2024-05-15T12:24:36-05:00 2023-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2022-07-01 042103638 WHEATON COLLEGE WHEA 5082868200 26 EAST MAIN STREET NORTON MA 02766 ROGER STACKPOOLE VICE PRESIDENT FINANCE & ADMIN. 5082868200 2024-05-15 1 ROGER STACKPOOLE XXX-XX-XXXX 0 LYNNE JOHNSON P00757336 2123721000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROGER STACKPOOLE 26 EAST MAIN STREET NORTON MA 02766 251523136 0 X HTTPS://WHEATONCOLLEGE.EDU X 1834 MA WHEATON COLLEGE PROVIDES A TRANSFORMATIVE LIBERAL ARTS EDUCATION, COMBINING THEORY AND PRACTICE, FOR INTELLECTUALLY CURIOUS STUDENTS WITHIN A COLLABORATIVE AND VIBRANT EXTENDED COMMUNITY AND NETWORK THAT VALUES AND STRIVES TO CREATE AN EQUITABLE AND JUST WORLD. 36 35 1560 500 348531 208150 35952466 18645184 117639364 121231811 24949355 12764869 1694759 1608228 180235944 154250092 66823665 67914103 0 0 42663761 47888775 0 0 3254758 41028529 43575564 150515955 159378442 29719989 -5128350 437299904 438679115 101469240 97600946 335830664 341078169 WHEATON COLLEGE PROVIDES A TRANSFORMATIVE LIBERAL ARTS EDUCATION, COMBINING THEORY AND PRACTICE, FOR INTELLECTUALLY CURIOUS STUDENTS WITHIN A COLLABORATIVE AND VIBRANT EXTENDED COMMUNITY AND NETWORK THAT VALUES AND STRIVES TO CREATE AN EQUITABLE AND JUST WORLD. 0 0 142973341 67914103 122069755 TO PROVIDE A TRANSFORMATIVE LIBERAL ARTS EDUCATION FOR INTELLECTUALLY CURIOUS STUDENTS IN A COLLABORATIVE, ACADEMICALLY VIBRANT RESIDENTIAL COMMUNITY THAT VALUES A DIVERSE WORLD. 142973341 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 X 257 0 1 1560 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 35 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA NY X SARAH LANGIS 5082868200 26 EAST MAIN STREET NORTON MA 02766 MICHAELE WHELAN PRESIDENT AND EX OFFICIO TRUSTEE 40.00 0.00 X X 499393 0 81971 KENNETH BABBY TRUSTEE 2.00 0.00 X 0 0 0 ANSON M BEARD JR TRUSTEE 2.00 0.00 X 0 0 0 BARBARA BRITTINGHAM TRUSTEE 2.00 0.00 X 0 0 0 PRISCILLA CAREY TRUSTEE 2.00 0.00 X 0 0 0 NANCY CARLSON TRUSTEE 2.00 0.00 X 0 0 0 MARYANN E CARROLL TRUSTEE 2.00 0.00 X 0 0 0 SUE CURRAN TRUSTEE 2.00 0.00 X 0 0 0 KYMBERLEE DWINELL TRUSTEE 2.00 0.00 X 0 0 0 HENRIETTA GATES TRUSTEE 2.00 0.00 X 0 0 0 MATTHEW GOLD TRUSTEE 2.00 0.00 X 0 0 0 CECILIA GREENE TRUSTEE 2.00 0.00 X 0 0 0 INDIRA HENARD TRUSTEE 2.00 0.00 X 0 0 0 CHERYL KEAMY TRUSTEE 2.00 0.00 X 0 0 0 PATRICIA KING TRUSTEE 2.00 0.00 X 0 0 0 TONY LAING TRUSTEE 2.00 0.00 X 0 0 0 PAULA LALIBERTE TRUSTEE 2.00 0.00 X 0 0 0 KEVIN LAM TRUSTEE 2.00 0.00 X 0 0 0 RYAN O LETADA TRUSTEE 2.00 0.00 X 0 0 0 ANDREW LOUNDER TRUSTEE 2.00 0.00 X 0 0 0 KENDRA MALLOY TRUSTEE 2.00 0.00 X 0 0 0 ADRIENNE B MARS TRUSTEE 2.00 0.00 X 0 0 0 CHRISTOPHER B PAQUET TRUSTEE 2.00 0.00 X 0 0 0 KAREN L PFEIL TRUSTEE 2.00 0.00 X 0 0 0 MARCUS RELTHFORD TRUSTEE 2.00 0.00 X 0 0 0 KATHYRN SCHNEIDER EX OFFICIO TRUSTEE, PRESIDENT OF ALUMNI BOARD 2.00 0.00 X 0 0 0 AUSTIN SIMKO TRUSTEE 2.00 0.00 X 0 0 0 BRIAN R SMILEY TRUSTEE 2.00 0.00 X 0 0 0 DIANA D SPENCER TRUSTEE 2.00 0.00 X 0 0 0 JOHN C TALANIAN TRUSTEE 2.00 0.00 X 0 0 0 ERIC C TOMASINI TRUSTEE 2.00 0.00 X 0 0 0 CORNELIA C WAREHAM TRUSTEE 2.00 0.00 X 0 0 0 BENJAMIN C WHITE TRUSTEE 2.00 0.00 X 0 0 0 ELENA WONG TRUSTEE 2.00 0.00 X 0 0 0 JANET L LEBOVITZ TRUSTEE, BOARD CHAIR 2.00 0.00 X X 0 0 0 KIRK KOLENBRANDER TRUSTEE, BOARD VICE CHAIR 2.00 0.00 X X 0 0 0 WALTER CAFFEY VP ENROLLMENT DEAN OF ADMISSION & STUDENT AID 40.00 0.00 X 236956 0 55519 TOUBA GHADESSI INTERIM PROVOST VP OF ACADEMIC AFFAIRS 40.00 0.00 X 230372 0 45017 ROGER STACKPOOLE VP FOR FIN ADMINISTRATION/BOARD TREASURER 40.00 0.00 X 210322 0 55816 MERRITT CROWLEY VP FOR COLLEGE ADVANCEMENT 40.00 0.00 X 221191 0 32477 GENE BEGIN VP FOR MARKETING COMMUNICATIONS (THRU 1/13/2023) 40.00 0.00 X 184803 0 47748 DARNELL PARKER VP FOR STUDENT AFFAIRS & DEAN OF STUDENTS 40.00 0.00 X 194950 0 30111 PAMELA VAZ BOARD SECRETARY 40.00 0.00 X 70042 0 29002 SUZI ROBINSON VP FOR MARKETING & COMMUNICATIONS (FROM 3/30/23) 40.00 0.00 X 0 0 0 JEFFREY CUTTING ASSOCIATE VP OF ENROLLMENT 40.00 0.00 X 164229 0 45446 JOHN SULLIVAN ASST VP OF BUS SVCS & PHYSICAL PLANT (THRU 5/31/23) 40.00 0.00 X 176134 0 18404 JOSEPH LACASCIO AVP CISO INFORMATION TECHNOLOGY SERVICES 40.00 0.00 X 162616 0 26210 OMAIRA ROY ASSOCIATE VP OF HUMAN RESOURCES 40.00 0.00 X 164773 0 18513 IMRAN CHOWDHURY DIANA DAVIS SPENCER CHAIR OF SOCIAL ENTREPRENEURSH 40.00 0.00 X 161765 0 19206 DENNIS HANNO FORMER PRESIDENT AND EX OFFICIO TRUSTEE 0.00 0.00 X 502205 0 4391 PHILIP SHAPIRO FORMER INTERIM VP FINANCE & ADMIN./BOARD TREASURER 0.00 0.00 X 120169 0 45 ZACHARY IRISH ASSOC VP FOR STUD. AFFAIRS/FORMER DEAN OF STUD. 40.00 0.00 X 121680 0 82213 3421600 0 592089 54 1 1 0 ARAMARK 1101 MARKET STREET PHILADELPHIA PA 19107 DINING SERVICES 6130565 COMMODORE BUILDERS 404 WYMAN STREET SUITE 400 WALTHAM MA 02451 CONSTRUCTION SERVICES 2831224 SECURITAS SECURITY SERVICES USA INC 225 WATER STREET STE B110 PLYMOUTH MA 02360 SECURITY CONTRACTING 957840 CRYAN LANDSCAPING CONTRACTORS INC 41 WALTON STREET ATTLEBORO MA 02703 LANDSCAPING SERVICES 898890 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE RESTON VA 20191 SOFTWARE CONSULTING 527132 29 27850 4555777 14061557 2589892 18645184 TUITION AND FEES 611310 99243701 99243701 ROOM AND BOARD 611310 21779638 21779638 EDUCATION DEPARTMENT S 611310 208472 208472 121231811 4082754 79037 4003717 293639 293639 356474 84229 272245 272245 272245 105513691 33492 97140058 18649 8373633 14843 8388476 8388476 28533 27850 30108 -1575 -1575 CONFERENCE AND EVENTS 711300 675389 405895 269494 STUDENT PARKING PERMIT 812930 143925 143925 AUXILIARY FEES 611310 91725 5530 86195 426519 426519 1337558 154250092 122069755 348531 13186622 66220553 66220553 1693550 1693550 2284132 977122 780036 526974 33968405 30239732 2499946 1228727 2514269 2238391 183363 92515 6597581 5743076 554234 300271 2524388 2181265 223566 119557 4338 4338 196985 196985 2243067 1839076 403991 9980301 8966899 769203 244199 736746 720325 14769 1652 907501 463944 278176 165381 2342157 1218571 974035 149551 4537585 4279915 257670 1277721 1175269 35581 66871 312213 168161 36717 107335 3164737 3164737 9066154 8650341 387871 27942 772888 772888 ENTM'T, EVENTS, & MEALS 1984686 751308 1084312 149066 REPAIRS AND MAINTENANCE 1774945 1674503 98482 1960 GLOBAL PROGRAMMING 1406703 1406703 LIBRARY & SUBSCRIPTIONS 844629 836502 2344 5783 2022208 755247 1199987 66974 159378442 142973341 13150343 3254758 6069961 5990352 14072713 15006191 13738262 4792830 941411 2396716 1156503 779981 1676720 1465125 280462938 145696995 137866703 134765943 131715526 141399722 115821054 120897392 14241051 11184863 437299904 438679115 9477174 7732837 1376507 1078044 86350601 84955438 4264958 3834627 101469240 97600946 X 100855697 110651194 234974967 230426975 335830664 341078169 437299904 438679115 -5128350 10375855 0 X 0 1 X 1 1 1 X 9297630 16742945 28370266 35952466 18645184 109008491 9297630 16742945 28370266 35952466 18645184 109008491 10595980 98412511 4762904 4492081 2845277 3592221 4653830 20346313 1367314 195206 501952 209237 2273709 776435 689487 78397 137326 258653 1940298 133568811 578849383 0.73680 0.73420 X SCHEDULE A, PART I, LINE 7 THE BASIS OF WHEATON COLLEGE'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATIONS AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANIZATION HAS CHECKED BOX 7 ON SCHEDULE A, PART 1 AND COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B. SCHEDULE A, PART I, LINE 10 THE AMOUNT ON LINE 10 INCLUDES FUNDRAISING INCOME, AUXILIARY FEES, AND STUDENT PARKING PERMIT INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 17263 17263 0 PART II-B, LINE 1: THE AMOUNT ON LINE 1I REFLECTS MEMBERSHIP DUES PAID TO MEMBER ORGANIZATIONS, INCLUDING NACUBO AND AICUM, WHICH MAY ENGAGE IN LOBBYING ACTIVITIES IN CONNECTION WITH ISSUES THAT IMPACT HIGHER EDUCATION. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTED TO LOBBYING ACTIVITIES. THE COLLEGE DOES NOT DIRECTLY PARTICIPATE IN THESE LOBBYING ACTIVITIES. 830049 48465 10000 X X 0 241464278 9374796 22035661 6177509 7712675 2766071 256218480 266877707 8003560 -18699979 4752319 6689460 3275231 241464278 210646508 8605089 66034098 5523061 7278463 5606464 266877707 212982445 5127436 6340842 4289797 6416640 3097778 210646508 211880928 3395287 12418742 4075466 6409631 4227415 212982445 0.18000 0.80000 0.02000 0 0 3030698 3030698 243869473 120078927 123790546 18351356 13812587 4538769 15211411 11805481 3405930 134765943 MULTI-STRATEGY 41305638 F HEDGED EQUITY - DEVELOPING AND EMERGING 40578586 F PRIVATE EQUITY 20873733 F REAL PROPERTY 13211363 F DOMESTIC AND INTERNATIONAL EQUITY 1735213 F FIXED INCOME 1393894 F REAL ESTATE 822701 F OTHER 976264 F 120897392 ANNUITY AND LIFE INCOME OBLIGATIONS 1233660 GOVERNMENT ADVANCES FOR STUDENT LOANS 606139 ASSET RETIREMENT OBLIGATIONS 1994828 3834627 X 94940875 10375855 -67442005 -57066150 152007025 2243067 2243067 154250092 89693370 114337 114337 89579033 2243067 67556342 69799409 159378442 PART III, LINE 4: THE COLLEGE'S COLLECTION ITEMS INCLUDE RARE BOOKS, HISTORICAL ARTIFACTS AND ART WORK THAT ARE USED FOR SCHOLARLY RESEARCH, PUBLIC EXHIBITIONS, AND TO DOCUMENT THE HISTORY OF THE COLLEGE. PART V, LINE 4: THE COLLEGE'S ENDOWMENT FUNDS PROVIDE INCOME AND SUPPORT FOR THE FURTHERANCE OF THE EDUCATIONAL MISSION OF THE COLLEGE IN ACCORDANCE WITH THE DONORS' INTENTIONS. THE MAJORITY OF THE DONOR RESTRICTED ENDOWMENT IS HELD FOR SCHOLARSHIP, TEACHING, AND PROGRAM EXPENSES. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE-LIKELY-THAN-NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE COLLEGE HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE COLLEGE HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE COLLEGE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE COLLEGE'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. SCHEDULE D, PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP AND GRANTS PROVIDED TO STUDENTS OF $67,556,342 IS PRESENTED AS A CONTRA-REVENUE ITEM IN THE AUDITED FINANCIAL STATEMENTS AND AS AN EXPENSE ITEM IN THE FORM 990. FUNDRAISING EVENT EXPENSES OF $30,108 AND RENTAL EXPENSES OF $84,229 ARE SHOWN AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS AND AS A CONTRA-REVENUE ITEM ON THE FORM 990. SCHEDULE D, PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES OF $30,108 AND RENTAL EXPENSES OF $84,229 ARE SHOWN AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS AND AS A CONTRA-REVENUE ITEM ON THE FORM 990. SCHEDULE D, PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AND GRANTS PROVIDED TO STUDENTS OF $67,556,342 IS PRESENTED AS A CONTRA-REVENUE ITEM IN THE AUDITED FINANCIAL STATEMENTS AND AS AN EXPENSE ITEM IN THE FORM 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WHEATON COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM THE NORTHEAST REGION OF THE UNITED STATES, AS WELL AS FROM MANY OTHER U.S. STATES AND TERRITORIES AND MORE THAN 40 FOREIGN COUNTRIES. THE COLLEGE FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO ITS STUDENTS AND ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. THE COLLEGE'S WEBSITE INCLUDES A SECTION DEDICATED TO THE COLLEGE'S DIVERSITY AND INCLUSION STRATEGIC PLAN, VISION, AND MISSION STATEMENT. SCHEDULE E, PART I, LINE 2: WHEATON COLLEGE IS COMMITTED TO THE PRINCIPLES OF EQUAL OPPORTUNITY AS DEFINED UNDER FEDERAL AND STATE LAW. THE COLLEGE'S NOTICE OF NONDISCRIMINATION IS AVAILABLE ON ITS WEBSITE AT HTTPS://WHEATONCOLLEGE.EDU/POLICIES/EQOPP/ AND REFERENCED ON ITS ADMISSION WEBPAGES. SCHEDULE E, PART I, LINE 6: STUDENTS RECEIVE FINANCIAL AID FROM STATE AND FEDERAL AGENCIES BASED ON PREDETERMINED FINANCIAL AND SCHOLASTIC GUIDELINES CONSISTENT WITH THE COLLEGE'S EDUCATIONAL MISSION. DURING FISCAL YEAR 2023 THE COLLEGE ACCEPTED FUNDING FROM THE FEDERAL EMERGENCY MANAGEMENT AGENCY FOR COVID 19 PANDEMIC RELATED EXPENSES. IN DECEMBER 2020, THE CONSOLIDATED APPROPRIATIONS ACT REMOVED THE RESTRICTION AND ALLOWED ORGANIZATIONS THAT QUALIFY TO RETROACTIVELY APPLY FOR THE ERTC SO LONG AS THE SAME WAGES WERE NOT USED FOR BOTH PPP FORGIVENESS AND ERTC. THE COLLEGE IS ELIGIBLE FOR AND HAS MET ALL THE CONDITIONS TO QUALIFY FOR AN ERTC OF $10,107,287, WHICH WAS RECOGNIZED IN GOVERNMENT GRANTS AND CONTRACTS DURING THE FISCAL YEAR ENDED JUNE 30, 2022. $795,623 AND $6,863,793 RELATED TO THE ERTC WAS IN INCLUDED IN ACCOUNTS RECEIVABLE AND OTHER ASSETS AS OF JUNE 30, 2023 AND 2022, RESPECTIVELY. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 84640210 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 16500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 16950 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CONFERENCE/EVENTS 107 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 88391 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ADMISSIONS 1785 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 205100 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 6677750 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 1112231 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES FACULTY RESEARCH 1582 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES CONFERENCE/EVENTS 5102 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 FUNDRAISING ADVANCEMENT 320 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 1318500 NORTH AMERICA 0 0 PROGRAM SERVICES CONFERENCE/EVENTS 565 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 59306 SOUTH AMERICA 0 0 GRANTMAKING 88250 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 106189 SOUTH ASIA 0 0 GRANTMAKING 48200 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 17000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 23835 0 0 0 0 0 0 91646793 2781080 94427873 SCHOLARSHIPS TO STUDENTS EUROPE 60 1318500 TUITION OFFSET FMV SCHOLARSHIPS TO STUDENTS EAST ASIA AND THE PACIFIC 10 205100 TUITION OFFSET FMV SCHOLARSHIPS TO STUDENTS SOUTH AMERICA 4 88250 TUITION OFFSET FMV SCHOLARSHIPS TO STUDENTS SOUTH ASIA 4 48200 TUITION OFFSET FMV SCHOLARSHIPS TO STUDENTS SUB-SAHARAN AFRICA 1 17000 TUITION OFFSET FMV SCHOLARSHIPS TO STUDENTS CENTRAL AMERICA AND THE CARIBBEAN 1 16500 TUITION OFFSET FMV 1 0 1 1 0 0 PART I, LINE 2: THE COLLEGE IS COMMITTED TO MAKING STUDY ABROAD PROGRAMS AVAILABLE TO AS WIDE A RANGE OF STUDENTS AS POSSIBLE. AS A RESULT, THE NUMBER OF WHEATON STUDENTS WHO STUDY ABROAD IS CONSISTENTLY HIGH. STUDENTS GENERALLY PAY THE COLLEGE ITS TUITION WITH OFFSETTING SCHOLARSHIPS PROVIDED IN ACCORDANCE WITH STANDARD COLLEGE FINANCIAL AID POLICIES AND PROCEDURES. THE COLLEGE PAYS THE FOREIGN SCHOOL'S TUITION TO PROVIDE INSTRUCTION. PART I, LINE 3: THE STUDY ABROAD PROGRAMS ARE SEPARATELY TRACKED IN THE COLLEGE'S GENERAL LEDGER SYSTEM BY ACTIVITY AND THE AMOUNTS REPRESENT TUITION PAYMENTS FOR STUDENTS AND FACULTY LIAISONS REFLECTED IN COLUMN (F). THE ADMISSIONS RECRUITING, FUNDRAISING AND FACULTY RESEARCH AMOUNTS ARE TRACKED PRIMARILY USING THE COLLEGE'S CREDIT CARD SYSTEM AND REPRESENT TRAVEL, MEALS AND LODGING COSTS FOR COLLEGE EMPLOYEES CONDUCTING BUSINESS IN THESE REGIONS. ALL EXPENSES ARE UNDER THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: GOLF TOURNAMENT 56383 27850 28533 29748 360 56383 27850 28533 29748 360 30108 -1575 1 SCHOLARSHIPS TO STUDENTS 1671 65935553 FMV REDUCTION OF STUDENT BALANCE FOR TUITION OWED TO THE COLLEGE FELLOWSHIP-STIPEND 102 285000 PART I, LINE 2: THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES IS RESPONSIBLE FOR AWARDING AND MONITORING ALL GRANTS, LOANS, AND WORK ASSISTANCE. MORE THAN 95% OF WHEATON'S STUDENTS RECEIVE SOME FORM OF FINANCIAL AID AND ALL STUDENTS WHO DEMONSTRATE NEED RECEIVE AID. FINANCIAL ASSISTANCE AT WHEATON IS AWARDED ON THE BASIS OF DEMONSTRATED NEED AND ACADEMIC PERFORMANCE. "NEED" IS DETERMINED BY THE FINANCIAL INFORMATION THAT A STUDENT (AND THEIR PARENT, IF APPLICABLE) PROVIDES ON THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). THIS FORM CAPTURES THE DATA REQUIRED TO DETERMINE ELIGIBILITY BASED ON FEDERAL AND/OR STATE REGULATIONS AND INSTITUTIONAL FUND ELIGIBILITY GUIDELINES. A NEED-BASED PACKAGE MAY INCLUDE A MERIT SCHOLARSHIP, GRANTS, LOANS, AND WORK AWARD. WHEN FUNDS ARE AWARDED, STUDENT ELIGIBILITY IS MONITORED THROUGH THE COLLEGE'S OPERATIONAL SYSTEM FINANCIAL AID MODULE TO ENSURE THERE ARE NO CHANGES IN STATUS THAT MIGHT AFFECT THEIR ONGOING ELIGIBILITY. TOTAL GRANT FUNDS AWARDED ARE TRACKED TO ENSURE COMPLIANCE WITH BUDGETED AMOUNTS. X X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 MICHAELE WHELAN PRESIDENT AND EX OFFICIO TRUSTEE 467997 0 0 0 31396 0 27450 0 54521 0 581364 0 0 0 DENNIS HANNO FORMER PRESIDENT AND EX OFFICIO TRUSTEE 98905 0 0 0 403300 0 2700 0 1691 0 506596 0 0 0 WALTER CAFFEY VP ENROLLMENT DEAN OF ADMISSION & STUDENT AID 235412 0 0 0 1544 0 22032 0 33487 0 292475 0 0 0 TOUBA GHADESSI INTERIM PROVOST VP OF ACADEMIC AFFAIRS 230036 0 0 0 336 0 21285 0 23732 0 275389 0 0 0 ROGER STACKPOOLE VP FOR FIN ADMINISTRATION/BOARD TREASURER 209720 0 0 0 602 0 19800 0 36016 0 266138 0 0 0 MERRITT CROWLEY VP FOR COLLEGE ADVANCEMENT 220300 0 0 0 891 0 20032 0 12445 0 253668 0 0 0 GENE BEGIN VP FOR MARKETING COMMUNICATIONS (THRU 1/13/2023) 184444 0 0 0 359 0 17438 0 30310 0 232551 0 0 0 DARNELL PARKER VP FOR STUDENT AFFAIRS & DEAN OF STUDENTS 194764 0 0 0 186 0 18450 0 11661 0 225061 0 0 0 JEFFREY CUTTING ASSOCIATE VP OF ENROLLMENT 163894 0 0 0 335 0 15372 0 30074 0 209675 0 0 0 ZACHARY IRISH ASSOC VP FOR STUD. AFFAIRS/FORMER DEAN OF STUD. 121594 0 0 0 86 0 11700 0 70513 0 203893 0 0 0 JOHN SULLIVAN ASST VP OF BUS SVCS & PHYSICAL PLANT (THRU 5/31/23) 175128 0 0 0 1006 0 15867 0 2537 0 194538 0 0 0 JOSEPH LACASCIO AVP CISO INFORMATION TECHNOLOGY SERVICES 161663 0 0 0 953 0 14829 0 11381 0 188826 0 0 0 OMAIRA ROY ASSOCIATE VP OF HUMAN RESOURCES 164450 0 0 0 323 0 14996 0 3517 0 183286 0 0 0 IMRAN CHOWDHURY DIANA DAVIS SPENCER CHAIR OF SOCIAL ENTREPRENEUR 159628 0 0 0 2137 0 14688 0 4518 0 180971 0 0 0 PHILIP SHAPIRO FORMER INTERIM VP FINANCE & ADMIN./BOARD TREASURER 119366 0 0 0 803 0 0 0 45 0 120214 0 0 0 PART I, LINE 1A A DISCRETIONARY FUND WAS ESTABLISHED BY THE TRUSTEES UPON PRESIDENT WHELAN'S HIRE. SOLICITATION OF THE TRUSTEES FOR CONTRIBUTIONS TO THIS FUND OCCURRED DURING FALL OF 2021 AND THE CONTRIBUTIONS WERE MADE BY THE TRUSTEES THROUGH THE OFFICE OF ADVANCEMENT AT A TIME DETERMINED BY THE TRUSTEE. THIS DISCRETIONARY FUND HAS NOT BEEN ACCESSED AND WILL BE USED FOR STRATEGIC INITIATIVES IN FY2024. THIS FUND WILL NOT BE USED FOR PERSONAL EXPENSES. THE PRESIDENT (MICHAELE WHELAN), THE VP FOR FINANCE & ADMINISTRATION (ROGER STACKPOOLE), AND ASSOCIATE VICE PRESIDENT OF STUDENT AFFAIRS AND FORMER DEAN OF STUDENTS (ZACHARY IRISH) ARE PROVIDED WITH HOUSING, INCLUDING MAINTENANCE OF SUCH SPACE, FOR THE CONVENIENCE OF THE EMPLOYER ON THE COLLEGE'S PREMISES. SHOULD MAINTENANCE OCCUR WITHIN THE PERSONAL SPACE, THE VALUE IS TAXED ACCORDINGLY. THE VALUE OF THE PERSONAL SPACE WITHIN THE HOUSING IS INCLUDED AS A NONTAXABLE BENEFIT ON SCHEDULE J, PART II, COLUMN (D). PART I, LINE 3 THE WHEATON COLLEGE EXECUTIVE COMMITTEE, AN INDEPENDENT BOARD, ESTABLISHES COMPENSATION TO ENSURE THAT THE INTERNAL REVENUE CODE PROVISION OF "REBUTTABLE PRESUMPTION OF REASONABLENESS" IS MET AND "INTERMEDIATE SANCTIONS" ARE NOT INCURRED. THE EXECUTIVE COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA REGARDING COMPARABILITY OF THE COMPENSATION PACKAGE PRIOR TO MAKING ITS DETERMINATION. APPROPRIATE DATA INCLUDES COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS, AND WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE INDIVIDUAL. THE EXECUTIVE COMMITTEE DOCUMENTS THE BASIS FOR ITS DETERMINATIONS INCLUDING: THE TERMS OF THE APPROVED TRANSACTION AND DATE APPROVED; THE MEMBERS OF THE COMMITTEE WHO WERE PRESENT DURING THE DISCUSSION; AND THE DATA OBTAINED AND RELIED UPON. PART I, LINE 4A DENNIS HANNO, FORMER PRESIDENT AND EX OFFICIO TRUSTEE, LEFT WHEATON COLLEGE IN DECEMBER OF 2021 AND RECEIVED SEVERANCE OF $403,300. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584X5L1 2017-12-21 64601213 (SEE CONTINUATION FOR SCHEDULE K, PART I) 1 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57584YK32 2021-03-18 16058372 RENOVATION OF ACADEMIC BUILDING 0 0 0 A 17675000 10000000 64601213 2398062 435910 30115713 31651528 2020 1 1 1 1 B 16058372 862981 162183 3072952 11960256 0 0 0 1 A 0 0 0 0 0.00000 0.01000 0.01000 0 0 1 B 0 0 0 0 0.00000 0.01200 0.01200 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I REFUNDING OF 2010 SERIES F & 2014 SERIES G-2 BONDS & CONSTRUCTION OF RESIDENCE HALL. SCHEDULE K, PART IV, LINE 2C - COLUMN (A) THE COMPUTATIONS WERE PERFORMED FOR THE JUNE 30, 2023 COMPUTATION DATE. SCHEDULE K, PART IV, LINE 2C - COLUMN (B) THE COMPUTATIONS WERE PERFORMED FOR THE JUNE 30, 2023 COMPUTATION DATE. X 81 48465 FAIR MARKET VALUE X 63 2541427 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES IS BASED ON THE NUMBER OF GIFTS OF SECURITIES RECEIVED. THE NUMBER OF WORK OF ART IS BASED ON THE THE NUMBER OF ARTWORKS RECEIVED. FORM 990, PART V, LINE 2A THE TOTAL NUMBER OF EMPLOYEES INCLUDES FACULTY AND STAFF OF 640 AND STUDENT EMPLOYEES OF 920. FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM APPOINTED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IT IS PREPARED WITH INFORMATION PROVIDED BY THE FINANCE OFFICE OF THE COLLEGE AND REVIEWED BY THE CONTROLLER AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THE FIRST DRAFT (EXCLUDING SCHEDULE B) IS REVIEWED BY THE AUDIT COMMITTEE AND ANY CHANGES ARE INCORPORATED INTO THE FINAL DRAFT. THE FINAL DRAFT (EXCLUDING SCHEDULE B) IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES VIA THEIR SECURE WEBSITE FOR FINAL REVIEW PRIOR TO SUBMISSION TO THE IRS. SCHEDULE B IS REVIEWED BY THE CHAIR OF THE BOARD, CHAIR OF THE AUDIT COMMITTEE, AND CHAIR OF THE PHILANTHROPY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS OF THE COLLEGE ARE COVERED IN THE WHEATON COLLEGE CONFLICT OF INTEREST POLICY FOR TRUSTEES AND OFFICERS. THE POLICY AND CONFLICT OF INTEREST DISCLOSURE STATEMENT IS SENT TO ALL OFFICERS AND TRUSTEES ON AN ANNUAL BASIS. THE COMPLETED FORMS ARE REVIEWED BY THE CHAIR OF THE BOARD OF TRUSTEES, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, AND THE PRESIDENT TO DETERMINE IF AN ACTUAL CONFLICT EXISTS. OFFICERS AND TRUSTEES ARE REQUIRED TO RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON ANY MATTERS WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS COMPOSED OF INDEPENDENT MEMBERS AND ESTABLISHES COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS TO ENSURE THAT THE INTERNAL REVENUE CODE PROVISION FOR "REBUTTABLE PRESUMPTION OF REASONABLENESS" IS MET AND "INTERMEDIATE SANCTIONS" ARE NOT INCURRED. THE EXECUTIVE COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA REGARDING COMPARABILITY OF THE COMPENSATION PACKAGE PRIOR TO MAKING ITS DETERMINATION. APPROPRIATE DATA INCLUDES COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, INDEPENDENT COMPENSATION SURVEYS BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS, AND WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE INDIVIDUAL. THE EXECUTIVE COMMITTEE DOCUMENTS THE BASIS FOR ITS DETERMINATIONS INCLUDING: THE TERMS OF THE APPROVED TRANSACTION AND DATE APPROVED, THE MEMBERS OF THE COMMITTEE PRESENT DURING THE DISCUSSIONS, AND THE DATA OBTAINED AND RELIED UPON. FORM 990, PART VI, SECTION C, LINE 19 THE EMPLOYEE CONFLICT OF INTEREST POLICY IS CONTAINED IN THE STAFF HANDBOOK, WHICH IS POSTED TO THE COLLEGE'S HUMAN RESOURCES WEBPAGE AND AVAILABLE TO THE PUBLIC. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE POSTED TO THE COLLEGE'S FINANCE WEBSITE, WHICH IS AVAILABLE TO THE PUBLIC. IN ADDITION, THE FORM 990 AND THE AUDITED FINANCIALS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE GOVERNING DOCUMENTS AND THE TRUSTEE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. POOLED INCOME FUND POOL INCOME FUND MA WHEATON COLLEGE 1 PERPETUAL TRUST PERPETUAL TRUST MA WHEATON COLLEGE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1