FURP.ORG / PUBLIC DATA EXPLORER

WASHINGTON COLLEGE: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
WASHINGTON COLLEGE (EIN 52-0591691)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-15
IRS object ID
201911359349305526
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-05-15T11:48:23-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1757 THIRD AVENUE 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN520591691EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WASHINGTON COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% PENELOPE FARLEY CONTROLLERInCareOfNm
Business Name ControlWASHBusinessNameControlTxt
Phone4107787224PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 Washington AveAddressLine1Txt
CityChestertownCityNm
State AbbreviationMDStateAbbreviationCd
ZIP216201197ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAURA JOHNSONPersonNm
Person TitleVP FinancePersonTitleTxt
Phone4107787224PhoneNum
Signature2019-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDaniel RomanoPreparerPersonNm
PTINP00504182PTIN
Phone2125990100PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address209.220.64.52IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id23695320191355000043FederalOriginalSubmissionId
Federal Original Submission Id2019-05-15FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdE815FB47ED7B67BE47C4587707F65E4BB9F5AE01AtSubmissionCreationDeviceId
At Submission Filing Device IdFE39DA10AEC949D81AEF277AEA023C5F99DCE9C1AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKurt M Landgraf PresidentPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 Washington AvenueAddressLine1Txt
CityChestertownCityNm
State AbbreviationMDStateAbbreviationCd
ZIP216201197ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$186,422,699GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.washcoll.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1782FormationYr
Legal Domicile StateMDLegalDomicileStateCd
Activity Or MissionTO DEVELOP IN ITS STUDENTS THE HABITS OF ANALYTIC THOUGHT, AESTHETIC INSIGHT, IMAGINATION, ETHICAL SENSITIVITY, AND TO ENRICH THE CULTURAL AND INTELLECTUAL LIFE.ActivityOrMissionDesc
Voting Members Governing Body34VotingMembersGoverningBodyCnt
Voting Members Independent33VotingMembersIndependentCnt
Total Employee1656TotalEmployeeCnt
Total Volunteers79TotalVolunteersCnt
Total Gross UBI-$100,564TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$131,827NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$20,884,007PYContributionsGrantsAmt
CY Contributions Grants$24,110,148CYContributionsGrantsAmt
PY Program Service Revenue$79,292,418PYProgramServiceRevenueAmt
CY Program Service Revenue$79,797,612CYProgramServiceRevenueAmt
PY Investment Income$7,020,850PYInvestmentIncomeAmt
CY Investment Income$8,332,509CYInvestmentIncomeAmt
PY Other Revenue$2,567,600PYOtherRevenueAmt
CY Other Revenue$1,516,257CYOtherRevenueAmt
PY Total Revenue$109,764,875PYTotalRevenueAmt
CY Total Revenue$113,756,526CYTotalRevenueAmt
PY Grants And Similar Paid$28,706,409PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$31,472,952CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$37,644,700PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$38,166,824CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$21,852CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,361,252CYTotalFundraisingExpenseAmt
PY Other Expenses$32,346,847PYOtherExpensesAmt
CY Other Expenses$34,662,868CYOtherExpensesAmt
PY Total Expenses$98,697,956PYTotalExpensesAmt
CY Total Expenses$104,324,496CYTotalExpensesAmt
PY Revenues Less Expenses$11,066,919PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$9,432,030CYRevenuesLessExpensesAmt
Total Assets BOY$433,011,778TotalAssetsBOYAmt
Total Assets EOY$452,219,934TotalAssetsEOYAmt
Total Liabilities BOY$85,440,099TotalLiabilitiesBOYAmt
Total Liabilities EOY$81,323,535TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$347,571,679NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$370,896,399NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionWASHINGTON COLLEGE CHALLENGES AND INSPIRES EMERGING CITIZEN LEADERS TO DISCOVER LIVES OF PURPOSE AND PASSION. CORE VALUES WE SHARE THESE VALUES OF OUR FOUNDING PATRON, GEORGE WASHINGTON: INTEGRITY, DETERMINATION, CURIOSITY, CIVILITY, LEADERSHIP, AND MORAL COURAGE. WE OFFER ACADEMIC RIGOR AND SELF-DISCOVERY IN A SUPPORTIVE, RESIDENTIAL COMMUNITY OF WELL-QUALIFIED, DIVERSE, AND MOTIVATED INDIVIDUALS. WE DEVELOP IN OUR STUDENTS HABITS OF ANALYTIC THOUGHT AND CLEAR COMMUNICATION, AESTHETIC INSIGHT, ETHICAL SENSITIVITY, AND CIVIC RESPONSIBILITY. UNHURRIED CONVERSATION AND CLOSE CONNECTIONS WITH AN EXCEPTIONAL FACULTY AND STAFF COMPLEMENT A BROAD CURRICULUM OF STUDY. A BEAUTIFUL CAMPUS, READY ACCESS TO EXCITING CITIES AND THE CHESAPEAKE BAY, AND ENGAGEMENT WITH CULTURES AND COMMUNITIES LOCALLY AND AROUND THE WORLD AFFORD OUR STUDENTS AMPLE RESOURCES AND OPPORTUNITIES FOR PERSONAL EXPLORATION AND SHARED CHALLENGES. WE PREPARE OUR STUDENTS FOR RICH AND FULFILLING LIVES; FOR MYRIAD AND UNPREDICMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$89,656,081ExpenseAmt
Grant$31,472,952GrantAmt
Revenue$66,531,269RevenueAmt
DescWASHINGTON COLLEGE'S ACHIEVEMENTS INCLUDE SUCCEEDING AS AN INSTITUTION OF HIGHER EDUCATION PROMOTING HABITS OF ANALYTIC THOUGHT, AESTHETIC INSIGHT, IMAGINATION, ETHICAL SENSITIVITY AND CLARITY OF EXPRESSION WHILE SUCCESSFULLY GRADUATING STUDENTS AT A RATE OF 64% IN 4 YEARS. THE COLLEGE ENDEAVORS TO PREPARE ITS GRADUATES FOR FURTHER EDUCATION AND PRODUCTIVE CAREERS. WITH 40 MAJORS AND ACADEMIC PROGRAMS TO CHOOSE FROM, OVER 1,550 STUDENTS CAN DEVISE A COURSE OF STUDY THAT FITS THEIR INTELLECTUAL INTERESTS AND CAREER ASPIRATIONS. IN ADDITION TO TRADITIONAL FIELDS OF STUDY, THEY MAY CHOOSE AN AREA OF CONCENTRATION IN FIELDS SUCH AS BEHAVIORAL NEUROSCIENCE, CLINICAL PSYCHOLOGY OR EAST ASIAN STUDIES, AMONG OTHERS. THE COLLEGE ALSO OFFERS PROFESSIONAL PREPARATION TRACKS IN PREMEDICAL STUDIES AND PRE-LAW, AS WELL AS DUAL DEGREE PROGRAMS IN ENGINEERING, NURSING AND PHARMACY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$0ExpenseAmt
Grant$0GrantAmt
Revenue$13,522,951RevenueAmt
DescWASHINGTON COLLEGE'S RESIDENTIAL LIFE PROGRAM PROVIDES STUDENTS WITH OPPORTUNITIES AND EXPERIENCES THAT HELP THEM TO DEVELOP RESPONSIBILITIES BOTH TO THEMSELVES AND TO THEIR FELLOW STUDENTS. IT ATTEMPTS TO PROVIDE A RELAXING AND CALM ATMOSPHERE FOR STUDY AND DAY-TO-DAY LIVING. INDEED, LIVING ON-CAMPUS IS TRULY THE "OTHER-HALF" OF A COLLEGE EDUCATION. WITH APPROXIMATELY 27 DORMS TO CHOOSE FROM, STUDENTS HAVE CHOICES OF SINGLE, DOUBLES OR TRIPLES IN EACH ROOM/UNIT. HODSON HALL HOUSES THE DINING FACILITIES FOR WASHINGTON COLLEGE. THE MAIN DINING HALL SEATS 500 ON TWO LEVELS. STUDENTS, FACULTY AND STAFF FIND MADE-TO-ORDER MEALS ALONG WITH SELF-SERVE OPTIONS ALLOWING FOR A CUSTOMIZED DINING EXPERIENCE. STUDENTS CHOOSE FROM FIVE MEALS PLANS WITH ADDITIONAL OPTIONS FOR MEAL EQUIVALENCIES. CASUAL DINING IS LOCATED ON THE FIRST FLOOR OF THE COMMONS. OPERATING UNTIL LATE EVENING, OPTIONS INCLUDE MONDO SUBS, MARTHA'S KITCHEN, AND THE CAMPUS COFFEE BAR, JAVA GEORGE.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$440,372ExpenseAmt
Grant$0GrantAmt
Revenue$1,150,424RevenueAmt
DescWASHINGTON COLLEGE USES ITS FACILITIES DURING SUMMER MONTHS TO FACILITATE EDUCATIONAL EXPERIENCES FOR YOUNGER K-12 STUDENTS. THESE STUDENTS ARE GIVEN AN OPPORTUNITY TO PARTICIPATE IN SUMMER CAMPS RANGING FROM SCIENCES, MATHEMATICS AND HANDS ON PROJECTS. THESE CAMPS LAST ANYWHERE FROM FOUR DAYS TO THREE WEEKS AND ARE MANAGED BY OTHER OUTSIDE NONPROFIT ORGANIZATIONS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$90,096,453TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsYes (true)ConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document445IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee1656EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members34GoverningBodyVotingMembersCnt
Independent Voting Member33IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPENELOPE FARLEY CONTROLLERPersonNm
Phone4107787224PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1515 WASHINGTON AVEAddressLine1Txt
CityChestertownCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21620ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (51 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
H Lawrence Culp Jr
Chairman1.00.0Yes (X)Yes (X)$0$0$0
Richard L Creighton
Co-Vice Chair1.00.0Yes (X)Yes (X)$0$0$0
Ann Horner
Co-Vice Chair1.00.0Yes (X)Yes (X)$0$0$0
Lynn L Bergeson
Secretary1.00.0Yes (X)Yes (X)$0$0$0
Geoffrey M Rogers Sr
Treasurer1.00.0Yes (X)Yes (X)$0$0$0
Patrick William Allender
Member1.00.0Yes (X)$0$0$0
Norris W Commodore Jr
Member1.00.0Yes (X)$0$0$0
Jayne Conroy
Member1.00.0Yes (X)$0$0$0
Thomas C Crouse Jr
Member1.00.0Yes (X)$0$0$0
Peter Van Dyke
Member1.00.0Yes (X)$0$0$0
John G Eckenrode
Member - End 5/31/181.00.0Yes (X)$0$0$0
Thomas H Gale
Member1.00.0Yes (X)$0$0$0
Stephen T Golding
Member1.00.0Yes (X)$0$0$0
Richard B Grieves
Member1.00.0Yes (X)$0$0$0
William Harvey
Member1.00.0Yes (X)$0$0$0
Nina Rodale Houghton
Member - end 11/5/171.00.0Yes (X)$0$0$0
Margaret Goldstein Janney
Member - End 9/11/171.00.0Yes (X)$0$0$0
Kirk B Johnson
Member1.00.0Yes (X)$0$0$0
Marc Bunting
Member1.00.0Yes (X)$0$0$0
Richard Wheeler
Member1.00.0Yes (X)$0$0$0
Rebecca Loree
Member1.00.0Yes (X)$0$0$0
Thomas H Maddux
Member1.00.0Yes (X)$0$0$0
William Miller
Member1.00.0Yes (X)$0$0$0
Deborah Moxley Turner
Member1.00.0Yes (X)$0$0$0
Edward P Nordberg
Member1.00.0Yes (X)$0$0$0
Regis De Ramel
Member1.00.0Yes (X)$0$0$0
Bert Rein
Member1.00.0Yes (X)$0$0$0
Dr Henry F Sears
Member1.00.0Yes (X)$0$0$0
Valerie Sheppard
Member1.00.0Yes (X)$0$0$0
Ralph Snyderman
Member1.00.0Yes (X)$0$0$0
Daryl L Swanstrom
Member1.00.0Yes (X)$0$0$0
John H Timken
Member1.00.0Yes (X)$0$0$0
Donald C Tomasso
Member1.00.0Yes (X)$0$0$0
Richard Wood III
Member1.00.0Yes (X)$0$0$0
Albert JA Young
Member1.00.0Yes (X)$0$0$0
Kurt Landgraf
president/member as of 6/30/1755.00.0Yes (X)Yes (X)$238,346$0$21,622
Beth Kahn Leaman
Member - End 5/31/181.00.0Yes (X)$0$0$0
Jim Lim
Member1.00.0Yes (X)$0$0$0
Rahel Rosner
VP Fin & Admin - End 6/1/1855.00.0Yes (X)$275,758$0$27,012
Victor Sensenig
Chief of Staff55.00.0Yes (X)$118,312$0$22,379
Laura Johnson
VP Finance55.00.0Yes (X)$0$0$0
Patrice DiQuinzio
Provost55.00.0$158,477$0$21,482Yes (X)
Sarah Feyerherm
VP Student Affairs55.00.0$145,850$0$19,194Yes (X)
Andrea Triscuizzi
VP of Advancement55.00.0$322,692$0$35,516Yes (X)
Scott Greatorex
Assoc VP of Advancement55.00.0$141,921$0$36,795Yes (X)
John L Seidel
Director of Enviro Studies55.00.0$170,581$0$23,441Yes (X)
Robert Cowdrey
CIO55.00.0$138,865$0$21,363Yes (X)
Penelope L Farley
Asst VP Finance & Controller55.00.0$145,068$0$10,542Yes (X)
Valerie RiChard
Assoc VP of Facilities55.00.0$146,100$0$16,501Yes (X)
Sheila Bair
President - end 6/30/1755.00.0$438,601$0$56,829Yes (X)
Joseph L Holt
Chief of Staff & VP Finance55.00.0$97,078$0$14,733Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,537,649TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$327,409TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K19IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Chartwells Compass Group USA
PO Box 417632BOSTONMA02241Dining Management$2,328,635
The Whiting - Turner Contracting CO
PO Box 17596BALTIMOREMD21297Construction$2,062,998
Joseph T Richardson Inc
PO Box 269HARRINGTONDE19952HVAC contractor$1,213,300
Adrian L Merton Inc
9011 East Hampton DriveCAPITOL HEIGHTSMD20743HVAC contractor$766,784
Ayers Saint Gross Inc
140 Hull Street Suite 100BALTIMOREMD21230Architects$590,171
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K26CntrctRcvdGreaterThan100KCnt
Government Grants$2,947,980GovernmentGrantsAmt
All Other Contributions$21,162,168AllOtherContributionsAmt
Noncash Contributions$2,917,559NoncashContributionsAmt
Total Contributions$24,110,148TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES900099$63,940,345$63,940,345
ROOM AND BOARD900099$13,522,951$13,522,951
CONFERENCES & CATERING532000$1,620,325$1,569,421$50,904
AUXILIARY ENTERPRISES900099$713,991$713,991
FieldValueIRS element (for citing)
Total Program Service Revenue$79,797,612TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$385,827TotalRevenueColumnAmt
Unrelated Business Revenue-$151,468UnrelatedBusinessRevenueAmt
Exclusion$537,295ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$42,709RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$42,709RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$42,709TotalRevenueColumnAmt
Exclusion$42,709ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$80,547,590SecuritiesAmt
Other$33,612OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$72,603,960SecuritiesAmt
Other$30,560OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$7,943,630SecuritiesAmt
Other$3,052OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,946,682TotalRevenueColumnAmt
Exclusion$7,946,682ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$47,265FundraisingGrossIncomeAmt
Fundraising Direct Expenses$31,653FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,612TotalRevenueColumnAmt
Exclusion$15,612ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$0GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
BOOKSTORE900099$133,144$133,144
GIS PROGRAM900099$125,185$125,185
ATHLETIC PROGRAMS900099$116,401$116,401

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,083,206TotalRevenueColumnAmt
Related Or Exempt Func Income$1,083,206RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,457,936OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$113,756,526TotalRevenueColumnAmt
Related Or Exempt Func Income$81,204,644RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$100,564UnrelatedBusinessRevenueAmt
Exclusion$8,542,298ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$30,000,007TotalAmt
Program Services$30,000,007ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$1,472,945TotalAmt
Program Services$1,472,945ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,091,953TotalAmt
Program Services$1,098,829ProgramServicesAmt
Management And General$1,178,599ManagementAndGeneralAmt
Fundraising$814,525FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$26,373,031TotalAmt
Program Services$23,416,922ProgramServicesAmt
Management And General$1,903,052ManagementAndGeneralAmt
Fundraising$1,053,057FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,666,948TotalAmt
Program Services$1,348,491ProgramServicesAmt
Management And General$205,851ManagementAndGeneralAmt
Fundraising$112,606FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,996,596TotalAmt
Program Services$4,042,508ProgramServicesAmt
Management And General$595,529ManagementAndGeneralAmt
Fundraising$358,559FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,038,296TotalAmt
Program Services$1,709,796ProgramServicesAmt
Management And General$212,566ManagementAndGeneralAmt
Fundraising$115,934FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$207,847TotalAmt
Program Services$3,725ProgramServicesAmt
Management And General$204,122ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$108,470TotalAmt
Management And General$108,470ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$2,370TotalAmt
Management And General$2,370ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$21,852TotalAmt
Fundraising$21,852FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$1,113,752TotalAmt
Management And General$1,113,752ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$5,307,461TotalAmt
Program Services$4,260,087ProgramServicesAmt
Management And General$786,504ManagementAndGeneralAmt
Fundraising$260,870FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$115,445TotalAmt
Program Services$75,578ProgramServicesAmt
Management And General$39,613ManagementAndGeneralAmt
Fundraising$254FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$301,984TotalAmt
Program Services$216,793ProgramServicesAmt
Management And General$52,454ManagementAndGeneralAmt
Fundraising$32,737FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$4,597,379TotalAmt
Program Services$4,038,551ProgramServicesAmt
Management And General$553,370ManagementAndGeneralAmt
Fundraising$5,458FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,295,162TotalAmt
Program Services$1,233,171ProgramServicesAmt
Management And General$33,033ManagementAndGeneralAmt
Fundraising$28,958FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$2,656,695TotalAmt
Program Services$2,656,695ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$8,769,487TotalAmt
Program Services$7,064,438ProgramServicesAmt
Management And General$1,682,415ManagementAndGeneralAmt
Fundraising$22,634FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$761,282TotalAmt
Program Services$16,711ProgramServicesAmt
Management And General$744,571ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SUPPLIES$3,008,528$2,937,233$37,785$33,510
REPAIRS & MAINTENANCE$1,632,522$1,079,374$524,078$29,070
MEALS & ENTERTAINMENT$1,334,476$724,371$485,613$124,492
BOOKS & RESEARCH SUPPLIES$601,486$601,486

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,848,522TotalAmt
Program Services$2,098,742ProgramServicesAmt
Management And General$403,044ManagementAndGeneralAmt
Fundraising$346,736FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$104,324,496TotalAmt
Program Services$90,096,453ProgramServicesAmt
Management And General$10,866,791ManagementAndGeneralAmt
Fundraising$3,361,252FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$38,108,225BOYAmt
EOY$41,112,033EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,543,027BOYAmt
EOY$7,764,841EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,022,167BOYAmt
EOY$1,077,120EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$83,886BOYAmt
EOY$80,507EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$685,451BOYAmt
EOY$1,482,130EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$275,414,465LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$102,543,719LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$169,208,342BOYAmt
EOY$172,870,746EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$150,516,759BOYAmt
EOY$157,413,053EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$67,333,448BOYAmt
EOY$70,419,504EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$510,473BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$433,011,778BOYAmt
EOY$452,219,934EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$5,634,347BOYAmt
EOY$7,029,595EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,663,144BOYAmt
EOY$988,752EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$69,395,000BOYAmt
EOY$66,849,945EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,747,608BOYAmt
EOY$6,455,243EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$85,440,099BOYAmt
EOY$81,323,535EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$114,671,067BOYAmt
EOY$117,082,609EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$92,506,057BOYAmt
EOY$105,146,664EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$140,394,555BOYAmt
EOY$148,667,126EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$347,571,679BOYAmt
EOY$370,896,399EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$433,011,778BOYAmt
EOY$452,219,934EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$9,432,030ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$11,591,925NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$2,300,765OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12,080,864CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$22,387,601CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$21,421,797CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,884,007CurrentTaxYearMinus1YearAmt
Current Tax Year$24,110,148CurrentTaxYearAmt
Total$100,884,417TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12,080,864CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$22,387,601CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$21,421,797CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,884,007CurrentTaxYearMinus1YearAmt
Current Tax Year$24,110,148CurrentTaxYearAmt
Total$100,884,417TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$7,943,806SubstantialContributorsTotAmt
Public Support Total170$92,940,611PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,271,961CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,373,468CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$449,869CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$445,022CurrentTaxYearMinus1YearAmt
Current Tax Year$580,004CurrentTaxYearAmt
Total$4,120,324TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$681,949CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,337,604CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$49,736CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$27,524CurrentTaxYearMinus1YearAmt
Current Tax Year$47,265CurrentTaxYearAmt
Total$2,144,078TotalAmt
FieldValueIRS element (for citing)
Total Support$107,148,819TotalSupportAmt
Gross Receipts Rltd Activities$387,735,654GrossReceiptsRltdActivitiesAmt
Public Support CY1700.86740PublicSupportCY170Pct
Public Support PY1700.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Historic Land AreaYes (X)HistoricLandAreaInd
Historic StructureYes (X)HistoricStructureInd
Total Easements15TotalEasementsCnt
Total Acreage4.00TotalAcreageCnt
Historic Structure Easements8HistoricStructureEasementsCnt
Historic Strctr Easements Aftr4HistoricStrctrEasementsAftrCnt
States Easements Held1StatesEasementsHeldCnt
Written Policy MonitoringYes (true)WrittenPolicyMonitoringInd
Staff Hours Spent Enforcement2.00StaffHoursSpentEnforcementCnt
Section170h Rqr StsfdYes (true)Section170hRqrStsfdInd
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$217,575,352BeginningYearBalanceAmt
Contributions$8,253,377ContributionsAmt
Investment Earnings Or Losses$18,765,781InvestmentEarningsOrLossesAmt
Grants Or Scholarships$7,610,194GrantsOrScholarshipsAmt
Other Expenditures$4,830,024OtherExpendituresAmt
End Year Balance$232,154,292EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$198,135,420BeginningYearBalanceAmt
Contributions$9,559,010ContributionsAmt
Investment Earnings Or Losses$20,228,586InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,815,564GrantsOrScholarshipsAmt
Other Expenditures$4,532,100OtherExpendituresAmt
End Year Balance$217,575,352EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$204,240,520BeginningYearBalanceAmt
Contributions$11,635,309ContributionsAmt
Investment Earnings Or Losses-$7,682,919InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,771,738GrantsOrScholarshipsAmt
Other Expenditures$4,285,752OtherExpendituresAmt
End Year Balance$198,135,420EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$204,581,397BeginningYearBalanceAmt
Contributions$7,952,730ContributionsAmt
Investment Earnings Or Losses$1,130,615InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,553,576GrantsOrScholarshipsAmt
Other Expenditures$4,870,646OtherExpendituresAmt
End Year Balance$204,240,520EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$182,183,193BeginningYearBalanceAmt
Contributions$4,161,707ContributionsAmt
Investment Earnings Or Losses$26,903,405InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,207,371GrantsOrScholarshipsAmt
Other Expenditures$3,459,537OtherExpendituresAmt
End Year Balance$204,581,397EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.03400BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.64000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.32600TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$20,866,846OtherCostOrOtherBasisAmt
Book Value$20,866,846BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$215,755,852OtherCostOrOtherBasisAmt
Depreciation$82,273,648DepreciationAmt
Book Value$133,482,204BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,897,870OtherCostOrOtherBasisAmt
Depreciation$20,270,071DepreciationAmt
Book Value$7,627,799BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,893,897OtherCostOrOtherBasisAmt
Book Value$10,893,897BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$172,870,746TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
HEDGE FUNDS$45,367,197F
LIMITED PARTNERSHIPS$16,480,818F
REAL ESTATE$8,571,490F
FieldValueIRS element (for citing)
Total Book Value Securities$70,419,505TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
INTEREST RATE SWAP$5,223,490
FUNDS HELD FOR OTHERS$665,461
ANNUITIES PAYABLE$566,292
FieldValueIRS element (for citing)
Total Liability$6,455,243TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$94,986,729TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$11,591,925NetUnrealizedGainsInvstAmt
Other Revenue-$29,172,188OtherRevenueAmt
Revenue Not Reported-$17,580,263RevenueNotReportedAmt
Revenue Subtotal$112,566,992RevenueSubtotalAmt
Investment Expenses Not Incld$1,113,752InvestmentExpensesNotIncldAmt
Other Revenues Not Included$75,782OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,189,534RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$113,756,526TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$71,662,009TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$15,972OtherExpensesIncludedAmt
Expenses Not Reported$15,972ExpensesNotReportedAmt
Expenses Subtotal$71,646,037ExpensesSubtotalAmt
Investment Expenses Not Incld2$1,113,752InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$31,564,707OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$32,678,459ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$104,324,496TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
CONSERVATION EASEMENTSSchedule D, Part II, Line 9 WASHINGTON COLLEGE HAS NOT REPORTED EASEMENTS IN THE FINANCIAL STATEMENTS. TWO BUILDINGS WERE PURCHASED AND BOOKED AT COST AND THESE HAVE WRITTEN EASEMENTS ON THEM. NINE BUILDINGS FALL WITHIN THE CHESTERTOWN, MARYLAND HISTORIC DISTRICT, WHICH REGULATES THEIR EXTERIOR APPEARANCE. EIGHT OF THESE BUILDINGS ARE DEEMED HISTORICAL BY THE STATE OF MARYLAND AND EXTERIORS MUST BE APPROVED FOR MODIFICATIONS. HYNSON RINGGOLD HOUSE EASEMENTS INCLUDES THE INTERIOR MOLDINGS. HYNSON RINGGOLD AND CUSTOM HOUSE(S) EASEMENTS INCLUDE THE INTERIORS.
DESCRIPTION OF ORGANIZATION'S COLLECTIONSSchedule D, Part III, Line 4 WASHINGTON COLLEGE HOLDS A SIGNIFICANT PLACE IN THE HISTORY OF AMERICAN HIGHER EDUCATION. OUR HERITAGE AS THE FIRST COLLEGE OF THE NEW NATION LIVES TODAY IN OUR COMMITMENT TO EDUCATING CONFIDENT CITIZENS AND LEADERS CAPABLE OF ADVANCING THE DEMOCRATIC AND CIVIC TRADITIONS OF THE FOUNDING FATHERS. THE COLLEGE HAS NUMEROUS WORKS OF ART, MUSIC AND HISTORY THAT ARE USED OR VIEWED DAILY IN OUR COMMITMENT TO EDUCATION.
INTENDED USES OF ENDOWMENT FUNDSSchedule D, Part V, Line 4 THE ENDOWMENT FUND OF WASHINGTON COLLEGE IS INVESTED TO PROVIDE AN ANNUAL 5% (3 YR ROLLING AVERAGE) RETURN TO BE USED FOR SCHOLARSHIPS, BUILDING MAINTENANCE, PROGRAM ENHANCEMENTS, CHAIR SALARY SUPPLEMENTS, ATHLETIC SUPPORT, BOOKS, AND EDUCATIONAL PRIZES.
FIN 48 FOOTNOTE (ASC 740)SCHEDULE D, PART X, LINE 2 UNDER PROVISIONS OF THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE INCOME TAX REGULATIONS OF THE STATE OF MARYLAND, THE COLLEGE IS EXEMPT FROM TAXES ON INCOME, OTHER THAN UNRELATED BUSINESS INCOME. THE COLLEGE RECOGNIZES OR DERECOGNIZES A TAX POSITION BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COLLEGE DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS.
Supplemental Description - OtherSchedule D, Part XI, line 2d Change in value of split-interest agreements $28,740 Change in FMV of Interest Rate Swap $2,272,025 Grants, Scholarships, and Other Tuition discounts ($31,472,953) ----------- Total ($29,172,188) Schedule D, Part XI, line 4b Reclass of special event expenses ($15,972) Bad Debt Offset Against income $58,861 SEOG Match Offset $32,893 ----------- Total $75,782 Schedule D, Part XII, line 2d Reclass of special event expenses $15,972 Schedule D, Part XII, line 4b Grants, scholarships, and other tuition discounts $31,472,953 Bad Debt Offset Against Income $58,861 SEOG Match Offset $32,893 ----------- Total $31,564,707

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICYSchedule E, Part I, Line 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PROVIDED IN THE STUDENT HANDBOOK, THE FACULTY HANDBOOK, THE STAFF HANDBOOK, THE COLLEGE CATALOG, AND ON THE COLLEGE'S WEBSITE.
GOVERNMENT ASSISTANCESchedule E, Part I, Line 6a The college receives annual grants from federal, state and local agencies.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)Grantmaking$287,387
East Asia and the PacificGrantmaking$438,408
Middle East and North AfricaGrantmaking$184,480
South AmericaGrantmaking$253,792
South AsiaGrantmaking$266,574
North AmericaGrantmaking$42,304
FieldValueIRS element (for citing)
Subtotal Spent$1,472,945SubtotalSpentAmt
Total Spent$1,472,945TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (6 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
Grants and ScholarshipsEurope (Including Iceland and Greenland)9$287,387acct. credit
Grants and ScholarshipsEast Asia and the Pacific31$438,408acct. credit
Grants and ScholarshipsMiddle East and North Africa7$184,480acct. credit
Grants and ScholarshipsSouth America8$253,792acct. credit
Grants and ScholarshipsSouth Asia13$266,574acct. credit
Grants and ScholarshipsNorth America3$42,304acct. credit
FieldValueIRS element (for citing)
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePROCEDURE FOR MONITORING USE OF GRANT FUNDS OUTSIDE U.S.FormAndLineReferenceDesc
ExplanationSchedule F, Part I, Line 2 WASHINGTON COLLEGE AWARDED $31,472,952 IN SCHOLARSHIPS FOR 6/30/18. WASHINGTON COLLEGE OFFERS SEVERAL TYPES OF FINANCIAL AID TO HELP QUALIFIED FULL-TIME UNDERGRADUATE STUDENTS MEET THEIR COLLEGE EXPENSES. COLLEGE-SPONSORED TUITION SCHOLARSHIPS, TUITION GRANTS, AND WORK/STUDY ARE AVAILABLE TO FULL-TIME UNDERGRADUATE STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND WHO MEET THE COLLEGE'S ADMISSION CRITERIA. IN ADDITION TO COLLEGE-SPONSORED FINANCIAL AID, ELIGIBLE STUDENTS CAN RECEIVE ASSISTANCE FROM FEDERAL, STATE, AND INDEPENDENT AID PROGRAMS. GRANT AND SCHOLARSHIP ASSISTANCE FROM ALL SOURCES IS FIRST APPLIED TO FULL-TIME TUITION CHARGES. GRANT AND SCHOLARSHIP ASSISTANCE IN EXCESS OF TUITION IS THEN APPLIED TO DIRECT COLLEGE CHARGES FOR FEES, AND ON CAMPUS ROOM AND BOARD. THE FEDERAL GOVERNMENT MAKES FFELP FUNDS AVAILABLE TO UNDERGRADUATE STUDENTS TO ATTEND POST-SECONDARY INSTITUTIONS. ELIGIBILITY IS BASED ON FINANCIAL NEED, AND APPLICATION IS THROUGH THE NORMAL FINANCIAL AID APPLICATION PROCESS OF WASHINGTON COLLEGE.ExplanationTxt

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

FieldValueIRS element (for citing)
PersonEABPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 603519AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28260ZIPCd
FieldValueIRS element (for citing)
ActivityMailings and callsActivityTxt
Fundraiser Control Of FundsfalseFundraiserControlOfFundsInd
Gross Receipts$60,760GrossReceiptsAmt
Retained By Contractor$21,852RetainedByContractorAmt
Net To Organization$38,908NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$60,760TotalGrossReceiptsAmt
Total Retained By Contractors$21,852TotalRetainedByContractorsAmt
Total Net To Organization$38,908TotalNetToOrganizationAmt
Licensed StatesMDLicensedStatesCd
Licensed StatesNVLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesVALicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Men's B-ballEvent1Nm
Gross Receipts Event1$12,425GrossReceiptsEvent1Amt
Gross Revenue Event1$12,425GrossRevenueEvent1Amt
Event2Women's SballEvent2Nm
Gross Receipts Event2$11,597GrossReceiptsEvent2Amt
Gross Revenue Event2$11,597GrossRevenueEvent2Amt
Other Direct Expenses Event2$32OtherDirectExpensesEvent2Amt
Other Events Total7OtherEventsTotalCnt
Gross Receipts Other Events$23,243GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$23,243GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$31,621OthDirectExpnssOtherEventsAmt
Gross Receipts Total$47,265GrossReceiptsTotalAmt
Gross Revenue Total Events$47,265GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$31,653OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$31,653DirectExpenseSummaryEventsAmt
Net Income Summary$15,612NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
Employee Waivers48$1,223,061
Grants and Scholarships1025$28,776,946

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S.FormAndLineReferenceDesc
ExplanationSchedule I, Part I, Line 2 WASHINGTON COLLEGE AWARDED $31,472,952 IN SCHOLARSHIPS FOR 6/30/18. WASHINGTON COLLEGE OFFERS SEVERAL TYPES OF FINANCIAL AID TO HELP QUALIFIED FULL-TIME UNDERGRADUATE STUDENTS MEET THEIR COLLEGE EXPENSES. COLLEGE-SPONSORED TUITION SCHOLARSHIPS, TUITION GRANTS, AND WORK/STUDY ARE AVAILABLE TO FULL-TIME UNDERGRADUATE STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND WHO MEET THE COLLEGE'S ADMISSION CRITERIA. IN ADDITION TO COLLEGE-SPONSORED FINANCIAL AID, ELIGIBLE STUDENTS CAN RECEIVE ASSISTANCE FROM FEDERAL, STATE, AND INDEPENDENT AID PROGRAMS. GRANT AND SCHOLARSHIP ASSISTANCE FROM ALL SOURCES IS FIRST APPLIED TO FULL-TIME TUITION CHARGES. GRANT AND SCHOLARSHIP ASSISTANCE IN EXCESS OF TUITION IS THEN APPLIED TO DIRECT COLLEGE CHARGES FOR FEES, AND ON CAMPUS ROOM AND BOARD. THE FEDERAL GOVERNMENT MAKES FFELP FUNDS AVAILABLE TO UNDERGRADUATE STUDENTS TO ATTEND POST-SECONDARY INSTITUTIONS. ELIGIBILITY IS BASED ON FINANCIAL NEED, AND APPLICATION IS THROUGH THE NORMAL FINANCIAL AID APPLICATION PROCESS OF WASHINGTON COLLEGE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionYes (true)InitialContractExceptionInd
Rebuttable Presumption ProcYes (true)RebuttablePresumptionProcInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Sheila Bair
President - end 6/30/17$234,601$0$0$0$204,000$0$13,696$0$43,133$0$495,430$0$0$0
Joseph L Holt
Chief of Staff & VP Finance$96,267$0$0$0$811$0$7,220$0$7,513$0$111,811$0$0$0
Rahel Rosner
VP Fin & Admin - End 6/1/18$200,708$0$50,000$0$25,050$0$14,101$0$12,911$0$302,770$0$0$0
Patrice DiQuinzio
Provost$156,477$0$0$0$2,000$0$11,736$0$9,746$0$179,959$0$0$0
Sarah Feyerherm
VP Student Affairs$145,750$0$0$0$100$0$10,931$0$8,263$0$165,044$0$0$0
Andrea Triscuizzi
VP of Advancement$246,871$0$20,000$0$55,821$0$18,515$0$17,001$0$358,208$0$0$0
Scott Greatorex
Assoc VP of Advancement$121,015$0$0$0$20,906$0$9,076$0$27,719$0$178,716$0$0$0
John L Seidel
Director of Enviro Studies$164,581$0$0$0$6,000$0$12,344$0$11,097$0$194,022$0$0$0
Robert Cowdrey
CIO$138,865$0$0$0$0$0$10,335$0$11,028$0$160,228$0$0$0
Penelope L Farley
Asst VP Finance & Controller$131,918$0$0$0$13,150$0$9,894$0$648$0$155,610$0$0$0
Valerie RiChard
Assoc VP of Facilities$131,100$0$15,000$0$0$0$9,833$0$6,668$0$162,601$0$0$0
Kurt Landgraf
president/member as of 6/30/17$233,846$0$0$0$4,500$0$17,539$0$4,083$0$259,968$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Compensation InformationSchedule J, Part I, line 1a HOUSING ALLOWANCE OR RESIDENCE THE PRESIDENT OF WASHINGTON COLLEGE IS PROVIDED HOUSING AS A CONDITION OF HIS/HER EMPLOYMENT. A HOUSE IS PROVIDED ON CAMPUS FOR THE CONVENIENCE OF THE COLLEGE TO ENABLE THE PRESIDENT TO RESPOND TO EMERGENT SITUATIONS 24/7. TRAVEL FOR COMPANIONS THE PRESIDENT'S HUSBAND IS EXPECTED TO JOIN THE PRESIDENT ON BONA FIDE COLLEGE BUSINESS AND OTHER PURPOSES FOR THE BENEFIT OF THE COLLEGE ON OCCASION. THE COLLEGE RECOGNIZES THIS IS A BENEFIT TO THE BUSINESS AND WILL COVER THOSE QUALIFIED EXPENSES in the rare times that this type of business trip is required. TAX INDEMNIFICATION AND GROSS-UPS PAYMENTS CERTAIN OFFICERS OF WASHINGTON COLLEGE RECEIVE MINOR TAX GROSS-UP PAYMENTS, AMOUNTS OF WHICH ARE INCLUDED AS TAXABLE COMPENSATION AND DISCLOSED IN COLUMN B (III). HEALTH OR SOCIAL CLUB DUES THE PRESIDENT OF WASHINGTON COLLEGE IS REIMBURSED THE COST OF SOCIAL CLUB DUES. TO THE EXTENT THAT THE PRESIDENT USES THE CLUB FOR PERSONAL PURPOSES, THE VALUE OF THE BENEFIT IS INCLUDED IN HIS/HER TAXABLE INCOME. PERSONAL SERVICES THE PRESIDENT OF THE COLLEGE RECEIVED NOMINAL HOUSEKEEPING AND CHAUFFER SERVICES. THE PERSONAL SERVICES ARE PROVIDED AS A BUSINESS NEED. HOUSEKEEPING SERVICES ARE FOR CLEANING THE COMMON AREAS USED FOR COLLEGE BUSINESS ONLY. THE CHAUFFER SERVICES ARE PROVIDED ONLY DURING BUSINESS HOURS TO ALLOW THE PRESIDENT TO WORK ELECTRONICALLY WHILE TRAVELING, though Such instances are not common.
SeveranceSCHEDULE J, PART I, LINE 4A During the year Washington College entered into a voluntary separation agreement with an employee listed on Part VII of Form 990. Due to the confidentiality agreement that was part of such separation we are unable to disclose the name of the employee. The amount paid was included in taxable compensation.
Initial Contract ExceptionSchedule J, Part I, Line 8 The President for the organization has an employment contract which meets the initial contract requirements of Treas. Reg. 53.4958-4T(a)(3). Further, the organizations board took steps to ensure that it followed proper procedures to establish the rebuttable presumption of reasonableness on all compensation paid to him.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
TOWN OF CHESTERTOWN MARYLAND
A5260007832013-07-30$57,684,000REFUND 2009 AND 2010 BONDSfalseYes (true)false
TOWN OF CHESTERTOWN MARYLAND
B5260007832015-11-24$20,206,000Capital ConstructionfalseYes (true)false

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$9,724,000$0$57,684,000$0$0$0$369,000$0$0$0$57,315,000$0Yes (true)falseYes (true)Yes (true)
B$825,000$0$20,206,000$0$0$0$208,134$0$0$19,997,866$0$0falsefalseYes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalsefalseYes (true)Yes (true)false00.032600.03260falsefalsefalseYes (true)
BfalsefalseYes (true)Yes (true)false0falsefalsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
RBCPNC
AfalseYes (true)Yes (true)Yes (true)25.falsefalsefalse0falseYes (true)
0
BfalseYes (true)falsefalsefalse0falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$70,050NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarketMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Art Historical TreasuresArtHistoricalTreasuresGrp
Art Fractional InterestArtFractionalInterestGrp
Books And PublicationsBooksAndPublicationsGrp
Clothing And Household GoodsClothingAndHouseholdGoodsGrp
Cars And Other VehiclesCarsAndOtherVehiclesGrp

Boats And Planes BoatsAndPlanesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$22,500NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarketMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Intellectual PropertyIntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution33ContributionCnt
Noncash Contributions Rpt F990$2,782,635NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarketMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp

Securities Miscellaneous SecuritiesMiscellaneousGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$41,874NoncashContributionsRptF990Amt
Method Of Determining RevenuesAnnuityMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp
Real Estate OtherRealEstateOtherGrp
CollectiblesCollectiblesGrp
Food InventoryFoodInventoryGrp
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescGift CertificateDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$500NoncashContributionsRptF990Amt
Method Of Determining RevenuesCash valueMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received2Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (true)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Number of ContributionsSchedule M, Part I, Column (B) The organization is reporting the number of contributions in column (B).
Third Party Assistance of Non-Cash ContributionsSCHEDULE M, PART I, LINE 32A To the extent that Washington College receives donations of securities, various third party brokers are tasked with selling these securities.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
WRITTEN POLICIES FOR CHAPTERS, BRANCHES, OR AFFILIATESForm 990, Part VI, Line 10b WASHINGTON COLLEGE CURRENTLY HAS TEN ACTIVE ALUMNI CHAPTERS OPERATING THROUGHOUT THE U.S. AND ACTIVELY SEEKS NEW GEOGRAPHIC AREAS OF INTEREST. THESE CHAPTERS ARE ORGANIZED AND SUPPORTED BY THE ALUMNI RELATIONS AND ANNUAL GIVING OFFICE STAFF IN ORDER TO STRENGTHEN CONNECTIONS BETWEEN ALUMNI AND WITH THE COLLEGE. ALUMNI CHAPTERS HAVE AT LEAST ONE ANNUAL GATHERING FACILITATED BY VOLUNTEERS AND STAFF WHICH IS TYPICALLY FUNDED BY THE COLLEGE'S OPERATING BUDGET. ADDITIONALLY, CHAPTERS MAY CHOOSE TO PARTAKE IN FUNDRAISING THAT BENEFITS THE COLLEGE'S MISSION AND SUPPORTS ITS APPROVED PRIORITIES. ALL FUNDRAISING EFFORTS FLOW THROUGH THE OFFICE OF COLLEGE ADVANCEMENT.
FORM 990 REVIEW PROCESSForm 990, Part VI, Line 11b MANAGEMENT REVIEWS THE DRAFT OF THE 990 FOR ACCURACY AND RECONCILEMENT TO THE AUDITED FINANCIAL STATEMENTS. ONCE THIS REVIEW IS FINAL, A DRAFT COPY OF THE 990 IS PROVIDED TO THE CHAIRMAN OF THE BOARD AND THE AUDIT COMMITTEE CHAIRMAN FOR REVIEW AND COMMENTS FOR A 7 DAY PERIOD. A COPY OF THE DRAFT FORM 990 IS ALSO CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER IS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990. AFTER APPROVAL OF THE 990, THE TAX PREPARER IS NOTIFIED TO FINALIZE THE RETURN FOR FILING. A FINAL 990 PRESENTATION SUMMARY IS PRESENTED TO ALL THE BOARD MEMBERS.
CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENTForm 990, Part VI, Line 12c ALL COVERED PERSONS SHALL DISCLOSE IN WRITING ANY POSSIBLE CONFLICT OF INTEREST WITH REGARD TO A PROPOSED TRANSACTION OR ARRANGEMENT, AS WELL AS ALL MATERIAL FACTS RELATED THERETO, TO THE BOARD AND TO THE APPROPRIATE BOARD COMMITTEE, IF ANY, AT THE EARLIEST PRACTICAL TIME. AFTER A POSSIBLE CONFLICT OF INTEREST HAS BEEN DISCLOSED, THE BOARD OR COMMITTEE SHALL DISCUSS AND, IF NECESSARY, INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. ULTIMATELY, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE COLLEGE CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST AND, IF SUCH ALTERNATIVE TRANSACTION OR ARRANGEMENT IS NOT FEASIBLE, WHETHER THE PROPOSED TRANSACTION OR ARRANGEMENT IS IN THE COLLEGE'S BEST INTEREST AND WILL NOT COMPROMISE OR HAVE THE APPEARANCE OF COMPROMISING THE COLLEGE'S ACADEMIC AND FISCAL INTEGRITY. THE INTERESTED PERSON SHALL REFRAIN FROM PARTICIPATING IN THE DISCUSSION CONCERNING (AND FROM VOTING ON) THE ISSUE THAT PRESENTS THE CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST, AND MAY BE ASKED TO LEAVE THE MEETING DURING DISCUSSION OF AND/OR THE VOTE ON THE ISSUE.
PROCESS FOR DETERMINING COMPENSATIONFORM 990, PART VI, LINES 15A AND 15B SINCE THE 1980'S, WASHINGTON COLLEGE HAS PURSUED A BOARD-AUTHORIZED ASPIRATION TO COMPENSATE FACULTY, ON AVERAGE, AT THE ALL-RANKS AVERAGE OF INSTITUTIONS WITH A CARNEGIE CLASSIFICATION OF IIB (PRIVATE, INDEPENDENT). IN 2012 THE BOARD REVISED THE GOAL TO COMPENSATE FACULTY ON A RANK BY RANK AVERAGE OF PRIVATE INDEPENDENT COLLEGES. A SIMILAR STANDARD FOR STAFF WAS DEVELOPED IN 2007 IN PARTNERSHIP WITH WATSON WYATT. ALSO IN 2012, THE COLLEGE PARTNERED WITH SIBSON TO CONDUCT A MARKET SALARY ANALYSIS OF ALL STAFF POSITIONS. AS A RESULT WE HAVE ADOPTED AND IMPLEMENTED A REVISED MARKET BASED STAFF SALARY STRUCTURE WHICH HAS 15 PAY LEVELS AND APPLIES TO BOTH EXEMPT AND NON EXEMPT STAFF. WASHINGTON COLLEGE HAS REVISED IT COMPENSATION PHILOSOPHY TO READ AS FOLLOWS: WASHINGTON COLLEGE PROVIDES EMPLOYEES WITH A TOTAL COMPENSATION PACKAGE, COMPRISED OF BOTH SALARY AND BENEFITS, THAT RECOGNIZES AND REWARDS PERFORMANCE AND PRODUCTIVITY WHILE MAINTAINING A COMPETITIVE MARKET POSITION AND INTERNAL EQUITY. IN SUPPORT OF THE COLLEGE'S MISSION WE ENDEAVOR TO PROVIDE A LEVEL OF COMPENSATION, BOTH CASH AND BENEFITS, TO ATTRACT, MOTIVATE AND RETAIN THE QUALITY OF WORKFORCE NECESSARY FOR THE ACHIEVEMENT OF THE COLLEGE'S GOALS. THE COMPENSATION PROGRAM SHALL BE CONSISTENT, RESPONSIVE, TRANSPARENT, AND EQUITABLE. THE COLLEGE IS COMMITTED TO A MERITOCRACY. OUR PERFORMANCE MANAGEMENT PROGRAM IS DESIGNED TO INCREASE THE PERSONAL AND PROFESSIONAL EFFECTIVENESS OF OUR STAFF INCLUDING PROVIDING STAFF WITH CLEAR PERFORMANCE EXPECTATIONS AND DEVELOPMENTAL OPPORTUNITIES. WE PROVIDE LEADERS WITH THE TOOLS AND TRAINING TO ENABLE THEM TO BUILD EFFECTIVE TEAMS AND LEAD SUCCESSFULLY INCLUDING COACHING PERFORMANCE AND MAKING SOUND COMPENSATION DECISIONS. THE PHILOSOPHY IS ACCOMPLISHED BY MAINTAINING ACCURATE JOB DESCRIPTIONS ON ALL POSITIONS AND BENCHMARKING JOBS AGAINST COMPARABLE POSITIONS IN THE MARKET. MARKET DATA IS DEVELOPED FROM NATIONAL DATA BASES, CUPA-HR SURVEYS AND LOCAL MARKET SURVEYS. DECISIONS REGARDING COMPENSATION PROGRAMS AND INDIVIDUAL PAY DECISIONS WILL BE MADE BASED ON THE ABOVE OBJECTIVES AS WELL AS THE COLLEGE'S FINANCIAL SITUATION. EACH SPRING, THE CHIEF OF STAFF PREPARES AN ANALYSIS OF COMPENSATION PROVIDED TO COMPETITOR IIB COLLEGE PRESIDENTS USING DATA ANALYSIS CONDUCTED BY THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA-HR). THE RESULTING SPREADSHEET IS PROVIDED TO THE VICE-CHAIR, ALONG WITH THE EXECUTIVE MARKET-BASED LEVEL RANGE, TO INFORM ANY PAY ADJUSTMENT RECOMMENDATION THAT MIGHT EMERGE FROM THE SUBCOMMITTEE'S ANNUAL ASSESSMENT OF THE PRESIDENT'S PERFORMANCE. THE REPORT OF THE SUBCOMMITTEE, ALONG WITH ANY PAY ADJUSTMENT RECOMMENDATION, IS PRESENTED TO THE FULL BOARD OF VISITORS AND GOVERNORS FOR REVIEW AND APPROVAL IN EXECUTIVE SESSION. ANY DECISION BY THE BOARD OF VISITORS AND GOVERNORS IS RECORDED IN THE MINUTES OF THAT MEETING.
HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLICForm 990, Part VI, Line 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
Change in Net Assets and Fund BalancesFORM 990, PART IX, LINE 9 CHANGE IN FAIR MARKET VALUE OF INTEREST RATE SWAP $2,272,025 Change in value of split interest agreements $28,740 ----------- Total $2,300,765

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
WC WATER LLC
300 WASHINGTON STREETCHESTERTOWNMD21620270886807REAL ESTATEMD$0$0WC
CHESTERTOWN RESIDENTIAL LLC
300 WASHINGTON STCHESTERTOWNMD21620264539355REAL ESTATEMD$0$0WC