2021-05-17T09:54:49-05:00 2020-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2019-07-01 042103578 THE TRUSTEES OF MOUNT HOLYOKE COLLEGE % SUSAN O'NEILL - INTERIM CNTR TRUS 4135383674 50 COLLEGE STREET SOUTH HADLEY MA 01075 SHANNON D GUREK VP FIN ADMIN&TREASUR 4135383674 2021-05-13 true STEPHANIE LONCZAK P01880207 6179881000 2019 2022-09-23 18:48:47Z Mount Holyoke College SONYA STEPHENS 50 COLLEGE STREET SOUTH HADLEY MA 01075 326845313 false X WWW.MTHOLYOKE.EDU X 1836 MA SEE SCHEDULE O 28 26 3299 1205 -241321 0 24513999 21777456 140776970 137973865 43661120 37245371 8747083 6202623 217699172 203199315 56008759 55487658 0 0 91680154 94476490 0 0 7984695 61392655 56400943 209081568 206365091 8617604 -3165776 1083472761 1113144235 183685524 224408060 899787237 888736175 X SEE SCHEDULE O false false 136443827 54779858 119421418 *Instruction, Research, Academic Support and Library Services* Mount Holyoke College enrolls approximately 2,200 undergraduate students who benefit from small group instruction in a diverse college community with a student-to-faculty ratio of 9 to 1. Mount Holyokes 200 accomplished faculty members are innovative teachers dedicated to their students. They are also active scholars, research scientists, and creative artists passionate about their disciplines. The College offers 48 departmental and interdepartmental majors. Through the liberal arts education, students explore art, literature, languages, philosophy, politics, history, mathematics and science rather than choosing one specialized track of study. The liberal arts also transcend the classroom. Students gain a complex understanding of the world in which they live through internships, study abroad, community-based learning, volunteer work and independent research. In addition to its undergraduate program, the College, through its division of Professional and Graduate Education (PAGE), offers a range of graduate degree programs, institutes, and courses to support emerging leaders, scientists and educators who want to increase their scope of impact in their respective fields. An integral part of the college community, Library and Information Technology Services facilitates the creative use of information and technology. It supports the educational priorities of the College by providing instruction, materials, staff expertise and equipment to sustain learning, teaching, research and the Colleges administrative functions. 30381338 707800 12210590 *Student Services and Residential Life* The Division of Student Life cultivates a dynamic, engaged and inclusive community that enriches the student experience, promotes wellness and belonging, and supports the purposeful development of every student. Engagement, peer mentorship and self governance are the foundations of Mount Holyokes residential program. To this end, most residence halls house members of all four classes along with vibrant Living-Learning Communities, including a residence hall dedicated exclusively to the enhancement of the first year experience. The Colleges residence halls are unique in design and character and offer many configurations as well as common spaces to meet the developing needs of students. Along with being committed to academic success, Mount Holyoke cares about the overall well being of students. The College offers a range of health, counseling, public safety, and accessibility services to support the needs of its students. The Office of Student Involvement supports more than 100 student organizations and presents a wide array of cultural, entertainment and social events, in addition to providing students with opportunities for leadership, service, and engagement. The Office of Student Involvement works to create a vibrant and inclusive co-curricular campus life that sustains Mount Holyoke College students as scholars, and offers them skills for leading a balanced life. 10331193 13237569 *Dining Services* At Mount Holyoke College, dining continues to be an integral part of a students educational experience. The Colleges Dining Commons (DC), located within its Community Center, is a hub of student life where community members can converse, collaborate, and relax with one another. The DC, which was named a Level 1 Certified Green Restaurant, features five food stations that promote health, wellness and sustainability by focusing on international cuisine, vegan options and avoiding food with allergens. With seating in six distinctive dining rooms, the DC offers students the opportunity to interact with one another, as well as with members of the entire campus community. These intentionally designed spaces provide students with a strong foundation from which to imagine and envision future possibilities, both curricular and co-curricular. These new spaces not only connect students to each other, but also to the beauty of the Colleges campus and provide new opportunities for creative work, thus maintaining the intimacy and purpose of the Mount Holyoke community dining experience. Dining Services is responsible for all Community Center cash operations, vending, a bakery, and a warehouse. The qualified and experienced culinary production and service staff are dedicated to providing fresh, nutritious, well-prepared foods and offering diverse and extensive menu options for the entire Mount Holyoke College community. 177156358 true true false true false false false true false true true true false false true true false true true true true false true false true false false true true true true false false false false false false true false false true true true false false false true true true false true 2802 0 true 3299 true true true true FR false false false true true false false false false false false X 28 26 false false true false false true false true true false false true true true true true true true true false CA MA X X SUSAN O'NEILL - INTERIM CNTR 4135382641 50 College Street South Hadley MA 01075 Sonya Stephens President 60.0 1.0 X X 581858 0 86480 Shannon D Gurek VP for FIN & Admin & Treasurer 50.0 1.0 X 297824 0 48246 Kassandra Jolley VP for Adv&Acting VP for Comm 50.0 0.0 X 279304 0 49079 Jon Western VP for Acad Aff & Dean Faculty 50.0 0.0 X 241727 0 85586 Marcella Runell Hall VP for Stud Life & Dean of Std 50.0 0.0 X 192865 0 57490 Eva Paus PROFESSOR OF ECONOMICS 50.0 0.0 X 196160 0 43773 Robin Randall VP for Enrollment Management 50.0 0.0 X 195299 0 41166 Charles Greene II VP for Communications & Mktg 50.0 0.0 X 188145 0 43196 Keith Michel ASSOCIATE VP FOR DEVELOPMENT 50.0 0.0 X 188898 0 42237 Alexander Wirth-Cauchon CIO&Exec Dir Of Lib Info&Tech 50.0 0.0 X 187186 0 36766 Amy Martin Professor OF English 50.0 0.0 X 177478 0 40723 Valerie Barr Professor of Computer Science 50.0 0.0 X 176392 0 37832 Kijua Sanders-McMurtry VP for Equity&Inclusion&CDO 50.0 0.0 X 181652 0 32048 LENORE REILLY Secretary of the College 50.0 1.0 X 153417 0 24544 Elizabeth Barbeau TRUSTEE 2.0 0.1 X 0 0 0 Jennie Berkson TRUSTEE 2.0 0.1 X 0 0 0 Lori Bettison-Varga TRUSTEE 2.0 0.1 X 0 0 0 Elizabeth Cochary Gross TRUSTEE 2.0 0.1 X 0 0 0 Katherine E Collins VICE CHAIR 6.0 0.1 X 0 0 0 Erin Ennis TRUSTEE 2.0 2.1 X 0 0 0 Carrianna K Field TRUSTEE 4.0 0.1 X 0 0 0 Ellen J Flannery TRUSTEE 4.0 0.2 X 0 0 0 Heather Harde TRUSTEE 2.0 0.1 X 0 0 0 Mary Hughes TRUSTEE 2.0 0.1 X 0 0 0 David Mahoney TRUSTEE 2.0 0.1 X 0 0 0 Camille Malonzo TRUSTEE 2.0 0.1 X 0 0 0 KC Maurer TRUSTEE 4.0 0.1 X 0 0 0 Anne McKenny TRUSTEE 2.0 0.1 X 0 0 0 Natasha Mohanty TRUSTEE 4.0 0.1 X 0 0 0 Maria Mossaides TRUSTEE 2.0 10.1 X 0 0 0 Rhynette Northcross Hurd VICE CHAIR 4.0 0.1 X 0 0 0 Jennifer Rochlis TRUSTEE 4.0 0.1 X 0 0 0 Gareth Ross TRUSTEE (Ended 1/2020) 2.0 0.1 X 0 0 0 Raj Seshadri TRUSTEE 2.0 0.1 X 0 0 0 Karena Strella CHAIR 8.0 0.1 X 0 0 0 Mona Sutphen TRUSTEE 4.0 0.1 X 0 0 0 Michelle Toh TRUSTEE 2.0 0.1 X 0 0 0 Louise Wasso TRUSTEE 6.0 0.1 X 0 0 0 Elizabeth Weatherman TRUSTEE 4.0 0.1 X 0 0 0 Sarah Wells TRUSTEE 2.0 0.1 X 0 0 0 Elizabeth Wharff TRUSTEE 2.0 0.1 X 0 0 0 Ke Isabella Wu TRUSTEE 2.0 0.1 X 0 0 0 3238205 0 669166 137 false true false Cambridge Associates LLC 100 Summer Street Boston MA 02110 INVESTMENT CONSULT 1081250 Adage Capital Partners 200 Clarendon Street 52nd Floor Boston MA 02116 INVESTMENT MGMT 544478 Cedar Rock Capital Partners 11 Broadway Suite 965 New York NY 10019 INVESTMENT MGMT 489923 Silchester International Investors 780 Third Avenue Floor 42 New York NY 10017 INVESTMENT MGMT 394831 Lone Cascade LP C/OLone Pine MembsLLC2 Greenwich Greenwich CT 06830 INVESTMENT MGMT 369562 27 15545 451768 5226071 16084072 2713486 21777456 Tuition and Fees 611310 112620736 112620736 Room and Other Board 611310 25341377 25341377 Educational Performances 611310 11752 11752 137973865 4887506 -615428 5502934 75 75 714 714 614217 384917 229300 0 229300 229300 155438246 123017136 63320 32421110 -63320 32357790 33395 32324395 8480 15545 5604 2876 2876 0 0 0 281803 175021 106782 106782 Public Safety Collaborative 611310 1832935 1832935 Educational Conferences 721000 720528 419491 301037 LOSS ON REFINANCING ON DEBT 900009 -1266691 -1266691 4576179 4536504 39675 5862951 203199315 144869577 -241321 36793603 124048 124048 47376247 47376247 7987363 7987363 0 2857663 803365 1686019 368279 0 68229036 60067377 4925386 3236273 6807186 5993046 491479 322661 11541231 10160900 833277 547054 5041374 4438426 363987 238961 553767 223484 36414 293869 449330 49104 399918 308 260250 260250 0 0 6998092 6998092 5470755 3713399 1621441 135915 56283 29963 23901 2419 3741397 3044139 548164 149094 1339558 696990 640958 1610 19359 10315 9044 3696438 3436821 108176 151441 1618656 1365167 124561 128928 0 210063 178249 22671 9143 4640855 4472262 67001 101592 274978 157581 93061 24336 10516532 10149091 144220 223221 3711932 2981986 712259 17687 Allocated Expenses 0 215728 -215728 Public Safety Collab. Expenses 1791595 1791595 Alumnae Association Support 1939634 0 0 1939634 All other expenses 9111469 7689712 1329487 92270 206365091 177156358 21224038 7984695 0 0 25341826 58270662 17663413 16894058 2111445 2415425 0 0 0 0 238824 238824 857342 771655 1286375 2641337 455137374 258017967 198069463 197119407 86690031 44742969 730280499 771575952 14389426 12298116 0 0 6544117 6175830 1083472761 1113144235 8234415 10920072 0 0 1710090 3585061 122783597 58457710 0 0 0 0 0 36758111 0 66862152 50957422 47824954 183685524 224408060 X 178291013 172860207 721496224 715875968 899787237 888736175 1083472761 1113144235 X -3165776 -2950948 -4934338 X false true X true true true X 59377192 27899461 37088549 24513999 21777455 170656656 0 0 59377192 27899461 37088549 24513999 21777455 170656656 16938487 153718169 6981924 14862793 14514381 11236968 6117940 53714006 0 13917952 14842504 15547138 398911 281803 44988308 269358970 655524865 0.57068 0.55641 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 5000 5000 false PART II-B, LINE 1A The College pays membership dues to organizations that address state and federal regulatory issues for the collective benefit of member-institutions. The organizations notify the College of the approximate amount of membership dues used for lobbying expense. 284500 16468430 X X X X false 794203693 4962890 33997924 12411741 23641557 8074464 789036745 777739103 8507067 49907925 12262691 22959616 6728095 794203693 729438097 20696541 70124576 12146828 23051724 7321559 777739103 667564847 5998824 91894441 12081547 15361432 8577036 729438097 703010972 19587426 -11635853 11809408 22873279 8715011 667564847 0.16000 0.39000 0.45000 false false 28507136 28507136 198217532 75556315 122661217 101315857 64748176 36567681 66450597 62277808 4172789 60646252 55435668 5210584 197119407 FIXED INC MUT/COMINGLED FUNDS 9896866 F EQUITY MUTUAL/COMINGLED FUNDS 356153655 F HEDGE FUNDS 172534894 F PRIVATE EQUITY-REAL ASSETS 46223453 F VENTURE CAPITAL 156357048 F PRIVATE EQUITY-OTHER 27255253 F OTHER 3154783 F 771575952 0 INTEREST RATE SWAP LIABILITY 6018866 FAS 158 PENSION LIABILITY 7631933 FIN 47 CONDITIONAL ASSET RETIREMENT 12419730 457(B) PENSION LIABILITY 371539 REFUNDABLE GOVERNMENT ADVANCES 3077881 SPLIT INTEREST OBLIGATION 18305005 47824954 X 194295826 -2950948 -6478719 -9429667 203725493 -526178 -526178 203199315 205347973 7057346 7057346 198290627 8074464 8074464 206365091 PART III, LINE 4 ART MUSEUM The College maintains more than 24,000 works of art from antiquity to the present that comprise the permanent collection of the Mount Holyoke College Art Museum. Particular strengths within this collection include ancient Mediterranean art and artifacts, paintings, sculpture, and decorative art from Europe and the United States, and modern and global contemporary art. Categories of significant depth include photography, glass, ceramics, prints and drawings, and numismatics. This culturally and chronologically diverse collection is an important teaching and learning resource for faculty and students in all disciplines, and serves as a major cultural resource for area schools and the general public. Dedicated to providing firsthand experiences with works of significant aesthetic and cultural value, the Museum develops exhibitions that aim to provide aesthetic enjoyment, stimulate inquisitive looking and encourage understanding of artistic achievements across a diversity of cultures and time periods. Selected works of art are installed in the Art Museum's ten galleries and reception hall on a rotating basis and the Museum produces several special exhibitions each year in addition to its display of works from the permanent collection. The Museum integrates its collections, exhibitions and scholarly research with the curriculum of the College and the interests of the general public. PART V, LINE 2 MOUNT HOLYOKE COLLEGE HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2020 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, MOUNT HOLYOKE COLLEGE HAS REPORTED ITS YEAR END ENDOWMENT BALANCE WITHOUT DONOR RESTRICTIONS AS QUASI-ENDOWMENT AND ITS YEAR END BALANCE WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT AND TERM RESTRICTED ENDOWMENT. PART V, LINE 4 Mount Holyoke's endowment consists of more than 1,785 individual funds established for a variety of purposes, including both donor restricted endowment funds and funds designated by the College to function as endowments. About 25% of the endowment income used to support the College's operations is unrestricted. Most of the endowed funds contain specific restrictions for the support of critical functions such as financial aid for students with demonstrated need, faculty salaries, library purchases, student and faculty research, internships and departmental programming. Endowment income provides approximately 27% of the College's annual operating budget revenues. PART X, LINE 2 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 taxes pursuant to Section 501(a) of the Code. The College assesses uncertain tax positions and determined that there were no such positions that have a material effect on the financial statements. PART XI, LINE 2D OTHER ADJUSTMENTS WILLITS HALLOWELL CENTER REVENUE 1,140,669 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 455,076 ENDOWMENT EXPENSES -8,074,464 -------------- TOTAL -6,478,719 PART XI, LINE 4B OTHER ADJUSTMENTS COST OF GOODS SOLD -175,021 FUNDRAISING EXPENSES -5,604 FACULTY HOUSING EXPENSES -345,553 ------------- TOTAL -526,178 PART XII, LINE 2D OTHER ADJUSTMENTS WILLITS HALLOWELL CENTER EXPENSES 1,633,249 COST OF GOODS SOLD 175,021 FUNDRAISING EXPENSES 5,604 FACULTY HOUSING EXPENSES 345,553 CHANGE IN FAS PENSION OBLIGATION 2,745,722 PENSION SETTLEMENT COST 606,944 CHANGE IN VALUE OF INTEREST RATE SWAPS 1,545,253 --------------- TOTAL 7,057,346 true true true true true true true false false false false false false false false true false true PART I, LINE 3 THE COLLEGE FOLLOWS A NONDISCRIMINATORY POLICY TOWARD STUDENTS, FACULTY AND STAFF, AND WITH REGARD TO STUDENTS, INCLUDES THIS POLICY IN MOST BROCHURES AND CATALOGS PERTAINING TO STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. THE COLLEGE'S NON-DISCRIMINATION STATEMENT IS ALSO AVAILABLE ON ITS WEBSITE LANDING PAGE. MOUNT HOLYOKE COLLEGE HAS APPROXIMATELY 2,200 STUDENTS WHO HAIL FROM 47 STATES AND 58 COUNTRIES. THE COLLEGE DEMONSTRATES ITS COMMITMENT TO DIVERSITY BY ENROLLING STUDENTS OF MINORITY GROUPS IN MEANINGFUL NUMBERS. THE RACIALLY DIVERSE STUDENT BODY CONSISTS OF APPROXIMATELY 26% WHO ARE INTERNATIONAL CITIZENS. OUT OF DOMESTIC STUDENTS, 25% IDENTIFY AS AFRICAN AMERICAN, NATIVE AMERICAN, ASIAN, LATINA, OR MULTIRACIAL. PART I, LINE 6A The College receives federal grants for faculty research and student scholarships. true Central America and the Caribbean Program Services Grant Aid 138464 Central America and the Caribbean Program Services Study Abroad 38190 Central America and the Caribbean Investments 274046119 East Asia and the Pacific Program Services Grant Aid 3292799 East Asia and the Pacific Program Services Study Abroad 34950 East Asia and the Pacific Program Services Research 7524 East Asia and the Pacific Program Services Recruitment 25540 Europe (Including Iceland and Greenland) Program Services Grant Aid 251257 Europe (Including Iceland and Greenland) 1 1 Program Services Study Abroad 220200 Europe (Including Iceland and Greenland) Program Services Research 64191 Europe (Including Iceland and Greenland) Program Services Recruitment 10228 Europe (Including Iceland and Greenland) Fundraising Alumnae Meetings 37413 Europe (Including Iceland and Greenland) Investments 12940347 Middle East and North Africa Program Services Grant Aid 216748 Middle East and North Africa Program Services Recruitment 6486 North America Program Services Grant Aid 86506 North America Program Services Research 30133 North America Program Services Recruitment 2665 Russia and the Newly Independent States Program Services Grant Aid 252360 Russia and the Newly Independent States Program Services Research 2750 South America Program Services Grant Aid 42380 South America Program Services Research 2308 South Asia Program Services Research 4633 South Asia Program Services Grant Aid 2633104 South Asia Program Services Recruitment 19916 South Asia Fundraising Alumnae Meetings 6648 Sub-Saharan Africa Program Services Grant Aid 1073745 Sub-Saharan Africa Program Services Research 11079 Middle East and North Africa Fundraising Alumnae Meetings 2132 Sub-Saharan Africa Program Services Study Abroad 7339 1 1 1 1 291447095 4061059 295508154 Financial Assistance Central America and the Caribbean 4 138464 Acct Credit Financial Assistance Europe (Including Iceland and Greenland) 7 251257 Acct Credit Financial Assistance East Asia and the Pacific 151 3292799 Acct Credit Financial Assistance Middle East and North Africa 6 216748 Acct Credit Financial Assistance North America 4 86506 Acct Credit Financial Assistance Russia and the Newly Independent States 6 252360 Acct Credit Financial Assistance South America 1 42380 Acct Credit Financial Assistance South Asia 86 2633104 Acct Credit Financial Assistance Sub-Saharan Africa 33 1073745 Acct Credit true false true true true true PART I, LINE 2 ALL FINANCIAL AID GRANTS AND SCHOLARSHIPS TO MOUNT HOLYOKE COLLEGE DEGREE-SEEKING STUDENTS WHO ARE CITIZENS OF FOREIGN COUNTRIES ARE RECORDED IN THE FINANCIAL AID MANAGEMENT SOFTWARE, POWERFAIDS, BY AMOUNT PER SEMESTER. STUDENT FINANCIAL SERVICES STAFF DETERMINE STUDENT ELIGIBILITY BASED ON A CONSISTENTLY APPLIED NEED ANALYSIS FORMULA WHICH CALCULATES THE EXPECTED FAMILY CONTRIBUTION (EFC). THE EFC IS SUBTRACTED FROM THE TOTAL COST OF ATTENDANCE TO EQUAL THE FINANCIAL AID ELIGIBILITY. THE FINANCIAL AID GRANT AMOUNT IS DETERMINED BASED ON CONSISTENTLY APPLIED PACKAGING FORMULAS TO MEET THE FULL CALCULATED NEED OF EACH STUDENT. IN ADDITION TO THE NEED BASED AID, THERE ARE SOME GRANTS THAT ARE AWARDED BASED ON MERIT OR OTHER FACTORS. FINANCIAL AID GRANT FUNDS ARE MONITORED THROUGH THE FINANCIAL AID MANAGEMENT SOFTWARE, POWERFAIDS. STAFF WHO WILL BE AWARDING FINANCIAL AID GRANT FUNDS ARE TRAINED TO ADHERE TO THESE POLICIES AND PROCEDURES. THE FINANCIAL AID GRANT INFORMATION IS TRANSFERRED FROM POWERFAIDS TO THE STUDENT INFORMATION SYSTEM, ELLUCIAN COLLEAGUE, VIA A REGULARLY SCHEDULED INTERFACE. WHEN ALL INSTITUTIONAL GRANT DISBURSEMENT REQUIREMENTS ARE MET, THE FUNDS ARE DISBURSED TO THE STUDENT ACCOUNT IN COLLEAGUE. THE FUNDS ARE CREDITED AGAINST ANY BILLED CHARGES THAT HAVE BEEN PREVIOUSLY POSTED. FOR THE LIMITED NUMBER OF STUDENTS WHERE THIS RESULTS IN A CREDIT BALANCE, THE CREDIT MAY BE REFUNDED TO THE STUDENT IN THE FORM OF A CHECK OR DIRECT DEPOSIT TO THE STUDENT'S U.S. BANK ACCOUNT. THE STUDENT INITIATES THIS REFUND PROCESS BY SUBMITTING A COMPLETED DISBURSEMENT FORM OR CREDIT BALANCE/REFUND REQUEST FORM. STUDENT ELIGIBILITY IS MONITORED THROUGHOUT THE PERIOD OF ENROLLMENT AND ADJUSTMENTS ARE MADE, AS NECESSARY, FOR CHANGES IN ENROLLMENT STATUS ACCORDING TO THE COLLEGE'S PUBLISHED REFUND POLICIES. FrndofAthletics 24025 15545 8480 500 3073 2031 0 24025 15545 8480 500 3073 2031 5604 2876 true Columbia University PO Box 29789 New York NY 100879789 135598093 501(c)(3) 24036 Sub-award for grant research Sub-award for grant research Town of South Hadley 116 Main Street South Hadley MA 01075 046001303 115 60000 Support for fire dept capital equip fund Support for fire dept capital equip fund Five Colleges Incorporated 97 Spring Street Amherst MA 010022324 046134696 501(c)(3) 25346 Suppt for Five Coll Ctr for Study-WldLan Suppt for Five Coll Ctr for Study-WldLan WFCR Hampshire House Amherst MA 01003 046130523 501(c)(3) 11543 Gen support for local public radio statn Gen support for local public radio statn 4 Fin aid&fellowships for US citizens for tuit,rm,bd 1356 46668447 HIGHER EDUCATION EMERGENCY RELIEF FUND GRANTS 816 707800 PART I, LINE 2 ALL FINANCIAL AID GRANTS AND SCHOLARSHIPS TO STUDENTS WHO ARE UNITED STATES CITIZENS ARE RECORDED IN THE FINANCIAL AID MANAGEMENT SOFTWARE, POWERFAIDS, BY AMOUNT PER SEMESTER. STUDENT FINANCIAL SERVICES STAFF DETERMINE STUDENT ELIGIBILITY BASED ON A CONSISTENTLY APPLIED NEED ANALYSIS FORMULA WHICH CALCULATES THE EXPECTED FAMILY CONTRIBUTION (EFC). THE EFC IS SUBTRACTED FROM THE TOTAL COST OF ATTENDANCE TO EQUAL THE FINANCIAL AID ELIGIBILITY. THE FINANCIAL AID GRANT AMOUNT IS DETERMINED BASED ON CONSISTENTLY APPLIED PACKAGING FORMULAS TO MEET THE FULL CALCULATED NEED OF EACH STUDENT. IN ADDITION TO THE NEED BASED AID, THERE ARE SOME GRANTS THAT ARE AWARDED BASED ON MERIT OR OTHER FACTORS. FINANCIAL AID GRANT FUNDS ARE MONITORED THROUGH THE FINANCIAL AID MANAGEMENT SOFTWARE, POWERFAIDS. STAFF WHO WILL BE AWARDING FINANCIAL AID GRANT FUNDS ARE TRAINED TO ADHERE TO THESE POLICIES AND PROCEDURES. THE FINANCIAL AID GRANT INFORMATION IS TRANSFERRED FROM POWERFAIDS TO THE STUDENT INFORMATION SYSTEM, ELLUCIAN COLLEAGUE, VIA A REGULARLY SCHEDULED INTERFACE. WHEN ALL INSTITUTIONAL GRANT DISBURSEMENT REQUIREMENTS ARE MET, THE FUNDS ARE DISBURSED TO THE STUDENT ACCOUNT IN COLLEAGUE. THE FUNDS ARE CREDITED AGAINST ANY BILLED CHARGES THAT HAVE BEEN PREVIOUSLY POSTED. IF THIS TRANSACTION RESULTS IN A CREDIT BALANCE, THE CREDIT MAY BE REFUNDED TO THE STUDENT IN THE FORM OF A CHECK OR DIRECT DEPOSIT TO THE STUDENT'S BANK ACCOUNT. THE STUDENT INITIATES THIS REFUND PROCESS BY SUBMITTING A COMPLETED DISBURSEMENT FORM OR CREDIT BALANCE/REFUND REQUEST FORM. STUDENT ELIGIBILITY IS MONITORED THROUGHOUT THE PERIOD OF ENROLLMENT AND ADJUSTMENTS ARE MADE, AS NECESSARY, FOR CHANGES IN ENROLLMENT STATUS ACCORDING TO THE COLLEGE'S PUBLISHED REFUND POLICIES. DURING THE FISCAL YEAR, THE COLLEGE CONDUCTED GRANT-FUNDED RESEARCH. THREE OF THE RESEARCH GRANTS INCLUDED COLLABORATION WITH INSTITUTIONS WHOSE FACULTY ARE ACCOMPLISHED IN THEIR RESPECTIVE FIELDS OF STUDY. INFREQUENTLY AT THE DISCRETION OF THE PRESIDENT OR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, THE COLLEGE MAKES DONATIONS TO SUPPORT THE TOWN OR NONPROFIT ORGANIZATIONS. IN THESE INSTANCES, THE COLLEGE GENERALLY DOES NOT MONITOR THE ULTIMATE USE OF THE FUNDS AS THESE AMOUNTS ARE UNRESTRICTED GRANTS TO MUNICIPALITIES AND ORGANIZATIONS THAT ARE RECOGNIZED AS BEING DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3). IN CERTAIN INSTANCES WHEN THE COLLEGE GRANTS FUNDS FOR SPECIFIED USE BY THE TOWN, THE COLLEGE MAINTAINS A WRITTEN AGREEMENT THAT SUCH GRANT WILL BE USED FOR THE DESIGNATED PURPOSE. PART III, LINE 2 FEDERAL CARES ACT HIGHER EDUCATION EMERGENCY RELIEF FUND EMERGENCY STUDENT AID As a result of the pandemic, the College was awarded $794,402 from the Higher Education Emergency Relief Fund (HEERF) during the fiscal year ended June 30, 2020. The funding was to provide emergency relief to students for expenses related to the disruption of campus operations due to COVID-19. The College disbursed $707,800 of the total received for students to assist students in their transition to remote learning, with the remaining $86,602 to be utilized in fiscal year 2021. The College was awarded an additional $794,401 from the HEERF to support institutional expenditures relating to the pandemic. The College utilized $707,800 in fiscal year 2020 and will utilize the balance for pandemic related costs in fiscal year 2021. X X true true X X X X X false false false false false false false false false Sonya Stephens President 491145 0 0 90713 0 29400 0 57080 0 668338 0 0 Shannon D Gurek VP for FIN & Admin & Treasurer 297824 0 0 0 29400 0 18846 0 346070 0 0 Kassandra Jolley VP for Adv&Acting VP for Comm 270304 0 0 9000 0 29400 0 19679 0 328383 0 0 Jon Western VP for Acad Aff & Dean Faculty 241727 0 0 0 26171 0 59415 0 327313 0 0 Eva Paus PROFESSOR OF ECONOMICS 196160 0 0 0 20828 0 22945 0 239933 0 0 Robin Randall VP for Enrollment Management 195299 0 0 0 0 0 21088 0 20078 0 236465 0 0 Marcella Runell Hall VP for Stud Life & Dean of Std 192865 0 0 0 0 0 20892 0 36598 0 250355 0 0 Keith Michel ASSOCIATE VP FOR DEVELOPMENT 188898 0 0 0 0 0 20498 0 21739 0 231135 0 0 Charles Greene II VP for Communications & Mktg 188145 0 0 0 0 0 18974 0 24222 0 231341 0 0 Alexander Wirth-Cauchon CIO&Exec Dir Of Lib Info&Tech 187186 0 0 0 0 0 20187 0 16579 0 223952 0 0 Amy Martin Professor OF English 177478 0 0 0 0 0 19276 0 21447 0 218201 0 0 Valerie Barr Professor of Computer Science 176392 0 0 0 0 0 19547 0 18285 0 214224 0 0 Kijua Sanders-McMurtry VP for Equity&Inclusion&CDO 171777 0 0 0 9875 0 18559 0 13489 0 213700 0 0 LENORE REILLY Secretary of the College 153417 0 0 0 0 0 16319 0 8225 0 177961 0 0 PART I, LINE 1A THE BOARD OF TRUSTEES RECOGNIZES THE UNIQUE ROLE THE PRESIDENT AND OTHER SENIOR ADMINISTRATORS PLAY IN SUPPORTING ALUMNAE AND ADVANCEMENT ACTIVITIES, CAMPUS EVENTS, AND OTHER OFFICIAL FUNCTIONS. ACCORDINGLY, AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGE, COLLEGE OWNED OR LEASED HOUSING IS PROVIDED TO THE PRESIDENT AND THE VICE PRESIDENT FOR STUDENT LIFE AND DEAN OF STUDENTS TO FULFILL THESE DUTIES. SUCH HOUSING PROVIDED TO THE PRESIDENT IS APPROVED BY THE BOARD OF TRUSTEES AND HOUSING PROVIDED TO OTHER SENIOR ADMINISTRATORS IS APPROVED BY THE PRESIDENT. FOR THE PRESIDENT'S HOUSE, THE COLLEGE PROVIDES CUSTODIAL PERSONNEL AND APPROPRIATE EQUIPMENT AND SUPPLIES NECESSARY TO KEEP THE RESIDENCE'S APPEARANCE AND CLEANLINESS AT ACCEPTABLE STANDARDS. THE COST FOR TIME SPENT CLEANING THE PERSONAL QUARTERS OF THE PRESIDENT'S HOUSE IS INCLUDED IN THE FORM W-2 OF THE PRESIDENT. PART I, LINE 3 For a description of the process used to determine the President's compensation, please refer to Schedule O, Part VI, Section B, line 15. A MA Development Finance Agcy-MHC Issue Series 2016A 043431814 000000000 2016-03-24 26000000 CONSTRUCTION false false false B MA Development Finance Agcy-MHC Issue Series 2016B 043431814 000000000 2016-11-30 33755000 To refund 2008 bond issue false false false A 0 0 26210204 0 0 0 238907 0 0 25971297 0 0 2018 true false true true B 915000 0 33755000 0 0 0 226338 0 0 0 33528662 0 false true true true A false false false false 0 0.00930 0.00930 false false false true B false false false false 0 false false false true A false false false true true false 0 false 0 false true B false false false true false false 0 false 0 false true A true B true PART II, LINE 3 03/24/2016 $26,000,000 Bond: The Series 2016A bond was issued in the stated principal amount of $26,000,000. The total of this issue (plus the investment earnings of $210,204) agrees to the amount reported on Line 3 of Part II, Column A. PART IV, LINE 2C MA Development Finance Agency-MHC Issue Series 2016A - Date the rebate computation was performed: 02/29/2020 MA Development Finance Agency-MHC Issue Series 2016B - Date the rebate computation was performed: 11/30/2020 Rebate calculations: For the applicable bonds listed above in the Part IV, Arbitrage, Line 2c statement, the College contracted with a third party to prepare the rebate calculations on the dates as reported above for each respective bond issue. 18500 Tuition Exchange Tuition benefit for child 52040 Scholarship Grant aid for child Adage Capital Management Trustee's husband 1091625 Investment false PART IV, LINE 1 The College has invested in Adage Capital Partners LP since October, 2001. This investment was vetted by Cambridge Associates LLC, an independent advisory firm that performs due diligence and makes recommendations for investments. The husband of Trustee Elizabeth Cochary Gross is a partner at Adage Capital Management. X 3 284500 Opinions of experts X 192 2428986 Market value 4 false true true PART I, LINE 32B USE OF THIRD PARTIES For gifts of tangible real or personal property that do not meet the College's mission objectives, the College engages the services of an auction house or real estate agent to sell the property and transfer the proceeds to the College. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 THE MISSION OF MOUNT HOLYOKE COLLEGE IS TO PROVIDE AN INTELLECTUALLY ADVENTUROUS EDUCATION IN THE LIBERAL ARTS AND SCIENCES THROUGH ACADEMIC PROGRAMS RECOGNIZED INTERNATIONALLY FOR THEIR EXCELLENCE AND RANGE; TO DRAW STUDENTS FROM ALL BACKGROUNDS INTO AN EXCEPTIONALLY DIVERSE AND INCLUSIVE LEARNING COMMUNITY WITH HIGHLY ACCOMPLISHED, COMMITTED, AND RESPONSIVE FACULTY AND STAFF; TO CONTINUE BUILDING ON THE COLLEGE'S HISTORIC LEGACY OF LEADERSHIP IN THE EDUCATION OF WOMEN; AND TO PREPARE STUDENTS, THROUGH A LIBERAL EDUCATION INTEGRATING CURRICULUM AND CAREERS, FOR LIVES OF THOUGHTFUL, EFFECTIVE, AND PURPOSEFUL ENGAGEMENT IN THE WORLD. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 MOUNT HOLYOKE COLLEGE IS A HIGHLY SELECTIVE, NONDENOMINATIONAL, RESIDENTIAL, LIBERAL ARTS RESEARCH COLLEGE. THE COLLEGE'S LONG, DISTINGUISHED HISTORY OF EDUCATING LEADERS ARISES FROM A POWERFUL COMBINATION OF ACADEMIC EXCELLENCE IN A GLOBAL LEARNING ENVIRONMENT. AS THE FIRST OF THE SEVEN SISTERS - THE FEMALE EQUIVALENT OF THE ONCE PREDOMINANTLY MALE IVY LEAGUE - MOUNT HOLYOKE HAS LED THE WAY IN WOMEN'S EDUCATION, PREPARING STUDENTS FOR PURPOSEFUL ENGAGEMENT IN THE WORLD. PART VI, LINE 4 In September 2019, the bylaws were amended to reflect the following significant change: The Advancement Committee was renamed the College Relations Committee and consequently, the duties of this committee broadened significantly. This new committee oversees the College's fund raising activities, alumnae engagement, internal and external communications, and public relations strategy. As a result, the College Enrollment Committee no longer oversees the marketing, communications, and public relations activities of the College. PART VI, SECTION A, LINE 7A MEMBERS OF THE ORGANIZATION ACCORDING TO THE COLLEGE'S BY-LAWS, FIVE TRUSTEES, KNOWN AS ALUMNAE TRUSTEES, SHALL BE ELECTED BY THE ALUMNAE IN ACCORDANCE WITH THE BY-LAWS OF THE ALUMNAE ASSOCIATION. ONE ALUMNA TRUSTEE SHALL BE ELECTED EACH YEAR TO SERVE FOR A PERIOD OF FIVE YEARS. IN ADDITION, THE PRESIDENT OF THE ALUMNAE ASSOCIATION SHALL SERVE AS A SIXTH ALUMNA TRUSTEE DURING HER TERM OF OFFICE. THE ELECTION OF TRUSTEES, OTHER THAN ALUMNAE TRUSTEES, MAY BE HELD AT ANY REGULAR OR SPECIAL MEETING PROVIDED THAT WRITTEN NOTICE OF SUCH ELECTION, INCLUDING THE NAMES OF NOMINEES, HAS BEEN MADE AT LEAST THREE DAYS PRIOR TO THE MEETING. NOMINATIONS SHALL BE MADE BY THE NOMINATING AND GOVERNANCE COMMITTEE. PART VI, SECTION B, LINE 11B FORM 990 REVIEW ANNUAL REVIEW OF THE COLLEGE'S FORM 990 IS DELEGATED TO THE AUDIT COMMITTEE. THE NOMINATING AND GOVERNANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE SECTIONS OF THE FORM 990 THAT PERTAIN TO COMPENSATION AND REPORTING BACK TO THE AUDIT COMMITTEE. THIS PROCESS PERMITS THE GROUP OF TRUSTEES (THE AUDIT COMMITTEE) WHO ARE MOST KNOWLEDGEABLE TO REVIEW THE DOCUMENT ON BEHALF OF THE ENTIRE BOARD. THE AUDIT COMMITTEE REPORTS ANY FINDINGS TO THE BOARD OF TRUSTEES AND THE COMPLETE COPY OF THE FORM 990 IS PROVIDED TO EACH TRUSTEE PRIOR TO FILING. PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY THE COLLEGE REQUIRES EACH MEMBER OF THE BOARD OF TRUSTEES TO ELECTRONICALLY TRANSMIT A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY VIA THE COLLEGE'S SECURED WEBSITE. IN ADDITION, NON-TRUSTEE COMMITTEE MEMBERS, OFFICERS, AND EMPLOYEES WITH KEY RESPONSIBILITIES ARE ASKED TO ELECTRONICALLY SUBMIT CONFLICT OF INTEREST DISCLOSURE FORMS ANNUALLY. THE OFFICE OF THE PRESIDENT ENSURES THAT THE COMPLETED FORMS ARE RETURNED BY ALL TRUSTEES, AND THE OFFICE OF FINANCE AND ADMINISTRATION ENSURES THAT THE COMPLETED FORMS ARE RETURNED BY ALL NON-TRUSTEE COMMITTEE MEMBERS, OFFICERS, AND EMPLOYEES WITH KEY RESPONSIBILITIES. THE OFFICE OF FINANCE AND ADMINISTRATION COLLECTS AND RECORDS THE SUBMITTED DATA FROM THE SECURED WEBSITE. THE INFORMATION ON THE SUBMITTED FORMS IS SUMMARIZED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER WHO PROVIDES A COPY OF THE SUMMARY TO THE AUDIT COMMITTEE ANNUALLY. THE AUDIT COMMITTEE REVIEWS THE INFORMATION DISCLOSED AND ADVISES THE PRESIDENT AND THE CHAIR OF THE BOARD AS TO POTENTIAL CONFLICTS. THE AUDIT COMMITTEE MAY, AT ITS DISCRETION, DELEGATE THIS ANNUAL REVIEW TO THE CHAIR OF THE COMMITTEE. BY SIGNING THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM, EACH INDIVIDUAL AGREES TO ANSWER ANY QUESTIONS THAT BOARD MEMBERS MAY HAVE ABOUT POTENTIAL CONFLICTS. PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL ANNUALLY, THE HUMAN RESOURCES DEPARTMENT ASSEMBLES COMPARATIVE SALARY DATA FOR ALL SENIOR/EXECUTIVE POSITIONS AT THE COLLEGE INCLUDING: PRESIDENT AND ALL VICE PRESIDENTS AND THE SECRETARY OF THE COLLEGE. THIS PROCESS WAS LAST UNDERTAKEN IN MAY 2020 FOR EACH OF THE POSITIONS MENTIONED ABOVE. SALARY DATA FOR THESE EXECUTIVE POSITIONS IS COMPILED FROM THE ADMINISTRATORS IN HIGHER EDUCATION SALARIES SURVEY CONDUCTED ANNUALLY BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA -HR) AND ASSEMBLED AND ANALYZED USING SEVERAL VIEWS (25TH AND 75TH PERCENTILES, MEDIAN, AND MEAN) FOR SALARY DATA FROM ALL PRIVATE INDEPENDENT INSTITUTIONS HAVING A SIMILAR ENDOWMENT VALUE AND FALLING WITHIN A COMPARABLE BUDGET QUARTILE AS THAT OF MOUNT HOLYOKE COLLEGE. IN ADDITION, MOUNT HOLYOKE COLLEGE PARTICIPATES IN A SURVEY ON EXECUTIVE TOTAL COMPENSATION, WHICH IS CONDUCTED ANNUALLY BY A THIRD PARTY COMPENSATION CONSULTANT (CURRENTLY CONDUCTED BY SULLIVAN, COTTER & ASSOCIATES). TWENTY-SEVEN OF THE COLLEGE'S PEER INSTITUTIONS ALSO PARTICIPATE IN THIS SURVEY. SALARY DATA FROM THIS SURVEY IS ANALYZED IN A SIMILAR FASHION TO THE CUPA-HR DATA. THIS SALARY DATA, ALONG WITH SALARIES OF CURRENT MOUNT HOLYOKE COLLEGE INCUMBENTS, IS ASSEMBLED AND SHARED WITH THE CHAIR OF THE BOARD OF TRUSTEES AND WITH THE CHAIR OF THE NOMINATING AND GOVERNANCE COMMITTEE. THE DATA IS THEN PRESENTED TO THE FULL NOMINATING AND GOVERNANCE COMMITTEE FOR DISCUSSION AND DECISION ON WHAT SALARY ADJUSTMENTS, IF ANY, WILL BE MADE. THE CHAIR OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE OVERSIGHT OF THE REVIEW OF PERFORMANCE OF THE PRESIDENT. THE PRESIDENT IS RESPONSIBLE FOR OVERSIGHT OF PERFORMANCE MANAGEMENT FOR THE VICE PRESIDENTS. WITH REGARD TO THE PRESIDENT'S COMPENSATION, IN ADDITION TO COMPARATIVE PEER SALARY DATA, THE HUMAN RESOURCES DEPARTMENT ALSO ASSEMBLES A SUMMARY REPORT OF PRESIDENTIAL "TOTAL" SALARY. THIS REPORT IS ALSO REVIEWED BY AND DISCUSSED WITH THE NOMINATING AND GOVERNANCE COMMITTEE AND IS DISCUSSED WITH THE ENTIRE BOARD IN THEIR EXECUTIVE SESSION. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE COLLEGE'S OFFICERS MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD. THE COMPENSATION ARRANGEMENTS ARE APPROVED IN ADVANCE BY THE ORGANIZATION'S NOMINATING AND GOVERNANCE COMMITTEE. THE COMMITTEE IS APPOINTED BY THE BOARD OF TRUSTEES FOR THE PURPOSE OF ASSISTING THE BOARD IN FULFILLING ITS RESPONSIBILITY TO THE COLLEGE AND THE COMMUNITY TO ENSURE THE COMPENSATION IS IN ACCORDANCE WITH THE COLLEGE'S POLICIES. AS MENTIONED, PRIOR TO MAKING ANY COMPENSATION DECISIONS, THE NOMINATING AND GOVERNANCE COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA AS TO COMPARABILITY. THE COMMITTEE UTILIZES COMPENSATION SURVEYS THAT INCLUDE COMPARABLE INSTITUTIONS TO SET COMPENSATION LEVELS. FINALLY, THE NOMINATING AND GOVERNANCE COMMITTEE ADEQUATELY AND TIMELY DOCUMENTS THE BASIS FOR SETTING COMPENSATION CONCURRENTLY WITH THE MAKING OF THE DETERMINATION. PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS THE COLLEGE MAKES ITS BY-LAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA THE MOUNT HOLYOKE COLLEGE WEBSITE. IN ADDITION, THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL. PART XI, LINE 9 WILLITS HALLOWELL CENTER SUPPORT (491,495) CHANGE IN VALUE OF INTEREST RATE SWAPS (1,545,253) CHANGE IN FAS 158 PENSION LIABILITY (2,745,722) PENSION SETTLEMENT COST (606,944) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 455,076 -------------- TOTAL (4,934,338) Willits Hallowell Center Inc c/o MHC 50 College St South Hadley MA 01075 042565823 MHC Meetings MA 501(c)(3) 12B,TYPE II MHC true Alumnae Assoc of Mount Holyoke College c/o MHC 50 College St South Hadley MA 01075 042105894 Alumnae Netwk MA 501(c)(3) 12A, TYPE I NA false Associated Kyoto Program Inc c/o Oberlin College 70 N Professo Oberlin OH 44074 042996114 Educ. Exchge MA 501(c)(3) 12C,TYPEIII NA false Center Redevelopment Corporation 17 College Street South Hadley MA 01075 042939950 Real Estate MA 501(c)(3) 12A, TYPE I MHC true The Center Business Corporation 17 College Street South Hadley MA 01075 042983326 Small businessinv MA MHC C Corp -565 7982 1.00000 true Charitable Remainder Unitrusts (19) c/o Mount Holyoke College 50 Colle South Hadley MA 01075 Charitable Trust MA MHC Trust true Charitable Remainder Unitrust Make Up(1) c/o Mount Holyoke College 50 Colle South Hadley MA 01075 Charitable Trust MA MHC Trust true Perpetual Trust (1) c/o Mount Holyoke College 50 Colle South Hadley MA 01075 Charitable Trust MA MHC Trust true Pooled Income Funds (2) c/o Mount Holyoke College 50 Colle South Hadley MA 01075 Charitable Trust MA MHC Trust true false true true false false false false false false false false true true true false true true true true Willits Hallowell Center l 132344 Overhead Alloc. Willits Hallowell Center m 298326 Internal Sales Willits Hallowell Center n 350000 Est'd FMV- Bldg Willits Hallowell Center r 491495 Willits Subsidy Pooled Income Funds (2) s 259021 Mandatory Trans Charitable Remainder Unitrusts (19) s 263902 Mandatory Trans