2022-05-13T16:24:27-05:00 2021-06-30 135565207 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2020-07-01 042103637 WELLESLEY COLLEGE WELL 7812831000 106 CENTRAL STREET WELLSLEY MA 024818203 PAULA A JOHNSON PRESIDENT 7812831000 2022-05-13 1 PAULA JOHNSON 999009999 TODD TERESCO P00247720 6179881000 2022-05-12 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z PIPER ORTON 106 CENTRAL STREET WELLSLEY MA 024818203 840505468 0 X WWW.WELLESLEY.EDU X 1870 MA TO PROVIDE AN EXCELLENT LIBERAL ARTS EDUCATION FOR WOMEN WHO WILL MAKE A DIFFERENCE IN THE WORLD. 30 29 2890 0 -605634 1181831 86543194 68183815 162690748 152659403 81736189 287098075 11489758 7574149 342459889 515515442 67876071 70917262 0 0 143567624 141476293 0 0 7621595 100857169 111043807 312300864 323437362 30159025 192078080 2991368758 4125529097 505419759 657727476 2485948999 3467801621 TO PROVIDE AN EXCELLENT LIBERAL ARTS EDUCATION FOR WOMEN WHO WILL MAKE A DIFFERENCE IN THE WORLD. 0 0 158054421 146752753 OUTSTANDING EDUCATION: WELLESLEY COLLEGE IS COMMITTED TO ENSURING THAT OUR EXCELLENT LIBERAL ARTS CURRICULUM IS BOTH INTELLECTUALLY AND CULTURALLY BROAD TO PREPARE OUR GRADUATES FOR THEIR LIVES AFTER COLLEGE. WELLESLEY OFFERS MORE THAN 50 DEPARTMENTAL AND INTERDEPARTMENTAL MAJORS TO APPROXIMATELY 2,200 STUDENTS. THE AVERAGE CLASS SIZE IS 17 TO 20 STUDENTS WITH A 7:1 STUDENT-FACULTY RATIO. 73509387 70917262 WELLELSEY COLLEGE HAS LONG TRADITION OF NEED-BLIND ADMISSION FOR U.S. CITIZENS AND PERMANENT RESIDENTS, MAKING ADMISSION DECISIONS WITHOUT REGARD TO A FAMILY'S FINANCIAL SITUATION. THROUGH ITS FINANCIAL AID PROGRAM, THE COLLEGE MEETS 100 PERCENT OF A STUDENT'S DEMONSTRATED FINANCIAL NEED. RESOURCES DEDICATED TO THE FINANCIAL AID PROGRAM ENSURE THAT WELLESLEY IS SUCCESSFUL IN RECRUITING AND ENROLLING A STRONG AND DIVERSE STUDENT BODY WITH CONTINUED ATTENTION TO ISSUES OF FINANCING AND AFFORDABILITY. APPROXIMATELY 60 PERCENT OF THE STUDENT BODY RECEIVES FINANCIAL AID AND WELLESLEY IS WIDELY RECOGNIZED AS ONE OF THE TOP 10 COLLEGES IN THE COUNTRY FOR STUDENTS GRADUATING WITH THE LEAST AMOUNT OF DEBT. 11482383 11482383 SPONSORED RESEARCH: WELLESLEY PRIDES ITSELF ON ITS COMMITMENT TO SUPPORTING THE TEACHER-SCHOLAR IDEAL, ENABLING OUR GIFTED FACULTY MEMBERS TO INTEGRATE THEIR LOVE OF TEACHING AND WORKING CLOSELY WITH STUDENTS WITH THEIR PURSUIT OF THE ADVANCEMENT OF KNOWLEDGE THROUGH THEIR WORLD-CLASS RESEARCH. 243046191 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 3003 0 1 2890 1 1 1 1 FR IT MX 0 0 0 0 0 0 0 0 0 1 X 30 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X PIPER ORTON 7812831000 106 CENTRAL STREET WELLESLEY MA 02481 PAULA A JOHNSON PRESIDENT 70.00 0.00 X X 604385 0 139358 DEBORA DE HOYOS CHAIR 12.00 0.00 X 0 0 0 RUTH CHANG VICE CHAIR 10.00 0.00 X 0 0 0 MARTHA GOLDBERG ARONSON TRUSTEE 2.00 0.00 X 0 0 0 KENNETH G BARTELS TRUSTEE 2.00 0.00 X 0 0 0 M AMY BATCHELOR TRUSTEE 2.00 0.00 X 0 0 0 BRIAN C BRODERICK TRUSTEE 2.00 0.00 X 0 0 0 ANNE SHEN CHAO TRUSTEE 2.00 0.00 X 0 0 0 ELYSE CHERRY TRUSTEE 2.00 0.00 X 0 0 0 CALLIE CROSSLEY TRUSTEE 2.00 0.00 X 0 0 0 OPHELIA DAHL TRUSTEE 2.00 0.00 X 0 0 0 SUZANNE FREY TRUSTEE 2.00 0.00 X 0 0 0 LAURA DAIGNAULT GATES TRUSTEE 2.00 0.00 X 0 0 0 CHERYL HAYWOOD TRUSTEE 2.00 0.00 X 0 0 0 AMANDA HERNANDEZ TRUSTEE 2.00 0.00 X 0 0 0 MAIA HEYMANN TRUSTEE 2.00 0.00 X 0 0 0 DOUGLAS HOLLET TRUSTEE 2.00 0.00 X 0 0 0 SANDRA HORBACH TRUSTEE 2.00 0.00 X 0 0 0 PATRICK LEE TRUSTEE 2.00 0.00 X 0 0 0 SUSAN KOENIGSBERG LUCAS TRUSTEE 2.00 0.00 X 0 0 0 LAURA RUSSELL MALKIN TRUSTEE 2.00 0.00 X 0 0 0 ELLEN R MARRAM TRUSTEE 2.00 0.00 X 0 0 0 ELIZABETH F MCCORMACK TRUSTEE 2.00 0.00 X 0 0 0 CHRISTOPHER T PASKO TRUSTEE 2.00 0.00 X 0 0 0 LIA GELIN POORVU TRUSTEE 2.00 0.00 X 0 0 0 SOPHIA SHAW TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER SMITH TRUSTEE 2.00 0.00 X 0 0 0 GRACE Y TOH TRUSTEE 2.00 0.00 X 0 0 0 SUE WAGNER TRUSTEE 2.00 0.00 X 0 0 0 ALVIA J WARDLAW TRUSTEE 2.00 0.00 X 0 0 0 DEBORAH F KUENSTNER CHIEF INVESTMENT OFFICER 60.00 0.00 X 987300 0 62374 ANDREW SHENNAN PROVOST AND DEAN OF COLLEGE 60.00 0.00 X 304679 0 130370 PIPER ORTON VP FOR FIN. & ADMIN. & TREAS. 60.00 0.00 X 345450 0 37010 MARY CASEY VP FOR DEVELOPMENT & PUB. AFF. 60.00 0.00 X 323823 0 31507 SHEILAH HORTON DEAN OF STUDENTS 60.00 0.00 X 238027 0 119909 ANN VELENCHIK DEAN OF ACADEMIC AFF. 60.00 0.00 X 239444 0 69287 JOY ST JOHN DEAN-ADMISS. & STU. FIN. SVCS 60.00 0.00 X 211839 0 47841 MEGAN NUNEZ DEAN OF FACULTY AFFAIRS 60.00 0.00 X 210369 0 37591 MICHAEL JEFFRIES DEAN OF ACADEMIC AFF. 60.00 0.00 X 188587 0 35009 ROSE C CARPENTER MANAGING DIRECTOR TO DEPUTY CIO 60.00 0.00 X 742932 0 66046 RAY OQUENDO CHIEF OPERATING OFFICER 60.00 0.00 X 658698 0 61888 KAREN PETRULAKIS GENERAL COUNSEL 60.00 0.00 X 345787 0 48452 GREG ROZOLSKY INVESTMENT DIRECTOR 60.00 0.00 X 363198 0 25100 RICHARD G FRENCH PROFESSOR OF ASTRONOMY 60.00 0.00 X 273192 0 44315 6037710 0 956057 233 0 1 0 TURNER CONSTRUCTION COMPANY 2 SEAPORT LANE - 2ND FLOOR BOSTON MA 02210 CONSTRUCTION 47925955 AMERESCO INC PO BOX 499135 BOSTON MA 02241 ENGINEERING SERVICES 11159007 SUFFOLK CONSTRUCTION COMPANY INC 65 ALLERTON STREET BOSTON MA 02119 CONSTRUCTION 4011743 DELLBROOK CONSTRUCTION LLC 859 WILLARD STREET QUINCY MA 02169 CONSTRUCTION 3086545 CLINICAL RESEARCH SEQUENCING PLATFORM 415 MAIN STREET CAMBRIDGE MA 02142 HEALTH&MEDICAL SERV 2517500 100 7903375 60280440 21274545 68183815 STUDENT TUITION AND FEES 900099 131001272 131001272 STUDENT ROOM AND BOARD 900099 20108469 20108469 WELLESLEY CENTER FOR WOMEN 900099 1549662 1549662 152659403 6283101 -3709800 9992901 605805000 324990026 280814974 280814974 1105750 279709224 AUXILIARY ENTERPRISES 900099 3078229 3078229 NEHOIDEN GOLF CLUB 713990 1998416 1998416 WELLESLEY COLLEGE CLUB 722320 4258 4258 2493246 2493246 7574149 515515442 158235136 -605634 289702125 64974222 64974222 5943040 5943040 3644859 1245808 2065551 333500 103826623 72760718 26300424 4765481 11524311 10929945 469778 124588 15427418 9970867 4974844 481707 7053082 5145238 1639851 267993 3886785 3886785 630045 11185 617172 1688 544918 544918 167873 167873 15865805 2345905 13069629 450271 4906811 2639291 2190291 77229 4600763 4003483 489383 107897 2185 2185 4957172 325066 4630014 2092 842663 123373 717757 1533 8445 5137 1755 1553 15988420 15988420 24740899 21964212 2291312 485375 1988356 1988356 BANK FEES 14252344 14233543 17975 826 STUDY AWAY EXPENSES 3103631 3103631 EQUIPMENT RENTAL 1212735 668242 524202 20291 PRINTING & MAILING 479045 229407 73163 176475 12864912 4444917 8096899 323096 323437362 243046191 72769576 7621595 0 0 99723149 212220452 61180325 49226481 2989000 3861427 300000 300000 0 0 6854188 6472471 493907 509676 4058118 6250188 876363079 347575481 465703994 528787598 870486000 1106045000 1479580077 2211855804 0 0 0 0 0 0 2991368758 4125529097 145791388 145889638 534247 956822 7607093 9350561 232258384 230495877 0 0 0 0 87225018 235713199 0 0 32003629 35321379 505419759 657727476 X 694998999 990577846 1790950000 2477223775 2485948999 3467801621 2991368758 4125529097 X 192078080 767720036 22054506 X 0 1 X 1 1 1 X 55335153 63618206 35590693 86543194 68183815 309271061 55335153 63618206 35590693 86543194 68183815 309271061 7309179 301961882 13802574 1940884 23975225 19899290 9992901 69610874 9166844 8299040 11652667 9372721 5575733 44067005 422948940 786064609 0.71390 0.69100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: AUXILIARY ENTERPRISES - 2016 AMOUNT: $ 6,498,653. 2017 AMOUNT: $ 5,633,977. 2018 AMOUNT: $ 4,241,133. 2019 AMOUNT: $ 4,970,992. 2020 AMOUNT: $ 3,078,229. NEHOIDEN GOLF CLUB - 2016 AMOUNT: $ 1,228,685. 2017 AMOUNT: $ 1,326,378. WELLESLEY COLLEGE CLUB - 2016 AMOUNT: $ 1,439,506. 2017 AMOUNT: $ 1,338,685. 2018 AMOUNT: $ 405,534. 2019 AMOUNT: $ 235,547. 2020 AMOUNT: $ 4,258. OTHER REVENUE - 2018 AMOUNT: $ 7,006,000. 2019 AMOUNT: $ 4,166,182. 2020 AMOUNT: $ 2,493,246. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2285397056 21401639 1026472781 44409376 52076639 3236785461 2173415000 28649118 176478722 48838336 44307448 2285397056 2105211700 25614153 137048791 46965425 47494219 2173415000 1930751111 54445964 205996958 37551792 48430541 2105211700 1784479646 230695137 41236924 43186748 1930751111 0.30360 0.69640 0 0 35974712 35974712 718726897 339547164 379179733 11444147 8028317 3415830 110217323 110217323 528787598 PRIVATE EQUITY 1359233000 F REAL ASSETS 143299000 F ABSOLUTE RETURN 616998000 F MISCELLANEOUS OTHER 92325804 F 2211855804 GOVERNMENT LOAN ADVANCES 209316 ANNUITIES & UNITRUSTS PAYABLE 35112063 35321379 X 1203540885 767720036 22054506 789774542 413766343 18653659 83095440 101749099 515515442 221688263 0 221688263 18653659 83095440 101749099 323437362 PART III, LINE 1A: FINANCIAL STATEMENT FOOTNOTE REGARDING ART COLLECTION WELLESLEY COLLEGE DOES NOT REPORT AS REVENUE ANY GIFTS THAT ARE WORKS OF ART. IN ADDITION, THE COLLEGE DOES NOT CAPITALIZE WORKS OF ART AS ASSETS ON ITS BALANCE SHEET. THIS TREATMENT IS PERMITTED UNDER SFAS 116. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING WORKS OF ART, HISTORICAL TREASURE, OR OTHER SIMILAR ASSETS HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. PART III, LINE 4: DESCRIPTION OF ORGANIZATION'S COLLECTION THE DAVIS MUSEUM AND CULTURAL CENTER HAS A PERMANENT COLLECTION OF APPROXIMATELY 11,000 OBJECTS DATING FROM ANCIENT TIMES TO PRESENT DAY. INCLUDED ARE PAINTINGS, SCULPTURES, DECORATIVE OBJECTS, AND WORKS ON PAPER REPRESENTING THE CREATIVE GENIUS OF CULTURES AROUND THE WORLD. THE COLLECTION OF THE MUSEUM SERVES AS A VALUED TEACHING RESOURCE FOR STUDENTS AND FACULTY IN MULTIPLE DISCIPLINES. PROFESSORS FREQUENTLY ASSIGN STUDENTS TO SEE AND THINK ABOUT PIECES BEING SHOWN IN THE MUSEUM; THE MUSEUM ALSO MAKES AVAILABLE WORKS FROM THE PERMANENT COLLECTION TO CLASSES MEETING IN THE MUSEUM. FUNDAMENTAL TO THE SPIRIT OF THESE EXERCISES IS THE STUDENTS' ENCOUNTERS WITH ORIGINAL WORKS OF ART, RATHER THAN REPRODUCTIONS. IN ADDITION TO THESE FORMAL LEARNING EXPERIENCES, THE DAVIS MUSEUM PLAYS A CENTRAL ROLE IN THE COLLEGE'S EFFORTS TO RAISE IN ITS STUDENTS AN AWARENESS OF RICHNESS AND OF HUMAN CREATIVITY AND A RESPECT FOR DIVERSITY. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS THE WELLESLEY COLLEGE ENDOWMENT PROVIDES CRITICAL FUNDING THAT SUPPORTS FINANCIAL AID AND FACULTY SALARIES, MAINTAINS AND EXPANDS FACILITIES, AND UNDERWRITES NEW INITIATIVES AND PROGRAMS. THE ENDOWMENT HAS GROWN TO PROVIDE APPROXIMATELY 40 PERCENT OF OPERATING REVENUE. WELLESLEY COLLEGE'S STRONG AND PRUDENT FINANCIAL MANAGEMENT ENSURES THE PURCHASING POWER OF THE ENDOWMENT FOR GENERATIONS TO COME. THE TOP USES OF THE ENDOWMENT FOR FY2021 WERE FINANCIAL AID AND FACULTY SALARIES. PART X, LINE 2: THE COLLEGE HAS NO MATERIAL UNCERTAIN TAX PROVISIONS AS OF JUNE 30, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP 6,442,084. MINIMUM PENSION LIABILITY 15,612,422. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID INCLUDING PELL GRANTS 70,917,262. OTHER NON-OP EXPENSES 12,178,178. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID INCLUDING PELL GRANTS 70,917,262. OTHER NON-OP EXPENSES 12,178,178. PART V, LINE 2 WELLESLEY COLLEGE HAS ADOPTED ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2021 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF SCHEDULE D, LINE 2, WELLESLEY COLLEGE HAS REPORTED ENDOWMENT FUNDS WITHOUT DONOR RESTRICTIONS AS BOARD DESIGNATED OR QUASI-ENDOWMENT AND ENDOWMENT FUNDS WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT, RESPECTIVELY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL COLLEGE PUBLICATIONS, INCLUDING RECRUITMENT BROCHURES AND CATALOGS, COURSES DESCRIPTION DOCUMENTS, THE COLLEGE'S WEBSITE, AND FACULTY AND STUDENT HANDBOOKS, ETC. OUTLINE THE INSTITUTION'S NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 WELLESLEY COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING PROGRAMS: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PERKINS LOANS, AND COLLEGE WORK-STUDY PROGRAMS. 1 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY AWAY TUITION 161013 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 6 PROGRAM SERVICES STUDY AWAY TUITION 2118840 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY AWAY TUITION 88500 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY AWAY TUITION -2779 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY AWAY TUITION 51369 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY AWAY PROGRAM 656460 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY AWAY PROGRAM 632 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES INTERNSHIPS 4950 NORTH AMERICA 0 0 PROGRAM SERVICES INTERNSHIPS 2200 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERNSHIPS 26800 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES INTERNSHIPS 89625 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES INTERNSHIPS 7900 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES INTERNSHIPS 4950 SOUTH AMERICA 0 0 PROGRAM SERVICES INTERNSHIPS 5550 SOUTH ASIA 0 0 PROGRAM SERVICES INTERNSHIPS 6400 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INTERNSHIPS 13000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES FINANCIAL AID 209965 NORTH AMERICA 0 0 PROGRAM SERVICES FINANCIAL AID 705495 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES FINANCIAL AID 449466 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES FINANCIAL AID 1023898 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES FINANCIAL AID 339882 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES FINANCIAL AID 445668 SOUTH AMERICA 0 0 PROGRAM SERVICES FINANCIAL AID 576578 SOUTH ASIA 0 0 PROGRAM SERVICES FINANCIAL AID 505183 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES FINANCIAL AID 1686905 EAST ASIA AND THE PACIFIC 0 0 INVESTMENT INVESTMENT 378149063 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENT INVESTMENT 365001047 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENT INVESTMENT 88537927 NORTH AMERICA 0 0 INVESTMENT INVESTMENT 20749608 1 6 0 0 1 6 3078985 858537110 861616095 FINANCIAL AID CENTRAL AMERICA AND THE CARIBBEAN 3 209965 CREDIT TO ACCOUNT FINANCIAL AID NORTH AMERICA 10 705495 CREDIT TO ACCOUNT FINANCIAL AID EAST ASIA AND THE PACIFIC 8 449466 CREDIT TO ACCOUNT FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 15 1023898 CREDIT TO ACCOUNT FINANCIAL AID MIDDLE EAST AND NORTH AFRICA 5 339882 CREDIT TO ACCOUNT FINANCIAL AID RUSSIA AND NEIGHBORING STATES 6 445668 CREDIT TO ACCOUNT FINANCIAL AID SOUTH AMERICA 9 576578 CREDIT TO ACCOUNT FINANCIAL AID SOUTH ASIA 10 505183 CREDIT TO ACCOUNT FINANCIAL AID SUB-SAHARAN AFRICA 22 1686905 CREDIT TO ACCOUNT 1 0 1 1 1 1 PART I, LINE 2: MONITORING USE OF FUNDS THE COLLEGE AWARDS AID TO MEET 100% OF A STUDENT'S DEMONSTRATED NEED. ALL AID IS CREDITED TO THE STUDENT'S ACCOUNT. IF THE STUDENT WITHDRAWS FROM WELLESLEY, THE AID IS ADJUSTED ACCORDINGLY. PAYMENTS IN CONNECTION WITH A STUDY ABROAD PROGRAM ARE MADE WHILE THE STUDENT IS LIVING OUTSIDE THE UNITED STATES. HOWEVER, AT THE TIME THE PAYMENT IS MADE, THE STUDENT IS A RESIDENT OF THE UNITED STATES. PART III ACCOUNTING METHOD: 1 FINANCIAL AID 1380 63745222 FINANCIAL AID - EMERGENCY RELIEF FUNDS 1303 1229000 PART I, LINE 2: MONITORING USE OF FUNDS THE COLLEGE AWARDS AID TO MEET 100% OF A STUDENT'S DEMONSTRATED NEED. ALL AID IS CREDITED TO THE STUDENT'S ACCOUNT. IF THE STUDENT WITHDRAWS FROM WELLESLEY, THE AID IS ADJUSTED ACCORDINGLY. FOR INTERNSHIPS, THE COLLEGE IS IN CONTACT WITH THE ORGANIZATIONS PROVIDING THE INTERNSHIP TO ENSURE THAT HIGH-QUALITY PROGRAMS ARE PROVIDED TO THE STUDENTS. PART III, LINE 2: HIGHER EDUCATION EMERGENCY RELIEF FUND IN FISCAL YEAR 2020, WELLESLEY COLLEGE WAS AWARDED $985,000 FROM THE HIGHER EDUCATION EMERGENECY RELIEF FUND (HEERF). THE FUNDS WERE USED FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS UNDER THE 18004(A)(1) CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT). THE COLLEGE DISBURSED $724,000 OF THE TOTAL RECEIVED TO STUDENTS TO ASSIST THE STUDENTS IN THEIR TRANSITION TO REMOTE LEARNING, WITH THE REMAINING $261,000 TO BE DISBURSED IN FISCAL YEAR 2021. IN FISCAL YEAR 2021, THE COLLEGE WAS AWARDED A SECOND ROUND OF FUNDING FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND II (HEERF II) UNDER SECTION 341(A)(1) OF THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT, 2021 (CRRSAA). THE COLLEGE RECEIVED $985,000 TO PROVIDE ADDITIONAL EMERGENCY FINANCIAL AID GRANTS TO STUDENTS. THE COLLEGE DISBURSED $968,000 TO STUDENTS IN FISCAL YEAR 2021, AND WILL DISBURSE THE REMAINING $17,000 TO STUDENTS IN FISCAL YEAR 2022. X X X 1 1 X X X X X 0 0 0 0 0 1 0 1 0 DEBORAH F KUENSTNER CHIEF INVESTMENT OFFICER 533458 0 450674 0 3168 0 34985 0 27389 0 1049674 0 0 0 ROSE C CARPENTER MANAGING DIRECTOR TO DEPUTY CIO 383683 0 358829 0 420 0 34985 0 31061 0 808978 0 0 0 PAULA A JOHNSON PRESIDENT 531774 0 0 0 72611 0 34985 0 104373 0 743743 0 0 0 RAY OQUENDO CHIEF OPERATING OFFICER 357440 0 299607 0 1651 0 34985 0 26903 0 720586 0 0 0 ANDREW SHENNAN PROVOST AND DEAN OF COLLEGE 272856 0 30000 0 1823 0 26621 0 103749 0 435049 0 0 0 KAREN PETRULAKIS GENERAL COUNSEL 344952 0 0 0 835 0 27322 0 21130 0 394239 0 0 0 GREG ROZOLSKY INVESTMENT DIRECTOR 287928 0 75000 0 270 0 3611 0 21489 0 388298 0 0 0 PIPER ORTON VP FOR FIN. & ADMIN. & TREAS. 343100 0 0 0 2350 0 27659 0 9351 0 382460 0 0 0 SHEILAH HORTON DEAN OF STUDENTS 236460 0 0 0 1567 0 20238 0 99671 0 357936 0 0 0 MARY CASEY VP FOR DEVELOPMENT & PUB. AFF. 322380 0 0 0 1443 0 10466 0 21041 0 355330 0 0 0 RICHARD G FRENCH PROFESSOR OF ASTRONOMY 200164 0 0 0 73028 0 22934 0 21381 0 317507 0 0 0 ANN VELENCHIK DEAN OF ACADEMIC AFF. 231221 0 0 0 8223 0 20000 0 49287 0 308731 0 0 0 JOY ST JOHN DEAN-ADMISS. & STU. FIN. SVCS 211350 0 0 0 489 0 18389 0 29452 0 259680 0 0 0 MEGAN NUNEZ DEAN OF FACULTY AFFAIRS 207571 0 0 0 2798 0 16420 0 21171 0 247960 0 0 0 MICHAEL JEFFRIES DEAN OF ACADEMIC AFF. 170434 0 15000 0 3153 0 14473 0 20536 0 223596 0 0 0 PART I, LINE 1A BENEFITS PROVIDED WELLESLEY COLLEGE'S POLICY IS THAT THE COLLEGE WILL NOT PAY FOR - OR REIMBURSE - TRAVEL, MEALS, AND EXPENSES OF THE SPOUSE/PARTNER OF AN EMPLOYEE WITH THE EXCEPTION OF THE PRESIDENT. SPECIFICALLY, WHILE PERFORMING HER OFFICIAL DUTIES IN THE AREA OF DEVELOPMENT, ALUMNAE RELATIONS, AND OTHER BUSINESS OF THE COLLEGE, THE PRESIDENT MAY BE ACCOMPANIED BY HER SPOUSE, WHO IS EXPECTED TO MAKE AN IMPORTANT CONTRIBUTION TO ACHIEVING THE PURPOSES OF THE TRAVEL OR EVENTS. IN THOSE CASES, THE COLLEGE'S POLICY IS TO AUTHORIZE THE PAYMENT OF ALL TRAVEL AND RELATED EXPENSES OF THE PRESIDENT'S SPOUSE. THE COLLEGE PROVIDES HOUSING TO CERTAIN EMPLOYEES AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE AND BENEFIT OF THE COLLEGE. THE PRESIDENT, PROVOST AND DEAN OF COLLEGE, AND DEAN OF STUDENTS EACH RECEIVED A HOUSING ALLOWANCE. THESE HOUSING ALLOWANCE AMOUNTS WERE NOT TAXABLE AND WERE NOT INCLUDED IN THEIR W-2. THE HOUSING REQUIREMENT AS A CONDITION OF EMPLOYMENT IS DOCUMENTED IN THE EMPLOYEE'S FILES. THE COLLEGE WILL NOT PAY FOR PERSONAL SERVICES WITH THE EXCEPTION OF THE PRESIDENT'S HOUSE. BECAUSE THE PRESIDENT'S HOUSE IS USED EXTENSIVELY FOR COLLEGE BUSINESS, HOUSEKEEPING SERVICES ARE PROVIDED FOR THE GENERAL SPACE. A CHEF WILL BE AT THE PRESIDENT'S HOUSE TO PROVIDE MEALS FOR BUSINESS PURPOSE FUNCTIONS. PERSONAL SERVICES PROVIDED TO EMPLOYEES ARE APPROPRIATELY REPORTED AS TAXABLE COMPENSATION. PART I, LINE 6 PAYMENTS CONTIGENT OF NET EARNINGS EMPLOYEES IN THE INVESTMENT OFFICE HAVE AN INCENTIVE PERFORMANCE-RELATED BONUS SYSTEM BASED ON THE INVESTMENT PERFORMANCE OF THE WELLESLEY COLLEGE ENDOWMENT. TOTAL COMPENSATION IS REVIEWED IN COMPARISON TO MARKET DATA PROVIDED BY INDEPENDENT THIRD PARTIES. PART I, LINE 7 NONFIXED PAYMENTS EMPLOYEES OTHER THAN INVESTMENT OFFICE EMPLOYEES ARE ABLE TO RECEIVE MERIT-BASED BONUS COMPENSATION. A MHEFA 2008 SERIES I 042456011 57586CP25 2008-01-31 57385000 CONSTRUCTION - REFINANCING 1999 ISSUE 0 0 0 B MDFA 2012 SERIES J 043431814 57583UNP9 2012-04-05 55497618 CONSTRUCTION 0 0 0 C MDFA 2018 SERIES L 043431814 57584YES4 2018-03-01 105663450 CONSTRUCTION - REFINANCING 1999 ISSUE 0 0 0 A 57385000 530057 25447000 31407943 2010 0 1 1 1 B 55497618 394458 55103160 2015 0 0 1 1 C 3315000 96500000 832680 90842320 4825000 2020 1 0 1 1 A 0 0 1 1 1 1 0 0 1 B 0 0 1 1 0 0 0 1 C 0 0 1 1 0 0 0 1 A 0 0 1 0 1 1 JP MORGAN 31.440000000000 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MDFA 2012 SERIES J DATE THE REBATE COMPUTATION WAS PERFORMED: 05/29/2020 SCHEDULE K, PART III, LINES 3C AND 3D: COLUMN A - MHEFA 2008 SERIES I THERE ARE RESEARCH AGREEMENTS THAT INVOLVE THE USE OF BOND FINANCED SPACE WHICH THE COLLEGE ROUTINELY ENGAGES BOND COUNSEL TO REVIEW WHETHER ANY RESEARCH AGREEMENTS RESULT IN PRIVATE BUSINESS USE. BASED ON REVIEW, NO KNOWN PRIVATE BUSINESS USE IS EVIDENT. SCHEDULE K, PART III, LINE 9: UNDER REGULATION SECTIONS 1.141-12 AND 1.145-2, WELLESLEY COLLEGE HAS ESTABLISHED WRITTEN PROCEDURES AS OF OCTOBER 3, 2014. SCHEDULE K, PART IV, LINE 2: COLUMN A - MHEFA 2008 SERIES I THE MHEFA 2008 SERIES I BOND ISSUE MEETS THE 6-MONTH EXCEPTION OF THE REBATE REQUIREMENT, AS THE GROSS PROCEEDS FROM THE BOND ISSUE WAS SPENT WITHIN 6 MONTHS OF THE ISSUE DATES. COLUMN C - MDFA 2008 SERIES L THE FIRST REBATE CALCULATION FOR THE MDFA SERIES L BOND IS DUE MARCH 1, 2023. ANDREW SHENNAN OFFICER MORTGAGE X 300000 300000 0 1 1 300000 X 643 0 FMV/$0 FOR TRACKING X FMV/$0 FOR TRACKING X FMV/$0 FOR TRACKING X 224 21274545 SELLING PRICE/FMV X 56 0 FMV/$0 FOR TRACKING X OTHER PERS. PP 48 0 FMV/$0 FOR TRACKING 7 0 1 1 PART I, COLUMN (B): WELLESLEY COLLEGE REPORTS THE NUMBER OF CONTRIBUTIONS IN PART I, COLUMN (B). PART I, LINE 32B: USE OF THIRD PARTIES WELLESLEY COLLEGE USES A SECURITIES BROKER TO SELL ALL DONATED PUBLICLY TRADED SECURITIES. THE FEES CHARGED BY THE BROKER ARE AT FAIR MARKET VALUE. SCHEDULE M, PART I, LINE 33: ACCOUNTING FOR WORKS OF ART WELLESLEY COLLEGE DOES NOT REPORT AS REVENUE ANY GIFTS THAT ARE WORKS OF ART. IN ADDITION, THE COLLEGE DOES NOT CAPITALIZE WORKS OF ART AS ASSETS IN ITS BALANCE SHEET. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW FORM 990 WAS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE COLLEGE'S FINANCE OFFICE. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS FORM 990 AND ALL REQUIRED SCHEDULES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990 AND ALL REQUIRED SCHEDULES ARE ALSO DISTRIBUTED TO THE FULL BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 PROVIDED TO GOVERNING BODY THE COLLEGE HAS DISTRIBUTED FORM 990 TO THE FULL BOARD OF TRUSTEES WITH THE EXCEPTION OF DONOR INFORMATION ON SCHEDULE B. BECAUSE OF SCHEDULE B'S PRIVATE AND CONFIDENTIAL NATURE, THE COLLEGE HAS CHOSEN NOT TO DISCLOSE THE IDENTITIES AND ADDRESSES OF ITS DONORS. AS SUCH, WE ARE REQUIRED TO ANSWER THE QUESTION ON LINE 11A "NO" EVEN THOUGH THE BOARD RECEIVES ALL OF FORM 990 EXCEPT FOR DONORS' NAMES AND ADDRESSES. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY CONFLICT OF INTEREST POLICIES ARE IN PLACE FOR TRUSTEES, OFFICERS, EXTERNAL INVESTMENT COMMITTEE MEMBERS, AND ALL EMPLOYEES. TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE - AT LEAST AS OFTEN AS ANNUALLY AND WHENEVER A POTENTIAL CONFLICT ISSUE ARISES - FINANCIAL OR PERSONAL INTERESTS WHICH MAY GIVE RISE TO CONFLICTS. THE CLERK OF THE BOARD OF TRUSTEES PROVIDES AN ANNUAL REPORT TO THE TRUSTEES SUMMARIZING THE CONFLICT OR POTENTIAL CONFLICTS ISSUES. AT LEAST ANNUALLY, THE TRUSTEES REVIEW THE COLLEGE'S RELATIONSHIPS WITH SIGNIFICANT VENDORS OR SERVICE PROVIDERS SERVING THE COLLEGE TO ASSURE THAT SUCH RELATIONSHIPS ARE IN THE BEST INTEREST OF THE COLLEGE AND ARE OTHERWISE CONSISTENT WITH THE TERMS OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS OF THE COLLEGE IS DETERMINED BY THE COMPENSATION COMMITTEE, A SUBCOMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES UTILIZES INDEPENDENT EXTERNAL CONSULTANTS TO ASSIST WITH BOTH THE REVIEW OF COMPENSATION GUIDELINES AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6, INCLUDING CONTEMPERANEOUS DOCUMENTATION OF COMPENSATION DECISIONS. KEY EMPLOYEES ARE COMPENSATED BASED UPON THE GUIDELINES THE COLLEGE HAS FOR ADMINISTRATIVE AND FACULTY EMPLOYEES. THESE GUIDELINES INCLUDE REVIEW OF THE MARKET BY LOOKING AT SALARIES FOR COMPARABLE POSITIONS AS WELL AS A MERIT PROGRAM BASED ON PERFORMANCE. COMPENSATION DECISIONS ARE MADE BY PERSONS WHO ARE INDEPENDENT OF THE EMPLOYEES FOR WHOM THE COMPENSATION IS BEING DETERMINED. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS A COPY OF THE BUSINESS CONDUCT POLICY WHICH INCLUDES THE CONFLICT OF INTEREST POLICY IS GIVEN TO ALL NEW EMPLOYEES UPON HIRE. BOTH THE BUSINESS CONDUCT POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. THE COLLEGE'S ORGANIZING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: SWAP GAIN/LOSS 6,442,084. PENSION RELATED CHANGES 15,612,422. WELLESLEY COLLEGE FOUNDATION UK LIMITED 19 NORCOTT ROAD LONDON UK N16 7EJ 981196154 EDUCATION UK 549035 2947 WELLESLEY POOLED INCOME FUNDS (5) SUPPORT MA N/A T 1 CHARITABLE REMAINDER TRUSTS (2) SUPPORT MA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 POOLED INCOME FUNDS (5) S 378677 ACCRUAL CHARITABLE REMAINDER TRUSTS (2) S 1025462 ACCRUAL