SAINT MICHAELS COLLEGE: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: SAINT MICHAELS COLLEGE (EIN 03-0179403)
Tax period: 2023-07-01 to 2024-06-30
Filed: 2025-05-15
IRS object ID: 202511359349309806
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 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	2025-05-15T13:13:20-05:00	ReturnTs
Tax Period End	2024-06-30	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	2023-07-01	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	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	KIMBERLY MAC NAMEE	PreparerPersonNm
PTIN	P02479140	PTIN
Phone	6179881000	PhoneNum
Preparation	2025-05-13	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 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	$118,209,872	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	32	VotingMembersGoverningBodyCnt
Voting Members Independent	31	VotingMembersIndependentCnt
Total Employee	1199	TotalEmployeeCnt
Total Volunteers	969	TotalVolunteersCnt
Total Gross UBI	$79,020	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$5,165,602	PYContributionsGrantsAmt
CY Contributions Grants	$10,168,308	CYContributionsGrantsAmt
PY Program Service Revenue	$80,266,370	PYProgramServiceRevenueAmt
CY Program Service Revenue	$79,480,667	CYProgramServiceRevenueAmt
PY Investment Income	$7,904,705	PYInvestmentIncomeAmt
CY Investment Income	$7,382,489	CYInvestmentIncomeAmt
PY Other Revenue	$2,321,775	PYOtherRevenueAmt
CY Other Revenue	$1,405,527	CYOtherRevenueAmt
PY Total Revenue	$95,658,452	PYTotalRevenueAmt
CY Total Revenue	$98,436,991	CYTotalRevenueAmt
PY Grants And Similar Paid	$39,323,644	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$40,343,932	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$35,173,547	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$35,592,581	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$215,776	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$77,401	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$2,023,179	CYTotalFundraisingExpenseAmt
PY Other Expenses	$32,192,727	PYOtherExpensesAmt
CY Other Expenses	$32,370,805	CYOtherExpensesAmt
PY Total Expenses	$106,905,694	PYTotalExpensesAmt
CY Total Expenses	$108,384,719	CYTotalExpensesAmt
PY Revenues Less Expenses	-$11,247,242	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$9,947,728	CYRevenuesLessExpensesAmt
Total Assets BOY	$195,408,845	TotalAssetsBOYAmt
Total Assets EOY	$196,624,631	TotalAssetsEOYAmt
Total Liabilities BOY	$63,713,978	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$68,596,649	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$131,694,867	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$128,027,982	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	$65,705,383	ExpenseAmt
Grant	$40,343,932	GrantAmt
Revenue	$59,793,851	RevenueAmt
Desc	ACADEMIC PROGRAM AND FINANCIAL AID, SEE SCH O	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$15,404,037	ExpenseAmt
Revenue	$19,686,816	RevenueAmt
Desc	AUXILIARY ENTERPRISES, SEE SCH O	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$16,400,409	ExpenseAmt
Desc	STUDENT SERVICES, SEE SCH O	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$97,509,829	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	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	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	2121	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	1199	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	32	GoverningBodyVotingMembersCnt
Independent Voting Member	31	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	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 (42 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
LEWIS THAYNE
INTERIM PRESIDENT (7/1/23-12/31/23)	40.00	0.00	Yes (X)	Yes (X)	$200,000	$0	$12
RICHARD PLUMB
PRESIDENT/TRUSTEE (AS OF 1/1/24)	40.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
MS PATRICIA A CASEY
CHAIR OF THE BOARD	12.00	0.00	Yes (X)		$0	$0	$0
MR MARK S DALTON
VICE CHAIR OF THE BOARD	15.00	0.00	Yes (X)		$0	$0	$0
MS MAUREEN K USIFER
VICE CHAIR OF THE BOARD	5.00	0.00	Yes (X)		$0	$0	$0
ANSEL AUGUSTINE PHD
TRUSTEE (AS OF 7/1/23)	1.00	0.00	Yes (X)		$0	$0	$0
MR JOSEPH A BELLISSIMO
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
REV MSGR BERNARD W BOURGEOIS
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
MR GEORGE M BOWEN
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
MR PATRICK N BROWN PHD
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
DR GREGORY F BRUCATO
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
MR GARRETT CLARK
TRUSTEE	8.00	0.00	Yes (X)		$0	$0	$0
MR RICHARD COTE
TRUSTEE (AS OF 7/1/23)	1.00	0.00	Yes (X)		$0	$0	$0
VERY REV DAVID G CRAY SSE
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
REV STANLEY M DERESIENSKI SSE
TRUSTEE	4.00	0.00	Yes (X)		$0	$0	$0
MR TIMOTHY E FORD
TRUSTEE	4.00	0.00	Yes (X)		$0	$0	$0
REV PATRICK J FORMAN
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
MR WILLIAM H GALLAGHER
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
REV THOMAS F X HOAR PHD SSE
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
MR GEORGE C KEADY III
TRUSTEE	5.00	0.00	Yes (X)		$0	$0	$0
MR BRIAN G LACEY
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
MS SUZANNE M LEOUS
TRUSTEE (AS OF 7/1/23)	1.00	0.00	Yes (X)		$0	$0	$0
MR CHAD D MCEACHERN
TRUSTEE	3.00	0.00	Yes (X)		$0	$0	$0
MR PHILIP F MCGOVERN JR ESQ
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
MR ROBERT H MINETTI
TRUSTEE (AS OF 7/1/23)	3.00	0.00	Yes (X)		$0	$0	$0
REV RICHARD M MYHALYK SSE
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
MR ROBERT T NOONAN
TRUSTEE	6.00	0.00	Yes (X)		$0	$0	$0
DR CELINE R PAQUETTE
TRUSTEE	5.00	0.00	Yes (X)		$0	$0	$0
MR JAMES F PHALEN
TRUSTEE	4.00	0.00	Yes (X)		$0	$0	$0
REV MARCEL RAINVILLE SSE
TRUSTEE	40.00	0.00	Yes (X)		$0	$0	$0
DR TRACY A ROMANO PHD
TRUSTEE	1.00	0.00	Yes (X)		$0	$0	$0
MR GEORGE SHERMAN
TRUSTEE (AS OF 7/1/23)	1.00	0.00	Yes (X)		$0	$0	$0
MS ELAINE STOKES
TRUSTEE	2.00	0.00	Yes (X)		$0	$0	$0
ROBERT ROBINSON
VP FOR FINANCE/TREASURER	40.00	0.00		Yes (X)	$183,995	$0	$41,790
DAWN M ELLINWOOD
VP FOR STUDENT AFFAIRS	40.00	6.00			$185,969	$0	$44,045	Yes (X)
JEFFERY TRUMBOWER
VP ACADEMIC AFFAIRS (UNTIL 1/1/24)	40.00	0.00			$184,087	$0	$34,053	Yes (X)
SARAH HASTINGS
PROFESSOR PSYCHOLOGY	40.00	0.00			$131,779	$0	$24,563		Yes (X)
ALESSANDRO BERTONI
MARKETING DIRECTOR	40.00	0.00			$120,149	$0	$41,416		Yes (X)
JEFFREY AYERS
PROFESSOR POLITICAL SCIENCE	40.00	0.00			$151,177	$0	$18,572		Yes (X)
MICHAEL LARSEN
PROFESSOR MATHEMATICS	40.00	0.00			$137,105	$0	$32,152		Yes (X)
LINDA DONAHUE
IA DIRECTOR	40.00	0.00			$140,193	$0	$2,252		Yes (X)
DR LORRAINE STERRITT PHD
FORMER PRESIDENT/TRUSTEE	40.00	0.00			$488,129	$0	$71,507			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,922,583	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$310,362	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	12	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
KJ CONSTRUCTION
219 PEARL STREET	ESSEX	VT	05452	GENERAL CONTRACTOR	$533,439
WAYBETTER MARKETING INC
PO BOX 1439	COLUMBIA	MD	21044	MARKETING	$490,473
BEYNON SPORTS SURFACES INC
16 ALT ROAD	HUNT VALLEY	MD	21030	GENERAL CONTRACTOR	$369,945
COMPETITIVE COMPUTING
354 MOUNTAIN VIEW DRIVE	COLCHESTER	VT	05446	IT CONSULTANT	$189,288
THE ANGELETTI GROUP
17 VILLAGE ROAD PO BOX 188	NEW VERNON	NJ	07976	CONSULTING SERVICES	$187,510

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	18	CntrctRcvdGreaterThan100KCnt
Government Grants	$2,141,811	GovernmentGrantsAmt
All Other Contributions	$8,026,497	AllOtherContributionsAmt
Noncash Contributions	$370,001	NoncashContributionsAmt
Total Contributions	$10,168,308	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
TUITION AND FEES	611710	$59,793,851	$59,793,851
RESIDENCE AND DINING	721310	$17,167,501	$17,167,501
SPECIAL EVENTS	812930	$1,111,348		$27,765	$1,083,583
BOOK STORE	459210	$647,145			$647,145
SPORTS CAMPS	713940	$349,113	$349,113

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$411,709	TotalRevenueColumnAmt
Related Or Exempt Func Income	$411,709	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$79,480,667	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,386,690	TotalRevenueColumnAmt
Unrelated Business Revenue	$22,525	UnrelatedBusinessRevenueAmt
Exclusion	$3,364,165	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$674,887	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	$674,887	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$674,887	TotalRevenueColumnAmt
Exclusion	$674,887	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$22,468,228	SecuritiesAmt
Other	$1,300,452	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$19,772,881	SecuritiesAmt
Other	$0	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$2,695,347	SecuritiesAmt
Other	$1,300,452	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,995,799	TotalRevenueColumnAmt
Unrelated Business Revenue	$28,730	UnrelatedBusinessRevenueAmt
Exclusion	$3,967,069	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER OPERATING INCOME	Desc
Business	900099	BusinessCd
Total Revenue Column	$730,640	TotalRevenueColumnAmt
Exclusion	$730,640	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$730,640	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$98,436,991	TotalRevenueColumnAmt
Related Or Exempt Func Income	$77,722,174	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$79,020	UnrelatedBusinessRevenueAmt
Exclusion	$10,467,489	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$3,000	TotalAmt
Program Services	$3,000	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$39,989,070	TotalAmt
Program Services	$39,989,070	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$351,862	TotalAmt
Program Services	$351,862	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,341,007	TotalAmt
Program Services	$829,357	ProgramServicesAmt
Management And General	$321,916	ManagementAndGeneralAmt
Fundraising	$189,734	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$25,700,260	TotalAmt
Program Services	$22,444,152	ProgramServicesAmt
Management And General	$2,268,454	ManagementAndGeneralAmt
Fundraising	$987,654	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$593,519	TotalAmt
Program Services	$520,503	ProgramServicesAmt
Management And General	$49,593	ManagementAndGeneralAmt
Fundraising	$23,423	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$6,015,323	TotalAmt
Program Services	$5,279,844	ProgramServicesAmt
Management And General	$543,021	ManagementAndGeneralAmt
Fundraising	$192,458	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,942,472	TotalAmt
Program Services	$1,676,289	ProgramServicesAmt
Management And General	$184,166	ManagementAndGeneralAmt
Fundraising	$82,017	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$215,861	TotalAmt
Management And General	$215,861	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$182,904	TotalAmt
Management And General	$182,904	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$1,486	TotalAmt
Management And General	$1,486	ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$77,401	TotalAmt
Fundraising	$77,401	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$380,416	TotalAmt
Management And General	$380,416	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$812,597	TotalAmt
Program Services	$320,260	ProgramServicesAmt
Management And General	$491,842	ManagementAndGeneralAmt
Fundraising	$495	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,471,413	TotalAmt
Program Services	$3,894,203	ProgramServicesAmt
Management And General	$436,425	ManagementAndGeneralAmt
Fundraising	$140,785	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,915,880	TotalAmt
Program Services	$957,892	ProgramServicesAmt
Management And General	$934,014	ManagementAndGeneralAmt
Fundraising	$23,974	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$4,407,210	TotalAmt
Program Services	$4,282,924	ProgramServicesAmt
Management And General	$124,286	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$2,102,711	TotalAmt
Program Services	$1,905,044	ProgramServicesAmt
Management And General	$105,758	ManagementAndGeneralAmt
Fundraising	$91,909	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$2,894,040	TotalAmt
Program Services	$2,816,855	ProgramServicesAmt
Management And General	$77,185	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$6,102,401	TotalAmt
Program Services	$5,585,015	ProgramServicesAmt
Management And General	$517,386	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$743,378	TotalAmt
Program Services	$676,444	ProgramServicesAmt
Management And General	$66,934	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

Field	Value	IRS element (for citing)
Desc	CATERING/LECTURER/OTHER	Desc
Total	$8,140,508	TotalAmt
Program Services	$5,977,115	ProgramServicesAmt
Management And General	$1,950,064	ManagementAndGeneralAmt
Fundraising	$213,329	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$108,384,719	TotalAmt
Program Services	$97,509,829	ProgramServicesAmt
Management And General	$8,851,711	ManagementAndGeneralAmt
Fundraising	$2,023,179	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$5,941,981	BOYAmt
EOY	$5,091,545	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,693,646	BOYAmt
EOY	$4,782,875	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,516,740	BOYAmt
EOY	$1,116,896	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$1,587,508	BOYAmt
EOY	$1,414,026	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$336,480	BOYAmt
EOY	$386,375	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,347,205	BOYAmt
EOY	$2,556,555	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$225,662,211	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$150,382,015	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$74,752,210	BOYAmt
EOY	$75,280,196	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$47,340,582	BOYAmt
EOY	$53,151,572	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$59,619,242	BOYAmt
EOY	$52,560,911	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$273,251	BOYAmt
EOY	$283,680	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$195,408,845	BOYAmt
EOY	$196,624,631	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,458,884	BOYAmt
EOY	$6,484,038	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,526,885	BOYAmt
EOY	$2,576,678	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$53,820,616	BOYAmt
EOY	$56,408,859	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,907,593	BOYAmt
EOY	$3,127,074	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$63,713,978	BOYAmt
EOY	$68,596,649	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	$65,787,491	BOYAmt
EOY	$53,773,601	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$65,907,376	BOYAmt
EOY	$74,254,381	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$131,694,867	BOYAmt
EOY	$128,027,982	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$195,408,845	BOYAmt
EOY	$196,624,631	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$9,947,728	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$6,280,922	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$79	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	$5,119,606	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$16,348,022	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$13,785,143	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,165,602	CurrentTaxYearMinus1YearAmt
Current Tax Year	$10,168,309	CurrentTaxYearAmt
Total	$50,586,682	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$5,119,606	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$16,348,022	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$13,785,143	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,165,602	CurrentTaxYearMinus1YearAmt
Current Tax Year	$10,168,309	CurrentTaxYearAmt
Total	$50,586,682	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$6,105,726	SubstantialContributorsTotAmt
Public Support Total170	$44,480,956	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,282,295	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,297,355	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,861,760	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,794,452	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,039,048	CurrentTaxYearAmt
Total	$15,274,910	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$378,588	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$8,731	CurrentTaxYearMinus2YearsAmt
Current Tax Year	$48,027	CurrentTaxYearAmt
Total	$435,346	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$569,160	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$959,574	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$421,496	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,126,182	CurrentTaxYearMinus1YearAmt
Current Tax Year	$730,640	CurrentTaxYearAmt
Total	$4,807,052	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$71,103,990	TotalSupportAmt
Gross Receipts Rltd Activities	$435,588,703	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.62560	PublicSupportCY170Pct
Public Support PY170	0.63780	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 - 2019 AMOUNT: $ 569,160. 2020 AMOUNT: $ 959,574. 2021 AMOUNT: $ 421,496. 2022 AMOUNT: $ 2,126,182. 2023 AMOUNT: $ 730,640.	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	$1,486	GrantsOtherOrganizationsAmt
Direct Contact Legislators	0	DirectContactLegislatorsInd
Rallies Demonstrations	0	RalliesDemonstrationsInd
Other Activities	0	OtherActivitiesInd
Total Lobbying Expenditures	$1,486	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 VERMONT 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 $17,828. APPROXIMATELY $1,486 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	$93,377,443	BeginningYearBalanceAmt
Contributions	$2,443,410	ContributionsAmt
Investment Earnings Or Losses	$11,292,031	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$5,442,796	GrantsOrScholarshipsAmt
Other Expenditures	$5,842,662	OtherExpendituresAmt
Administrative Expenses	$376,476	AdministrativeExpensesAmt
End Year Balance	$95,450,950	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

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

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.28912	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.45345	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.25743	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	$177,198,805	OtherCostOrOtherBasisAmt
Depreciation	$119,082,254	DepreciationAmt
Book Value	$58,116,551	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$40,251,083	OtherCostOrOtherBasisAmt
Depreciation	$27,049,786	DepreciationAmt
Book Value	$13,201,297	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,324,120	OtherCostOrOtherBasisAmt
Depreciation	$4,249,975	DepreciationAmt
Book Value	$2,074,145	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$75,280,196	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (8 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
CASH EQUIVALENTS	$13,593,112	F
INTERNATIONAL EQUITIES	$2,949,620	F
DIRECTIONAL HEDGE COMPOSITE	$1,191,841	F
RELATIVE VALUE STRATEGIES	$2,308,713	F
PRIVATE EQUITY	$1,840,234	F
GLOBAL FIXED INCOME COMPOSITE	$9,514,805	F
REAL ASSET COMPOSITE	$11,234,296	F
DEPOSITS WITH BOND TRUSTEES	$9,928,290	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$52,560,911	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
AMOUNTS HELD ON BEHALF OF OTHERS	$446,746
REFUNDABLE ADVANCES	$668,457
ANNUITY OBLIGATION	$33,505
CAPITAL LEASE OBLIGATION	$156,381
OTHER LIABILITIES	$1,821,985

Field	Value	IRS element (for citing)
Total Liability	$3,127,074	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$63,996,565	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$6,280,922	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$6,280,922	RevenueNotReportedAmt
Revenue Subtotal	$57,715,643	RevenueSubtotalAmt
Investment Expenses Not Incld	$380,416	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$40,340,932	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$40,721,348	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$98,436,991	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$67,663,601	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$230	OtherExpensesIncludedAmt
Expenses Not Reported	$230	ExpensesNotReportedAmt
Expenses Subtotal	$67,663,371	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$380,416	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$40,340,932	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$40,721,348	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$108,384,719	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART V, LINE 4:	SAINT MICHAEL'S COLLEGE ENDOWMENT AND QUASI-ENDOWMENT CONSIST OF APPROXIMATELY 243 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 4B - OTHER ADJUSTMENTS:	STUDENT FINANCIAL AID 40,340,932.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	OTHER NON OPERATING EXPENSES 230.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	STUDENT FINANCIAL AID 40,340,932.
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, 2024 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, RESPECTIVELY.

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, GRADUATE AND UNDERGRADUATE CATALOGS, STUDENTS CODE OF CONDUCT AND COLLEGE POLICY HANDBOOK, FACULTY REGULATIONS, ON OUR APPLICATION SUPPLEMENT, THE HOMEPAGE OF THE COLLEGE'S WEBSITE, AND WITHIN THE NECHE SELF STUDY DOCUMENT FOR REACCREDITATION.
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 (12 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	Specific Services ProvidedSpecificServicesProvidedTxt
CENTRAL AMERICA AND THE CARIBBEAN	INVESTMENTS	$3,595,513
EUROPE (INCLUDING ICELAND AND GREENLAND)	INVESTMENTS	$2,107,316
CENTRAL AMERICA AND THE CARRIBEAN	PROGRAM SERVICES	$37,890	STUDY ABROAD
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	$42,220	STUDY ABROAD
EUROPE (INCLUDING ICELAND AND GREENLAND)	PROGRAM SERVICES	$234,950	STUDY ABROAD
MIDDLE EAST AND NORTH AFRICA	PROGRAM SERVICES	$22,946	STUDY ABROAD
SUB-SAHARAN AFRICA	PROGRAM SERVICES	$49,302	STUDY ABROAD
EUROPE (INCLUDING ICELAND AND GREENLAND)		$3,660	ATHLETIC TRAINING
NORTH AMERICA		$2,488	ATHLETIC TRAINING
EAST ASIA AND THE PACIFIC		$2,542	STUDY TRIPS
EUROPE (INCLUDING ICELAND AND GREENLAND)		$112,378	STUDY TRIPS
NORTH AMERICA		$19,739	STUDY TRIPS

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	$6,093,797	SubtotalSpentAmt
Continuation Spent	$137,147	ContinuationSpentAmt
Total Spent	$6,230,944	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (5 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Non Cash AssistanceNonCashAssistanceAmt	Description Of Non Cash AsstDescriptionOfNonCashAsstTxt	Valuation Method UsedValuationMethodUsedDesc
STUDENT SCHOLARSHIP	MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,	1	$11,063	WIRE	$0	NA	NA
STUDENT SCHOLARSHIP	SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,	2	$18,189	WIRE	$0	NA	NA
STUDENT SCHOLARSHIP	EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,	2	$43,712	WIRE	$0	NA	NA
STUDENT SCHOLARSHIP	EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU	12	$240,737	WIRE	$0	NA	NA
STUDENT SCHOLARSHIP	CENTRAL AMERICA AND THE CARIBBEAN	2	$38,161	WIRE	$0	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 (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

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.

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	$77,401	RetainedByContractorAmt
Net To Organization	-$77,401	NetToOrganizationAmt

Field	Value	IRS element (for citing)
Total Retained By Contractors	$77,401	TotalRetainedByContractorsAmt
Total Net To Organization	-$77,401	TotalNetToOrganizationAmt

Schedule I IRS990ScheduleI

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

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

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceDesc
STUDENT SCHOLARSHIPS	1207	$32,981,488	NA
UNDERGRADUATE ENDOWMENT FUNDED AID	324	$3,223,317	NA
UNDERGRATE ATHLETIC GRANTS	296	$3,486,346	NA
SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS	281	$279,208	NA
GRADUATE STUDENT GRANTS	4	$18,711	NA

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART III	FormAndLineReferenceDesc
Explanation	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.	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
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (1)	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 (9 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
FORMER PRESIDENT/TRUSTEE	$246,466	$0	$0	$0	$241,663	$0	$39,893	$0	$31,614	$0	$559,636	$0	$0	$0
DAWN M ELLINWOOD
VP FOR STUDENT AFFAIRS	$185,969	$0	$0	$0	$0	$0	$5,761	$0	$38,284	$0	$230,014	$0	$0	$0
ROBERT ROBINSON
VP FOR FINANCE/TREASURER	$183,995	$0	$0	$0	$0	$0	$5,800	$0	$35,990	$0	$225,785	$0	$0	$0
JEFFERY TRUMBOWER
VP ACADEMIC AFFAIRS (UNTIL 1/1/24)	$184,087	$0	$0	$0	$0	$0	$5,722	$0	$28,331	$0	$218,140	$0	$0	$0
LEWIS THAYNE
INTERIM PRESIDENT (7/1/23-12/31/23)	$200,000	$0	$0	$0	$0	$0	$0	$0	$12	$0	$200,012	$0	$0	$0
JEFFREY AYERS
PROFESSOR POLITICAL SCIENCE	$151,177	$0	$0	$0	$0	$0	$3,826	$0	$14,746	$0	$169,749	$0	$0	$0
MICHAEL LARSEN
PROFESSOR MATHEMATICS	$137,105	$0	$0	$0	$0	$0	$3,508	$0	$28,644	$0	$169,257	$0	$0	$0
ALESSANDRO BERTONI
MARKETING DIRECTOR	$120,149	$0	$0	$0	$0	$0	$3,801	$0	$37,615	$0	$161,565	$0	$0	$0
SARAH HASTINGS
PROFESSOR PSYCHOLOGY	$131,779	$0	$0	$0	$0	$0	$3,348	$0	$21,215	$0	$156,342	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A	COMPENSATION INFORMATION FOR ELIGIBLE 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 AND SEPARATION PAYMENT. COLUMN (D) INCLUDES A HOUSING ALLOWANCE OF $21,038.
PART I, LINE 4A	SEPARATION PAYMENT DR. LORRAINE STERRITT RECEIVED A SEPARATION PAYMENT FOR $238,000 WHICH IS REPORTED ON SCHEDULE J, PART II, COLUMN B (III).
PART II:	LEWIS THAYNE WAS INTERIM PRESIDENT FROM 7/1/2023 TO 12/31/2023. ST. MICHAEL'S COLLEGE ENTERED INTO AN AGREEMENT WITH THE REGISTRY TO RETAIN LEWIS THAYNE TO PERFORM DUTIES OF INTERIM PRESIDENT. ST. MICHAEL'S COLLEGE PAID AN UNRELATED THIRD PARTY, COLLEGIATE ENTERPRISE SOLUTIONS, INC. FOR LEWIS THAYNE'S SERVICE. THE AMOUNT PAID WAS $200,000 AS LISTED ON FORM 990 PART VII AND SCHEDULE J.

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	$19,878,706	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	Capitalized InterestCapitalizedInterestAmt	Other Spent ProceedsOtherSpentProceedsAmt	UnspentUnspentAmt
A	$3,340,000	$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	$6,504,645	2025	0	0	Yes (1)	Yes (1)	$1,072,729	$23,811,722	$1,619,158

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:	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

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	11	ContributionCnt
Noncash Contributions Rpt F990	$343,086	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	RENOV IMPRVMNTS	1	$23,425	FMV
Yes (X)	SWIM & DIVE RECORD BOARD	1	$3,490	FMV

Field	Value	IRS element (for citing)
Form8283 Received	1	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 FY24.
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 (9 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 1,100 STUDENTS AND 150 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 23 DIFFERENT MAJORS FOR THE BACHELOR OF ARTS DEGREE AND 18 MAJORS FOR THE BACHELOR OF SCIENCE DEGREE. STUDENTS MAY ALSO CHOOSE FROM 43 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 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 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 13, 2023 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 XI, LINE 9:	OTHER NON OPERATING EXPENSES -230. OTHER NON OPERATING REVENUE 151.

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	$83,691	FMV
SAINT MICHAEL'S COLLEGE FIRE & RESCUE
Q	$301,566	COST