HOOD COLLEGE OF FREDERICK MD: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- HOOD COLLEGE OF FREDERICK MD (EIN 52-0591608)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-12
- IRS object ID
- 202501329349304780
- Schema version
- 2023v6.0
- 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 D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-12T14:03:02-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 WATER ST STE 500 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520591608 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOOD COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOOD | BusinessNameControlTxt |
| Phone | 3016963131 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 ROSEMONT AVENUE | AddressLine1Txt |
| City | FREDERICK | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21701 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT KLINEDINST | PersonNm |
| Person Title | VP OF FINANCE AND TREASURER | PersonTitleTxt |
| Phone | 3016963131 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KRISTEN BARNETT | PreparerPersonNm |
| PTIN | P01234578 | PTIN |
| Phone | 8133162300 | PhoneNum |
| Preparation | 2025-05-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROBERT KLINEDINST | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 ROSEMONT AVENUE | AddressLine1Txt |
| City | FREDERICK | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $846,513,375 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.HOOD.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1893 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | THROUGH AN INTEGRATION OF THE LIBERAL ARTS AND THE PROFESSIONS, HOOD COLLEGE PROVIDES AN EDUCATION THAT EMPOWERS STUDENTS TO USE THEIR HEARTS, MINDS AND HANDS TO MEET PERSONAL, PROFESSIONAL AND GLOBAL CHALLENGES AND TO LEAD PURPOSEFUL LIVES OF RESPONSIBILITY, LEADERSHIP, SERVICE AND CIVIC ENGAGEMENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 28 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 955 | TotalEmployeeCnt |
| Total Volunteers | 48 | TotalVolunteersCnt |
| Total Gross UBI | $555,359 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,973,653 | PYContributionsGrantsAmt |
| CY Contributions Grants | $66,945,124 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $71,829,795 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $72,523,170 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,127,983 | PYInvestmentIncomeAmt |
| CY Investment Income | $32,046,433 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $86,931,431 | PYTotalRevenueAmt |
| CY Total Revenue | $171,514,727 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $33,685,940 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $36,367,123 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $25,769,402 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $27,406,650 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,875,295 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $28,158,974 | PYOtherExpensesAmt |
| CY Other Expenses | $29,808,637 | CYOtherExpensesAmt |
| PY Total Expenses | $87,614,316 | PYTotalExpensesAmt |
| CY Total Expenses | $93,582,410 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$682,885 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $77,932,317 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $248,591,192 | TotalAssetsBOYAmt |
| Total Assets EOY | $318,777,464 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $58,476,546 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $58,389,216 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $190,114,646 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $260,388,248 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THROUGH AN INTEGRATION OF THE LIBERAL ARTS AND THE PROFESSIONS, HOOD COLLEGE PROVIDES AN EDUCATION THAT EMPOWERS STUDENTS TO USE THEIR HEARTS, MINDS AND HANDS TO MEET PERSONAL, PROFESSIONAL AND GLOBAL CHALLENGES AND TO LEAD PURPOSEFUL LIVES OF RESPONSIBILITY, LEADERSHIP, SERVICE AND CIVIC ENGAGEMENT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $74,436,593 | ExpenseAmt |
| Grant | $36,367,123 | GrantAmt |
| Revenue | $72,523,170 | RevenueAmt |
| Desc | HIGHER EDUCATION - FOUNDED IN 1893, HOOD COLLEGE IS A PRIVATE INSTITUTION OF HIGHER LEARNING WITH AN ESTABLISHED TRADITION OF PROVIDING A COMPREHENSIVE ACADEMIC PROGRAM IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. HOOD PROVIDES ITS STUDENTS WITH THE OPPORTUNITY TO PURSUE 30 MAJOR FIELDS OF STUDY TOWARDS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES, 20 MASTER'S DEGREES, 4 DOCTORAL PROGRAMS, AND 12 POST-BACCALAUREATE CERTIFICATE PROGRAMS AND CERTIFICATION PROGRAMS IN EDUCATION. IN FALL 2023, TOTAL ENROLLMENT WAS 2,078 STUDENTS COMPRISED OF 1,209 UNDERGRADUATE AND 869 STUDENTS SEEKING GRADUATE DEGREES AND CERTIFICATIONS. | Desc |
| Total Program Service Expenses | $74,436,593 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | Yes (1) | 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 | Yes (1) | 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 | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | 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 | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 130 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 955 | 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 | 28 | 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 | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT C KLINEDINST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3016963131 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 ROSEMONT AVENUE | AddressLine1Txt |
| City | FREDERICK | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21701 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| TONYA THOMAS FINTON | ||||||||
| CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SUSAN MURAWSKI GANLEY | ||||||||
| VICE CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| LINDA J ALLAN | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ARTHUR O ANDERSON | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN AUDINO | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JANE BLOCKER | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PHILIP W BOWERS | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MANUEL A CASIANO | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CHERYL B DREILING | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN J GEAREY | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| THERESA R HARRISON | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MARYLOU HERMANN FOLEY | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| EDITH HOWARD HOGAN | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL F HOSFORD | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS A KLEINHANZL | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ELEANOR CHISHOLM LANDAUER | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW C MCGREEVY | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MARGARET A MUNCIE | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CATHY NACE | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| VELEKA PEEPLES-DYER | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BEATRICE ANNE REAVER | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LANCE W SLAUGHTER | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JEWEL SMITH | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN H TISDALE | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| KATHLEEN WESLOCK | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CHARLOTTE S WHITENIGHT | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MARLENE GROSSNICKLE YOUNG | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PHILLIP YERBY | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDREA E CHAPDELAINE TETREAULT PHD | ||||||||
| PRESIDENT | 60.00 | Yes (X) | $393,068 | $0 | $70,530 | |||
| DIANE WISE | ||||||||
| SECRETARY | 40.00 | Yes (X) | $83,109 | $0 | $25,497 | |||
| ROBERT KLINEDINST | ||||||||
| TREASURER AND VP, FINANCE | 40.00 | Yes (X) | $163,561 | $0 | $34,872 | |||
| DEBORAH RICKER | ||||||||
| VP, ACADEMIC AFFAIRS | 40.00 | $193,042 | $0 | $31,153 | Yes (X) | |||
| WILLIAM J BROWN JR | ||||||||
| VP, ENROLLMENT MANAGEMENT | 40.00 | $170,703 | $0 | $40,781 | Yes (X) | |||
| NANCY GILLECE | ||||||||
| VP, INSTITUTIONAL ADVANCEMENT | 40.00 | $168,228 | $0 | $20,399 | Yes (X) | |||
| WILLIAM HOBBS | ||||||||
| CHIEF INFORMATION OFFICER | 40.00 | $130,218 | $0 | $27,838 | Yes (X) | |||
| TAMMI SIMPSON | ||||||||
| VP OF EQUITY & INCLUSION | 40.00 | $132,481 | $0 | $18,571 | Yes (X) | |||
| LAURIE WARD | ||||||||
| VP OF COMMUNICATIONS | 40.00 | $129,332 | $0 | $16,521 | Yes (X) | |||
| DAVID J GURZICK | ||||||||
| PROFESSOR, SCHOOL OF BUSINESS | 40.00 | $137,265 | $0 | $4,283 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,701,007 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $290,445 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 20 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | 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 |
|---|---|---|---|---|---|
| KBE BUILDING CORPORATION | |||||
| 7150 COLUMBIA GATEWAY DR SUITE A | COLUMBIA | MD | 21046 | GENERAL CONTRACTOR | $9,007,037 |
| ARAMARK CORPORATION | |||||
| 27310 NETWORK PLACE | CHICAGO | IL | 60673 | FACILITIES MANAGEMENT | $4,383,641 |
| ARAMARK DINING SERVICES | |||||
| 5271 ELLIOT ROAD | BUTLER | PA | 16001 | FOOD SERVICES | $3,260,922 |
| BELFOR PROPERTY RESTORATION | |||||
| 1500 CATON CENTER DRIVE SUITE E | BALTIMORE | MD | 21227 | PROPERTY RESTORATION SERVICES | $600,000 |
| OLOGIE LLC | |||||
| 447 EAST MAIN STREET | COLUMBUS | OH | 43215 | MARKETING AND BRANDING SERVICES | $463,401 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 22 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $7,224,775 | GovernmentGrantsAmt |
| All Other Contributions | $59,720,349 | AllOtherContributionsAmt |
| Noncash Contributions | $54,922,621 | NoncashContributionsAmt |
| Total Contributions | $66,945,124 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| GROSS TUITION | 611600 | $70,824,543 | $70,824,543 | |
| AUXILIARY ENTERPRISES | 713990 | $1,211,329 | $388,894 | $822,435 |
| EDUCATION AND GENERAL | 611600 | $487,298 | $487,298 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $72,523,170 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,111,596 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$570,427 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,682,023 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $703,933,485 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $674,998,648 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $28,934,837 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,934,837 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $303,351 | UnrelatedBusinessRevenueAmt |
| Exclusion | $28,631,486 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $171,514,727 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $71,700,735 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $555,359 | UnrelatedBusinessRevenueAmt |
| Exclusion | $32,313,509 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,367,123 | TotalAmt |
| Program Services | $36,367,123 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,701,007 | TotalAmt |
| Program Services | $1,047,305 | ProgramServicesAmt |
| Management And General | $527,312 | ManagementAndGeneralAmt |
| Fundraising | $126,390 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,060,321 | TotalAmt |
| Program Services | $13,408,908 | ProgramServicesAmt |
| Management And General | $5,499,067 | ManagementAndGeneralAmt |
| Fundraising | $1,152,346 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $806,499 | TotalAmt |
| Program Services | $539,088 | ProgramServicesAmt |
| Management And General | $247,613 | ManagementAndGeneralAmt |
| Fundraising | $19,798 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,291,880 | TotalAmt |
| Program Services | $2,205,560 | ProgramServicesAmt |
| Management And General | $1,020,483 | ManagementAndGeneralAmt |
| Fundraising | $65,837 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,546,943 | TotalAmt |
| Program Services | $1,034,023 | ProgramServicesAmt |
| Management And General | $474,945 | ManagementAndGeneralAmt |
| Fundraising | $37,975 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,287 | TotalAmt |
| Program Services | $84,414 | ProgramServicesAmt |
| Management And General | $38,773 | ManagementAndGeneralAmt |
| Fundraising | $3,100 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $138,645 | TotalAmt |
| Management And General | $138,645 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $293,082 | TotalAmt |
| Management And General | $293,082 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,975,596 | TotalAmt |
| Program Services | $6,670,208 | ProgramServicesAmt |
| Management And General | $4,041,007 | ManagementAndGeneralAmt |
| Fundraising | $264,381 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $580,742 | TotalAmt |
| Program Services | $5,998 | ProgramServicesAmt |
| Management And General | $574,744 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,183,451 | TotalAmt |
| Program Services | $791,054 | ProgramServicesAmt |
| Management And General | $363,345 | ManagementAndGeneralAmt |
| Fundraising | $29,052 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $681,689 | TotalAmt |
| Program Services | $456,732 | ProgramServicesAmt |
| Management And General | $211,324 | ManagementAndGeneralAmt |
| Fundraising | $13,633 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,011,990 | TotalAmt |
| Program Services | $1,348,918 | ProgramServicesAmt |
| Management And General | $560,123 | ManagementAndGeneralAmt |
| Fundraising | $102,949 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,613,237 | TotalAmt |
| Program Services | $1,250,065 | ProgramServicesAmt |
| Management And General | $363,172 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,022,310 | TotalAmt |
| Program Services | $5,831,083 | ProgramServicesAmt |
| Management And General | $1,191,227 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $655,691 | TotalAmt |
| Management And General | $655,691 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| UTILITIES AND TELECOMM. | $2,377,640 | $1,821,233 | $555,891 | $516 |
| RENTALS AND LEASES | $960,982 | $779,885 | $146,949 | $34,148 |
| SUBSCRIPTIONS AND FEES | $567,035 | $379,913 | $175,781 | $11,341 |
| POSTAGE, DUPL., PRINT | $313,660 | $209,659 | $96,301 | $7,700 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $306,600 | TotalAmt |
| Program Services | $205,424 | ProgramServicesAmt |
| Management And General | $95,047 | ManagementAndGeneralAmt |
| Fundraising | $6,129 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,582,410 | TotalAmt |
| Program Services | $74,436,593 | ProgramServicesAmt |
| Management And General | $17,270,522 | ManagementAndGeneralAmt |
| Fundraising | $1,875,295 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,812,220 | BOYAmt |
| EOY | $2,522,889 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $337,467 | BOYAmt |
| EOY | $250,563 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,029,010 | BOYAmt |
| EOY | $1,284,746 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,319,697 | BOYAmt |
| EOY | $2,682,460 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $183,628 | BOYAmt |
| EOY | $241,826 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $199,057,891 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $103,330,347 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,000,303 | BOYAmt |
| EOY | $95,727,544 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,106,360 | BOYAmt |
| EOY | $99,192,625 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,612,733 | BOYAmt |
| EOY | $96,554,564 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,189,774 | BOYAmt |
| EOY | $20,320,247 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $248,591,192 | BOYAmt |
| EOY | $318,777,464 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,835,573 | BOYAmt |
| EOY | $5,413,288 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,653,788 | BOYAmt |
| EOY | $39,247,777 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,551,039 | BOYAmt |
| EOY | $2,316,230 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,436,146 | BOYAmt |
| EOY | $11,411,921 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,476,546 | BOYAmt |
| EOY | $58,389,216 | 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 | $53,999,821 | BOYAmt |
| EOY | $51,638,589 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,114,825 | BOYAmt |
| EOY | $208,749,659 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $190,114,646 | BOYAmt |
| EOY | $260,388,248 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $248,591,192 | BOYAmt |
| EOY | $318,777,464 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $77,932,317 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$8,981,746 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $1,323,031 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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 |
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 D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Historic Structure | Yes (X) | HistoricStructureInd |
| Total Easements | 1 | TotalEasementsCnt |
| Historic Structure Easements | 1 | HistoricStructureEasementsCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | Yes (1) | WrittenPolicyMonitoringInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $124,802,106 | BeginningYearBalanceAmt |
| Contributions | $58,229,800 | ContributionsAmt |
| Investment Earnings Or Losses | $22,073,759 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,324,973 | OtherExpendituresAmt |
| End Year Balance | $197,780,692 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $119,641,829 | BeginningYearBalanceAmt |
| Contributions | $1,587,434 | ContributionsAmt |
| Investment Earnings Or Losses | $9,131,852 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,559,009 | OtherExpendituresAmt |
| End Year Balance | $124,802,106 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $124,328,555 | BeginningYearBalanceAmt |
| Contributions | $9,814,641 | ContributionsAmt |
| Investment Earnings Or Losses | -$9,646,038 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,855,329 | OtherExpendituresAmt |
| End Year Balance | $119,641,829 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $96,361,306 | BeginningYearBalanceAmt |
| Contributions | $5,098,508 | ContributionsAmt |
| Investment Earnings Or Losses | $27,456,228 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,587,487 | OtherExpendituresAmt |
| End Year Balance | $124,328,555 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $98,188,313 | BeginningYearBalanceAmt |
| Contributions | $3,209,114 | ContributionsAmt |
| Investment Earnings Or Losses | -$798,488 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,237,633 | OtherExpendituresAmt |
| End Year Balance | $96,361,306 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.03700 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.74450 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.21850 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $544,775 | OtherCostOrOtherBasisAmt |
| Book Value | $544,775 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $115,284,729 | OtherCostOrOtherBasisAmt |
| Depreciation | $53,090,678 | DepreciationAmt |
| Book Value | $62,194,051 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $50,397,586 | OtherCostOrOtherBasisAmt |
| Depreciation | $22,731,803 | DepreciationAmt |
| Book Value | $27,665,783 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,417,368 | OtherCostOrOtherBasisAmt |
| Depreciation | $26,447,147 | DepreciationAmt |
| Book Value | $3,970,221 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,413,433 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,060,719 | DepreciationAmt |
| Book Value | $1,352,714 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $95,727,544 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| FIXED INCOME BONDS | $35,439,168 | F |
| REAL ESTATE INVESTMENTS | $18,595,826 | F |
| HEDGE FUNDS/ALTERNATIVE | $42,519,570 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $96,554,564 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| INTEREST HELD IN TRUST BY OTHER | $12,457,513 |
| INTEREST RATE SWAP | $2,758,051 |
| RIGHT OF USE ASSETS | $5,104,683 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $20,320,247 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| LEASE LIABILITIES | $5,347,580 |
| DEFERRED BUILDING IMPROVEMENT LIABILITY | $2,467,744 |
| SPLIT INTEREST AGREEMENTS | $1,301,584 |
| REFUNDABLE ADVANCES FROM US GOVERNMENT | $1,188,211 |
| CONDITIONAL ASSET RETIREMENT OBLIGATIONS | $1,106,802 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $11,411,921 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $127,195,807 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$8,981,746 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $1,323,031 | OtherRevenueAmt |
| Revenue Not Reported | -$7,658,715 | RevenueNotReportedAmt |
| Revenue Subtotal | $134,854,522 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $293,082 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $36,367,123 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $36,660,205 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $171,514,727 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $56,922,205 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $56,922,205 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $293,082 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $36,367,123 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $36,660,205 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $93,582,410 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II, LINE 9: | THE CONSERVATION EASEMENT IS NOT REPORTED ON HOOD COLLEGE'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. |
| PART V, LINE 4: | HOOD COLLEGE'S ENDOWMENT FUNDS ARE TO BE USED PRIMARILY FOR INSTRUCTION, SCHOLARSHIPS, AND ACADEMIC SUPPORT. |
| PART X, LINE 2: | THE COLLEGE IS ORGANIZED AS A STATE OF MARYLAND NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRS SECTION 501 (A) AS AN ORGANIZATION DESCRIBED IN IRS SECTION 501 (C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. THE COLLEGE IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE COLLEGE IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSE. THE COLLEGE INCURRED UNRELATED BUSINESS INCOME DURING THE YEARS ENDED JUNE 30, 2024 AND 2023 AND HAS FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE COLLEGE FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO INCOME STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE COLLEGE HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE COLLEGE HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 843,050. CHANGE IN VALUE OF INTEREST-RATE SWAP AGREEMENTS 479,981. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID SCHOLARSHIPS UNFUNDED 30,314,711. FINANCIAL AID SCHOLARSHIPS FUNDED 6,052,412. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID SCHOLARSHIPS UNFUNDED 30,314,711. FINANCIAL AID SCHOLARSHIP FUNDED 6,052,412. |
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 NON-DISCRIMINATION POLICY IS PLACED ON ALL PUBLICATIONS AND PRINTED MATERIALS. SPECIFICALLY, THE POLICY APPEARS ON THE APPLICATION MATERIALS, LETTERS TO POTENTIAL STUDENTS AND ON THE ORGANIZATION'S WEBSITE. |
| SCHEDULE E, PART I, LINE 6 | HOOD COLLEGE RECEIVES THE FOLLOWING FEDERAL ASSISTANCE: DIRECT STUDENT FINANCIAL AID FROM THE US DEPARTMENT OF EDUCATION AND THE STATE OF MARYLAND. US DEPARTMENT OF EDUCATION PASSTHROUGH GRANT FUNDING FROM THE STATE OF MARYLAND. GRANT AWARDS FROM MARYLAND DEPARTMENT OF COMMERCE, US DEPARTMENT OF COMMERCE, US DEPARTMENT OF DEFENSE, US DEPARTMENT OF AGRICULTURE, US DEPARTMENT OF JUSTICE, AND THE NATIONAL SCIENCE FOUNDATION. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE (INCLUDING ICELAND & GREENLAND) | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $3,196,423 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $3,196,423 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $3,196,423 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | HOOD COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS ATTENDING THE COLLEGE | GrantTypeTxt |
| Recipient | 1472 | RecipientCnt |
| Cash Grant | $36,367,123 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL HOOD COLLEGE GRANTS, COLLEGE WORK-STUDY AWARDS, PERKINS LOANS AND MOST STAFFORD LOANS ARE BASED ON FINANCIAL NEED. HOOD SCHOLARSHIPS ARE BASED ON ACADEMIC ACHIEVEMENT AS EVALUATED THROUGH THE STUDENT'S HIGH SCHOOL RECORD AND SAT SCORES. MANY SCHOLARSHIP RECIPIENTS' TOTAL FINANCIAL AID PACKAGES ALSO INTEGRATE NEED BASED AWARDS. ALL GRANTS AND AWARDS REQUIRE REPORTING OF FUND USAGE. | ExplanationTxt |
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 |
| 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 (7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANDREA E CHAPDELAINE TETREAULT PHD | ||||||||||||||
| PRESIDENT | $392,681 | $0 | $0 | $0 | $387 | $0 | $15,508 | $0 | $55,022 | $0 | $463,598 | $0 | $0 | $0 |
| DEBORAH RICKER | ||||||||||||||
| VP, ACADEMIC AFFAIRS | $192,655 | $0 | $0 | $0 | $387 | $0 | $10,050 | $0 | $21,103 | $0 | $224,195 | $0 | $0 | $0 |
| WILLIAM J BROWN JR | ||||||||||||||
| VP, ENROLLMENT MANAGEMENT | $169,560 | $0 | $0 | $0 | $1,143 | $0 | $9,048 | $0 | $31,733 | $0 | $211,484 | $0 | $0 | $0 |
| ROBERT KLINEDINST | ||||||||||||||
| TREASURER AND VP, FINANCE | $163,174 | $0 | $0 | $0 | $387 | $0 | $8,623 | $0 | $26,249 | $0 | $198,433 | $0 | $0 | $0 |
| NANCY GILLECE | ||||||||||||||
| VP, INSTITUTIONAL ADVANCEMENT | $167,634 | $0 | $0 | $0 | $594 | $0 | $8,516 | $0 | $11,883 | $0 | $188,627 | $0 | $0 | $0 |
| WILLIAM HOBBS | ||||||||||||||
| CHIEF INFORMATION OFFICER | $129,624 | $0 | $0 | $0 | $594 | $0 | $6,790 | $0 | $21,048 | $0 | $158,056 | $0 | $0 | $0 |
| TAMMI SIMPSON | ||||||||||||||
| VP OF EQUITY & INCLUSION | $132,274 | $0 | $0 | $0 | $207 | $0 | $10,679 | $0 | $7,892 | $0 | $151,052 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | HOOD COLLEGE (THE COLLEGE) DEEMS IT TO BE IN ITS BEST INTEREST THAT THE PRESIDENT OCCUPY THE PRESIDENT'S HOME. AS A CONDITION OF EMPLOYMENT HEREUNDER, DR. CHAPDELAINE IS REQUIRED TO OCCUPY THE PRESIDENT'S HOME AND, TO THE EXTENT NECESSARY, TO USE THE PRESIDENT'S HOME IN THE PERFORMANCE OF HER DUTIES HEREUNDER. THE COLLEGE SHALL PROVIDE MAINTENANCE AND REPAIRS, UTILITIES, HOUSEKEEPING, GROUNDSKEEPING, AND LANDSCAPING FOR THE PRESIDENT'S HOME. THE COLLEGE SHALL FURNISH ALL PUBLIC AREAS IN THE PRESIDENT'S HOME AND SHALL OBTAIN INSURANCE ON ALL THE CONTENTS IN THE PRESIDENT'S HOME, REGARDLESS OF THE OWNER OF THE CONTENTS. THE COLLEGE SHALL ALSO BE RESPONSIBLE FOR ANY REAL ESTATE TAXES ASSESSED ON THE PRESIDENT'S HOME. THESE AMOUNTS ARE TREATED AS NONTAXABLE AND PROPERLY REPORTED ON SCHEDULE J, PART II, COLUMN (D). | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COUNTY COMMISSIONERS OF FREDERICK COUNTY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 526000943 | BondIssuerEIN |
| Bond Issued | 2010-07-18 | BondIssuedDt |
| Issue Price | $15,800,295 | IssuePriceAmt |
| Purpose | BUILDINGS AND STRUCTURES, LAND | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $23,447,492 | RetiredAmt |
| Total Proceeds | $15,800,295 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $219,300 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $15,580,995 | CapitalExpendituresAmt |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BB&T | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 12.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | Yes (1) | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | DATE REBATE COMPUTATION PERFORMED | FormAndLineReferenceDesc |
| Explanation | ISSUER NAME: COUNTY COMMISSIONERS OF FREDERICK COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/23/2019 | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 70 | ContributionCnt |
| Noncash Contributions Rpt F990 | $54,922,621 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | 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 | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | NUMBER OF CONTRIBUTIONS | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | A PUBLIC DISCLOSURE COPY OF THE 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS TO REVIEW BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS ARE REQUIRED TO EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS AND MATTERS CONCERNING THEIR DUTIES TO THE COLLEGE AND ITS PROPERTY. IN ALL DEALINGS WITH AND/OR ON BEHALF OF THE COLLEGE, ALL BOARD MEMBERS SHALL BE HELD TO A STRICT RULE OF HONEST AND FAIR DEALING. THEY SHALL NOT USE THEIR POSITION, NOR USE OR DISCLOSE KNOWLEDGE GAINED THEREFROM, IN ANY WAY THAT MIGHT GIVE RISE TO A CONFLICT BETWEEN THE INTERESTS OF THE COLLEGE AND THEIR OWN. THEY SHALL NOT, AT ANY TIME, ACT IN A MANNER THAT IS CONTRARY TO THE INTERESTS OF THE COLLEGE. EACH MEMBER OF THE BOARD SHALL EXECUTE AND SUBMIT ON AN ANNUAL BASIS DURING HER/HIS TERM OF SERVICE A DISCLOSURE OF INTEREST STATEMENT IN THE FORM PROVIDED BY THE CHAIRPERSON OF THE BOARD OF TRUSTEES. THE CHAIRPERSON OF THE BOARD, IN CONJUNCTION WITH THE MANAGEMENT OF THE COLLEGE, MONITORS THE SUBMISSION OF THESE FORMS ON AN ANNUAL BASIS. IF THE BOARD IS CONSIDERING A MATTER IN WHICH A PREVIOUSLY KNOWN OR UNANTICIPATED CONFLICT OF INTEREST OR POSSIBLE CONFLICT OF INTEREST DEVELOPS, THE INTERESTED BOARD MEMBER SHALL PROMPTLY REPORT THE CONFLICT TO THE ATTENTION OF THE OTHER TRUSTEES WHO ARE PARTICIPATING IN, OR VOTING ON, THE MATTER. WHILE THE PERSON WITH THE CONFLICT MAY RESPOND TO QUESTIONS POSED BY OTHER BOARD MEMBERS, THE INDIVIDUAL SHALL ABSTAIN FROM PARTICIPATION IN THE DISCUSSION AND SHALL NOT VOTE IN THE DECISION OR OTHERWISE ATTEMPT TO INFLUENCE THE VOTE. MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE INDIVIDUAL WITH THE CONFLICT ABSTAINED FROM ANY PARTICIPATION IN THE MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15 | PER THE BYLAWS, THE EXECUTIVE/COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES HAS THE AUTHORITY TO SET THE PRESIDENT'S SALARY. DECISIONS REGARDING THE PRESIDENT'S SALARY ARE DOCUMENTED CONTEMPORANEOUSLY IN THE MINUTES OF THE EXECUTIVE/COMPENSATION COMMITTEE AND BOARD OF TRUSTEES. COMPARABILITY DATA IS USED TO AID IN THE DETERMINATION OF HIRING SALARIES AS WELL AS ONGOING ADJUSTMENTS. SALARY REVIEWS AND ADJUSTMENTS FOR ALL EMPLOYEES, EXCLUDING THE PRESIDENT, ARE PERFORMED PERIODICALLY BY SUPERVISORS. RECOMMENDATIONS ARE REVIEWED BY THE DIRECTOR OF HUMAN RESOURCES, THE BUDGET DIRECTOR, AND THE DIVISIONAL VICE PRESIDENT. SALARY ADJUSTMENTS ARE APPROVED BY THE VICE PRESIDENT FOR FINANCE & TREASURER OR THE PRESIDENT. THE MOST RECENT SALARY REVIEW AND INCREASES FOR STAFF AND FACULTY OCCURRED ON JULY 1, 2023. THE PRESIDENT'S SALARY WAS LAST REVIEWED IN JANUARY OF 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | HOOD COLLEGE MAINTAINS A COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS WHICH ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). |
| FORM 990, PART IX, LINE 11G | MISCELLANEOUS: PROGRAM SERVICE EXPENSES 6,670,208. MANAGEMENT AND GENERAL EXPENSES 4,041,007. FUNDRAISING EXPENSES 264,381. TOTAL EXPENSES 10,975,596. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 843,050. CHANGE IN VALUE OF INTEREST-RATE SWAP AGREEMENTS 479,981. |
| FORM 990, PART XII, LINE 2C: | THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOOD COLLEGE FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 ROSEMONT AVENUE | AddressLine1Txt |
| City | FREDERICK | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521961144 | EIN |
| Primary Activities | SUPPORT OF HOOD COLLEGE | PrimaryActivitiesTxt |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 12A, I | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOOD COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOOD COLLEGE LP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 ROSEMONT AVENUE | AddressLine1Txt |
| City | FREDERICK | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521969014 | EIN |
| Primary Activities | INVESTING | PrimaryActivitiesTxt |
| Legal Domicile State | MD | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOOD COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | RELATED | PredominantIncomeTypeTxt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | Yes (1) | GeneralOrManagingPartnerInd |
| Ownership | 0.99000 | OwnershipPct |
| 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 | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |