SAINT MICHAELS COLLEGE: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: SAINT MICHAELS COLLEGE (EIN 03-0179403)
Tax period: 2022-07-01 to 2023-06-30
Filed: 2024-05-14
IRS object ID: 202401359349311220
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-05-14T16:17:35-05:00	ReturnTs
Tax Period End	2023-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	135565207	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KPMG LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	60 SOUTH STREET TWO FINANCIAL	AddressLine1Txt
Address Line2	CENTER	AddressLine2Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02111	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	030179403	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SAINT MICHAEL'S COLLEGE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SAIN	BusinessNameControlTxt
Phone	8026542915	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE WINOOSKI PARK BOX 274	AddressLine1Txt
City	COLCHESTER	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05439	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ROBERT ROBINSON	PersonNm
Person Title	TREASURER/VP OF FINANCE	PersonTitleTxt
Phone	8026542915	PhoneNum
Signature	2024-05-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ROBERT	PersonFirstNm
Person Last	ROBINSON	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SHYAMALEE JOSEPH	PreparerPersonNm
PTIN	P01085371	PTIN
Phone	6179881000	PhoneNum
Preparation	2024-05-13	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	ROBERT R ROBINSON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE WINOOSKI PARK BOX 274	AddressLine1Txt
City	COLCHESTER	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05439	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$111,049,104	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Group Exemption	0928	GroupExemptionNum
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.SMCVT.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1913	FormationYr
Legal Domicile State	VT	LegalDomicileStateCd
Activity Or Mission	SEE SCHEDULE O TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND THE ADVANCEMENT OF HUMAN CULTURE IN THE LIGHT OF THE CATHOLIC FAITH.	ActivityOrMissionDesc
Voting Members Governing Body	29	VotingMembersGoverningBodyCnt
Voting Members Independent	28	VotingMembersIndependentCnt
Total Employee	1267	TotalEmployeeCnt
Total Volunteers	1046	TotalVolunteersCnt
Total Gross UBI	$48,896	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$13,785,143	PYContributionsGrantsAmt
CY Contributions Grants	$5,165,602	CYContributionsGrantsAmt
PY Program Service Revenue	$88,968,024	PYProgramServiceRevenueAmt
CY Program Service Revenue	$80,266,370	CYProgramServiceRevenueAmt
PY Investment Income	$6,091,478	PYInvestmentIncomeAmt
CY Investment Income	$7,904,705	CYInvestmentIncomeAmt
PY Other Revenue	$560,751	PYOtherRevenueAmt
CY Other Revenue	$2,321,775	CYOtherRevenueAmt
PY Total Revenue	$109,405,396	PYTotalRevenueAmt
CY Total Revenue	$95,658,452	CYTotalRevenueAmt
PY Grants And Similar Paid	$42,966,707	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$39,323,644	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$32,358,803	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$35,173,547	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$215,776	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$2,163,853	CYTotalFundraisingExpenseAmt
PY Other Expenses	$32,778,978	PYOtherExpensesAmt
CY Other Expenses	$32,192,727	CYOtherExpensesAmt
PY Total Expenses	$108,104,488	PYTotalExpensesAmt
CY Total Expenses	$106,905,694	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,300,908	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$11,247,242	CYRevenuesLessExpensesAmt
Total Assets BOY	$200,602,786	TotalAssetsBOYAmt
Total Assets EOY	$195,408,845	TotalAssetsEOYAmt
Total Liabilities BOY	$57,278,612	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$63,713,978	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$143,324,174	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$131,694,867	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	IT IS THE MISSION OF SAINT MICHAEL'S COLLEGE TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND TO THE ADVANCEMENT OF HUMAN CULTURE IN THE LIGHT OF THE CATHOLIC FAITH.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$63,479,012	ExpenseAmt
Grant	$39,323,644	GrantAmt
Revenue	$61,468,561	RevenueAmt
Desc	ACADEMIC PROGRAM AND FINANCIAL AID, SEE SCH O	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$14,556,552	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$18,797,809	RevenueAmt
Desc	AUXILIARY ENTERPRISES, SEE SCH O	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$15,125,749	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$0	RevenueAmt
Desc	STUDENT SERVICES, SEE SCH O	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$93,161,313	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	Yes (1)	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (1)	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (1)	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (1)	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	2236	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	1267	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	29	GoverningBodyVotingMembersCnt
Independent Voting Member	28	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	Yes (1)	InvestmentInJointVentureInd
Written Policy Or Procedure	0	WrittenPolicyOrProcedureInd
States Where Copy Of Return Is Fld	VT	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MELISSA TOURVILLE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8026542915	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE WINOOSKI PARK BOX 274	AddressLine1Txt
City	COLCHESTER	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05439	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
DR LORRAINE STERRITT PHD
PRESIDENT/TRUSTEE	40.00	Yes (X)	Yes (X)	$418,606	$0	$68,894
MS PATRICIA A CASEY
CHAIR OF THE BOARD	12.00	Yes (X)		$0	$0	$0
MR MARK S DALTON
VICE CHAIRS OF THE BOARD	20.00	Yes (X)		$0	$0	$0
MS MAUREEN K USIFER
VICE CHAIRS OF THE BOARD	6.00	Yes (X)		$0	$0	$0
MR JOSEPH A BELLISSIMO
TRUSTEE (AS OF 7/1/22)	1.00	Yes (X)		$0	$0	$0
REV MSGR BERNARD W BOURGEOIS
TRUSTEE	1.00	Yes (X)		$0	$0	$0
MR GEORGE M BOWEN
TRUSTEE (AS OF 7/1/22)	1.00	Yes (X)		$0	$0	$0
MR PATRICK N BROWN PHD
TRUSTEE	1.00	Yes (X)		$0	$0	$0
DR GREGORY F BRUCATO
TRUSTEE (AS OF 7/1/22)	1.00	Yes (X)		$0	$0	$0
MR GARRETT CLARK
TRUSTEE (AS OF 7/1/22)	8.00	Yes (X)		$0	$0	$0
VERY REV DAVID G CRAY SSE
TRUSTEE	2.00	Yes (X)		$0	$0	$0
REV STANLEY M DERESIENSKI SSE
TRUSTEE	3.00	Yes (X)		$0	$0	$0
MR TIMOTHY E FORD
TRUSTEE	4.00	Yes (X)		$0	$0	$0
REV PATRICK J FORMAN
TRUSTEE	2.00	Yes (X)		$0	$0	$0
MR WILLIAM H GALLAGHER
TRUSTEE	2.00	Yes (X)		$0	$0	$0
MR JOSEPH P GARRITY
TRUSTEE	2.00	Yes (X)		$0	$0	$0
REV THOMAS F X HOAR PHD SSE
TRUSTEE	1.00	Yes (X)		$0	$0	$0
MR GEORGE C KEADY III
TRUSTEE	5.00	Yes (X)		$0	$0	$0
MR BRIAN G LACEY
TRUSTEE	1.00	Yes (X)		$0	$0	$0
MR ANTHONY J MAGINNIS
TRUSTEE	1.00	Yes (X)		$0	$0	$0
MR CHAD D MCEACHERN
TRUSTEE (AS OF 7/1/22)	3.00	Yes (X)		$0	$0	$0
MR PHILIP F MCGOVERN JR ESQ
TRUSTEE (AS OF 7/1/22)	1.00	Yes (X)		$0	$0	$0
REV RICHARD M MYHALYK SSE
TRUSTEE (AS OF 7/1/22)	1.00	Yes (X)		$0	$0	$0
MR ROBERT T NOONAN
TRUSTEE (AS OF 7/1/22)	6.00	Yes (X)		$0	$0	$0
DR CELINE R PAQUETTE
TRUSTEE	5.00	Yes (X)		$0	$0	$0
MR JAMES F PHALEN
TRUSTEE (AS OF 7/1/22)	4.00	Yes (X)		$0	$0	$0
REV MARCEL RAINVILLE SSE
TRUSTEE	40.00	Yes (X)		$0	$0	$0
DR TRACY A ROMANO PHD
TRUSTEE	1.00	Yes (X)		$0	$0	$0
MS ELAINE STOKES
TRUSTEE (AS OF 7/1/22)	2.00	Yes (X)		$0	$0	$0
ROBERT ROBINSON
VP FOR FINANCE/TREASURER	40.00		Yes (X)	$178,404	$0	$39,774
KRISTEN MCANDREW
VP ENROLLMENT/MARKETING	40.00			$195,240	$0	$17,419	Yes (X)
DAWN M ELLINWOOD
VP FOR STUDENT AFFAIRS	40.00			$181,169	$0	$41,049	Yes (X)	1.50
JEFFERY TRUMBOWER
VP ACADEMIC AFFAIRS	40.00			$179,247	$0	$33,080	Yes (X)
KRYSTYNA DAVENPORT BROWN
VP INSTITUTIONAL ADVANCEMENT	40.00			$165,440	$0	$47,086	Yes (X)
SARAH HASTING
PROFESSOR PSYCHOLOGY	40.00			$123,811	$0	$22,467			Yes (X)
MARY MASON
NURSE PRACTITIONER	40.00			$121,181	$0	$31,409			Yes (X)
ALESSANDRO BERTONI
MARKETING DIRECTOR	40.00			$115,486	$0	$38,533			Yes (X)
JEFFREY AYERS
PROFESSOR POLITICAL SCIENCE	40.00			$158,033	$0	$17,268			Yes (X)
MICHAEL LARSEN
PROFESSOR MATHEMATICS	40.00			$116,129	$0	$31,454			Yes (X)
SUSAN GOKEY
DIRECTOR OF FINANCE	40.00			$120,125	$0	$19,246				Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,072,871	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$407,679	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	21	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (1)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
CREATIVE COMMUNICATION (HOTCHALK INC)
2 THIRD STREET SUITE 250	TROY	NY	12180	ADVERT/MARKETING	$998,066
WAYBETTER MARKETING INC
PO BOX 1439	COLUMBIA	MD	21044	MARKETING	$482,074
KJ CONSTRUCTION
219 PEARL STREET	ESSEX	VT	05452	GENERAL CONTRACTOR	$287,268
COMPETITIVE COMPUTING
354 MOINTAIN VIEW DRIVE	COLCHESTER	VT	05446	IT CONSULTANT	$244,353
INTEGRATION PARTNERS CORPORATION
12 HARTWELL AVE	LEXINGTON	MA	02421	NETWORK SECURITY	$237,015

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	15	CntrctRcvdGreaterThan100KCnt
Government Grants	$1,999,312	GovernmentGrantsAmt
All Other Contributions	$3,166,290	AllOtherContributionsAmt
Noncash Contributions	$130,253	NoncashContributionsAmt
Total Contributions	$5,165,602	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
TUITION AND FEES	611710	$61,468,561	$61,468,561
RESIDENCE AND DINNING	721310	$16,266,582	$16,266,582
SPECIAL EVENTS	812930	$834,823		$834,823
BOOK STORE	459210	$727,404		$727,404
OTHER AUXIL	900099	$338,538	$338,538

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$630,462	TotalRevenueColumnAmt
Related Or Exempt Func Income	$630,462	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$80,266,370	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,450,762	TotalRevenueColumnAmt
Unrelated Business Revenue	-$148,096	UnrelatedBusinessRevenueAmt
Exclusion	$3,598,858	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$195,594	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$195,594	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$195,594	TotalRevenueColumnAmt
Exclusion	$195,594	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$18,877,997	SecuritiesAmt
Other	$966,598	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$15,390,652	SecuritiesAmt
Other	$0	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$3,487,345	SecuritiesAmt
Other	$966,598	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,453,943	TotalRevenueColumnAmt
Unrelated Business Revenue	$196,992	UnrelatedBusinessRevenueAmt
Exclusion	$4,256,951	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt
GAIN ON BOND REFUNDING	900099	$1,463,806	$1,463,806
OTHER OPERATING INCOME	900099	$662,375	$662,375

Field	Value	IRS element (for citing)
Other Revenue Total	$2,126,181	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$95,658,452	TotalRevenueColumnAmt
Related Or Exempt Func Income	$78,704,143	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$48,896	UnrelatedBusinessRevenueAmt
Exclusion	$11,739,811	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$10,000	TotalAmt
Program Services	$10,000	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$38,736,376	TotalAmt
Program Services	$38,736,376	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$577,268	TotalAmt
Program Services	$577,268	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,510,442	TotalAmt
Program Services	$651,665	ProgramServicesAmt
Management And General	$422,617	ManagementAndGeneralAmt
Fundraising	$436,160	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$25,316,229	TotalAmt
Program Services	$21,173,063	ProgramServicesAmt
Management And General	$3,342,131	ManagementAndGeneralAmt
Fundraising	$801,035	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$572,968	TotalAmt
Program Services	$482,128	ProgramServicesAmt
Management And General	$76,821	ManagementAndGeneralAmt
Fundraising	$14,019	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$5,902,830	TotalAmt
Program Services	$4,921,485	ProgramServicesAmt
Management And General	$816,001	ManagementAndGeneralAmt
Fundraising	$165,344	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,871,078	TotalAmt
Program Services	$1,528,416	ProgramServicesAmt
Management And General	$260,331	ManagementAndGeneralAmt
Fundraising	$82,331	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$216,765	TotalAmt
Management And General	$216,765	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$187,550	TotalAmt
Management And General	$187,550	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$1,558	TotalAmt
Management And General	$1,558	ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$215,776	TotalAmt
Fundraising	$215,776	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$444,713	TotalAmt
Management And General	$444,713	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,678,706	TotalAmt
Program Services	$1,063,640	ProgramServicesAmt
Management And General	$615,008	ManagementAndGeneralAmt
Fundraising	$58	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,736,419	TotalAmt
Program Services	$3,262,450	ProgramServicesAmt
Management And General	$1,342,846	ManagementAndGeneralAmt
Fundraising	$131,123	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,918,564	TotalAmt
Program Services	$927,958	ProgramServicesAmt
Management And General	$934,799	ManagementAndGeneralAmt
Fundraising	$55,807	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$4,576,063	TotalAmt
Program Services	$4,448,117	ProgramServicesAmt
Management And General	$127,946	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$1,992,356	TotalAmt
Program Services	$1,734,695	ProgramServicesAmt
Management And General	$177,150	ManagementAndGeneralAmt
Fundraising	$80,511	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,934,107	TotalAmt
Program Services	$1,925,645	ProgramServicesAmt
Management And General	$8,462	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$6,457,772	TotalAmt
Program Services	$5,900,601	ProgramServicesAmt
Management And General	$557,171	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$704,853	TotalAmt
Program Services	$641,134	ProgramServicesAmt
Management And General	$63,686	ManagementAndGeneralAmt
Fundraising	$33	FundraisingAmt

Other Expenses OtherExpensesGrp

Field	Value	IRS element (for citing)
Desc	CATERING/LECTURER/OTHER	Desc
Total	$7,343,301	TotalAmt
Program Services	$5,176,672	ProgramServicesAmt
Management And General	$1,984,973	ManagementAndGeneralAmt
Fundraising	$181,656	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$106,905,694	TotalAmt
Program Services	$93,161,313	ProgramServicesAmt
Management And General	$11,580,528	ManagementAndGeneralAmt
Fundraising	$2,163,853	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$15,389,501	BOYAmt
EOY	$5,941,981	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,547,292	BOYAmt
EOY	$1,693,646	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,800,827	BOYAmt
EOY	$1,516,740	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$2,319,230	BOYAmt
EOY	$1,587,508	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$324,661	BOYAmt
EOY	$336,480	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,383,867	BOYAmt
EOY	$2,347,205	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$223,343,963	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$148,591,753	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$77,962,397	BOYAmt
EOY	$74,752,210	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$50,603,596	BOYAmt
EOY	$47,340,582	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$47,009,196	BOYAmt
EOY	$59,619,242	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$262,219	BOYAmt
EOY	$273,251	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$200,602,786	BOYAmt
EOY	$195,408,845	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,637,087	BOYAmt
EOY	$3,458,884	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,954,395	BOYAmt
EOY	$2,526,885	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$45,482,453	BOYAmt
EOY	$53,820,616	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$5,204,677	BOYAmt
EOY	$3,907,593	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$57,278,612	BOYAmt
EOY	$63,713,978	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$78,178,476	BOYAmt
EOY	$65,787,491	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$65,145,698	BOYAmt
EOY	$65,907,376	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$143,324,174	BOYAmt
EOY	$131,694,867	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$200,602,786	BOYAmt
EOY	$195,408,845	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$11,247,242	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$392,971	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$775,036	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$5,736,997	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,119,606	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$16,348,022	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$13,785,143	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,165,602	CurrentTaxYearAmt
Total	$46,155,370	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$5,736,997	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,119,606	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$16,348,022	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$13,785,143	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,165,602	CurrentTaxYearAmt
Total	$46,155,370	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$3,907,060	SubstantialContributorsTotAmt
Public Support Total170	$42,248,310	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,331,140	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,282,295	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,297,355	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,861,760	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,794,452	CurrentTaxYearAmt
Total	$14,567,002	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$0	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$378,588	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$8,731	CurrentTaxYearMinus1YearAmt
Current Tax Year	$0	CurrentTaxYearAmt
Total	$387,319	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,051,984	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$569,160	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$959,574	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$421,496	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,126,181	CurrentTaxYearAmt
Total	$5,128,395	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$66,238,086	TotalSupportAmt
Gross Receipts Rltd Activities	$457,157,032	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.63780	PublicSupportCY170Pct
Public Support PY170	0.66330	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	OTHER OPERATING INCOME - 2018 AMOUNT: $ 1,051,984. 2019 AMOUNT: $ 569,160. 2020 AMOUNT: $ 959,574. 2021 AMOUNT: $ 421,496. 2022 AMOUNT: $ 2,126,181.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	0	VolunteersInd
Paid Staff Or Management	0	PaidStaffOrManagementInd
Media Advertisements	0	MediaAdvertisementsInd
Mailings Members	0	MailingsMembersInd
Publications Or Broadcast	0	PublicationsOrBroadcastInd
Grants Other Organizations	Yes (1)	GrantsOtherOrganizationsInd
Grants Other Organizations	$1,559	GrantsOtherOrganizationsAmt
Direct Contact Legislators	0	DirectContactLegislatorsInd
Rallies Demonstrations	0	RalliesDemonstrationsInd
Other Activities	0	OtherActivitiesInd
Total Lobbying Expenditures	$1,559	TotalLobbyingExpendituresAmt
Not Described Section501c3	0	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART II-B, LINE 1:	FormAndLineReferenceDesc
Explanation	THE COLLEGE IS A MEMBER OF THE ASSOCIATION OF VEMRONT INDEPENDENT COLLEGES (AVIC) WHICH REPRESENTS ITS MEMBER IN VARIOUS FORMS SERVING THE INTERESTS OF HIGHER EDUCATION, INCLUDING GOVERNMENT LEGISLATION. ANNUAL MEMBERSHIP FEES PAID TO THIS ORGANIZATION WERE $18,706. APPROXIMATELY $1,559 OF THIS AMOUNT WAS ALLOCATED TO LOBBYING.	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$94,357,409	BeginningYearBalanceAmt
Contributions	$834,679	ContributionsAmt
Investment Earnings Or Losses	$6,858,292	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$4,201,665	GrantsOrScholarshipsAmt
Other Expenditures	$4,027,633	OtherExpendituresAmt
Administrative Expenses	$443,639	AdministrativeExpensesAmt
End Year Balance	$93,377,443	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$103,031,940	BeginningYearBalanceAmt
Contributions	$1,270,364	ContributionsAmt
Investment Earnings Or Losses	-$5,622,692	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$3,135,107	GrantsOrScholarshipsAmt
Other Expenditures	$565,084	OtherExpendituresAmt
Administrative Expenses	$622,012	AdministrativeExpensesAmt
End Year Balance	$94,357,409	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$77,654,938	BeginningYearBalanceAmt
Contributions	$3,340,987	ContributionsAmt
Investment Earnings Or Losses	$25,767,599	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,999,947	GrantsOrScholarshipsAmt
Other Expenditures	$378,138	OtherExpendituresAmt
Administrative Expenses	$353,499	AdministrativeExpensesAmt
End Year Balance	$103,031,940	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$89,060,683	BeginningYearBalanceAmt
Contributions	$712,607	ContributionsAmt
Investment Earnings Or Losses	-$4,968,011	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,986,829	GrantsOrScholarshipsAmt
Other Expenditures	$3,938,672	OtherExpendituresAmt
Administrative Expenses	$224,840	AdministrativeExpensesAmt
End Year Balance	$77,654,938	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$89,921,136	BeginningYearBalanceAmt
Contributions	$1,704,960	ContributionsAmt
Investment Earnings Or Losses	$2,319,380	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,856,453	GrantsOrScholarshipsAmt
Other Expenditures	$1,708,745	OtherExpendituresAmt
Administrative Expenses	$319,595	AdministrativeExpensesAmt
End Year Balance	$89,060,683	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.33850	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.43740	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.22410	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,888,203	OtherCostOrOtherBasisAmt
Book Value	$1,888,203	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$178,777,036	OtherCostOrOtherBasisAmt
Depreciation	$119,955,305	DepreciationAmt
Book Value	$58,821,731	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$38,294,200	OtherCostOrOtherBasisAmt
Depreciation	$25,694,533	DepreciationAmt
Book Value	$12,599,667	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,384,524	OtherCostOrOtherBasisAmt
Depreciation	$2,941,915	DepreciationAmt
Book Value	$1,442,609	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$74,752,210	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (8 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
CASH EQUIVALENTS	$14,432,527	F
INTERNATIONAL EQUITIES	$2,780,913	F
DIRECTIONAL HEDGE	$918,791	F
RELATIVE VALUE STRATEGIES	$3,640,038	F
PRIVATE EQUITY	$2,396,394	F
GLOBAL FIXED INCOME COMPOSITE	$9,732,729	F
REAL ASSET COMPOSITE	$12,429,685	F
DEPOSITS WITH BOND TRUSTEES	$13,288,165	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$59,619,242	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
AMOUNTS HELD ON BEHALF OF OTHERS	$398,990
REFUNDABLE ADVANCES	$1,146,053
ANNUITY OBLIGATION	$42,731
CAPITAL LEASE OBLIGATION	$21,737
OTHER LIABILITIES	$2,298,082

Field	Value	IRS element (for citing)
Total Liability	$3,907,593	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$55,530,868	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$392,971	NetUnrealizedGainsInvstAmt
Other Revenue	-$762,197	OtherRevenueAmt
Revenue Not Reported	-$369,226	RevenueNotReportedAmt
Revenue Subtotal	$55,900,094	RevenueSubtotalAmt
Investment Expenses Not Incld	$444,713	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$39,313,645	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$39,758,358	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$95,658,452	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$67,160,175	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$12,838	OtherExpensesIncludedAmt
Expenses Not Reported	$12,838	ExpensesNotReportedAmt
Expenses Subtotal	$67,147,337	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$444,713	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$39,313,644	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$39,758,357	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$106,905,694	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART V, LINE 4:	SAINT MICHAEL'S COLLEGE ENDOWMENT AND QUASI-ENDOWMENT CONSIST OF APPROXIMATELY 235 INDIVIDUAL ENDOWMENT ACCOUNTS ESTABLISHED FOR A VARIETY OF PURPOSES IN ACCORDANCE WITH APPLICABLE LAW AND DONOR INTENT AND FUNDS DESIGNATED BY THE COLLEGE'S BOARD TO OPERATE AS ENDOWMENT (QUASI-ENDOWMENT). A MAJORITY OF THE FUNDS PROVIDE SCHOLARSHIPS AND FINANCIAL AID ASSISTANCE TO UNDERGRADUATE STUDENTS. OTHER USES OF THE FUNDS INCLUDE, BUT ARE NOT LIMITED TO, PROVIDING STUDY ABROAD AND RESEARCH OPPORTUNITIES, CREATION AND FUNDING OF FACULTY CHAIRS, SUPPORT FOR STUDENT SERVICES AND ACTIVITIES, LIBRARY ACQUISITIONS AND FUNDING FOR LECTURE SERIES. THE PRIMARY OBJECTIVE OF THE PORTFOLIO IS TO ACHIEVE AN ANNUALIZED TOTAL RETURN, NET OF FEES, THROUGH APPRECIATION AND INCOME, EQUAL TO OR GREATER THAN THE RATE OF INFLATION PLUS ANY SPENDING AND ADMINISTRATIVE EXPENSES THUS, AT A MINIMUM MAINTAINING THE PURCHASING POWER OF THE PORTFOLIO. THE INVESTMENTS ARE MANAGED UNDER THE UNIFORM PRUDENT INVESTOR ACT STANDARD REQUIRING THE EXERCISE OF REASONABLE CARE, SKILL, AND CAUTION WHILE BEING APPLIED TO INVESTMENTS NOT IN ISOLATION, BUT IN THE CONTEXT OF THE PORTFOLIO AS A WHOLE AND AS A PART OF AN OVERALL STRATEGY HAVING RISK AND RETURN OBJECTIVES REASONABLY SUITED TO THE PORTFOLIO. SINCE SHORT TERM MARKET FLUCTUATION MAY CAUSE VARIATIONS IN INVESTMENT PERFORMANCE, IT IS INTENDED THAT THE OBJECTIVES WILL BE ACHIEVED OVER A FULL MARKET CYCLE.
PART X, LINE 2:	UNCERTAIN TAX POSITIONS THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAX PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	PLEDGE WRITE OFF FROM PRIOR YEAR -762,197.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	STUDENT FINANCIAL AID 39,313,645.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	OTHER NON OPERATING EXPENSES 860. EXPENSES NETTED AGAINST REVENUE 11,978.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	STUDENT FINANCIAL AID 39,313,644.
PART V, LINE 2	ENDOWMENT FUNDS THE COLLEGE HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2023 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF PART V, LINE 2, THE COLLEGE HAS REPORTED ITS YEAR END ENDOWMENT BALANCE WITHOUT DONOR RESTRICTION AS QUASI-ENDOWMENT AND ITS YEAR END BALANCE WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT AND TEMPORARILY RESTRICTED ENDOWMENT, REPSECTIVELY.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

SCHEDULE E, PART I, LINE 3

THE COLLEGE INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS BYLAWS, EMPLOYEE HANDBOOK, GRADUTE AND UNDERGRADUATE CATALOGS, STUDENTS CODE OF CONDUCT AND COLLEGE POLICY HANDBOOK, FACULTY REGULATIONS, ON OUR APPLICAITION SUPPLEMENT, THE HOMEPAGE OF THE COLLEGE'S WEBSITE, AND WITHIN THE NEASC SELF STUDY DOCUMENT FOR REACCREDITATION. THE COLLEGE ALSO VALUES DIVERSITY AND HAS A BOARD OF TRUSTEES APPROVED POLICY WHICH IS ALSO CONTAINED WITHIN MANY OF THESE DOCUMENTS.

SCHEDULE E, PART I, LINE 6

SAINT MICHAEL'S COLLEGE RECEIVES GRANTS AND STUDENT AID FROM VARIOUS GOVERNMENTAL AGENCIES FOR SUPPORT OF EDUCATIONAL AND STUDENT PROGRAMS.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (17 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	Specific Services ProvidedSpecificServicesProvidedTxt	EmployeeEmployeeCnt
CENTRAL AMERICA AND THE CARIBBEAN	INVESTMENTS	$3,496,379
EUROPE (INCLUDING ICELAND AND GREENLAND)	INVESTMENTS	$1,315,785
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	$136,048	STUDY ABROAD
EUROPE (INCLUDING ICELAND AND GREENLAND)	PROGRAM SERVICES	$380,231	STUDY ABROAD
MIDDLE EAST AND NORTH AFRICA	PROGRAM SERVICES	$21,379	STUDY ABROAD
SOUTH AMERICA	PROGRAM SERVICES	$26,991	STUDY ABROAD
SOUTH ASIA	PROGRAM SERVICES	$27,250	STUDY ABROAD
SUB-SAHARAN AFRICA	PROGRAM SERVICES	$43,784	STUDY ABROAD
EAST ASIA AND THE PACIFIC		$3,893	AGENT	1
EUROPE (INCLUDING ICELAND AND GREENLAND)		$4,433	AGENT	1
EUROPE (INCLUDING ICELAND AND GREENLAND)		$8,062	STUDY TRIPS
NORTH AMERICA		$1,919	STUDY TRIPS
EAST ASIA AND THE PACIFIC		$4,343	CONFERENCE
EUROPE (INCLUDING ICELAND AND GREENLAND)		$896	CONFERENCE
NORTH AMERICA		$5,116	CONFERENCE
EUROPE (INCLUDING ICELAND AND GREENLAND)		$1,715	ATHI TRAINING
NORTH AMERICA		$9,998	ATHI TRAINING

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	2	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	2	TotalEmployeeCnt
Subtotal Spent	$5,447,847	SubtotalSpentAmt
Continuation Spent	$40,375	ContinuationSpentAmt
Total Spent	$5,488,222	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (6 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Description Of Non Cash AsstDescriptionOfNonCashAsstTxt	Valuation Method UsedValuationMethodUsedDesc
STUDENT SCHOLARSHIP	MIDDLE EAST AND NORTH AFRICA	1	$15,250	WIRE	NA	NA
STUDENT SCHOLARSHIP	SOUTH ASIA	1	$15,592	WIRE	NA	NA
STUDENT SCHOLARSHIP	SOUTH AMERICA	1	$20,319	WIRE	NA	NA
STUDENT SCHOLARSHIP	SUB-SAHARAN AFRICA	2	$30,026	WIRE	NA	NA
STUDENT SCHOLARSHIP	EAST ASIA AND THE PACIFIC	6	$103,216	WIRE	NA	NA
STUDENT SCHOLARSHIP	EUROPE (INCLUDING ICELAND & GREENLAND)	20	$392,865	WIRE	NA	NA

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (1)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	Yes (1)	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART III ACCOUNTING METHOD:
PART 1, LINE 3:	ACTIVITIES OUTSIDE THE UNITED STATES STUDY PROGRAMS SAINT MICHAEL'S COLLEGE INTERNATIONAL SHORT-TERM STUDY PROGRAMS ARE AN IMPORTANT AND CREATIVE WAY FOR FACULTY AND STUDENTS TO EXPAND THE BOUNDARIES OF THE SAINT MICHAEL'S CAMPUS. SHORT-TERM STUDY PROGRAMS ARE ACADEMIC COURSES DEVELOPED BY FACULTY. TYPICALLY LASTING TWO WEEKS, THESE PROGRAMS INVOLVE STUDY ABROAD, MAY INCLUDE DIRECT INVOLVEMENT IN ISSUES COVERED IN AN ON-CAMPUS COURSE AND PROVIDE DIRECT EXPERIENCE ON A PARTICULAR TOPIC IN A PARTICULAR LOCALE. STUDY ABROAD SAINT MICHAEL'S COLLEGE UTILIZES OVER 20 THIRD-PARTY PROGRAM PROVIDERS AND EXCHANGE PARTNERS TO PROVIDE STUDENTS WITH OPPORTUNITIES TO STUDY IN OVER 70 COUNTRIES. THERE ARE MANY DIVERSE PROGRAMS OFFERINGS FOR A STUDENT'S STUDY ABROAD EXPERIENCE. IN OUR INCREASINGLY GLOBAL SOCIETY, MORE AND MORE STUDENTS RECOGNIZE THE VALUE OF SPENDING A SEMESTER OR A YEAR ABROAD. AGENTS THE COLLEGE'S APPLIED LINGUISTICS DEPARTMENT OFFERS A VARIETY OF ENGLISH LANGUAGE PROGRAMS FOR STUDENTS TO EARN A CERTIFICATE OF COMPLETION AND/OR MASTER'S DEGREE IN TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES. UPON SUCCESSFUL COMPLETION OF THE ADVANCED ENGLISH PROGRAM LEVEL II, A STUDENT MAY MATRICULATE INTO AN UNDERGRADUATE DEGREE PROGRAM AT THE COLLEGE OR ELSEWHERE. THE COLLEGE USES INTERNATIONAL AGENTS TO ASSIST WITH RECRUITING AND ADMISSIONS FOR THESE PROGRAMS. RECRUITING THE COLLEGE HAS ONE FULL-TIME STAFF MEMBER WHO TRAVELS TO RECRUIT INTERNATIONAL STUDENTS AND GROUPS FOR OUR ENGLISH LANGUAGE PROGRAMS AND UNDERGRADUATE ADMISSIONS. THESE EXPENSES ARE PRIMARILY RELATED TO TRAVEL IN EAST ASIA AND EUROPE. SERVICE TRIP THIS REPRESENTS THE IN COUNTRY EXPENSES PAID FOR FLIGHTS, MEALS, SUPPLIES, AND LODGING.
PART II, LINE 1:	GRANTS TO ENTITIES OUTSIDE THE UNITED STATES OUR MOBILIZATION OF VOLUNTEER EFFORTS DEPARTMENT, KNOWN AS MOVE, PROMOTES ONE PRINCIPLE OF THE CATHOLIC FAITH - CHARITY. MOVE PROVIDES OPPORTUNITIES FOR THE COLLEGE'S STUDENTS TO PERFORM COMMUNITY SERVICE WORK DURING THE ACADEMIC YEAR AND DURING SEMESTER AND SUMMER BREAKS AT BOTH DOMESTIC AND INTERNATIONAL SERVICES SITES. SEE SCHEDULE O UNDER PART III STUDENT SERVICES FOR MORE DETAILS. THE PAYMENT REPRESENTS FUNDS RAISED BY STUDENTS TO HELP SUPPORT A NON-PROFIT ORGANIZATION IN THE DOMINICAN REPUBLIC WHERE THEY VOLUNTEER. MOVE IS IN COMMUNICATION WITH THE RECIPIENT ORGANIZATION THROUGHOUT THE YEAR AND HAS GENERAL CONVERSATIONS ABOUT THE ORGANIZATION'S STATUS AND PROJECTS AND MAKES ARRANGEMENTS FOR THE FOLLOWING TRIP. MOVE WORKS WITH ORGANIZATIONS SO STUDENT VOLUNTEERS HAVE A CLEAR VISION ABOUT WHAT IS EXPECTED AND WHAT THEY SHOULD EXPECT WHEN THEY ARRIVE IN THE COUNTRY. PART III: SCHOLARSHIPS SCHOLARSHIPS RELATE TO STUDENTS STUDYING ABROAD FOR A SEMESTER OR A YEAR. ALL SCHOLARSHIPS ARE APPLIED TO THE STUDENT'S ACCOUNT BALANCE. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO STUDENTS ACCEPTED INTO THE STUDY ABROAD PROGRAM.

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	Yes (X)	MailSolicitationsInd
Email Solicitations	Yes (X)	EmailSolicitationsInd
Phone Solicitations	Yes (X)	PhoneSolicitationsInd
In Person Solicitations	Yes (X)	InPersonSolicitationsInd
Agrmt Prof Fundraising Acty	Yes (1)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE ANGELETTI GROUP	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	365 SOUTH STREET - SUITE 100	AddressLine1Txt
City	MORRISTOWN	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07960	ZIPCd

Field	Value	IRS element (for citing)
Fundraiser Control Of Funds	0	FundraiserControlOfFundsInd
Gross Receipts	$0	GrossReceiptsAmt
Retained By Contractor	$215,776	RetainedByContractorAmt
Net To Organization	-$215,776	NetToOrganizationAmt

Field	Value	IRS element (for citing)
Total Retained By Contractors	$215,776	TotalRetainedByContractorsAmt
Total Net To Organization	-$215,776	TotalNetToOrganizationAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SPECTRUM YOUTH AND FAMILY SERVICES	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	31 ELMWOOD AVE	AddressLine1Txt
City	BURLINGTON	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05401	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	030253232	RecipientEIN
IRC Section	501(C)(3)	IRCSectionDesc
Cash Grant	$10,000	CashGrantAmt
Non Cash Assistance	$0	NonCashAssistanceAmt
Valuation Method Used	NA	ValuationMethodUsedDesc
Non Cash Assistance	NA	NonCashAssistanceDesc
Purpose Of Grant	SEE PART IV	PurposeOfGrantTxt

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceDesc
STUDENT SCHOLARSHIPS	1194	$32,637,334	NA
UNDERGRADUATE ENDOWMENT FUNDED AID	364	$2,499,153	NA
UNDERGRATE ATHLETIC GRANTS	203	$3,174,499	NA
SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS	221	$405,336	NA
GRADUATE STUDENT GRANTS	6	$20,053	NA

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART II, LINE 1(H):

THE CONTRIBUTION TO SPECTRUM: YOUTH AND FAMILY SERVICES WAS MADE TO SUPPORT THEIR MISSION TO EMPOWER TEENAGERS, YOUNG ADULTS, AND THEIR FAMILIES TO MAKE AND SUSTAIN POSITIVE CHANGES THROUGH PREVENTION, INTERVENTION, AND LIFE SKILLS SERVICES. THIS ORGANIZATION WAS CHOSEN TO RECIEVE THIS DONATION BY THE COLLEGE'S STUDENT ASSOCIATION WHICH INVITES LOCAL NON-PROFIT ORGANIZATIONS TO APPLY FOR A $10,000 DONATION THROUGH AN APPLICATION PROCESS. THREE ORGANIZATIONS ARE THEN CHOSEN TO EACH MAKE A PRESENTATION TO THE STUDENT BODY DESCRIBING THEIR ORGANIZATION AND IT'S MISSION. THE COLLEGE'S STUDENT THEN VOTE FOR THE ORGANIZATION THEY WANT TO RECIEVE THE DONATION. THE ORGANIZATIONS ARE REQUIRED TO COME BACK TO THE STUDENT ASSOCIATION IN TWO YEARS TO PRESENT THE IMPACT OF THE AWARD.

PART III:

GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S. THE COLLEGE RECOGNIZES THE HIGH COST OF A PRIVATE EDUCATION AND ATTEMPTS TO ADDRESS AS MUCH AS WE PRACTICALLY CAN TO CLOSE THE GAP BETWEEN THE COST OF ATTENDANCE AND FAMILY RESOURCES USING A VARIETY OF SOURCES, INCLUDING FEDERAL, STATE AND INSTITUTIONAL (COLLEGE) FUNDING. THE THREE TYPES OF FINANCIAL ASSISTANCE WE EMPLOY INCLUDES GRANTS AND SCHOLARSHIPS, LOANS, AND STUDENT EMPLOYMENT. THE COLLEGE'S PRACTICE HAS BEEN TO AWARD AID BASED ON MERIT AND/OR NEED TO ALL STUDENTS ACCEPTED FOR ADMISSION. THE AMOUNT OF AID A STUDENT RECEIVES UPON INITIAL ENROLLMENT GENERALLY IS AWARDED FOR EACH YEAR HE/SHE ATTENDS SAINT MICHAEL'S COLLEGE.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DR LORRAINE STERRITT PHD
PRESIDENT/TRUSTEE	$413,008	$0	$0	$0	$5,598	$0	$9,150	$0	$59,744	$0	$487,500	$0	$0	$0
DAWN M ELLINWOOD
VP FOR STUDENT AFFAIRS	$181,169	$0	$0	$0	$0	$0	$5,603	$0	$35,446	$0	$222,218	$0	$0	$0
ROBERT ROBINSON
VP FOR FINANCE/TREASURER	$178,404	$0	$0	$0	$0	$0	$5,613	$0	$34,161	$0	$218,178	$0	$0	$0
KRISTEN MCANDREW
VP ENROLLMENT/MARKETING	$195,240	$0	$0	$0	$0	$0	$5,875	$0	$11,544	$0	$212,659	$0	$0	$0
KRYSTYNA DAVENPORT BROWN
VP INSTITUTIONAL ADVANCEMENT	$165,440	$0	$0	$0	$0	$0	$5,365	$0	$41,721	$0	$212,526	$0	$0	$0
JEFFERY TRUMBOWER
VP ACADEMIC AFFAIRS	$179,247	$0	$0	$0	$0	$0	$5,566	$0	$27,514	$0	$212,327	$0	$0	$0
JEFFREY AYERS
PROFESSOR POLITICAL SCIENCE	$158,033	$0	$0	$0	$0	$0	$3,711	$0	$13,557	$0	$175,301	$0	$0	$0
ALESSANDRO BERTONI
MARKETING DIRECTOR	$115,486	$0	$0	$0	$0	$0	$3,648	$0	$34,885	$0	$154,019	$0	$0	$0
MARY MASON
NURSE PRACTITIONER	$121,181	$0	$0	$0	$0	$0	$3,375	$0	$28,034	$0	$152,590	$0	$0	$0
SUSAN GOKEY
DIRECTOR OF FINANCE	$120,125	$0	$0	$0	$0	$0	$3,711	$0	$15,535	$0	$139,371	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 1A	FormAndLineReferenceDesc
Explanation	COMPENSATION INFORMATION FOR BLIGIBLE EMPLOYEES, COLUMN (D) NONTAXABLE BENEFITS PRIMARILY CONSISTS OF HEALTH CARE AND DENTAL BENEFITS. DETAILS FOR AMOUNTS REPORTED IN COLUMNS B (III) AND COLUMN (D) ARE LISTED BELOW: DR. LORRAINE STERRITT - COLUMN B (III) INCLUDES PERSONAL USE OF A COLLEGE VEHICLE. COLUMN (D) INCLUDES A HOUSING ALLOWANCE OF $42,015.	ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
VT EDU & HEALTH BLDG FINANCE AGY SERIES 2015
A	237154467	924166HA2	2015-11-10	$19,878,406	CONSTRUCTION, EQUIPMENT	0	0	0
VT EDU & HEALTH BLDG FINANCE AGY SERIES 2023
B	237154467	924166LL3	2023-05-24	$36,524,099	CONSTRUCTION, EQUIPMENT, REFUNDING OF SERIES 2012 ISSUED 05/24/12	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Other Spent ProceedsOtherSpentProceedsAmt	UnspentUnspentAmt
A	$2,855,000	$19,878,706	$319,325	$377,716	$19,181,665	2016	0	0	Yes (1)	Yes (1)
B		$36,524,099	$2,785,363	$730,482	$297,736	2024	0	0	Yes (1)	Yes (1)	$23,811,722	$8,898,796

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Any Research AgreementsAnyResearchAgreementsInd	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	0	0	0	0	0	0	Yes (1)
B	0	0	0	0	0	0	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	0	0	0	Yes (1)	0	0	0	0	Yes (1)
B	0	0	0	Yes (1)	0	0	0	0	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (1)
B	Yes (1)

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART II, LINES 16-17 AND FORM 990, PART IV, LINE 24B:	THE 2015 SERIES BONDS WERE USED TO CONSTRUCT AND FURNISH A NEW RESIDENCE HALL. THE PROJECT WAS COMPLETED IN AUGUST 2016. THE COLLEGE MAINTAINS BOOKS AND RECORDS TO SUPPORT ALLOCATION AND TO REQUEST REIMBURSEMENT OF EXPENSES FROM THE BOND TRUSTEE. THE BOND TRUSTEE REVIEWED ALL REQUESTS TO ENSURE THE EXPENSE WAS APPROPRIATE WITHIN THE PURPOSE AS DEFINED IN THE BOND DOCUMENTS. THE 2023 SERIES BONDS WERE ISSUED TO REFINANCE THE 2012 SERIES BONDS. THE COLLEGE'S 2015 SERIES BOND WAS NOT INVESTED BEYOND THE AVAILABLE TEMPORARY PERIOD AS THE BOND CLOSED IN NOVEMBER 2015 AND ALL FUNDS WERE EXPENSED BY APRIL 2018.
PART III, LINE 9 AND PART IV, LINE 7:	ADOPTION OF MANAGEMENT PRACTICES THE COLLEGE HAS WORKED WITH CONSULTANTS AND BOND COUNSEL TO MAKE CERTAIN COLLEGE PERSONNEL IS FAMILIAR WITH THE RULES AND REGULATIONS FOR POST-ISSUANCE COMPLIANCE OF ITS TAX-EXEMPT BOND LIABILITIES. ALL USE OF THE BUILDING IS TRACKED BY THE COLLEGE'S CONFERENCE AND SPECIAL EVENTS DEPARTMENT. THE COLLEGE'S TAX-EXEMPT DEBT POST-ISSUANCE COMPLIANCE POLICY HAVE BEEN CREATED, REVIEWED, AND IMPLEMENTED BY MANAGEMENT AND APPROVED BY THE BOARD OF TRUSTEES.
PART IV, LINE 2C:	ARBITRAGE CALCULATIONS THE INITIAL REBATE CALCULATION FOR THE 2015 SERIES BONDS FOR THE TEMPORARY PERIOD, NOVEMBER 10, 2015 TO NOVEMBER 10, 2018, WAS COMPLETED DECEMBER 6, 2018, AND NO REBATE WAS DUE. THE FIRST FIVE YEAR REBATE CALCULATION FOR THE PERIOD NOVEMBER 10, 2015 TO NOVERMBER 10, 2020, ALSO REFLECTED NO REBATE WAS DUE.
PART V:	PROCEDURES TO UNDERTAKE CORRECTIVE ACTION THE COLLEGE'S TAX-EXEMPT DEBT POST-ISSUANCE COMPLIANCE POLICIES AND PROCEDURES IDENTIFY AND ADDRESS ANY VIOLATIONS OF FEDERAL TAX REQUIREMENTS PURSUANT TO A VOLUNTARY CLOSING AGREEMENT PROGRAM WHERE SELF-REMEDIATION MAY BE UNAVAILABLE.

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$8,449	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	7	ContributionCnt
Noncash Contributions Rpt F990	$121,803	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (1)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, COLUMN (B):	THE COLLEGE IS REPORTING THE NUMBER OF CONTRIBUTIONS RELATED TO EACH TYPE OF PROPERTY THAT WAS RECEIVED DURING FY23.
PART I, LINE 32B:	THE COLLEGE USES A CUSTODIAN TO HOLD AND PROCESS ALL INVESTMENT TRANSACTIONS INCLUDING ASSET SAFEKEEPING AND COLLECTION OF DIVIDENDS AND INTEREST. ALL SECURITY CONTRIBUTIONS ARE DELIVERED TO THE CUSTODIAN WITH THE INSTRUCTION FOR IMMEDIATE SALE.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART I, LINE 1 AND PART III, LINE 1	SAINT MICHAEL'S COLLEGE IS CATHOLIC LIBERAL ARTS RESIDENTIAL COLLEGE COMMITTED TO THE PURSUIT OF ACADEMIC EXCELLENCE, WITH AN UNDERGRADUATE ENROLLMENT OF APPROXIMATELY 1,400 STUDENTS AND 170 GRADUATE AND INTERNATIONAL STUDENTS. WE CREATE AND SUSTAIN AN OPTIMAL LIVING AND LEARNING ENVIRONMENT THAT PROMOTES A VIBRANT INTELLECTUAL LIFE AND CHALLENGES STUDENTS TO ENGAGE IN ACTIVITIES TO EXTEND THEIR MINDS AND EXPERIENCE WITHIN AND BEYOND OUR VERMONT LOCATION.
FORM 990, PART III, LINES 4A	ACADEMIC PROGRAMS AND FINANCIAL SUPPORT THE ACADEMIC PROGRAM IS AT THE HEART OF THE COLLEGE'S MISSION. THE COLLEGE PROVIDES EDUCATION WITH A SOCIAL CONSCIENCE, PRODUCING GRADUATES WITH INTELLECTUAL TOOLS TO LEAD SUCCESSFUL, PURPOSEFUL LIVES THAT WILL CONTRIBUTE TO PEACE AND JUSTICE IN OUR WORLD. SAINT MICHAEL'S COLLEGE STUDENTS PERSONALIZE THEIR EDUCATION THROUGH RESEARCH, INTERNSHIPS, AND SMALL CLASSES, PREPARING THEM FOR A LIFETIME, NOT JUST FOR THEIR FIRST JOB OUT OF COLLEGE. THE ACADEMIC PROGRAM IS RIGOROUS AND CALIBRATED TO THE APPROPRIATE DEVELOPMENTAL LEVELS OF STUDENTS (FIRST-YEAR STUDENTS THROUGH GRADUATE LEVEL). THE UNDERGRADUATE ACADEMIC PROGRAM OFFERS DEGREES IN 26 DIFFERENT MAJORS FOR THE BACHELOR OF ARTS DEGREE AND 17 MAJORS FOR THE BACHELOR OF SCIENCE DEGREE. STUDENTS MAY ALSO CHOOSE FROM 42 MINOR PROGRAMS. THE ACADEMIC PROGRAM FOR GRADUATE STUDENTS INCLUDES 3 PROGRAMS LEADING TO MASTER'S DEGREES IN CLINICAL PSYCHOLOGY, EDUCATION AND TEACHING ENGLISH TO SPEAKERS OF OTHER LANGUAGES. SAINT MICHAEL'S COLLEGE HAS THE FOLLOWING 5 CENTERS SUPPORTING THE ACADEMIC PROGRAMS, CENTER FOR GLOBAL ENGAGEMENT, CENTER FOR EQUITY AND JUSTICE, CENTER FOR THE ENVIRONMENT, CENTER FOR FAITH AND CULTURE, PEACE AND JUSTICE CENTER. THE COLLEGE HAS A ROBUST HONORS PROGRAM WHICH BEGAN IN THE LATE 1980'S, AND RECOGNIZES HIGH ACHIEVEMENT AMONG OUR STUDENTS. THE COLLEGE HAS MADE STRIDES IN EDUCATING STUDENTS BEYOND THE CLASSROOM IN PREPARATION FOR THEIR CAREERS AFTER GRADUATION. THE COLLEGE HAS DEVELOPED A LIFE AFTER COLLEGE PROGRAM AS PART OF OUR CURRENT STRATEGIC PLAN, WHICH INCLUDES DEVELOPMENT OF A COHESIVE STUDENT EMPLOYMENT PROGRAM AND A MORE EXTENSIVE FOCUS ON INTERNSHIPS AND RESEARCH. SAINT MICHAEL'S COLLEGE EMPHASIZES THE IMPORTANCE OF EXPERIENTIAL LEARNING AS A KEY DRIVER OF STUDENTS' LIFETIME WELL-BEING AND ENGAGEMENT. THE ACADEMIC PROGRAM IS SUPPORTED BY MANY PROFESSIONAL AND ADMINISTRATIVE STAFF INCLUDING INFORMATION TECHNOLOGY (IT), ACADEMIC ENRICHMENT PROGRAMS, LIBRARY AND INFORMATION SERVICES (LIS), REGISTRAR'S OFFICE, THE VICE PRESIDENT OF ACADEMIC AFFAIRS AND THE DEAN. THE IT DEPARTMENT IS COMMITTED TO CREATING A ROBUST TECHNOLOGY ENVIRONMENT FOR THE COLLEGE'S STUDENTS, FACULTY AND STAFF. THEY SUPPORT ADMINISTRATIVE APPLICATIONS, INSTRUCTIONAL TECHNOLOGY SERVICES, ALL OF WHICH SUPPORT THE MISSION AND GOALS OF THE COLLEGE BY PROVIDING ITS CONSTITUENTS WITH A RELIABLE, SECURE, AND FAST CAMPUS NETWORK; SUPPORT FOR THE APPROPRIATE INTEGRATION OF TECHNOLOGY INTO TEACHING AND RESEARCH; AND TECHNOLOGY SUPPORT FOR ADMINISTRATIVE OPERATIONS. SAINT MICHAEL'S COLLEGE IS COMMITTED TO STUDENTS' ACADEMIC SUCCESS THEREFORE, IN ADDITION TO ACADEMIC ENRICHMENT PROGRAMS DESIGNED TO ENHANCE THE LEARNING EXPERIENCE, A VARIETY OF SERVICES ARE OFFERED TO ENSURE THAT OUR STUDENTS GET THE MOST OUT OF THEIR EDUCATION INCLUDING INDEPENDENT STUDIES, CENTER FOR STUDENT DIVERSITY, EMPOWERMENT, AND COMMUNITY, WOMEN AND GENDER CENTER, SERVICE LEARNING, STUDENT/FACULTY RESEARCH AND INTERNSHIPS TO NAME A FEW. THESE SERVICES AND ACTIVITIES ARE DESIGNED TO ASSIST OUR STUDENTS IN ENHANCING THEIR LEARNING OPPORTUNITIES IN ORDER TO ACHIEVE THEIR FULLEST INTELLECTUAL DEVELOPMENT. ACADEMIC ENRICHMENT ALSO SUPPORTS FACULTY IN OFFERING EXTRA-CURRICULAR ACTIVITIES THAT ENHANCE THEIR CLASSROOM TEACHING AND IN DESIGNING INNOVATIVE COMPONENTS TO THEIR COURSES THAT FOSTER EXPERIENTIAL LEARNING. LIS PROVIDES STUDENTS, FACULTY, AND STAFF WITH THE INFORMATION RESOURCES AND SERVICES THEY NEED FOR STUDY, TEACHING AND RESEARCH. THE LIBRARY STRIVES TO DETERMINE COMMUNITY NEEDS AND RESPOND TO THEM BY SHAPING ITS RESOURCES AND SERVICES TO PROVIDE THE BEST POSSIBLE SUPPORT FOR THE ACADEMIC PROGRAM.
FORM 990, PART III, LINE 4B	AUXILIARY ENTERPRISES AS A 100% RESIDENTIAL COLLEGE, WE MAKE LIVING ON CAMPUS JUST AS IMPORTANT A LEARNING EXPERIENCE AS THE CURRICULUM IN THE CLASSROOMS. THEREFORE, IN ADDITION TO EXPENSES ASSOCIATED WITH ON-CAMPUS DINING SERVICES, AUXILIARY SERVICES EXPENSES INCLUDE RESIDENCE HALL BOND INTEREST, DEPRECIATION EXPENSE AND COSTS RELATED TO THE BOOKSTORE, PRINTING AND MAILING SERVICES, SPECIAL EVENTS, SUMMER PLAYHOUSE AND OTHER AUXILIARY PROGRAMS THAT SUPPORT OUR STUDENTS' LIVING AND LEARNING EXPERIENCE. AS PART OF THE RESIDENTIAL EXPERIENCE, THERE ARE UNIQUE HOUSING OPTIONS AVAILABLE ON CAMPUS BASED ON COMMON INTERESTS THAT STUDENTS SHARE SUCH AS GREAT HOUSING (ALCOHOL AND DRUG FREE), HONORS HOUSING, LGBTQIA HOUSING, AND THE GEAR (GLOBAL EXPERIENCE ACADEMIC RESIDENTIAL) PROGRAM HOUSING WHICH PROVIDES AN OPPORTUNITY FOR U.S. STUDENTS TO LIVE WITH INTERNATIONAL STUDENTS. DINING ON CAMPUS PROVIDES THE SOCIAL EXPERIENCE ESSENTIAL TO A WELL-ROUNDED CAMPUS LIFE.
FORM 990, PART III, LINE 4C	STUDENT SERVICES STUDENTS ARE AT THE CENTER OF THE COLLEGE'S MISSION. WHILE THE ACADEMIC ELEMENTS ARE FOREMOST, SUPPORTING THE STUDENTS' PERSONAL DEVELOPMENT IS VITAL AS WELL. THE OFFICES OF ADMISSIONS, STUDENT LIFE, EDMUNDITE CAMPUS MINISTRY, ADVENTURE SPORTS CENTER, ATHLETICS AND MANY STUDENT CLUBS WORK TO ENHANCE STUDENTS' PERSONAL GROWTH AS WELL AS THEIR ACADEMIC SUCCESS. TO SUPPLEMENT THE ACADEMIC CULTURE ON CAMPUS AND ENRICH OVERALL QUALITY OF THE COLLEGE EXPERIENCE, A VARIETY OF WEEKEND PROGRAMS IS OFFERED TO STUDENTS, ALONG WITH MANY OUTDOOR PROGRAMS SUCH AS THE SKI PASS, A VARIETY OF MINISTRY PROGRAMS, AND COMMUNITY SERVICE OPPORTUNITIES THROUGH MOVE (MOBILIZATION OF VOLUNTEER EFFORTS). THE OFFICE OF STUDENT ACTIVITIES STRIVES TO PROVIDE STUDENTS OPPORTUNITIES TO DEVELOP AS ETHICAL LEADERS AND ENGAGED CITIZENS, AND OFFERS A WIDE VARIETY OF PROGRAMS AND ACTIVITIES DESIGNED TO MEET THEIR NEEDS. THE COLLEGE HAS EMBRACED THE YOU COUNT PROGRAM (COMMUNITY, OWNERSHIP, UNITY IN DIVERSITY, NOTICE EACH OTHER AND TAKE CARE OF SELF AND OTHERS) WHICH FOSTERS AN INCLUSIVE AND SEAMLESS LEARNING ENVIRONMENT THAT ENHANCES ENGAGEMENT, AWARENESS AND PERSONAL DEVELOPMENT. EDUCATIONAL PROGRAMS OFFERED IN THE RESIDENCE HALLS HELP TO BRING PEOPLE TOGETHER WHO MIGHT NOT HAVE OTHERWISE MET, HELP PEOPLE TO BETTER KNOW EACH OTHER, AND EXPOSE INDIVIDUALS TO NEW IDEAS AND BELIEFS. FLOOR VISITORS DIALOGUE PROGRAMS PROVIDE AN ENVIRONMENT CONDUCIVE FOR FACULTY, STAFF AND STUDENT DIALOGUE ABOUT ACADEMIC AND COMMUNITY PURSUITS. THESE ARE A SAMPLE OF THE PROGRAMMING OFFERED TO STUDENTS IN THE RESIDENCE HALLS. THE OFFICE OF STUDENT ACTIVITIES ASSISTS THE STUDENT GOVERNMENT ON CAMPUS AS WELL AS STUDENT CLUBS. APPROXIMATELY 95% OF THE STUDENT POPULATION PARTICIPATES IN STUDENT ACTIVITIES PROGRAMS. THE COLLEGE EMBRACES AND SUPPORTS STUDENTS' COMMITMENT TO COMMUNITY SERVICES REFLECTED BY THE FACT THAT ABOUT 50% OF OUR STUDENTS PARTICIPATE IN A SERVICE ACTIVITY THROUGH OUR MOVE PROGRAM PART OF EDMUNDITE CAMPUS MINISTRY. THE FUNDAMENTAL OBJECTIVE OF EDMUNDITE CAMPUS MINISTRY IS TO HELP STUDENTS, FACULTY AND STAFF REFLECT ON AND CELEBRATE THE SPIRITUAL AND RELIGIOUS DIMENSIONS OF THEIR LIVES WHILE AT SAINT MICHAEL'S COLLEGE. PROGRAMS SUCH AS RETREATS, LITURGIES, SPIRITUAL DIRECTION, AND PRAYERFUL REFLECTION MEALS ARE DESIGNED TO ENCOURAGE EVERYONE TO STEP BACK AND EXPERIENCE LIFE AT ITS DEEPEST, MOST MEANINGFUL LEVEL. ABOUT 5% OF OUR STUDENT POPULATION IS INVOLVED IN WEEKLY OR DAILY WORSHIP AS WELL AS ATTENDANCE IN THESE PROGRAMS.
FORM 990, PART VI, SECTION B, LINE 11B	FORM 990 REVIEW PROCESS FORM 990 SCHEDULES ARE PREPARED BY COLLEGE PERSONNEL WITH GUIDANCE AND REVIEW FROM EXTERNAL TAX PREPARERS WHO SIGN AND FILE THE FORM. PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE EACH MEMBER OF THE BOARD OF TRUSTEES WAS PROVIDED FORM 990 AND ALL SCHEDULES, EXCEPT SCHEDULE B, CONTRIBUTION DETAIL, IN ORDER TO RESPECT OUR DONORS' CONFIDENTIALITY.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICT OF INTEREST POLICY THE SECRETARY OF THE COLLEGE DISTRIBUTES THE CONFLICT OF INTEREST POLICY, QUESTIONNAIRE AND CERTIFICATION ANNUALLY TO TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE SECRETARY REVIEWS THE RESPONSES AND POTENTIAL CONFLICTS ARE BROUGHT TO THE TRUSTEESHIP AND MISSION COMMITTEE FOR REVIEW AND RESOLUTION. A LIST OF INTERLOCKING BOARDS IS MAINTAINED TO ASSIST IN DETERMINING IF POTENTIAL CONFLICTS ARISE DURING THE YEAR. THE TRUSTEESHIP AND MISSION COMMITTEE SUBMITS NAMES FOR BOARD RECRUITMENT AND VETS ANY CONFLICT ISSUES. THIS COMMITTEE PROVIDES INFORMATION TO THE EXECUTIVE COMMITTEE FOR CONSIDERATION AND NOMINATION.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION POLICY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, EXCLUDING THE COLLEGE PRESIDENT, IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE EXECUTIVE OFFICERS OF THE COLLEGE. THE EXECUTIVE COMMITTEE MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES. THE EXECUTIVE COMMITTEE HAS THE RESPONSIBILITY FOR DECISIONS REGARDING COMPENSATION IN ALL ITS CURRENT AND POTENTIAL FORMS FOR THE EXECUTIVE OFFICERS OF THE COLLEGE. THE VICE PRESIDENT OF HUMAN RESOURCES PROVIDES INDEPENDENT COMPENSATION DATA, E.G. NACUBO, CUPA, ETC. AND ANALYSIS TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO REVIEW SURVEY DATA REGARDING COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS OF THE COLLEGE. THE MEETING WAS ON OCTOBER 18, 2017 FOR THE FISCAL YEAR INCLUDED IN THIS RETURN. THE COLLEGE COMPLIES WITH THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD, AS OUTLINED IN TREASURY REGULATIONS SECTION 53.4958-6: (1) EXECUTIVE COMPENSATION IS AUTHORIZED BY AN INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS, (2) THE COMMITTEE AUTHORIZING EXECUTIVE COMPENSATION OBTAINS AND RELIES ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING DETERMINATIONS, AND (3) THE COMMITTEE ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATIONS CONCURRENTLY WITH MAKING THE DETERMINATIONS.
FORM 990, PART VI, SECTION C, LINE 19	PUBLIC DISCLOSURE POLICY THE COLLEGE IS A PRIVATE ORGANIZATION AND THEREFORE BY LAW, IS NOT REQUIRED TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. IN THE INTEREST OF TRANSPARENCY, THE COLLEGE COMPLIES WITH REQUESTS FOR THIS INFORMATION FROM THE FEDERAL AND STATE REGULATORY AGENCIES, OUR ACCREDITATION AGENCY, AND OTHER ENTITIES OR INDIVIDUALS IN THE ORDINARY COURSE OF BUSINESS. THE COLLEGE POSTS THE MOST RECENT THREE YEARS OF FORM 990 AND 990-T ON OUR WEBSITE.
FORM 990, PART VI, SECTION B, LINE 14	DOCUMENT RETENTION AND DESTRUCTION POLICY THE COLLEGE HAS A HIGH-LEVEL DOCUMENT RETENTION AND DESTRUCTION POLICY AND FOLLOWS SPECIFIC GUIDELINES PROVIDED BY THE INTERNAL REVENUE SERVICE AND RELEVANT REGULATIONS WITH RESPECT TO RECORDS RETENTION AND DESTRUCTION INCLUDING THE PROVISIONS OF VERMONT LAW (9 VSA PART 3 CHAPTER 62 SUBCHAPTER 4 DOCUMENT SAFE DESTRUCTION ACT) WITH RESPECT TO DISPOSAL OF DOCUMENTS CONTAINING CONFIDENTIAL INFORMATION. ANOTHER RESOURCE UTILIZED BY THE COLLEGE IS "RECORD RETENTION AND DISPOSAL: A MANUAL FOR COLLEGE DECISION MAKERS", WHICH PROVIDES THE COLLEGE WITH A GUIDE TO THE APPLICABLE LAWS, REGULATIONS AND OTHER CONSIDERATIONS FOR ALL AREAS OF OUR BUSINESS, INCLUDING EMPLOYMENT AND ADMISSIONS APPLICATIONS, PAYROLL, STUDENT RECORDS, FINANCIAL, TAX AND CONTRIBUTIONS RECORDS AS WELL AS FEDERAL REPORTING SPECIFIC TO THE HIGHER EDUCATION INDUSTRY.
FORM 990, PART XI, LINE 9:	OTHER NON OPERATING EXP -861. EXPENSE NETTED AGAINST REVENUE -11,978. PLEDGE WRITE OFF FROM PRIOR YEAR -762,197.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd	Direct Controlling NADirectControllingNACd
SAINT MICHAELS COLLEGE FIRE & RESCUE
ONE WINOOSKI PARK	COLCHESTER	VT	05439	201120657	FIRE & RESCUE	VT	501(C)(3)	7	SMC	Yes (1)
MERRILL CEMETARY ASSOCIATION INC
ONE WINOOSKI PARK	COLCHESTER	VT	05439	010868920	CEMETARY	VT	501(C)(13)		SMC	Yes (1)
GREEN MTN HIGHER EDUCATION CONSORTIUM
84 SOUTH SERVICE ROAD RM202B	MIDDLEBURY	VT	05753	901113280	CONSORTIUM	VT	501(C)(3)	509(A)(3)I		0	N/A

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (1)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
SAINT MICHAEL'S COLLEGE FIRE & RESCUE
N	$81,650	FMV
SAINT MICHAEL'S COLLEGE FIRE & RESCUE
Q	$262,256	COST