2020-06-09T09:02:07-05:00 2019-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2018-07-01 061627882 GOODWIN COLLEGE INC GOOD 8607276906 ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 MARK SCHEINBERG PRESIDENT 8607276906 2020-06-05 1 LORI ROTHE YOKOBOSKY CPA P01273422 9592007000 2020-06-04 209.59.243.22 2020-06-05 14:57:26 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0FC5460241256066D74A2C5C66FD8B85E1F8608D 2018 2020-11-19 02:30:22Z MARK SCHEINBERG ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 75544229 0 X WWW.GOODWIN.EDU X 2001 CT SEE SCHEDULE O 22 21 792 0 -1367378 -1183835 13883898 8653392 62716170 63557399 -57301 220370 118585 252265 76661352 72683426 11826895 14361844 0 0 26207206 28123335 0 0 414858 21754303 25271257 59788404 67756436 16872948 4926990 249376415 247327812 40130206 35262132 209246209 212065680 X THE MISSION OF GOODWIN COLLEGE IS TO EDUCATE A DIVERSE STUDENT POPULATION IN A DYNAMIC ENVIRONMENT THAT ALIGNS EDUCATION, COMMERCE AND COMMUNITY. OUR INNOVATIVE PROGRAMS OF STUDY PREPARE STUDENTS FOR PROFESSIONAL CAREERS WHILE PROMOTING LIFELONG LEARNING AND CIVIC RESPONSIBILITY. AS A NUTURING COLLEGE COMMUNITY WE CHALLENGE STUDENTS, FACULTY, STAFF AND ADMINISTRATION TO FULLY REALIZE THEIR HIGHEST ACADEMIC, PROFESSIONAL AND PERSONAL POTENTIAL. 0 0 59115252 14361844 64585907 GOODWIN COLLEGE IS AUTHORIZED TO CONFER MASTERS DEGREES, BACCALAUREATE DEGREES, ASSOCIATE DEGREES AND ONE AND TWO-YEAR CERTIFICATE PROGRAMS. TO THIS END, GOODWIN COLLEGE CREATES AN EDUCATIONAL ENVIRONMENT THAT BLENDS PROFESSIONAL PREPARATION WITH DEVELOPMENT OF CRITICAL THINKING SKILLS AND AN APPRECIATION OF THE HUMANITIES, ARTS AND SCIENCES; EDUCATES STUDENTS IN AN ENVIRONMENT THAT CELEBRATES DIVERSE CULTURES, AGES, EXPERIENCES AND OPINIONS; ENRICHES OUR LOCAL AND GLOBAL COMMUNITIES BY FORMING COLLABORATIVE RELATIONSHIPS THAT CREATE EDUCATIONAL, ECONOMIC AND CULTURAL BENEFITS; AND ASSISTS OUR GRADUATES WITH IDENTIFYING AND SECURING CAREER AND GROWTH OPPORTUNITIES. 59115252 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 1 5180 0 1 792 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X EDWIN MEYER JR CPA 8607276906 ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 FRANK AMODIO DIRECTOR 2.00 0.40 X 0 0 0 KEVIN ARMATA DIRECTOR 2.00 0.30 X 0 0 0 MARY ANN HANLEY DIRECTOR 2.00 0.30 X 0 0 0 MICHELE BUSH DIRECTOR 2.00 0.30 X 0 0 0 EDWARD CASARES DIRECTOR 2.00 0.30 X 0 0 0 MERILEE DEJOHN DIRECTOR 2.00 0.50 X 0 0 0 MARTIN D'ERAMO DIRECTOR 2.00 0.30 X 0 0 0 ANTHONY DIFATTA DIRECTOR 2.00 0.40 X 0 0 0 MARIA ELLIS CHAIR 2.00 0.70 X X 0 0 0 DONNA GALLUZZO OUTGOING DIRECTOR 2.00 0.30 X 0 0 0 JACKIE JACOBY DIRECTOR 2.00 1.00 X 0 0 0 A RAYMOND MADORIN TREASURER 2.00 0.70 X X 0 0 0 JULIO MATURANA DIRECTOR 2.00 0.30 X 0 0 0 MEGAN MEHR DIRECTOR 2.00 0.50 X 0 0 0 MARK SCHEINBERG PRESIDENT 40.00 10.00 X X 489302 0 36609 SE-MIN SOHN VICE CHAIR 2.00 0.70 X X 0 0 0 JOHN WALTERS DIRECTOR 2.00 0.30 X 0 0 0 ADAM JEAMEL DIRECTOR 2.00 0.30 X 0 0 0 JUDY RESNICK DIRECTOR 2.00 0.60 X 0 0 0 KELLI GOODKOWSKY DIRECTOR 2.00 0.30 X 0 0 0 JEFFREY HOFFMAN DIRECTOR 2.00 0.30 X 0 0 0 ETHAN FOXMAN DIRECTOR 2.00 1.00 X 0 0 0 RON ANGELO DIRECTOR 2.00 0.30 X 0 0 0 EDWIN MEYER VP OF FINANCE 40.00 10.00 X 131679 0 58707 ANN CLARK EVP & PROVOST 50.00 X 248681 0 35337 BRYANT HARRELL VP OF FACILITIES & IT 50.00 X 169445 0 22607 TODD ANDREWS VP FOR ECONOMIC & STRATEGI 45.00 5.00 X 211772 0 48432 DANIEL NOONAN VP ENROLLMENT SERVICES 50.00 X 170949 0 55728 DANIELLE WILKEN VP ACADEMIC AFFAIRS 50.00 X 181496 0 24699 JANICE WATTS ACADEMIC CHAIR 50.00 X 126667 0 4499 JEAN MCGILL VP HUMAN RESOURCES 50.00 X 137478 0 29598 1867469 0 316216 25 0 1 0 FIP CONSTRUCTION INC 1536 NEW BRITAIN AVE FARMINGTON CT 06032 CONSTRUCTION 7573766 DOWNES CONSTRUCTION COMPANY LLC 200 STANLEY STREET PO BOX 727 NEW BRITAIN CT 06051 CONSTRUCTION 1550478 REACH LOCAL INC BOSTON 745 BOYLSTON ST 7FL BOSTON MA 02116 ADVERTISING SERVICES 933310 JCJ ARCHITECTURE PC 120 HUYSHOPE AVE SUITE 400 HARTFORD CT 06106 ARCHITECTURAL SERVICES 784551 SSC INC PO BOX 135 BRATTLEBORO VT 053020135 SECURITY SERVICES 661363 32 8396739 256653 8653392 TUITION & FEES 611600 63557399 63557399 63557399 220370 220370 1676989 2653232 -976243 -976243 -1367378 391135 287473 207571 79902 79902 OTHER INCOME 611600 948606 948606 GAIN FROM PURCHASE OF 611600 200000 200000 1148606 72683426 64585907 -1367378 811505 14361844 14361844 1316337 1257658 58679 43247 43247 22547160 21150247 1126913 270000 452581 394370 52327 5884 1821488 1615073 185549 20866 1942522 1724667 195833 22022 224895 224895 162907 162907 45000 45000 1803555 1552725 250830 3291046 3232498 58548 678134 477404 191756 8974 1678144 1520560 141654 15930 240078 238838 1240 632988 569689 63299 6499430 5849487 649943 512980 459038 48489 5453 STUDENT EXPENSE 2592712 2592712 REPAIRS AND MAINTENANCE 2488089 2280094 207995 ENVIRONMENTAL REMEDIATI 1513929 1513929 BAD DEBT EXPENSE 1125806 1125806 1781564 1096006 678508 7050 67756436 59115252 8226326 414858 37551224 24673136 4781824 6409257 2216217 2404108 658966 359264 10215 865647 1358898 247644688 42202309 199182200 205442379 4420039 6370853 249376415 247327812 8570059 8874074 5392393 5665395 25234640 18148450 933114 2574213 40130206 35262132 X 208793688 208071257 452521 3994423 209246209 212065680 249376415 247327812 X 4926990 -2107519 X X 0 1 X 1 1 1 X 15120066 12610754 4804919 13883898 8653392 55073029 15120066 12610754 4804919 13883898 8653392 55073029 55073029 112417 313277 382430 470870 611505 1890499 44912 363203 188203 85073 200000 881391 57844919 330143746 0.95210 0.97610 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2014 AMOUNT: $ 44,912. 2015 AMOUNT: $ 63,203. 2016 AMOUNT: $ 63,203. 2017 AMOUNT: $ 85,073. PURCHASE DISCOUNT - 2015 AMOUNT: $ 300,000. 2016 AMOUNT: $ 125,000. 2018 AMOUNT: $ 200,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 45000 0 0 45000 0 PART II-B, LINE 1: REPRESENTATION ON LEGISLATIVE ISSUES AFFECTING PRIMARY, SECONDARY AND HIGHER EDUCATION. 730000 X 0 10633771 792200 475825 632720 11269076 10001213 665119 578022 610583 10633771 9125744 558115 833500 516146 10001213 8725374 582546 251729 433905 9125744 8676876 687529 -262580 115918 260533 8725374 0.81890 0.08670 0.09440 0 1 1 26888219 26888219 188093825 32049822 156044003 16270689 8732225 7538464 16391955 1420262 14971693 205442379 REFUNDABLE ADVANCES 810106 OTHER LIABILITIES 1764107 2574213 X PART III, LINE 4: THE COLLEGE'S COLLECTIONS ARE DISPLAYED THROUGHOUT THE CAMPUS FOR THE CULTURAL ENRICHMENT OF THE STUDENT POPULATION. PART V, LINE 4: ENDOWMENT EARNINGS ARE PRIMARILY TO BE USED TO AWARD SCHOLARSHIPS TO FULL AND PART-TIME STUDENTS OF THE COLLEGE. PART X, LINE 2: THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2019. THE COLLEGE'S FEDERAL AND STATE TAX FILINGS PRIOR TO FISCAL YEAR 2016 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE COLLEGE HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLICIZES ITS RACIAL NONDISCRIMINATION POLICY ON ITS WEBSITE AND IN ITS STUDENT CATALOG. SCHEDULE E, PART I, LINE 6 THE COLLEGE PARTICIPATES IN THE FEDERAL STUDENT FINANCIAL AID PROGRAM; ACCORDINGLY THE COLLEGE RECEIVES VARIOUS FUNDS FROM THE DEPARTMENT OF EDUCATION, INCLUDING DIRECT LOAN, PELL, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (SEOG) AND FEDERAL WORK STUDY FUNDS IN PAYMENT OF STUDENT TUITION AND FEES. THE COLLEGE PERIODICALLY RECEIVES OTHER MISCELLANEOUS FEDERAL GRANT FUNDING BASED UPON ITS NEEDS AT THE TIME OF FUNDING. 1 FINANCIAL AID 4152 14361844 FMV INSTITUTIONAL AID APPLIED TO THE STUDENTS' ACCOUNTS. FORM 990 SCHEDULE I SCHEDULE I, PART I, LINE 2: THE COLLEGE AWARDS SCHOLARSHIPS AND OTHER ASSISTANCE TO QUALIFIED INDIVIDUALS ON THE BASIS OF FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. THE AWARDING OF FUNDS IS MONITORED BY THE COLLEGE'S FINANCIAL AID OFFICE, WHERE A COMPLETE LISTING OF RECIPIENTS IS ALSO MAINTAINED. X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 MARK SCHEINBERG PRESIDENT 406052 0 82750 0 500 0 25375 0 11234 0 525911 0 0 0 EDWIN MEYER VP OF FINANCE 116472 0 14850 0 357 0 22446 0 36261 0 190386 0 0 0 ANN CLARK EVP & PROVOST 230856 0 17325 0 500 0 24353 0 10984 0 284018 0 0 0 BRYANT HARRELL VP OF FACILITIES & IT 154882 0 14175 0 388 0 22382 0 225 0 192052 0 0 0 TODD ANDREWS VP FOR ECONOMIC & STRATEGI 194937 0 16335 0 500 0 23755 0 24677 0 260204 0 0 0 DANIEL NOONAN VP ENROLLMENT SERVICES 156370 0 14175 0 404 0 22986 0 32742 0 226677 0 0 0 DANIELLE WILKEN VP ACADEMIC AFFAIRS 165613 0 15525 0 358 0 22699 0 2000 0 206195 0 0 0 JEAN MCGILL VP HUMAN RESOURCES 122271 0 14850 0 357 0 18998 0 10600 0 167076 0 0 0 PART I, LINE 7 PERFORMANCE-BASED BONUSES WERE DETERMINED FOR AND PAID TO ALL LISTED INDIVIDUALS, OTHER THAN THE PRESIDENT OF THE COLLEGE, THROUGH RECOMMENDATIONS FROM THE EXECUTIVE VICE PRESIDENT & PROVOST AND THE VICE PRESIDENT OF HUMAN RESOURCES TO THE PRESIDENT OF THE COLLEGE. THE PRESIDENT'S PERFORMANCE-BASED BONUS WAS DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE PRESIDENT DID NOT PARTICIPATE IN ITS DETERMINATION. INTEGRATED HEALTH SERVICES INC SPOUSE OF THE COLLEGE'S PRESIDENT IS THE CEO OF INTEGRATED HEALTH SERVICES 343259 HEALTH SERVICE PROVIDER TO THE COLLEGE AND ITS RELATED ENTITIES 0 BRYANT HARRELL JR SON OF BRYANT HARRELL 43247 COMPENSATION 0 MARK SCHEINBERG COLLEGE'S PRESIDENT 135000 SOLD REAL ESTATE TO THE COLLEGE 0 FORM 990, PART I, LINE 1 GOODWIN COLLEGE SEEKS TO ADDRESS GAPS IN HIGHER EDUCATION OPPORTUNITY IN THE STATE OF CONNECTICUT BY CRAFTING PROGRAMS AND SERVICES TO ENABLE LOW-INCOME AND MINORITY STUDENTS TO EARN COLLEGE DEGREES AT A HIGHER RATE THAN IS GENERALLY ACHIEVED AT PUBLICLY-FUNDED INSTITUTIONS BUT AT A LOWER FINANCIAL COST THAN OTHER PRIVATE COLLEGES. OVER HALF OF GOODWIN'S GRADUATES WERE THE FIRST IN THEIR FAMILIES TO ATTEND AND COMPLETE COLLEGE. GOODWIN COLLEGE'S ACADEMIC PROGRAMS, WHICH INCLUDE TWO MASTERS DEGREE PROGRAMS, TWELVE BACCALAUREATE PROGRAMS AND A RANGE OF ASSOCIATE DEGREES AND CERTIFICATES, ARE TIED TO WORKFORCE NEEDS, HELPING TO ENSURE THE EMPLOYABILITY OF GRADUATES. MANY OF GOODWIN COLLEGE'S STUDENTS THRIVE IN A SUPPORTIVE ACADEMIC ENVIRONMENT, BUT REQUIRE INDIVIDUALIZED SUPPORT SERVICES TO OVERCOME OBSTACLES TO EDUCATIONAL COMPLETION. TO SERVE THIS POPULATION, GOODWIN PROVIDES ONE-ON-ONE ADVISING, CASE-MANAGEMENT, AND COUNSELING SERVICES, AS WELL AS TUTORING AND PEER-MENTORING. ONE SUCH PROGRAM, THE GOODWIN ACHIEVEMENT PROGRAM (GAP), OFFERS FOUNDATIONAL CLASSES AT NO CHARGE TO STUDENTS WHOSE READING AND MATH SKILLS FALL BELOW COLLEGE-LEVEL PROFICIENCY. THE COLLEGE ALSO SUPPORTS INITIATIVES TARGETED AT CLOSING THE EDUCATIONAL ACHIEVEMENT GAP, INCLUDING THE MEN OF VISION IN EDUCATION (MOVE) AND WOMEN INVESTED IN SEEKING EDUCATION (WISE), WHICH PROVIDE FINANCIAL AID, CASE MANAGEMENT, AND MENTORSHIP FOR YOUNG MEN AND WOMEN FROM MINORITY BACKGROUNDS, AND SUMMER BRIDGE, A COLLEGE READINESS PROGRAM FOR URBAN HIGH SCHOOL GRADUATES. GOODWIN COLLEGE PROMOTES TEACHING EXCELLENCE AMONG ITS FACULTY BY PROMOTING PROFESSIONAL DEVELOPMENT AND ASSESSMENT. GOODWIN FACULTY ARE SUPPORTED IN THEIR INDIVIDUAL RESEARCH ENDEAVORS, WITH AN EMPHASIS IS PLACED ON THOSE ACTIVITIES WHICH BEST TRANSLATE TO STUDENT SUCCESS INSIDE AND OUTSIDE THE CLASSROOM. TO HELP PROMOTE A CULTURE OF TEACHING EXCELLENCE, GOODWIN PROVIDES A GRANT PROGRAM TO INSPIRE INNOVATION AND IMPROVEMENT IN PROGRAM DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 2 MARK SCHEINBERG AND EDWIN MEYER SHARE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE, AUDIT AND RISK MANAGEMENT COMMITTEE, AND THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THE APPROPRIATE OFFICER OF THE COLLEGE IS THEN INFORMED OF THE APPROVAL FOR FILING AND THE RETURN IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A COMPLIANCE REVIEW IS CONDUCTED ANNUALLY ON THE CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS REVIEWS ALL POLICIES ANNUALLY WITH THE ASSISTANCE OF STAFF AND THE BOARD LIAISON. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF TOP MANAGEMENT AND KEY EMPLOYEES SALARIES ARE REVIEWED BY AN INDEPENDENT COMPENSATION COMMITTEE WHO COMPARES THEIR SALARIES TO TOP MANAGEMENT AND KEY EMPLOYEE'S SALARIES OF OTHER COLLEGES. THE BOARD APPROVES THE SALARIES ONCE THE COMPENSATION COMMITTEE REVIEWS THEM. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS FROM SUBSIDIARY - GREAT RIVER LAND TRUST -1,530. LOSS FROM SUBSIDARY - RIVER CAMPUS -380,599. PROVISION FOR UNCOLLECTIBLE GOV'T GRANTS & CONTRACTS -1,725,390. FORM 990, PART XII, LINE 2C: THE COLLEGE'S OVERSIGHT AND SELECTION PROCESSES HAVE NOT CHANGED DURING THE TAX YEAR. CAMPUS REALTY LLC 1 RIVERSIDE DRIVE EAST HARTORD CT 06118 208782395 RESIDENTIAL REAL ESTATE RENTALS CT 1070898 13338225 GOODWIN COLLEGE INC GOODWIN COLLEGE KING COURT LLC 1 RIVERSIDE DRIVE EAST HARTORD CT 06118 RESIDENTIAL REAL ESTATE RENTALS CT 148621 4853857 GOODWIN COLLEGE INC GOODWIN COLLEGE 417 MAIN LLC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 RESIDENTIAL REAL ESTATE RENTALS CT 67658 2060459 GOODWIN COLLEGE INC CONNECTICUT TRAINING CENTER INC 1137 MAIN STREET EAST HARTFORD CT 06108 223235660 EDUCATION CT 501(C)(3) LINE 2 GOODWIN COLLEGE INC 1 GREAT RIVER LAND TRUST INC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 454128786 LAND PRESERVATION CT 501(C)(3) LINE 7 GOODWIN COLLEGE INC 1 GOODWIN COLLEGE FOUNDATION INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 061599388 FUNDRAISING CT 501(C)(3) LINE 10 GOODWIN COLLEGE INC 1 GOODWIN COLLEGE MAGNET SCHOOLS INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 810703802 EDUCATION CT 501(C)(3) LINE 2 GOODWIN COLLEGE INC 1 GOODWIN COLLEGE EDUCATION SERVICES INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 810703551 SUPPORT FOR GOODWIN COLLEGE MAGNET SCHOOLS CT 501(C)(3) LINE 12B, II GOODWIN COLLEGE INC 1 RIVER CAMPUS INC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 202503170 REAL ESTATE HOLDINGS CT GOODWIN COLLEGE INC C 6000 2206614 1.00000 1 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 0