2021-05-14T15:55:39-05:00 2020-06-30 KPMG LLP 300 N GREENE ST STE 400 GREENSBORO NC 27401 990 2019-07-01 010215213 BOWDOIN COLLEGE % REBECCA COREY BOWD 2077215078 5400 COLLEGE STATION BRUNSWICK ME 040118445 MATTHEW ORLANDO SVP FINANCE/TREASURER 2077253242 2021-05-13 true TARA D'AGOSTINO P01245482 3362753994 2021-05-07 2019 2022-09-23 18:48:47Z CLAYTON ROSE 5400 COLLEGE STATION BRUNSWICK ME 040118445 756330000 false X WWW.BOWDOIN.EDU X 1794 ME FOUR-YEAR PRIVATE UNDERGRADUATE LIBERAL ARTS COLLEGE. SEE SCHEDULE O. 41 39 3173 2284 -6233000 0 46950000 71378000 128859000 126288000 105809000 126844000 1407000 457000 283025000 324967000 45386000 48470000 0 0 112728000 114616000 241000 172000 8431000 75221000 70272000 233576000 233530000 49449000 91437000 2380634000 2358149000 460724000 376613000 1919910000 1981536000 X *SEE SCHEDULE O* false false 192415000 48470000 126756000 THE ON-CAMPUS STUDENT BODY NUMBERS APPROXIMATELY 1,800. AN ESTIMATED 161 STUDENTS STUDY AWAY ANNUALLY; 95% COMPLETE THE DEGREE WITHIN FIVE YEARS; THE STUDENT/FACULTY RATIO IS 9:1; 100% OF FACULTY HAS A PH.D. OR EQUIVALENT. AS OF JUNE 2020, 41,445 STUDENTS HAVE MATRICULATED AT BOWDOIN COLLEGE, AND 33,041 DEGREES IN ACADEMIC PROGRAMS HAVE BEEN AWARDED. 192415000 true true false true false false false true true true true true false false true true true false true true true false true true true false false true true true true false true false false false false true false true false true true false false true true true true false false true 577 0 true 3173 true true true true UK false false false true true false false false false true true X 41 39 false false false false false false false true true false false false true true true true true true true false X X REBECCA COREY 2077215078 5400 COLLEGE STATION BRUNSWICK ME 040118445 PAULA VOLENT SVP/CHIEF INVESTMENT OFFICER 40.0 0.0 X 4170808 0 65495 CLAYTON ROSE PRESIDENT 40.0 0.0 X X 499347 0 94849 CHRIS PICCIONE ENDOWMENT CHIEF OPS OFFICER 40.0 0.0 X 501321 0 14251 SCOTT MEIKLEJOHN SVP FOR DVT & ALUMNI RELATIONS 40.0 0.0 X 364518 0 60010 MATTHEW ORLANDO SVP FINANCE & ADMIN/TREASURER 40.0 0.0 X 352845 0 59679 ELIZABETH MCCORMACK SVP/DEAN FOR ACADEMIC AFFAIRS 40.0 0.0 X 306768 0 55962 JOHN HOLT FACULTY 40.0 0.0 X 316527 0 23027 MICHAEL ARCHIBALD ASSOC VP DVT & ALUMNI RELATNS 40.0 0.0 X 270260 0 62065 MICHAEL CATO SVP/CHIEF INFORMATION OFFICER 40.0 0.0 X 269571 0 58652 JENNIFER SCANLON FMR INTERIM DEAN ACAD. AFFAIRS 40.0 0.0 X 238786 0 77629 MICHAEL REED SVP FOR INCLUSION & DIVERSITY 40.0 0.0 X 261940 0 40481 E WHITNEY SOULE SVP/DEAN ADMISSIONS & ST. AID 40.0 0.0 X 245342 0 55524 SCOTT HOOD SVP FOR COMM & PUBLIC AFFAIRS 40.0 0.0 X 239854 0 48809 ALLEN WELLS FACULTY 40.0 0.0 X 263932 0 22908 PATSY DICKINSON FACULTY 40.0 0.0 X 220854 0 43751 JANET LOHMANN SVP/DEAN FOR STUDENT AFFAIRS 40.0 0.0 X 196584 0 58303 TIMOTHY FOSTER FMR DEAN OF STUDENT AFFAIRS 40.0 0.0 X 144994 0 37393 ROBERT F WHITE CHAIR 8.0 0.0 X X 0 0 0 PAULA M WARDYNSKI VICE CHAIR 8.0 0.0 X X 0 0 0 JENNIFER GOLDSMITH ADAMS TRUSTEE 4.0 0.0 X 0 0 0 TEJUS AJMERA TRUSTEE 4.0 0.0 X 0 0 0 SYDNEY ASBURY TRUSTEE 4.0 0.0 X 0 0 0 PETER J BERNARD TRUSTEE 4.0 0.0 X 0 0 0 ARTHUR E BLACK TRUSTEE 4.0 0.0 X 0 0 0 RONALD C BRADY TRUSTEE 4.0 0.0 X 0 0 0 DAVID G BROWN TRUSTEE 4.0 0.0 X 0 0 0 ELLEN L P CHAN TRUSTEE 4.0 0.0 X 0 0 0 LEONARD W COTTON TRUSTEE 4.0 0.0 X 0 0 0 MICHELE G CYR TRUSTEE 4.0 0.0 X 0 0 0 JEFF D EMERSON TRUSTEE 4.0 0.0 X 0 0 0 JOHN F FISH TRUSTEE 4.0 0.0 X 0 0 0 ROBERT T FRIEDMAN TRUSTEE 4.0 0.0 X 0 0 0 BERTRAND GARCIA-MORENO TRUSTEE 4.0 0.0 X 0 0 0 STEPHEN F GORMLEY TRUSTEE 4.0 0.0 X 0 0 0 SHELLEY A HEARNE TRUSTEE 4.0 0.0 X 0 0 0 BRADFORD A HUNTER TRUSTEE 4.0 0.0 X 0 0 0 TASHA VANDERLINDE IRVING TRUSTEE 4.0 0.0 X 0 0 0 ANN HAMBELTON KENYON TRUSTEE 4.0 0.0 X 0 0 0 GREGORY E KERR TRUSTEE 4.0 0.0 X 0 0 0 GEORGE A KHALDUN TRUSTEE 4.0 0.0 X 0 0 0 JOSEPH V MCDEVITT JR TRUSTEE 4.0 0.0 X 0 0 0 JOHN F MCQUILLAN JR TRUSTEE 4.0 0.0 X 0 0 0 HENRY T A MONIZ TRUSTEE 4.0 0.0 X 0 0 0 DAVID A MORALES TRUSTEE 4.0 0.0 X 0 0 0 SCOTT B PERPER TRUSTEE 4.0 0.0 X 0 0 0 JANE L PINCHIN TRUSTEE 4.0 0.0 X 0 0 0 MARY HOGAN PREUSSE TRUSTEE 4.0 0.0 X 0 0 0 ALISON E RUNDLETT TRUSTEE 4.0 0.0 X 0 0 0 JOAN BENOIT SAMUELSON TRUSTEE 4.0 0.0 X 0 0 0 PHILIP W SCHILLER TRUSTEE 4.0 0.0 X 0 0 0 ANDREW E SERWER TRUSTEE 4.0 0.0 X 0 0 0 DIANA L SPAGNUOLO TRUSTEE 4.0 0.0 X 0 0 0 JAMES E STALEY TRUSTEE 4.0 0.0 X 0 0 0 JOHN K L THORNDIKE TRUSTEE 4.0 0.0 X 0 0 0 KAREN N WALKER TRUSTEE 4.0 0.0 X 0 0 0 DAVID P WHEELER TRUSTEE 4.0 0.0 X 0 0 0 MITCHELL S ZUKLIE TRUSTEE 4.0 0.0 X 0 0 0 8864251 0 878788 197 true true false WRIGHT-RYAN CONSTRUCTION 10 DANFORTH STREET PORTLAND ME 04101 CONST. SERVICES 9647757 JF SCOTT CONSTRUCTION 20 ROYAL STREET WINTHROP ME 04364 CONST. SERVICES 4661152 ZACHAU CONSTRUCTION INC 1185 US ROUTE ONE PO BOX 1 FREEPORT ME 04032 CONST. SERVICES 1247217 HGA SDS 12-1861 PO BOX 86 MINNEAPOLIS MN 55486 ARCHITECT/ENGINEER 1047268 EBSCO INFORMATION SERVICES PO BOX 204661 DALLAS TX 75320 LIBRARY SERVICES 764320 67 27000 70000 5062000 66219000 9644000 71378000 TUITION AND FEES 611710 101459000 101459000 ROOM AND BOARD 611710 19461000 19461000 AUXILIARY ENTERPRISES 611710 3930000 3563000 367000 APPLICATION FEES 611710 166000 166000 OFF-CAMPUS STUDY 611710 455000 455000 817000 817000 126288000 6397000 -8605000 15002000 0 5000 5000 31000 31000 0 31000 31000 551729000 40000 431322000 120407000 40000 120447000 2005000 118442000 25000 70000 41000 -16000 -16000 0 0 0 0 0 0 OTHER REVENUE 611710 437000 437000 437000 324967000 126389000 -6233000 133433000 596000 596000 47377000 47377000 497000 497000 0 8092000 2325000 5270000 497000 335000 237000 98000 80266000 67152000 9145000 3969000 8349000 6946000 952000 451000 11633000 9781000 1268000 584000 5941000 4808000 802000 331000 0 817000 817000 399000 399000 22800 22800 172000 172000 305000 305000 6026000 3616000 1296000 1114000 45000 42000 3000 4937000 3612000 772000 553000 5184000 3500000 1682000 2000 0 6249000 5056000 1180000 13000 3155000 2530000 321000 304000 0 1034000 666000 56000 312000 11756000 10815000 941000 0 13936000 12821000 1115000 831000 723000 108000 PROVISION FOR EXCISE TAXES 4923000 4923000 LIBRARY MATERIALS 3118000 3118000 PURCHASES FOR RESALE 2793000 2793000 FACILITIES MAINT. AND REPAIR 2338000 2221000 117000 2403200 1420000 952200 31000 233530000 192415000 32684000 8431000 0 0 21285000 24213000 29701000 62003000 1928000 2133000 0 0 0 0 2706000 2118000 1646000 1485000 3747000 4182000 522971000 196014000 295920000 326957000 64004000 71161000 1852021000 1844440000 0 0 0 0 107676000 19457000 2380634000 2358149000 27044000 21103000 2438000 1645000 1179000 1066000 151334000 87223000 13000 20000 0 0 41574000 21727000 0 0 237142000 243829000 460724000 376613000 X 255634000 246539000 1664276000 1734997000 1919910000 1981536000 2380634000 2358149000 X 91437000 -22737000 -7074000 X false true X true true true X 32713000 40302000 27833000 46950000 71378000 219176000 0 0 32713000 40302000 27833000 46950000 71378000 219176000 11998935 207177065 12306000 14093000 14932000 16670000 15038000 73039000 0 40000 35000 37000 0 25000 137000 292352000 613632000 0.70866 0.68840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 22800 22800 false LOBBYING ACTIVITIES PART II-B, LINE 1I THE ORGANIZATION PAYS MEMBERSHIP DUES TO ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. X X X X false false true X 1743671000 18977000 99255000 32721000 39635000 8577000 1780970000 1628165000 17810000 173843000 30565000 37087000 8495000 1743671000 1455909000 16533000 225572000 28788000 34453000 6608000 1628165000 1339981000 16132000 163263000 25996000 31308000 6163000 1455909000 1392760000 21497000 -19070000 22736000 27236000 5234000 1339981000 0.08200 0.91800 false false 7131000 7131000 404555000 147122000 257433000 6397000 1200000 5197000 44311000 38227000 6084000 0 60577000 9465000 51112000 326957000 FIXED INCOME 5238000 F EQUITIES 434995000 F ABSOLUTE RETURN 548092000 F ALTERNATIVE INVESTMENTS 856115000 F 1844440000 0 LIABILITY: POST-RETIREMENT BEN 21325000 ASSET RETIREMENT OBLIGATION 1514000 LIABILITY FOR PV OF LIFE INCOM 14689000 FAIR VALUE OF INTEREST RATE SW 9609000 DEFERRED TAX LIABILITY 4100000 EXCISE TAX LIABILITY 1335000 TAXABLE BOND LIABILITIES 191257000 243829000 X 282686000 -22737000 -7074000 -29811000 312497000 8576000 3894000 12470000 324967000 221060000 41000 41000 221019000 8576000 3935000 12511000 233530000 ORGANIZATIONS MAINTAINING COLLECTIONS PART III, LINE 1A THE COLLEGE DOES NOT CAPITALIZE COLLECTIONS, PRIMARILY ART OBJECTS, AS THEY ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FINANCIAL GAIN. PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTION. ORGANIZATION'S COLLECTIONS PART III, LINE 4 COLLEGE COLLECTIONS ARE PRIMARILY ART OBJECTS HELD FOR PUBLIC EXHIBITION AND EDUCATION. CUSTODIAL ACCOUNTS PART IV, LINE 2B THE COLLEGE HOLDS $20,000 OF SECURITY DEPOSITS ON ITS RENTAL PROPERTIES. ENDOWMENT FUNDS PART V, LINE 4 THE COLLEGE'S ENDOWMENT IS INVESTED WITH THE INTENT OF BALANCING THE GOALS OF GENERATING A STEADY, STABLE STREAM OF FUNDS TO SUPPORT THE CURRENT OPERATIONS OF THE COLLEGE WHILE PRESERVING THE PURCHASING POWER OF THE ENDOWMENT TO SUPPORT PROGRAMS AND INITIATIVES FOR FUTURE GENERATIONS OF BOWDOIN STUDENTS. THE TOP FOUR USES OF THE ENDOWMENT FOR FY 2020 WERE AS FOLLOWS: FINANCIAL AID 47.5%; FACULTY COMPENSATION, ACADEMIC PROGRAMS AND RESEARCH 21.1%; GENERAL OPERATIONS 17.6%; LIBRARY AND MUSEUM PROGRAM SUPPORT 6%. FIN 48 (ASC 740) FOOTNOTE PART X, LINE 2 THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AND IS GENERALLY EXEMPT FROM INCOME TAXES AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. THE COLLEGE ASSESSES UNCERTAIN TAX POSITIONS AND HAS DETERMINED THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. OTHER REVENUE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XI, LINE 2D NET UNREALIZED LOSS ON INTEREST RATE SWAP ($2,848,000) POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST ($2,516,000) NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS ($385,000) LOSS ON ASSET RETIREMENT OBLIGATION ($49,000) UNAMORTIZED BOND ISSUE DISCOUNTS/COSTS ($1,044,000) UNCOLLECTIBLE PLEDGES ($232,000) ------------ TOTAL ($7,074,000) OTHER EXPENSES INCLUDED ON FORM 990, PART VIII PART XI, LINE 4B DEFERRED & EXCISE TAX LIABILITIES $3,935,000 DIRECT EXPENSES FOR FUNDRAISING EVENT ($41,000) ------------ TOTAL $3,894,000 OTHER EXPENSES NOT INCLUDED ON FORM 990, PART IX PART XII, LINE 2D DIRECT EXPENSES FOR FUNDRAISING EVENT $41,000 OTHER EXPENSES INCLUDED ON FORM 990, PART IX PART XII, LINE 4B DEFERRED & EXCISE TAX LIABILITIES $3,935,000 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY PART I, LINE 3 THE ACADEMIC HANDBOOK CONTAINS A STATEMENT OF BOWDOIN COLLEGE'S NON-DISCRIMINATION POLICY. THE ACADEMIC HANDBOOK IS PUBLISHED ONLINE AT THE COLLEGE'S WEBSITE - HTTPS://BOWDOIN-PUBLIC.COURSELEAF.COM EXPLANATION OF GOVERNMENT FINANCIAL AID PART I, LINE 6A THE COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND COLLEGE WORK STUDY PROGRAMS. true East Asia and the Pacific Grantmaking 56000 Europe (Including Iceland and Greenland) Grantmaking 440000 North America Grantmaking 1000 Central America and the Caribbean Investments 923404000 Europe (Including Iceland and Greenland) Investments 12589000 Sub-Saharan Africa Investments 33534000 East Asia and the Pacific Program Services SEE PART V 20000 East Asia and the Pacific Program Services STUDENT RECRUITMENT 5000 Europe (Including Iceland and Greenland) Program Services SEE PART V 85000 Europe (Including Iceland and Greenland) Program Services STUDENT RECRUITMENT 6000 North America Program Services SEE PART V 42000 North America Program Services STUDENT RECRUITMENT 3000 North America 1 17 Program Services SCIENTIFIC STATION 122000 Russia and the Newly Independent States Program Services SEE PART V 2000 South America Program Services SEE PART V 1000 South America Program Services STUDENT RECRUITMENT 3000 South Asia Program Services SEE PART V 10000 Europe (Including Iceland and Greenland) Fundraising 2000 North America Fundraising 2000 South Asia Program Services STUDENT RECRUITMENT 2000 1 17 1 17 970323000 6000 970329000 FINANCIAL AID East Asia and the Pacific 5 56000 WIRE TRANSF FINANCIAL AID Europe (Including Iceland and Greenland) 27 440000 WIRE TRANSF FINANCIAL AID South America 1 1000 WIRE TRANSF true false true true true false MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASEDDETERMINED THROUGH ANALYSIS OF A FAMILY'S INCOME AND ASSETS. FAMILY INFORMATION IS COLLECTED THROUGH THE COLLEGE BOARD'S CSS/FINANCIAL AID PROFILE FORM, FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND THE FAMILY'S FEDERAL INCOME TAX RETURNS. EXCEPT FOR NATIONAL MERIT SCHOLARSHIPS, THE COLLEGE DOES NOT OFFER MERIT BASED AID. THE COLLEGE MAINTAINS A STUDENT AID OFFICE TO COUNSEL STUDENTS/FAMILIES ON HOW TO AFFORD A BOWDOIN EDUCATION AND TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. PROGRAM SERVICE ACTIVITIES PART I, LINE 3, COLUMN E PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. BASIS OF ACCOUNTING PART I, LINE 3, COLUMN F THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL. X X X X X X X true RONALD A JOYCE SEE PART IV false 21500 -21500 LIPMAN HEARNE SEE PART IV false 150765 -150765 172265 -172265 GOLF TOURNAMENT 95000 70000 25000 0 13000 17000 10000 0 1000 0 95000 70000 25000 0 13000 17000 10000 0 1000 41000 -16000 FUNDRAISING SERVICES PART I, LINE 2B, COLUMN (II) RONALD A JOYCE FUNDRAISING ACTIVITY: FUNDRAISING CONSULTANT LIPMAN HEARNE FUNDRAISING ACTIVITY: COMPREHENSIVE CAMPAIGN MARKETING, DESIGN AND CONSULTING true TOWN OF BRUNSWICK 85 UNION STREET BRUNSWICK ME 04011 999999999 GOV'T 467000 CONTRIBUTION CONTRIBUTION BRUNSWICK DEVELOPMENT CORPORATION 85 UNION STREET BRUNSWICK ME 04011 010498822 501(c)(3) 25000 CONTRIBUTION CONTRIBUTION BRUNSWICK AMERICAN LEGION 1 COLUMBUS DRIVE BRUNSWICK ME 04011 844691181 501(c)(19) 12500 CONTRIBUTION CONTRIBUTION BRUNSWICK DOWNTOWN ASSOCIATION PO BOX 15 BRUNSWICK ME 04011 753131242 501(c)(3) 12000 CONTRIBUTION CONTRIBUTION PEJEPSCOT HISTORICAL SOCIETY 159 PARK ROW BRUNSWICK ME 04011 016024157 501(c)(3) 10000 CONTRIBUTION CONTRIBUTION TOWN OF HARPSWELL PO BOX 39 HARPSWELL ME 04079 999999999 GOV'T 9500 CONTRIBUTION CONTRIBUTION UNITED WAY OF MID COAST MAINE 34 WING FARM PARKWAY BATH ME 04530 016004866 501(c)(3) 7500 CONTRIBUTION CONTRIBUTION 6 1 FINANCIAL ASSISTANCE FOR UNDERGRADUATE STUDENTS 968 44305000 STUDENT RESEARCH FELLOWSHIPS 598 1751000 GRAD. STUDENT FINANCIAL AID & POST GRAD. AWARDS 94 438000 ACADEMIC ACHIEVEMENT & OTHER STUDENT AWARDS 318 131000 COVID RELIEF - FEDERAL DISBURSEMENTS 820 555000 COVID RELIEF - BOWDOIN INSTITUTIONAL DISBURSEMENTS 351 197000 MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 GRANTS TO ORGANIZATIONS IN THE U.S. THE ALLOCATION OF GRANTS AND OTHER ASSISTANCE TO LOCAL ORGANIZATIONS AND MUNICIPALITIES IS DETERMINED ON AN ANNUAL BASIS BY THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER. GRANTS TO INDIVIDUALS IN THE U.S. ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASEDDETERMINED THROUGH ANALYSIS OF A FAMILY'S INCOME AND ASSETS. FAMILY INFORMATION IS COLLECTED THROUGH THE COLLEGE BOARD'S CSS/FINANCIAL AID PROFILE FORM, FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND THE FAMILY'S FEDERAL INCOME TAX RETURNS. EXCEPT FOR NATIONAL MERIT SCHOLARSHIPS, THE COLLEGE DOES NOT OFFER MERIT BASED AID. THE COLLEGE MAINTAINS A STUDENT AID OFFICE TO COUNSEL STUDENTS/FAMILIES ON HOW TO AFFORD A BOWDOIN EDUCATION AND TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. X X X X true true X X X X true false false false false false false true false CLAYTON ROSE PRESIDENT 492646 0 0 0 6701 0 41754 0 53095 0 594196 0 0 0 MATTHEW ORLANDO SVP FINANCE & ADMIN/TREASURER 351292 0 0 0 1553 0 36947 0 22732 0 412524 0 0 0 PAULA VOLENT SVP/CHIEF INVESTMENT OFFICER 1861948 0 2300000 0 8860 0 42575 0 22920 0 4236303 0 0 0 ELIZABETH MCCORMACK SVP/DEAN FOR ACADEMIC AFFAIRS 303519 0 0 0 3249 0 42452 0 13510 0 362730 0 0 0 JANET LOHMANN SVP/DEAN FOR STUDENT AFFAIRS 195296 0 0 0 1288 0 29236 0 29067 0 254887 0 0 0 SCOTT MEIKLEJOHN SVP FOR DVT & ALUMNI RELATIONS 353200 0 0 0 11318 0 42575 0 17435 0 424528 0 0 0 SCOTT HOOD SVP FOR COMM & PUBLIC AFFAIRS 235958 0 0 0 3896 0 35601 0 13208 0 288663 0 0 0 E WHITNEY SOULE SVP/DEAN ADMISSIONS & ST. AID 243638 0 0 0 1704 0 37562 0 17962 0 300866 0 0 0 MICHAEL CATO SVP/CHIEF INFORMATION OFFICER 266125 0 0 0 3446 0 26828 0 31824 0 328223 0 0 0 MICHAEL REED SVP FOR INCLUSION & DIVERSITY 257216 0 0 0 4724 0 28747 0 11734 0 302421 0 0 0 TIMOTHY FOSTER FMR DEAN OF STUDENT AFFAIRS 111598 0 0 0 33396 0 24038 0 13355 0 182387 0 0 0 JENNIFER SCANLON FMR INTERIM DEAN ACAD. AFFAIRS 232129 0 0 0 6657 0 37154 0 40475 0 316415 0 0 0 PATSY DICKINSON FACULTY 216691 0 0 0 4163 0 32443 0 11308 0 264605 0 0 0 MICHAEL ARCHIBALD ASSOC VP DVT & ALUMNI RELATNS 268532 0 0 0 1728 0 39869 0 22196 0 332325 0 0 0 JOHN HOLT FACULTY 80187 0 0 0 236340 0 17410 0 5617 0 339554 0 0 0 CHRIS PICCIONE ENDOWMENT CHIEF OPS OFFICER 185707 0 310000 0 5614 0 0 0 14251 0 515572 0 0 0 ALLEN WELLS FACULTY 101405 0 0 0 162527 0 16871 0 6037 0 286840 0 0 0 BENEFITS PART I, LINE 1A TRAVEL FOR COMPANIONS: SPOUSAL/PARTNER TRAVEL IS PERMISSIBLE IN INSTANCES WHERE THE PRESENCE OF A SPOUSE/PARTNER IS REQUIRED TO FURTHER A COLLEGE PURPOSE. THE AMOUNTS ARE COVERED UNDER THE COLLEGE'S EXPENSE REIMBURSEMENT POLICY. DURING THE TAX YEAR, THE ATTENDANCE OF THE PRESIDENT'S SPOUSE WAS REQUIRED AT CERTAIN COLLEGE EVENTS. RELATED TRAVEL COSTS WERE NONTAXABLE. GROSS-UP PAYMENTS: ONE KEY EMPLOYEE RECEIVED A GROSS-UP PAYMENT FOR CONSULTING SERVICES RECEIVED. TWO KEY EMPLOYEES AND THREE HIGHEST COMPENSATED EMPLOYEES RECEIVED A GROSS-UP PAYMENT ON A TAXABLE LENGTH OF SERVICE AWARD. HOUSING ALLOWANCE: THE COLLEGE REQUIRES THE PRESIDENT TO LIVE ON CAMPUS IN COLLEGE-PROVIDED HOUSING. THE VALUE OF THE BENEFIT IS INCLUDED IN PART II, COLUMN D FOR PRESIDENT CLAYTON ROSE. SOCIAL CLUB DUES: SOCIAL CLUB DUES WERE PAID BY THE COLLEGE ON BEHALF OF A KEY EMPLOYEE DURING CALENDAR YEAR 2019. THE DUES ARE NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS THE SOCIAL CLUB WAS USED TO CONDUCT COLLEGE BUSINESS ONLY. SEVERANCE OR CHANGE OF CONTROL PAYMENTS PART I, LINE 4A A HIGHEST COMPENSATED EMPLOYEE RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT $159,565. A HIGHEST COMPENSATED EMPLOYEE RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT $209,117. A KEY EMPLOYEE OF THE COLLEGE HAS AN EMPLOYMENT AGREEMENT WITH A CONDITIONAL SEVERANCE CLAUSE. NON-FIXED PAYMENTS PART I, LINE 7 A KEY EMPLOYEE IN THE INVESTMENT OFFICE HAS AN INCENTIVE PERFORMANCE-RELATED BONUS BASED IN PART ON THE INVESTMENT PERFORMANCE OF THE BOWDOIN COLLEGE ENDOWMENT. A HIGHEST COMPENSATED EMPLOYEE RECEIVED A BONUS WHICH WAS DETERMINED AT THE DISCRETION OF A KEY EMPLOYEE. A MAINE HHEFA 010314384 2017-04-03 20700000 DIR. PLACEMENT REMARKETING-PART VI false false false B MAINE HHEFA 010314384 56042RPK2 2017-12-28 35978713 ADVANCED REFUNDING - SEE PART VI false false false C MAINE HHEFA 010314384 56042RSC7 2018-11-29 32389091 CONSTRUCTION - SEE PART VI false false false A 0 0 20700000 0 0 0 0 0 0 0 20700000 0 2017 true false true true B 0 0 35978713 0 0 0 409145 0 0 0 35569568 0 2017 false true true true C 0 0 33121928 0 0 0 386973 0 0 30169744 0 2565211 false false false true A false true false false 0 false false false true B false true false false 0.00200 0.00200 false false false true C false false false false 0 false false false true A false true false false true false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true TAX EXEMPT BONDS PART I ROW A, COLUMN F: DIRECT PLACEMENT REMARKETING OF S2008 ISSUED 03/24/2008 ROW B, COLUMN F: PARTIALLY ADVANCE REFUND 2009A ISSUED 05/14/2009 ROW C, COLUMN F: CONSTRUCTION OTHER SPENT PROCEEDS PART II, LINE 3, COLUMN C THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS AND THE ISSUE PRICE IS THE RESULT OF INTEREST EARNINGS. PART II, LINE 11, COLUMNS A&B THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS NO LONGER IN ESCROW. LEASE ARRANGEMENT PART III, LINE 2, COLUMN A WHILE THERE ARE LEASES ASSOCIATED WITH THIS BOND FINANCED PROPERTY THE EQUITY CONTRIBUTION TO EACH PROJECT EXCEEDS THE AMOUNT OF PRIVATE BUSINESS USE. NA N/A 9945 scholarship benefit DAUGHTER OF TRUSTEE TRUSTEE- L. COTTON 98000 COMPENSATION false SPOUSE OF KEY EMPLOYEE KEY EMPLOYEE- S. HOOD 150000 COMPENSATION false SPOUSE OF FMR KEY EMPLOYEE FMR KEY EMPLOYEE- FOSTER 87000 COMPENSATION false X 735 SEE PART II X 218 9644000 SEE PART II 15 false true false CONTRIBUTIONS PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. NON-CASH CONTRIBUTIONS PART I, LINE 9 155 GIFTS OF PUBLICLY TRADED SECURITIES WERE VALUED AT FAIR MARKET VALUE. 63 PLANNED GIFTS WERE VALUED AT NET PRESENT VALUE. ART - WORKS OF ART PART I, LINE 33 THE COLLEGE DOES NOT RECOGNIZE REVENUE FOR CONTRIBUTIONS OF ART OBJECTS OR BOOKS AND PUBLICATIONS. ORGANIZATION'S MISSION CORE FORM 990, PART I, LINE 1 AND PART III, LINE 1 IT IS THE MISSION OF THE COLLEGE TO ENGAGE STUDENTS OF UNCOMMON PROMISE IN AN INTENSE FULL-TIME EDUCATION OF THEIR MINDS, EXPLORATION OF THEIR CREATIVE FACULTIES, AND DEVELOPMENT OF THEIR SOCIAL AND LEADERSHIP ABILITIES IN A FOUR-YEAR COURSE OF STUDY AND RESIDENCE THAT CONCLUDES WITH A BACCALAUREATE DEGREE IN THE LIBERAL ARTS. FORM 990 REVIEW PROCESS CORE FORM 990 PART VI, SECTION B, LINE 11B IN APRIL, A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE PRESIDENT AND THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER FOR THOROUGH REVIEW IN ADVANCE OF REGULARLY SCHEDULED BOARD OF TRUSTEES MEETINGS AND FILING WITH THE INTERNAL REVENUE SERVICE (IRS) IN MAY. SUBSEQUENT TO THIS REVIEW, A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE CHAIRMAN OF THE BOARD AND THE CHAIR OF THE AUDIT, RISK, AND REPUTATION COMMITTEE. ALL OTHER TRUSTEES ARE PROVIDED A PUBLIC DISCLOSURE COPY OF FORM 990 FOR REVIEW. THE SCHEDULE B AS FILED WITH THE IRS IS AVAILABLE TO ALL TRUSTEES, UPON REQUEST ONLY, AT THE BOARD OF TRUSTEES MEETINGS IN MAY. THE FORM 990 IS FILED WITH THE IRS AFTER THE TRUSTEES REVIEW AND APPROVE THE FORM AT THESE MEETINGS. CONFLICT OF INTEREST POLICY CORE FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE SURVEYS ANNUALLY ALL MEMBERS OF THE BOARD, ALL OFFICERS OF INSTRUCTION, AND ALL OFFICERS OF ADMINISTRATION AS TO POTENTIAL CONFLICTS OF INTEREST. SURVEYS ARE REVIEWED BY THE PRESIDENT, THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER, AND THE LEGAL OFFICER AND ASSISTANT SECRETARY OF THE COLLEGE. THE RESULTS OF THE SURVEY ARE REPORTED TO THE AUDIT, RISK, AND REPUTATION COMMITTEE AND TO THE BOARD OF TRUSTEES. ISSUES ARE DISCUSSED WITH LEGAL COUNSEL. COMPENSATION POLICY CORE FORM 990, PART VI, SECTION B, LINE 15 IN ACCORDANCE WITH TREASURY REGULATION 53.4958-6 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, ACTING AS A COMPENSATION COMMITTEE, ANNUALLY REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT AND SENIOR MANAGEMENT OFFICIALS. IN ALL CASES, THE EXECUTIVE COMMITTEE CONSIDERS COMPENSATION SURVEYS AND COMPETITIVE MARKET DATA. FOR SENIOR MANAGEMENT, THE PRESIDENT PROVIDES THE EXECUTIVE COMMITTEE WITH RECOMMENDED CHANGES TO COMPENSATION LEVELS. THE EXECUTIVE COMMITTEE DOCUMENTS SUCH DECISIONS IN ITS MINUTES WHERE APPROPRIATE. PUBLIC DISCLOSURE CORE FORM 990 PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AT WWW.BOWDOIN.EDU/FINANCE/FINANCIAL-DOCUMENTS. CORE FORM 990 PART XI, Line 9 NET UNREALIZED LOSS ON INTEREST RATE SWAP ($2,848,000) POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST ($2,516,000) NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS ($385,000) LOSS ON ASSET RETIREMENT OBLIGATION ($49,000) UNAMORTIZED BOND ISSUE DISCOUNTS/COSTS ($1,044,000) UNCOLLECTIBLE PLEDGES ($232,000) ---------- TOTAL ($7,074,000) POLAR BEAR INVESTMENTS LLC 5400 COLLEGE STATION BRUNSWICK ME 04011 043375078 INVESTMENTS ME 3503292 157478743 BOWDOIN TP PARTNERSHIP PO BOX 770 ASHLAND KY 41105 550648835 INVESTING KY NA EXCL. 512, 513, 514 0 40728 false true 0.56022 POOLED INCOME FUNDS (3) INVESTING BOWDOIN Trust true CHARITABLE REMAINDER TRUSTS (14) INVESTING BOWDOIN Trust true false false false false false false false false false false false false false false false false false false true POOLED INCOME FUND B S 477727 FMV POOLED INCOME FUND C S 190383 FMV POOLED INCOME FUNDS AND CHARITABLE REMAINDER TRUSTS DOMICILED PART IV THERE ARE 3 POOLED INCOME FUNDS REPORTED IN PART IV. ALL ARE DOMICILED IN MAINE. THERE ARE 14 CHARITABLE REMAINDER TRUSTS REPORTED IN PART IV. 10 ARE DOMICILED IN MAINE, 1 IN CONNECTICUT, 1 IN ILLINOIS, 1 IN NORTH CAROLINA AND 1 IN NEW YORK.