041,392 · management and general $4,518,618 · fundraising $1,807,652

  • 8 · Pension plan contributions

    total $3,658,765 · program services $2,904,955 · management and general $566,845 · fundraising $186,965

  • 9 · Other employee benefits

    total $7,942,748 · program services $6,306,315 · management and general $1,230,554 · fundraising $405,879

  • 10 · Payroll taxes

    total $3,077,737 · program services $2,443,635 · management and general $476,828 · fundraising $157,274

  • 11b · Fees: legal

    total $471,318 · management and general $471,318

  • 11c · Fees: accounting

    total $145,565 · management and general $145,565

  • 11d · Fees: lobbying

    total $5,790 · management and general $5,790

  • 11f · Fees: investment management

    total $14,770,814 · management and general $14,770,814

  • 11g · Fees: other

    total $19,369,717 · program services $18,565,653 · management and general $266,623 · fundraising $537,441

  • 13 · Office expenses

    total $135,235 · program services $125,335 · management and general $7,299 · fundraising $2,601

  • 14 · Information technology

    total $2,089,012 · program services $170,909 · management and general $1,726,293 · fundraising $191,810

  • 15 · Royalties

    total $1,988 · program services $1,988

  • 16 · Occupancy

    total $3,103,854 · program services $2,917,623 · management and general $186,231

  • 17 · Travel

    total $5,571,899 · program services $4,156,421 · management and general $792,996 · fundraising $622,482

  • 19 · Conferences, conventions and meetings

    total $49,418 · management and general $49,418

  • 20 · Interest

    total $2,100,641 · program services $1,974,603 · management and general $126,038

  • 22 · Depreciation, depletion and amortization

    total $8,144,926 · program services $7,656,230 · management and general $488,696

  • 23 · Insurance

    total $966,090 · management and general $966,090

  • 24a · Other expenses: SUPPLIES

    total $5,529,954 · program services $4,501,142 · management and general $1,028,812

  • 24b · Other expenses: COMMUNICATIONS

    total $1,092,152 · program services $888,024 · management and general $150,236 · fundraising $53,892

  • 24c · Other expenses: PRINTING & PUBLICATION

    total $406,193 · program services $135,398 · management and general $67,699 · fundraising $203,096

  • 24d · Other expenses: POSTAGE & SHIPPING

    total $159,136 · program services $129,261 · management and general $22,030 · fundraising $7,845

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,236,501 · end of year $2,814,882

  • 2 · Savings and temporary cash investments

    beginning of year $48,496,022 · end of year $68,564,399

  • 3 · Pledges and grants receivable

    beginning of year $23,771,280 · end of year $27,914,752

  • 4 · Accounts receivable

    beginning of year $720,592 · end of year $719,926

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,167,137 · end of year $834,641

  • 10a · Land, buildings and equipment: cost or other basis

    $314,020,561

  • 10b · Land, buildings and equipment: accumulated depreciation

    $130,136,911

  • 10c · Land, buildings and equipment, net

    beginning of year $173,015,011 · end of year $183,883,650

  • 11 · Investments: publicly traded securities

    beginning of year $403,217,746 · end of year $454,004,518

  • 12 · Investments: other securities

    beginning of year $362,920,661 · end of year $386,159,808

  • 13 · Investments: program-related

    beginning of year $576,632 · end of year $301,600

  • 15 · Other assets

    beginning of year $1,154,870 · end of year $2,458,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,011,241 · end of year $10,853,058

  • 18 · Grants payable

    beginning of year $682,298 · end of year $1,407,696

  • 19 · Deferred revenue

    beginning of year $1,680,131 · end of year $1,451,777

  • 20 · Tax-exempt bond liabilities

    beginning of year $76,625,999 · end of year $111,607,145

  • 25 · Other liabilities

    beginning of year $28,856,422 · end of year $29,187,912

  • 27 · Net assets without donor restrictions

    beginning of year $354,254,214 · end of year $390,661,194

  • 28 · Net assets with donor restrictions

    beginning of year $542,166,147 · end of year $582,488,374

Mission and programs · 2023

Mission

THE MISSION OF WHITMAN COLLEGE IS TO PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION OF THE HIGHEST QUALITY TO PASSIONATE AND ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS. WHITMAN STUDENTS DEVELOP THEIR INTELLECTUAL AND CREATIVE CAPACITIES IN A SUPPORTIVE SCHOLARLY COMMUNITY THAT PRIORITIZES STUDENT LEARNING WITHIN AND BEYOND THE CLASSROOM.

Activities or mission (Part I)

PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION TO PASSIONATE, ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS.

  • TO PROVIDE ACADEMIC INSTRUCTION, SUPPORT AND OTHER PROGRAMS TO ALL WHITMAN COLLEGE STUDENTS, INCLUDING 1,424 FULL-YEAR UNDUPLICATED FULL TIME EQUIVALENT STUDENTS AND 299 GRADUATED STUDENTS.

    Expenses $72,803,014 · Revenue $94,910,885

  • TO PROVIDE STUDENTS WITH SERVICES INCLUDING FINANCIAL AID ASSISTANCE, COUNSELING, INTERNSHIPS, JOB PLACEMENT, INSTRUCTIONAL SCHOLARSHIPS, AND FEDERAL LOANS OR GRANTS. DURING THE FISCAL YEAR, 1,471 STUDENTS RECEIVED INSTRUCTIONAL SCHOLARSHIPS AND 899 STUDENTS RECEIVED FEDERAL LOANS OR GRANTS.

    Expenses $48,081,812 · Grants $48,081,812

  • TO PROVIDE STUDENTS WITH AUXILIARY SERVICES. DURING THE FISCAL YEAR, 896 STUDENTS WERE HOUSED IN COLLEGE-PROVIDED HOUSING AND 853 STUDENTS PARTICIPATED IN COLLEGE-PROVIDED BOARD PLANS.

    Expenses $15,243,421 · Revenue $12,549,321

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sarah R Bolton

    PRESIDENT

    Total calculated
    $589,112
    From this org
    $521,002
    From related orgs
    $0
    Other
    $68,110
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $491,148
    Bonus
    $0
    Other
    $29,854
    Deferred
    $31,224
    Nontaxable benefits
    $36,886
    Filer's total
    $589,112

  • Kaziputalimba Joshua

    VP STUDENT AFFAIRS/DEAN OF STUDENTS

    Total calculated
    $327,721
    From this org
    $203,347
    From related orgs
    $0
    Other
    $124,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,347
    Bonus
    $0
    Other
    $6,000
    Deferred
    $21,243
    Nontaxable benefits
    $103,131
    Filer's total
    $327,721

  • Steven J Setchell

    VP DEVELOPMENT AND ALUMNI RELATIONS

    Total calculated
    $316,766
    From this org
    $279,212
    From related orgs
    $0
    Other
    $37,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,468
    Bonus
    $0
    Other
    $24,744
    Deferred
    $27,798
    Nontaxable benefits
    $9,756
    Filer's total
    $316,766

  • Alzada Tipton

    PROVOST AND DEAN OF FACULTY

    Total calculated
    $295,621
    From this org
    $244,712
    From related orgs
    $0
    Other
    $50,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,712
    Bonus
    $0
    Other
    $0
    Deferred
    $25,361
    Nontaxable benefits
    $25,548
    Filer's total
    $295,621

  • Adam Miller

    VP FOR ADMISSION & FINANCIAL AID

    Total calculated
    $224,526
    From this org
    $177,190
    From related orgs
    $0
    Other
    $47,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,690
    Bonus
    $0
    Other
    $22,500
    Deferred
    $18,988
    Nontaxable benefits
    $28,348
    Filer's total
    $224,526

  • John Johnson

    VP DIVERSITY AND INCLUSION

    Total calculated
    $220,975
    From this org
    $191,972
    From related orgs
    $0
    Other
    $29,003
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,972
    Bonus
    $0
    Other
    $6,000
    Deferred
    $19,247
    Nontaxable benefits
    $9,756
    Filer's total
    $220,975

  • David J Hamrick

    CHIEF FINANCIAL OFFICER

    Total calculated
    $217,843
    From this org
    $196,640
    From related orgs
    $0
    Other
    $21,203
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $173,281
    Bonus
    $0
    Other
    $23,359
    Deferred
    $17,138
    Nontaxable benefits
    $4,065
    Filer's total
    $217,843

  • Dan Terrio

    CHIEF INFORMATION OFFICER

    Total calculated
    $217,682
    From this org
    $180,170
    From related orgs
    $0
    Other
    $37,512
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,170
    Bonus
    $0
    Other
    $0
    Deferred
    $18,576
    Nontaxable benefits
    $18,936
    Filer's total
    $217,682

  • Patrick Spencer

    FACULTY

    Total calculated
    $212,170
    From this org
    $181,695
    From related orgs
    $0
    Other
    $30,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,695
    Bonus
    $0
    Other
    $0
    Deferred
    $18,215
    Nontaxable benefits
    $12,260
    Filer's total
    $212,170

  • Gina Ohnstad

    VP FOR COMMUNICATIONS

    Total calculated
    $198,591
    From this org
    $171,608
    From related orgs
    $0
    Other
    $26,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,608
    Bonus
    $0
    Other
    $0
    Deferred
    $17,227
    Nontaxable benefits
    $9,756
    Filer's total
    $198,591

  • Scott Kleinheksel

    ASSOCIATE VP FOR DEVELOPMENT

    Total calculated
    $198,482
    From this org
    $171,498
    From related orgs
    $0
    Other
    $26,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,498
    Bonus
    $0
    Other
    $0
    Deferred
    $17,228
    Nontaxable benefits
    $9,756
    Filer's total
    $198,482

  • Helen Kim

    ASSOCIATE DEAN/ACADEMIC AFFAIRS

    Total calculated
    $190,372
    From this org
    $153,938
    From related orgs
    $0
    Other
    $36,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,938
    Bonus
    $0
    Other
    $0
    Deferred
    $16,164
    Nontaxable benefits
    $20,270
    Filer's total
    $190,372

  • Kimberly Chandler

    DIRECTOR OF ATHLETICS, DEP

    Total calculated
    $176,396
    From this org
    $160,449
    From related orgs
    $0
    Other
    $15,947
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,449
    Bonus
    $0
    Other
    $0
    Deferred
    $15,947
    Nontaxable benefits
    $0
    Filer's total
    $176,396

  • Patrick Keef

    FACULTY

    Total calculated
    $175,950
    From this org
    $157,004
    From related orgs
    $0
    Other
    $18,946
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,004
    Bonus
    $0
    Other
    $0
    Deferred
    $6,690
    Nontaxable benefits
    $12,256
    Filer's total
    $175,950

  • Peter W Harvey

    CHIEF FINANCIAL OFFICER (THRU 05/23)

    Total calculated
    $151,680
    From this org
    $121,507
    From related orgs
    $0
    Other
    $30,173
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $115,057
    Bonus
    $0
    Other
    $6,450
    Deferred
    $11,558
    Nontaxable benefits
    $18,615
    Filer's total
    $151,680

  • Joseph C Davis

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dana Reid

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Danielle Garbe Reser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Kajita

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gordon Keane Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Peter Lewis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Leigh Ann Lucero

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marshal McReal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nathanial Miles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tricia Putnam Montegomery

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William R Neff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charles Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Obershaw

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Aaron Perrine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charley Rosenberry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nancy Serrurier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Drew Shoals

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Sposato

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sarah Wang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ann Watson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Court Wyckoff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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 · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE COLLEGE PRESIDENT IS REQUIRED, AS A CONDITION OF EMPLOYMENT, TO PROPERLY PERFORM THEIR DUTIES AND FOR THE CONVENIENCE AND SUBSTANTIAL BUSINESS REASONS OF THE COLLEGE, TO MAINTAIN THEIR PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE COLLEGE. THIS HOUSE IS LOCATED ON THE EDGE OF THE CAMPUS. THE PRESIDENT'S PERSONAL RESIDENCE (OWNED BY THE COLLEGE) IS PROVIDED CLEANING SERVICES, YARD CARE, AND GARBAGE SERVICES BY THE COLLEGE. THE AMOUNTS PAID FOR BY THE COLLEGE AND ALLOCATED TO PERSONAL BENEFIT WERE INCLUDED IN THE PRESIDENT'S W-2 AS TAXABLE COMPENSATION.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Related corporations and trusts

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

  • CHARITABLE LEAD ANNUITY TRUST (1)

    HOLDINGS · WA

  • CHARITABLE REMAINDER TRUSTS (29)

    HOLDINGS · WA

  • POOLED INCOME FUNDS (2)

    HOLDINGS · WA

Provenance

Return type
form_990
Tax year
2023
Filed
1 April 2025
IRS schema version
2023v6.0
Source object
202500989349301555

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