2020-07-14T08:30:18-05:00 2019-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2018-07-01 042103637 Wellesley College % PIPER ORTON WELL 7812831000 106 Central Street Wellesley MA 024818203 PIPER ORTON VP Fin/Admin/Treas 7812831000 2020-07-13 true SHYAMALEE JOSEPH P01085371 6179881000 2020-07-09 199.207.253.96 04502320201965000006 2020-07-14 P 072F242B0F8FA55BC44C4BBFD6D81B3F0B7E1C92 072F242B0F8FA55BC44C4BBFD6D81B3F0B7E1C92 2018 2021-01-29 14:40:06Z Paula A Johnson 106 Central Street Wellesley MA 02481 939365750 false 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 30 3302 0 -8008173 0 63618206 35590693 156443601 165583078 40857361 142231289 8349040 14066482 269268208 357471542 63249932 67791127 0 0 146562616 143673437 0 0 13086528 103760590 106269519 313573138 317734083 -44304930 39737459 2812442630 2855285999 479672796 478701001 2332769834 2376584998 To provide an excellent liberal arts education for women who will make a difference in the world. false false 176637922 164735050 Outstanding education: Wellesley 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 2,300 students. The average class size is 17 to 20 students with a 7:1 student-faculty ratio. 70423370 67791127 Wellesley College has a 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. Aproximately 60% of the student body receives financial and and Wellesley is widely recognized as one of the top 10 colleges in the country for students graduating with the least amount of debt. 12500695 12500695 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. 259561987 true true false false false false false true false true true true false false true false true false true true true false true false false false false false true true true false false false false false false false false false false true true false false true true true false true 586 0 true 3302 true true true true FR IT MX false false false false false false false false false true X 30 30 false false false false false false false true true false false false true true true true true true true false MA X X X PIPER ORTON 7812831000 106 CENTRAL STREET WELLESLEY MA 02481 Debora de Hoyos Chair 12.0 0.0 X 0 0 0 Thomas Faust Vice Chair 10.0 0.0 X 0 0 0 Kenneth G Bartels Trustee 2.0 0.0 X 0 0 0 M Amy Batchelor Trustee 2.0 0.0 X 0 0 0 JudyAnn Rollins Bigby Trustee 2.0 0.0 X 0 0 0 Brian C Broderick Trustee 2.0 0.0 X 0 0 0 Ruth Chang Trustee 2.0 0.0 X 0 0 0 Sir Peter Crane Trustee 2.0 0.0 X 0 0 0 Callie Crossley Trustee 2.0 0.0 X 0 0 0 Ophelia Dahl Trustee 2.0 0.0 X 0 0 0 Laura Daignault Gates Trustee 2.0 0.0 X 0 0 0 Hana Glasser Trustee 2.0 0.0 X 0 0 0 Judith B Hale Trustee 2.0 0.0 X 0 0 0 Maia Heymann Trustee 2.0 0.0 X 0 0 0 Dorothy Chao Jenkins Trustee 2.0 0.0 X 0 0 0 Lynn Dixon Johnston Trustee 2.0 0.0 X 0 0 0 Patrick Lee Trustee 2.0 0.0 X 0 0 0 Susan Koenigsberg Lucas Trustee 2.0 0.0 X 0 0 0 Ellen Goldberg Luger Trustee 2.0 0.0 X 0 0 0 Laura Russell Malkin Trustee 2.0 0.0 X 0 0 0 Ellen R Marram Trustee 2.0 0.0 X 0 0 0 Lawry Jones Meister Trustee 2.0 0.0 X 0 0 0 Christopher T Pasko Trustee 2.0 0.0 X 0 0 0 Lia Gelin Poorvu Trustee 2.0 0.0 X 0 0 0 Jennifer Smith Trustee 2.0 0.0 X 0 0 0 Diana Sorensen Trustee 2.0 0.0 X 0 0 0 Grace Y Toh Trustee 2.0 0.0 X 0 0 0 Susan L Wagner Trustee 2.0 0.0 X 0 0 0 Alvia J Wardlaw Trustee 2.0 0.0 X 0 0 0 Mary H White Trustee 2.0 0.0 X 0 0 0 Paula A Johnson President 70.0 0.0 X 581781 0 124800 Piper Orton VP for Fin. & Admin. & Treas. 60.0 0.0 X 342861 0 43827 Deborah F Kuenstner Chief Investment officer 60.0 0.0 X 1651653 0 60638 Andrew Shennan Provost and Dean of College 60.0 0.0 X 320179 0 132617 Sheilah Horton Dean of Students 60.0 0.0 X 248917 0 72100 Joy St John Dean-Admiss. & Stu. Fin. Svcs 60.0 0.0 X 212477 0 57140 Ann Velenchik Dean of Academic Aff. 60.0 0.0 X 237432 0 49487 Ray Oquendo Dir.-Invest. Operation 60.0 0.0 X 598000 0 61672 Roseann C Carpenter Investment Officer 60.0 0.0 X 585305 0 63662 Karen Petrulakis General Counsel 60.0 0.0 X 349104 0 35736 Richard G French Prof. Astronomy 60.0 0.0 X 264214 0 52570 Ganesan Ravishanker Chief Info. Off. & Assoc. Dean 60.0 0.0 X 260317 0 32598 Cameran M Mason Former VP-Resources&Pub. Aff. 60.0 0.0 X 210880 0 36956 5863120 0 823803 257 true true false Turner Construction Company 2 Seaport Lane - 2nd Floor Boston MA 02210 Construction 65594803 Skidmore Owings Merrill LLP 14 Wall Street New York NY 10005 Engineering 7429085 Elaine Construction Company 1037 Chestnut Street Newton Upper Falls MA 02464 Construction 2324630 Truimph Modular Inc 194 Ayer Road LITTLETON MA 01460 Construction 2131698 Dacon Corporation 16 Huron Drive NATICK MA 01760 Construction 1920310 130 4313992 31276701 6449010 35590693 STUDENT TUITION AND FEES 900099 128440590 128440590 STUDENT ROOM AND BOARD 900099 35549488 35549488 WELLESLEY CENTER FOR WOMEN ACTIVITIES 900099 1593000 1593000 165583078 11581996 -10638229 22220225 1755000 1755000 0 0 0 0 709631000 1157501 581894208 127736792 1157501 128894293 216241 128678052 0 0 0 0 0 0 0 0 0 AUXILIARY ENTERPRISES 900099 4242795 4241133 1662 WELLESLEY COLLEGE CLUB 722320 1597119 405534 1191585 NEHOIDEN GOLF CLUB 713990 1220568 1220568 7006000 7006000 14066482 357471542 177235745 -8008173 152653277 0 64211091 64211091 3580036 3580036 0 2987336 1065309 1922027 0 105401314 74723272 25223645 5454397 13845950 11636918 1716606 492426 14341701 9842593 3888630 610478 7097136 4804764 1927688 364684 5675755 5584188 56758 34809 677314 677314 295809 295809 0 0 163479 163479 13920259 9744181 4176078 0 6483384 4264165 2092478 126741 5980274 5386261 333102 260911 0 6506001 5855401 390360 260240 7017378 4063508 2543040 410830 0 378831 326309 33559 18963 17595565 17595565 0 20850648 18082285 2336159 432204 1881819 1881819 BANK FEES 10569921 10043935 420789 105197 STUDY AWAY EXPENSES 5836820 5836820 EQUIPMENT RENTAL 1519296 449707 1046392 23197 PRINTING & MAILING 916966 583860 17733 315373 317734083 259561987 45085568 13086528 0 0 183401660 120764076 75566208 58783492 9176843 6922647 0 0 0 0 7204845 7003117 815222 718735 2950261 873285 726824048 305941401 353599000 420882647 925640591 933069000 1254088000 1306269000 0 0 0 0 0 0 2812442630 2855285999 110759654 116730924 407266 476622 10330473 8795485 235646853 234010927 0 0 0 0 89413655 87206837 0 0 33114895 31480206 479672796 478701001 X 637500052 661236998 1113462322 0 581807460 1715348000 2332769834 2376584998 2812442630 2855285999 X 39737459 13078206 -9000501 X false true X true true true X 76103854 94615915 55335153 63618206 35590693 325263821 0 0 76103854 94615915 55335153 63618206 35590693 325263821 63559349 261704472 13751596 12641952 13802574 1940884 23975225 66112231 0 10958198 10436597 9166844 8299040 11652667 50513346 441889398 749024387 0.59224 0.76060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 2105211700 25614153 137048791 46965425 47494219 2173415000 1930751111 54445964 205996958 37551792 48430541 2105211700 1784479646 230695137 41236924 43186748 1930751111 1881030003 19077480 -32224819 40835838 42567180 1784479646 1834136919 28253254 100454799 40502006 41312963 1881030003 0.30540 0.69460 false false 37256419 37256419 586021413 298288360 287733053 9371136 7653041 1718095 94175080 94175080 420882647 PRIVATE EQUITY 596981000 F REAL ASSETS 160706000 F ABSOLUTE RETURN 524456000 F MISCELLANEOUS OTHER 24126000 F 1306269000 0 GOVERNMENT LOAN ADVANCES 2379284 ANNUITIES & UNITRUSTS PAYABLE 29100922 31480206 279497848 13078206 -9000501 4077705 275420143 14260272 67791127 82051399 357471542 235682684 235682684 14260272 67791127 82051399 317734083 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 10,000 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 2 WELLESLEY COLLEGE HAS ADOPTED ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2019 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. 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 39% of operating revenue. Wellesley Collegess strong and prudent financial management ensures the purchasing power of the endowment for generations to come. The top uses of the endowment for FY2019 were financial aid (52%) and faculty salaries (38%). Part XI, Line 2d Other Adjustments UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP $ (5,337,000) OTHER NON-OPERATING CHANGES $ 625,499 MINIMUM PENSION LIABILITY $ (4,289,000) TOTAL $ (9,000,501) Part XI, Line 4b Financial aid including Pell Grants $67,791,127 Part XII, Line 4b Financial aid including Pell Grants $67,791,127 true true true true true true true false false false false false false false false true false true 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. Part I, Line 6a 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. true East Asia and the Pacific Investments 201582663 Europe (Including Iceland and Greenland) Investments 222768273 North America Investments 19838916 Middle East and North Africa Investments 24047394 Central America and the Caribbean Program Services STUDY AWAY TUITION 95670 East Asia and the Pacific Program Services STUDY AWAY TUITION 361969 Europe (Including Iceland and Greenland) 1 6 Program Services STUDY AWAY TUITION 2674821 Middle East and North Africa Program Services STUDY AWAY TUITION 49040 South America Program Services STUDY AWAY TUITION 252429 South Asia Program Services STUDY AWAY TUITION 6940 Sub-Saharan Africa Program Services STUDY AWAY TUITION 141731 North America Program Services STUDY AWAY TUITION 153513 Russia and the Newly Independent States Program Services STUDY AWAY TUITION 11475 Central America and the Caribbean Program Services STUDY AWAY PROGRAM 51832 East Asia and the Pacific Program Services STUDY AWAY PROGRAM 1344 Europe (Including Iceland and Greenland) 1 6 Program Services STUDY AWAY PROGRAM 1939971 Middle East and North Africa Program Services STUDY AWAY PROGRAM 55766 North America Program Services STUDY AWAY PROGRAM 19593 Russia and the Newly Independent States Program Services STUDY AWAY PROGRAM 40721 South Asia Program Services STUDY AWAY PROGRAM 58986 Central America and the Caribbean Program Services INTERNSHIPS 10750 North America Program Services INTERNSHIPS 5000 East Asia and the Pacific Program Services INTERNSHIPS 121900 Europe (Including Iceland and Greenland) 1 6 Program Services INTERNSHIPS 113138 Middle East and North Africa Program Services INTERNSHIPS 48500 Russia and the Newly Independent States Program Services INTERNSHIPS 3000 South America Program Services INTERNSHIPS 49250 South Asia Program Services INTERNSHIPS 27600 Sub-Saharan Africa Program Services INTERNSHIPS 63750 Central America and the Caribbean Program Services FINANCIAL AID 103444 North America Program Services FINANCIAL AID 423481 East Asia and the Pacific Program Services FINANCIAL AID 690837 Europe (Including Iceland and Greenland) Program Services FINANCIAL AID 1010076 Middle East and North Africa Program Services FINANCIAL AID 214235 Russia and the Newly Independent States Program Services FINANCIAL AID 84304 South America Program Services FINANCIAL AID 175610 South Asia Program Services FINANCIAL AID 551806 Sub-Saharan Africa Program Services FINANCIAL AID 326243 2 12 1 6 3 18 474033747 4142224 478175971 FINANCIAL AID Central America and the Caribbean 2 103444 CR. TO ACCT. FINANCIAL AID North America 10 423481 CR. TO ACCT. FINANCIAL AID East Asia and the Pacific 18 690837 CR. TO ACCT. FINANCIAL AID Europe (Including Iceland and Greenland) 27 1010076 CR. TO ACCT. FINANCIAL AID Middle East and North Africa 4 214235 CR. TO ACCT. FINANCIAL AID Russia and the Newly Independent States 2 84304 CR. TO ACCT. FINANCIAL AID South America 4 175610 CR. TO ACCT. FINANCIAL AID South Asia 14 551806 CR. TO ACCT. FINANCIAL AID Sub-Saharan Africa 11 326243 CR. TO ACCT. true false true true true false 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. true FINANCIAL AID 1298 64211091 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. X X X true true X X X X X false false false false false true false true false Paula A Johnson President 540299 41482 33824 90976 706581 Piper Orton VP for Fin. & Admin. & Treas. 340529 2332 33824 10003 386688 Deborah F Kuenstner Chief Investment officer 564192 1084293 3168 33824 26814 1712291 Andrew Shennan Provost and Dean of College 288907 30000 1272 33824 98793 452796 Sheilah Horton Dean of Students 245867 2000 1050 13880 58220 321017 Joy St John Dean-Admiss. & Stu. Fin. Svcs 207165 5000 312 27731 29409 269617 Ann Velenchik Dean of Academic Aff. 221508 15924 29713 19774 286919 Ray Oquendo Dir.-Invest. Operation 319449 277093 1458 33824 27848 659672 Roseann C Carpenter Investment Officer 303142 281876 287 33824 29838 648967 Karen Petrulakis General Counsel 347264 1000 840 15546 20190 384840 Richard G French Prof. Astronomy 190456 73758 32925 19645 316784 Ganesan Ravishanker Chief Info. Off. & Assoc. Dean 257670 2647 31571 1027 292915 Cameran M Mason Former VP-Resources&Pub. Aff. 160368 50512 25867 11089 247836 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 6a 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 2008-01-28 57385000 CONSTRUCTIONS - REFIN. 1999 ISSUE false false false B MDFA 2012 SERIES J 043431814 57583UNP9 2012-04-01 55497618 CONSTRUCTION false false false C MDFA 2018 SERIES L 043431814 57584YES4 2018-03-01 105663450 CONSTRUCTION - REFIN. 1992 ISSUE false false false A 0 0 57385000 0 0 0 530057 0 0 25447000 31407943 0 2010 false true true true B 0 0 55497618 0 0 0 394458 0 0 55103160 0 0 2015 false false true true C 1020000 0 96500000 0 0 0 832680 0 0 61495168 4825000 29347152 true false false true A false false true true true true 0 false false false true B false false true true false 0 false false false false C false false true true false 0 false false false false A false false true false true true JP MORGAN 31.44 false false false 0 true true B false false false true false false 0 false 0 false true C false true false false true false 0 false 0 false true A true B true C true 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. 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. X X X 212 6449009 SELLING PRICE/FMV X OTHER PERS.PP 1 1 FMV/$1 FOR TRACKING false true true 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. 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 COLLEGES'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 15a and 15b 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 CONTEMPERANOUS 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 X, Lines 27, 28, and 29 Wellesley College has adopted ASU 2016-14, presentation of the financial statements of not-for-profit entities. As a result, the June 30, 2019 audited financial statements classify net assets as either net assets without donor restrictions, or net assets with donor restrictions. For purposes of Form 990, Part X, Lines 27, 28, and 29, Wellesley College has reported net assets without donor restrictions as unrestricted net assets and net assets with donor restrictions as permanantly restricted net assets, respectively. FORM 990, PART XI, LINE 9 UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP $ (5,337,000) OTHER NON-OPERATING CHANGES $ 625,499 MINIMUM PENSION LIABILITY $ (4,289,000) TOTAL $ (9,000,501) WELLESLEY COLLEGE FOUNDATION UK LIMITED 19 NORCOTT ROAD LONDON UK N16 7EJ 981196154 EDUCATION UK 492368 6940 WELLESLEY POOLED INCOME FUNDS (5) SUPPORT MA NA TRUST true CHARITABLE REMAINDER TRUSTS (2) SUPPORT MA NA TRUST true false false false false false false false false false false false false false false false false false false true POOLED INCOME FUNDS (5) S 84659 ACCRUAL CHARITABLE REMAINDER TRUSTS (2) S 2609924 ACCRUAL