Civic Intelligence

Kenyon College

990 • Fiscal year 2018 • EIN 31-4379507

Jul 01, 2017 to Jun 30, 2018 • Filed on May 01, 2019

Eaton CenterGambier, OH 43022

(740) 427-5181

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

51st percentile

0.33x

Higher debt load relative to assets than 51% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

82nd percentile

1.32x

Higher debt load relative to revenue than 82% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Net Margin

89th percentile

34%

Higher net margin than 89% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

35th percentile

$601,217

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Asset Growth

91st percentile

23%

Faster asset growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

24%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Assets

Up

$892,859,197

Up $218,535,891 (+32%) from 2016

Net Assets

Up

$595,998,951

Up $143,000,219 (+32%) from 2016

Liabilities

Up

$296,860,246

Up $75,535,672 (+34%) from 2016

Revenue

Up

$224,794,376

Up $68,049,074 (+43%) from 2016

Expenses

Up

$148,162,435

Up $10,068,549 (+7.3%) from 2016

Net Income

Up

$76,631,941

Up $57,980,525 (+311%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0Assets 2010: $599,206,446Liabilities 2010: $216,469,195Net Assets 2010: $382,737,2512010Assets 2011: $639,158,214Liabilities 2011: $219,353,685Net Assets 2011: $419,804,5292011Assets 2012: $641,361,192Liabilities 2012: $222,741,857Net Assets 2012: $418,619,3352012Assets 2013: $650,800,475Liabilities 2013: $218,068,511Net Assets 2013: $432,731,9642013Assets 2016: $674,323,306Liabilities 2016: $221,324,574Net Assets 2016: $452,998,7322016Assets 2018: $892,859,197Liabilities 2018: $296,860,246Net Assets 2018: $595,998,9512018Assets 2019: $902,863,590Liabilities 2019: $298,588,652Net Assets 2019: $604,274,9382019Assets 2020: $912,598,629Liabilities 2020: $302,340,360Net Assets 2020: $610,258,2692020Assets 2021: $1,026,131,356Liabilities 2021: $298,485,853Net Assets 2021: $727,645,5032021Assets 2022: $1,028,664,563Liabilities 2022: $291,619,078Net Assets 2022: $737,045,4852022

Highlighted filing

2018

Assets$892,859,197
Liabilities$296,860,246
Net Assets$595,998,951

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300M$200M$100M$0Expenses 2010: $108,598,4492010Expenses 2011: $109,838,0682011Expenses 2012: $122,422,2522012Expenses 2013: $125,170,9882013Revenue 2016: $156,745,302Expenses 2016: $138,093,886Net Income 2016: $18,651,4162016Revenue 2018: $224,794,376Expenses 2018: $148,162,435Net Income 2018: $76,631,9412018Revenue 2019: $162,540,034Expenses 2019: $157,377,011Net Income 2019: $5,163,0232019Revenue 2020: $162,469,290Expenses 2020: $152,837,510Net Income 2020: $9,631,7802020Revenue 2021: $159,022,032Expenses 2021: $150,375,116Net Income 2021: $8,646,9162021Revenue 2022: $254,673,083Expenses 2022: $183,244,124Net Income 2022: $71,428,9592022

Highlighted filing

2018

Revenue$224,794,376
Expenses$148,162,435
Net Income$76,631,941
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 1, 2019
Return Version
2017v2.3
Gross Receipts
$268,742,486
Mission and Program Overview

Mission

Kenyon college is a private liberal arts educational institution with approximately 1,700 students and 200 professors. The college has 18 departments and 13 interdisciplinary programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$312,350,133$361,632,710▲ $49,282,577
Land, Buildings, and Equipment, Net$242,054,855$246,795,168▲ $4,740,313
Investments in Publicly Traded Securities$100,192,554$186,878,396▲ $86,685,842
Pledges and Grants Receivable$33,360,022$32,250,109▼ $1,109,913
Savings and Temporary Cash Investments$9,899,604$27,887,383▲ $17,987,779
Investments Program Related$5,021,466$4,919,677▼ $101,789
Accounts Receivable$1,994,666$1,650,527▼ $344,139
Inventories for Sale or Use$1,017,648$1,001,520▼ $16,128
Total Assets$724,915,319$892,859,197▲ $167,943,878
Other Assets Total$19,024,371$29,843,707▲ $10,819,336
Liabilities
Tax Exempt Bond Liabilities$196,425,217$270,037,869▲ $73,612,652
Other Liabilities$18,621,993$18,249,394▼ $372,599
Accounts Payable and Accrued Expenses$11,064,848$8,572,983▼ $2,491,865
Total Liabilities$226,112,058$296,860,246▲ $70,748,188
Net Assets / Fund Balance
Unrestricted Net Assets$267,619,305$292,554,172▲ $24,934,867
Permanently Rstr Net Assets$184,457,989$191,419,023▲ $6,961,034
Temporarily Rstr Net Assets$46,725,967$112,025,756▲ $65,299,789
Total Net Assets Fund Balance$498,803,261$595,998,951▲ $97,195,690
Total Liabilities and Net Assets / Fund Balance$724,915,319$892,859,197▲ $167,943,878

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$218,580,024$115,749,692$334,329,716
Equipment$14,522,409$24,772,376$39,294,785
Other Land Buildings$11,486,990$14,842,670$26,329,660
Land$2,205,745-$2,205,745
Other Securities$21,369,713--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$231,515,999$163,788,088▲ $20,275,335$5,417,827$405,108,546
2016$201,728,914$17,558,391▲ $22,948,510$6,057,533$231,515,999
2015$213,628,161$2,494,144▼ $4,111,488$5,960,578$201,728,914
2014$210,519,201$3,110,779▲ $9,181,548$5,081,905$213,628,161
2013$193,161,995$3,302,935▲ $22,185,989$4,824,250$210,519,201
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sean M DecaturPresident & TrusteeFT$364,251$236,966$601,217
Mary K DolanProfessorFT$169,736$111,876$281,612
Heidi MccroryVP for DevelopmentFT$216,682$53,940$270,622
Sarah H StoneDirector ki&sen Adv to Pres.FT$214,174$55,122$269,296
Diane AnciVP Enroll/dean Adm&finaidFT$207,266$56,064$263,330
Joseph KlesnerProvostFT$196,600$45,421$242,021
David H LynnEditor-kenyon ReviewFT$190,378$32,614$222,992
Todd BursonVP for FinanceFT$176,005$42,514$218,519
Meredith BonhamVP for Student AffairsFT$166,988$44,164$211,152
Ronald GriggsVP for LbisFT$159,771$49,060$208,831
Mark KohlmanCBOFT$158,717$49,643$208,360
Jennifer BritzVP Enroll/dean Adm&finaid-$10,506$181,971$192,477
Wendy MacleodProfessorFT$128,085$55,653$183,738
Ric S SheffieldProfessorFT$125,028$56,171$181,199
SHIRLEY O'BRIENControllerFT$125,010$14,726$139,736
Kathryn LakeDirbrdrel&presFT$65,929$18,397$84,326

Highest Paid Contractors

ContractorServicesLocationCompensation
Pepper Construction Coof OhioConstruction495 METRO PLACE SOUTH 350, Dublin, OH 43017$6,431,276
Avi Foodsystems INCFood Service2590 ELM ROAD NE, Warren, OH 44483$5,950,949
Gund PartnershipArchitecture&planning47 THORNDIKE STREET, Cambridge, MA 02141$3,492,039
Elford INCConstruction1220 DUBLIN ROAD, Columbus, OH 43215$2,611,496
Cornerstone Partners LLCInvestment Advisory Svcs675 PETER JEFFERSON PWAY 160, Charlottesville, VA 22911$1,202,591
Revenue and Support

Revenue Composition

Contributions and Grants
$90,667,709
Program Service Revenue
$114,402,407
Investment Income
$17,530,015
Other Revenue
$2,194,245
All Other Contributions
$89,016,866
Change in Net Assets
$76,631,941

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded252$46,279,780Stock Quote
Books and Publications-$86,353Nom.value&appraisal
Other Non Cash Contri Table1$30,000Selling Price
Other Non Cash Contri Table3$7,662Other-nominal Value
Cars and Other Vehicles1$5,000Selling Price
Other Non Cash Contri Table1$3,000Appraisal
Other Non Cash Contri Table1$1Other-nominal Value
Total Noncash Contributions259$46,411,796-

Audited Revenue Reconciliation

Revenue per Audited Statements
$188,370,853
Revenue Not Reported on Financial Statements
$36,423,523
Revenue Not Reported on Form 990
$28,768,447
Other Revenue Adjustments
$34,907,937
Total Revenue per Audited Statements
$217,139,300
Total Revenue per Form 990
$224,794,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$61,407,959
Other Expenses$49,900,769
Grants and Similar Amounts Paid$36,853,707
Total Fundraising Expense$4,411,820
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$38,650,017$3,329,958$2,090,924$44,070,899
Grants to Domestic Individuals$35,227,108--$35,227,108
Interest$11,833,009--$11,833,009
Depreciation Depletion$10,739,873$490,442$104,712$11,335,027
Other Employee Benefits$7,611,536$837,548$465,317$8,914,401
Travel$3,547,675$379,010$275,658$4,202,343
Occupancy$3,801,407$223,659-$4,025,066
Pension Plan Contributions$3,119,419$279,106$184,652$3,583,177
Payroll Taxes$2,664,359$301,400$157,322$3,123,081
All Other Expenses$1,902,503$276,745$505,114$2,684,362
Office Expenses$2,018,930$78,712$55,306$2,152,948
Current Officers, Directors, Trustees, and Key Employees$127,235$1,272,110$317,056$1,716,401
Foreign Grants$1,626,599--$1,626,599
Information Technology$367,955$1,201,375-$1,569,330
Fees for Service Investment Mgmnt Fees-$1,515,586-$1,515,586
Fees for Services Legal$196,704$568,420-$765,124
Other Expenses$589,791$1,750,842$99,735$589,791
Fees for Services Other$336,741$78,146$156,024$570,911
Insurance$210,644$223,659-$434,303
Fees for Services Accounting-$131,389-$131,389
Total Functional Expenses$130,628,673$13,121,942$4,411,820$148,162,435

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$148,162,435
Total Expenses per Audited Statements$118,759,643
Expenses per Audited Statements$111,738,912
Expenses Not Reported on Financial Statements$36,423,523
Other Expense Adjustments$34,907,937
Expenses Not Reported on Form 990$7,020,731
International Activity

International Summary

Offices
0
Employees
0
Spending
$132,062,988

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsEducational Research00$126,686,233
Europe (including Iceland & Greenland)Program ServicesOther00$2,125,171
Europe (including Iceland & Greenland)GrantmakingEducational Research00$826,096
East Asia and the PacificProgram ServicesStudent Recruitment00$556,401
Middle East and North AfricaProgram ServicesStudent Recruitment00$266,216
South AmericaProgram ServicesEducational Services00$251,997
East Asia and the PacificGrantmakingStudent Recruitment00$229,009
South AmericaGrantmaking-00$216,312
Middle East and North AfricaGrantmakingEducational Services00$171,531
Central America and the CaribbeanProgram ServicesEducational Services00$141,791
Central America and the CaribbeanGrantmakingEducational Services00$130,576
Sub-saharan AfricaProgram Services-00$126,685
South AsiaProgram Services-00$101,930
Europe (including Iceland & Greenland)Program ServicesEducational Services00$82,639
South AsiaGrantmaking-00$42,119
North AmericaProgram ServicesEducational Research00$16,532
East Asia and the PacificProgram ServicesEducational Services00$14,754
Russia and Neighboring StatesProgram ServicesEducational Research00$14,610
Europe (including Iceland & Greenland)Program ServicesEducational Research00$10,748
Central America and the CaribbeanProgram ServicesEducational Research00$8,750
Sub-saharan AfricaGrantmaking-00$8,292
North AmericaProgram ServicesStudent Recruitment00$7,523
East Asia and the PacificProgram ServicesOther00$4,618
Middle East and North AfricaProgram ServicesEducational Services00$4,131
Sub-saharan AfricaProgram Services-00$3,137
Russia and Neighboring StatesGrantmakingStudent Recruitment00$2,663
South AmericaProgram ServicesStudent Recruitment00$2,360
South AmericaProgram ServicesEducational Research00$2,354
North AmericaProgram ServicesEducational Services00$2,324
Europe (including Iceland & Greenland)Program ServicesEducational Services00$1,993
Central America and the CaribbeanProgram ServicesStudent Recruitment00$1,507
South AsiaProgram Services-00$1,446
East Asia and the PacificProgram ServicesEducational Research00$248
South AsiaProgram Services-00$167
Sub-saharan AfricaProgram Services-00$125
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Substantial ContributorPymt.for ServicesNo$3,492,039
Marla KohlmanSpouse of OfficerSalaryNo$89,450
Jay BonhamSpouse of Key Empl.SalaryNo$71,448
Jeanne GriggsSpouse of Key Empl.SalaryNo$29,901
Walker GriggsChild of Key Empl.SalaryNo$18,690
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liab.for Post-retirement Ben.$6,727,601
Annuities and Other Funds Payable$5,140,800
Fair Value of Int.rate Swaps$3,184,385
Deposits and Advances$1,835,873
Government Loan Funds$1,360,735

Bond Issues

BondIssuerIssuedIssue PricePurpose
AOhio Higher Educational Facility Commission2010-02-11$100,189,867SEE PART VI
BOhio Higher Educational Facility Commission2017-12-14$75,669,523SEE PART VI
AOhio Higher Educational Facility Commission2016-11-29$51,393,477SEE PART VI
BOhio Higher Educational Facility Commission2013-07-24$44,637,452SEE PART VI
COhio Higher Educational Facility Commission2015-05-28$40,683,466SEE PART VI
DOhio Higher Educational Facility Commission2016-11-29$5,136,619SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$100,467,203$89,273,505-$956,478
B$75,912,294---
A$52,237,697--$524,160
B$44,637,452$44,153,017-$484,435
C$40,683,466$40,518,366-$165,100
D$5,136,619$5,081,745-$54,874

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

L'quentus thomas, trustee, and david meuse, trustee, have a business relationship.

Form 990, Part VI, Section B, Line 11B

Form 990 review - the board has delegated the review and approval of form 990 to the audit subcommittee of the budget, finance, and audit committee. The review is conducted with the assistance of the outside public accounting firm.

Form 990, Part VI, Section B, Line 11B

Form 990 provided to governing body - the college has distributed form 990 to the full board of trustees with the exception of donor information on schedule b. Because of schedule b's private and confidential nature, the board has delegated the authority and responsibility for reviewing that schedule to the chair of the board and the chair of the audit subcommittee on behalf of the full board. As such, we are required to answer "no" to the question on line 11a even though a copy of form 990 (with redacted donor information on schedule b) was provided to the trustees.

Form 990, Part VI, Section B, Line 12C

Monitoring and enforcement of conflict policy - the college's conflict policy is distributed at the fall meeting of the board of trustees. Annually, officers and trustees are asked to disclose conflicts, and these disclosures are monitored. If a conflict arises, the person is not permitted to vote or participate in the discussion of the proposed transaction. People who are independent of the individual make the decision on the transaction.

Form 990, Part VI, Section B, Line 15

Review and approval of compensation - comparability salary studies from peer institutions are performed for the college's president and for members of senior staff. Recommendations are presented to and approved by the executive committee of the board of trustees. The trustees are independent of the individuals for whom compensation decisions are being made. The deliberations and decisions of the executive committee are noted in the committee's minutes.

Form 990, Part VI, Section C, Line 19

Availability of documents - the college makes its financial statements available to the public on its website. The college makes its governing documents and conflict policy available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kenyon College
EIN
31-4379507
Phone
7404275181
Address
EATON CENTER, GAMBIER, OH 43022

Signing Officer

Name
Sean M Decatur
Title
President
Phone
7404275181
Signed
2019-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean M Decatur
Formed
1824
Legal Domicile
Oh
Voting Board Members
42
Independent Board Members
41
Employees
1,997
Volunteers
707

Preparer

Firm
Maloney Novotny LLC
Address
1111 SUPERIOR AVE SUITE 700, CLEVELAND, OH 44114-2540
Preparer
Christopher B Anderson
Phone
2163630100
Supplemental Narrative

Additional Explanations

PART III, LINE 1 - ORGANIZATION'S MISSION:

Over the 190 years of its life, kenyon college has developed a distinctive identity and has sought a special purpose among institutions of higher learning. Kenyon is an academic institution. The virtue of the academic mode is that it deals not with private and particular truths, but with the general and the universal. It enables one to escape the limits of private experience and the tyranny of the present moment. But to assert the primacy of the academic is not to deny the value of experience or of other ways of knowing. Kenyon's academic purpose will permeate all that the college does, but the definition of the academic will be open to recurrent questioning. Kenyon's larger purposes as a liberal arts institution derive from those expressed centuries ago in plato's academy, although our disciplines and modes of inquiry differ from those of that first "liberal arts college." we have altered our curriculum deliberately in answer to changes in the world, as an organism responds to its environment without losing its identity. Kenyon's founder gave a special american character to his academy by joining its life to the wilderness frontier. His kenyon was to afford its students a higher sense of their own humanity and to inspire them to work with others to make a society that would nourish a better humankind. To that end, and as an important educational value in itself, kenyon maintains a deep commitment to diversity. Kenyon today strives to persuade its students to those same purposes. As a private and independent college, kenyon has been free to provide its own mode of education and special quality of life for its members. Its historic relationship with the episcopal church has marked its commitment to the values celebrated in the judaeo-christian tradition, but without dogmatism, without proselytizing. As an undergraduate institution, kenyon focuses upon those studies that are essential to the intellectual and moral development of its students. The curriculum is not defined by the interests of graduate or professional schools, but by the faculty's understanding of what contributes to liberal education. The faculty's first investment is in kenyon's students. The college continues to think of its students as partners in inquiry, and seeks those who are earnestly committed to learning. In the future, kenyon will continue to test its academic program and modes of teaching and learning against the needs of its students, seeking to bring each person to full realization of individual educational potential. To be a residential college means more than that the college provides dormitory and dining space for its students. It argues a relationship between students and professors that goes beyond the classroom. It emphasizes that students learn and develop, intellectually and socially, from their fellows and from their own responses to corporate living. Kenyon remains a small college and exemplifies deliberate limitation. What is included here is special, what is excluded is not necessary to our purposes. Focus is blurred when there is dispersion over large numbers or over a large body of interests. Kenyon remains comprehensible. Its dimensions are humane and not overpowering. Professors, knowing students over years, measure their own growth. Students, knowing professors intimately, discover the harmony or conflict between what a teacher professes and his or her behavior. To enable its graduates to deal effectively with problems as yet uncalculated, kenyon seeks to develop capacities, skills, and talents which time has shown to be most valuable: to be able to speak and write clearly so as to advance thoughts and arguments cogently; to be able to discriminate between the essential and the trivial; to arrive at well-informed value judgments; to be able to work independently and with others; to be able to comprehend our culture as well as other cultures. Kenyon has prized those processes of education which shape students by engaging them simulta

FORM 990, PART XI, LINE 9:

Change in interest rate swap obligation 518,736.

Financial Statement Notes

PART III, LINE 1A:

Financial statement footnote regarding art collection: collection and works of art - collections are not capitalized under the provisions of asc 958-605, revenue recognition - contributions received. All works of art and collections are held for public exhibition, education, or research; are protected, kept unencumbered, cared for and preserved; and are subject to policies governing their use. Prior to asc 958-605 adoption, the college did capitalize works of art and collections. At june 30, 2018 and 2017, the net book value of these items is $1,862,696 and is reflected in the equipment section of the consolidated statements of financial position.

PART III, LINE 4:

Description of art collection - the majority of the college's collection ("college collection") of art and artifacts is cared for by the graham gund gallery, a section 501(c)(3) subsidiary of which the college is the sole member. The graham gund gallery and its gallery collection prioritizes 20th - 21st century art in its exhibitions and collecting program. The college's collection of pre-20th century, ethnographic, teaching and other collection objects are managed by the graham gund gallery's professional staff and housed in its facility. Some college collection objects are installed and on view in college buildings.

PART V, LINE 4:

Intended use of endowment funds - for the college's endowment funds, the investment objective is to achieve superior long-term total returns such that the requirements of the annual budget are met while allowing for significant growth, all within the confines of reasonable risk. Expenditures from the endowment fund are used exclusively to further the exempt educational purposes of the college.

PART X, LINE 2:

Fin 48 (asc 740) footnote - federal income taxes: the internal revenue service has determined that the college, the kenyon review, the gund gallery, the kokosing nature preserve, and the philander chase conservancy are exempt from federal income taxes under section 501(a) of the internal revenue code as public charities described in section 501(c)(3); accordingly, no provision for federal income taxes has been made in the consolidated financial statements. The kenyon inn management company is subject to federal income taxes, which for june 30, 2018 and 2017 were not significant to these consolidated financial statements. There were no unrecognized tax benefits as of june 30, 2018. The income tax returns for all entities remain subject to examination by the internal revenue service, as well as various state and local taxing authorities, generally for three years.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Bookstore cost of goods sold, which was netted with revenue on line 2d of part viii of form 990 but shown as an expense on financial statements 1,337,747. Change in interest rate swap obligation 518,736. Adjustment for revenue of related organizations included in consolidated financial statements 6,327,974.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid expense, which was netted with tuition income on financial statements but shown as an expense in part ix of form 990 34,907,937.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Bookstore cost of goods sold, which was netted with revenue on line 2d of part viii of form 990 but shown as an expense on financial statements 1,337,747. Adjustment for expenses of related organizations included in consolidated financial statements 5,682,984.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid expense, which was netted with tuition income on financial statements but shown as an expense in part ix of form 990 34,907,937.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0KENYON COLLEGE IS A PRIVATE LIBERAL ARTS EDUCATIONAL INSTITUTION WITH APPROXIMATELY 1,700 STUDENTS AND 200 PROFESSORS. THE COLLEGE HAS 18 DEPARTMENTS AND 13 INTERDISCIPLINARY PROGRAMS.
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IRS990/Desc0THE COLLEGE OFFERS 26 MAJORS LEADING TO A BACHELOR'S DEGREE WITH A STUDENT-TO-FACULTY RATIO OF 10 TO 1. IN ADDITION, THE COLLEGE OFFERS 10 CONCENTRATIONS; PRE-PROFESSIONAL ADVISING FOR GRADUATE OR PROFESSIONAL SCHOOL IN BUSINESS, EDUCATION, ENGINEERING, LAW, AND MEDICINE; AND A NUMBER OF COOPERATIVE PROGRAMS INVOLVING OTHER INSTITUTIONS. STUDENT LIFE IS ACTIVE AND MULTIFACETED INCLUDING INTERCOLLEGIATE AND INTRAMURAL ATHLETICS, PERFORMING ARTS GROUPS, SORORITIES AND FRATERNITIES, AND EDUCATIONAL OPPORTUNITIES IN SEVERAL FOREIGN COUNTRIES. THE COLLEGE'S ON-CAMPUS ENROLLMENT IS APPROXIMATELY 1,700 STUDENTS.
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IRS990/Form990PartVIISectionAGrp/PersonNm9NINA P FREEDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm10PAUL J GOLDBERGER
IRS990/Form990PartVIISectionAGrp/PersonNm11HOPE C HARROD
IRS990/Form990PartVIISectionAGrp/PersonNm12AILEEN C HEFFERREN
IRS990/Form990PartVIISectionAGrp/PersonNm13PAMELA FEITLER HOEHN-SARIC
IRS990/Form990PartVIISectionAGrp/PersonNm14THE RIGHT REVEREND MARK HOLLINGSWOR
IRS990/Form990PartVIISectionAGrp/PersonNm15DAVID W HORVITZ
IRS990/Form990PartVIISectionAGrp/PersonNm16LARRY H JAMES
IRS990/Form990PartVIISectionAGrp/PersonNm17DANIEL KRAMER
IRS990/Form990PartVIISectionAGrp/PersonNm18TODD P LEAVITT
IRS990/Form990PartVIISectionAGrp/PersonNm19VICTORIA SMITH MCKENZIE
IRS990/Form990PartVIISectionAGrp/PersonNm20DAVID R MEUSE
IRS990/Form990PartVIISectionAGrp/PersonNm21JEFFREY C MORITZ
IRS990/Form990PartVIISectionAGrp/PersonNm22JAMES F PARKER
IRS990/Form990PartVIISectionAGrp/PersonNm23DONNA BERTOLET POSEIDON
IRS990/Form990PartVIISectionAGrp/PersonNm24MARK C ROSENTHAL
IRS990/Form990PartVIISectionAGrp/PersonNm25ALAN E ROTHENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm26R TODD RUPPERT
IRS990/Form990PartVIISectionAGrp/PersonNm27DEBORAH RATNER SALZBERG
IRS990/Form990PartVIISectionAGrp/PersonNm28WILLIAM T SPITZ
IRS990/Form990PartVIISectionAGrp/PersonNm29YIJI SHEN STARR
IRS990/Form990PartVIISectionAGrp/PersonNm30L'QUENTUS THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm31BARRETT TOAN
IRS990/Form990PartVIISectionAGrp/PersonNm32CHRISTOPHER P TOFT
IRS990/Form990PartVIISectionAGrp/PersonNm33SUSAN TOMASKY
IRS990/Form990PartVIISectionAGrp/PersonNm34D MATTHEW VOORHEES
IRS990/Form990PartVIISectionAGrp/PersonNm35JENNIFER RUDOLPH WALSH
IRS990/Form990PartVIISectionAGrp/PersonNm36DOUGLAS WANG
IRS990/Form990PartVIISectionAGrp/PersonNm37WENDY WEBSTER
IRS990/Form990PartVIISectionAGrp/PersonNm38ZALI WIN
IRS990/Form990PartVIISectionAGrp/PersonNm39MATTHEW A WINKLER
IRS990/Form990PartVIISectionAGrp/PersonNm40ALEXANDER W WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm41SEAN M DECATUR
IRS990/Form990PartVIISectionAGrp/PersonNm42JOSEPH KLESNER
IRS990/Form990PartVIISectionAGrp/PersonNm43TODD BURSON
IRS990/Form990PartVIISectionAGrp/PersonNm44MARK KOHLMAN

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