2019-05-14T12:54:40-05:00 2018-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2017-07-01 010215213 BOWDOIN COLLEGE % LISA GAUTHIER BOWD 2077253960 5400 COLLEGE STATION BRUNSWICK ME 040118445 LISA ROUX GAUTHIER controller 2077253804 2019-05-13 true TARA D'AGOSTINO P01245482 6179881000 2019-05-13 167.68.102.5 04502320191345000016 2019-05-14 P 9C37FB02EE77A6FF00EC66693955615721E3AD8A 9C37FB02EE77A6FF00EC66693955615721E3AD8A 2017 2019-02-21 02:37:17Z CLAYTON ROSE 5400 COLLEGE STATION BRUNSWICK ME 040118445 594153000 false X WWW.BOWDOIN.EDU X 1794 ME FOUR-YEAR PRIVATE UNDERGRADUATE LIBERAL ARTS COLLEGE. SEE SCHEDULE O 42 40 3104 2230 -5215000 -5765723 40302000 27833000 117729000 123582000 73349000 85577000 809000 792000 232189000 237784000 36865000 40396000 0 0 98677000 103270000 0 57000 6778000 65036000 68383000 200578000 212106000 31611000 25678000 2036597000 2201155000 407738000 398050000 1628859000 1803105000 X *SEE SCHEDULE O* false false 179123000 40396000 124381000 THE ON-CAMPUS STUDENT BODY NUMBERS APPROXIMATELY 1,801. AN ESTIMATED 155 STUDENTS STUDY AWAY ANNUALLY; 94% COMPLETE THE DEGREE WITHIN FIVE YEARS; THE STUDENT/FACULTY RATIO IS 9:1; 99% OF FACULTY HAS A PH.D. OR EQUIVALENT. AS OF JUNE 2018, 40,430 STUDENTS HAVE MATRICULATED AT BOWDOIN COLLEGE, AND 32,094 DEGREES IN ACADEMIC PROGRAMS HAVE BEEN AWARDED. 179123000 true true false true false false false true true true true true false false true true true false true true true false true true true false false true true true true false true false false false false true false true false true true false false true true true true false false true 539 0 true 3104 true true true true UK false false false true true false false false false X 42 40 false false false false false false false true true false false false true true true true true true true false X X LISA GAUTHIER 2077253960 5400 COLLEGE STATION BRUNSWICK ME 040118445 MICHELE G CYR CHAIR 8.0 0.0 X X 0 0 0 GREGORY E KERR VICE CHAIR 8.0 0.0 X X 0 0 0 SYDNEY ASBURY TRUSTEE 4.0 0.0 X 0 0 0 DEBORAH JENSEN BARKER TRUSTEE 4.0 0.0 X 0 0 0 PETER J BERNARD TRUSTEE 4.0 0.0 X 0 0 0 ARTHUR E BLACK TRUSTEE 4.0 0.0 X 0 0 0 RONALD C BRADY TRUSTEE 4.0 0.0 X 0 0 0 DAVID G BROWN TRUSTEE 4.0 0.0 X 0 0 0 ELLEN L CHAN TRUSTEE 4.0 0.0 X 0 0 0 LEONARD W COTTON TRUSTEE 4.0 0.0 X 0 0 0 IRIS W DAVIS TRUSTEE 4.0 0.0 X 0 0 0 JEFF D EMERSON TRUSTEE 4.0 0.0 X 0 0 0 JOHN F FISH TRUSTEE 4.0 0.0 X 0 0 0 ROBERT T FRIEDMAN TRUSTEE 4.0 0.0 X 0 0 0 BERTRAND GARCIA-MORENO TRUSTEE 4.0 0.0 X 0 0 0 DONALD A GOLDSMITH TRUSTEE 4.0 0.0 X 0 0 0 STEPHEN F GORMLEY TRUSTEE 4.0 0.0 X 0 0 0 SHELLEY A HEARNE TRUSTEE 4.0 0.0 X 0 0 0 BRADFORD A HUNTER TRUSTEE 4.0 0.0 X 0 0 0 TASHA VANDERLINDE IRVING TRUSTEE 4.0 0.0 X 0 0 0 ANN HAMBELTON KENYON TRUSTEE 4.0 0.0 X 0 0 0 GEORGE A KHALDUN TRUSTEE 4.0 0.0 X 0 0 0 JOSEPH V MCDEVITT JR TRUSTEE 4.0 0.0 X 0 0 0 JOHN F MCQUILLAN JR TRUSTEE 4.0 0.0 X 0 0 0 HENRY T A MONIZ TRUSTEE 4.0 0.0 X 0 0 0 DAVID A MORALES TRUSTEE 4.0 0.0 X 0 0 0 SCOTT B PERPER TRUSTEE 4.0 0.0 X 0 0 0 KATHLEEN K PHILLIPS-LOHRMANN TRUSTEE 4.0 0.0 X 0 0 0 JANE L PINCHIN TRUSTEE 4.0 0.0 X 0 0 0 MARY HOGAN PREUSSE TRUSTEE 4.0 0.0 X 0 0 0 LINDA HORVITZ ROTH TRUSTEE 4.0 0.0 X 0 0 0 DAVID J ROUX TRUSTEE 4.0 0.0 X 0 0 0 ALISON E RUNDLETT TRUSTEE 4.0 0.0 X 0 0 0 JOAN BENOIT SAMUELSON TRUSTEE 4.0 0.0 X 0 0 0 ANDREW E SERWER TRUSTEE 4.0 0.0 X 0 0 0 MARY TYDINGS SMITH TRUSTEE 4.0 0.0 X 0 0 0 JAMES E STALEY TRUSTEE 4.0 0.0 X 0 0 0 JOHN K L THORNDIKE TRUSTEE 4.0 0.0 X 0 0 0 KAREN N WALKER TRUSTEE 4.0 0.0 X 0 0 0 PAULA M WARDYNSKI TRUSTEE 4.0 0.0 X 0 0 0 DAVID P WHEELER TRUSTEE 4.0 0.0 X 0 0 0 ROBERT F WHITE TRUSTEE 4.0 0.0 X 0 0 0 CLAYTON ROSE PRESIDENT 40.0 0.0 X X 477861 0 80731 MATTHEW ORLANDO SVP FINANCE & ADMIN/TREASURER 40.0 0.0 X 307769 0 62680 ELIZABETH MCCORMACK DEAN FOR ACADEMIC AFFAIRS 40.0 0.0 X 195957 0 6544 PAULA VOLENT SVP FOR INVESTMENTS 40.0 0.0 X 2760071 0 70076 SCOTT MEIKLEJOHN SVP FOR DVT & ALUMNI RELATIONS 40.0 0.0 X 324642 0 55436 TIMOTHY FOSTER DEAN OF STUDENT AFFAIRS 40.0 0.0 X 224532 0 66737 JENNIFER SCANLON INTERIM DEAN ACADEMIC AFFAIRS 40.0 0.0 X 264186 0 72363 E WHITNEY SOULE DEAN OF ADMISSIONS/STUDENT AID 40.0 0.0 X 213422 0 53741 SCOTT HOOD SVP COMM & PUBLIC AFFAIRS 40.0 0.0 X 225738 0 47290 SARA ORR DIRECTOR OF PRIVATE EQUITY 40.0 0.0 X 380710 0 61192 STEVEN BLANC VP, INTERIM CO-HEAD OF IT 40.0 0.0 X 205923 0 30854 ABBIE BROWN VP, INTERIM CO-HEAD OF IT 40.0 0.0 X 213990 0 48901 ELIZABETH ORLIC VP & ASSISTANT TO PRESIDENT 40.0 0.0 X 202715 0 52589 PAMELA TORREY DIRECTOR OF PARENT GIVING 40.0 0.0 X 227522 0 135380 MITCHEL DAVIS FMR CHIEF INFORMATION OFFICER 40.0 0.0 X 138919 0 35700 6363957 0 880214 156 true true false Burton F Clark Inc PO Box 427 Delhi NY 13753 Const. Services 2434824 Zachau CONSTRUCTION Inc 1185 US Route One PO Box J Freeport ME 04032 Const. Services 1359806 Warren Construction PO Box 362 South Freeport ME 04078 Const. Services 861578 Cambridge Seven Associates Inc 1050 Massachusetts Ave Cambridge MA 02138 Architecture 712308 EBSCO Information Services PO Box 204661 Dallas TX 75320 Library Services 681886 45 31000 61000 3282000 24459000 1601000 27833000 TUITION AND FEES 611710 93342000 93342000 ROOM AND BOARD 611710 23757000 23757000 AUXILIARY ENTERPRISES 611710 4819000 4658000 161000 APPLICATION FEES 611710 167000 167000 OFF-CAMPUS STUDY 611710 293000 293000 1204000 1204000 123582000 7368000 -7527000 14895000 0 5000 5000 32000 32000 0 32000 32000 434529000 356014000 306000 78515000 -306000 78209000 2151000 76058000 37000 61000 49000 -12000 -12000 0 0 0 0 0 0 REUNION WEEKEND 611710 258000 258000 OTHER REVENUE 611710 509000 509000 767000 237784000 124220000 -5215000 90946000 287000 287000 39684000 39684000 425000 425000 0 5760000 1611000 3707000 442000 329000 242000 87000 74869000 62380000 8732000 3757000 7659000 6275000 963000 421000 9202000 7724000 1020000 458000 5451000 4384000 754000 313000 0 658000 658000 330000 330000 20500 20500 57000 57000 1033000 1033000 5852000 4238000 1403000 211000 102000 100000 2000 5037000 3883000 652000 502000 4310000 2905000 1400000 5000 0 5723000 4612000 1110000 1000 4454000 3724000 422000 308000 0 1049000 733000 141000 175000 14238000 13526000 712000 0 12757000 10843000 1914000 865000 761000 104000 PURCHASES FOR RESALE 3749000 3749000 LIBRARY MATERIALS 2996000 2996000 FACILITIES MAINT. AND REPAIR 2571000 2442000 129000 EQP RENTAL, MAINT, REPAIR 1003000 894000 108000 1000 1635500 947000 648500 40000 212106000 179123000 26205000 6778000 0 0 63582000 28008000 27779000 19482000 1471000 1899000 0 0 0 0 3766000 3344000 1388000 1402000 4527000 4616000 438640000 171129000 257118000 267511000 62915000 70208000 1596955000 1787098000 0 0 0 0 17096000 17587000 2036597000 2201155000 20875000 21111000 2920000 2438000 1563000 1243000 117398000 119573000 611000 17000 0 0 32975000 23715000 0 0 231396000 229953000 407738000 398050000 X 234041000 257557000 869487000 1014430000 525331000 531118000 1628859000 1803105000 2036597000 2201155000 X 25678000 150242000 -1674000 X false true X true true true X 44907000 61200000 32713000 40302000 27833000 206955000 0 0 44907000 61200000 32713000 40302000 27833000 206955000 20678798 186276202 13692000 13153000 12306000 14093000 14932000 68176000 1247000 1247000 7000 40000 40000 35000 37000 159000 276537000 578063000 0.67360 0.65894 X false false false false false false false false true 20500 20500 false LOBBYING ACTIVITIES PART II-B, LINE 1I THE ORGANIZATION PAYS MEMBERSHIP DUES TO ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. X X X X false false true X 1455909000 16533000 225572000 28788000 34453000 6608000 1628165000 1339981000 16132000 163263000 25996000 31308000 6163000 1455909000 1392760000 21497000 -19070000 22736000 27236000 5234000 1339981000 1216030000 49184000 176205000 20423000 24768000 3468000 1392760000 1038640000 24142000 198297000 18135000 23423000 3491000 1216030000 0.08300 0.31100 0.60600 false false 0 5650000 5650000 0 355393000 129567000 225826000 0 1242000 607000 635000 41931000 32886000 9045000 34424000 8069000 26355000 267511000 FIXED INCOME 37943000 F EQUITIES 405497000 F ABSOLUTE RETURN 638642000 F ALTERNATIVE INVESTMENTS 705016000 F 1787098000 0 LIABILITY: POST-RETIREMENT BEN 16749000 ASSET RETIREMENT OBLIGATION 1455000 LIABILITY FOR PV OF LIFE INCOM 15517000 FAIR VALUE OF INTEREST RATE SW 5052000 TAXABLE BOND LIABILITIES 191180000 229953000 X 379793000 150242000 -1674000 148568000 231225000 6608000 -49000 6559000 237784000 205547000 49000 49000 205498000 6608000 6608000 212106000 ORGANIZATIONS MAINTAINING COLLECTIONS PART III, LINE 1A THE COLLEGE DOES NOT CAPITALIZE COLLECTIONS, PRIMARILY ART OBJECTS, AS THEY ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FINANCIAL GAIN. PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTION. ORGANIZATION'S COLLECTIONS PART III, LINE 4 COLLEGE COLLECTIONS ARE PRIMARILY ART OBJECTS HELD FOR PUBLIC EXHIBITION AND EDUCATION. CUSTODIAL ACCOUNTS PART IV, LINE 2B THE COLLEGE HOLDS $17,000 OF SECURITY DEPOSITS ON ITS RENTAL PROPERTIES. ENDOWMENT FUNDS PART V, LINE 4 THE COLLEGE'S ENDOWMENT IS INVESTED WITH THE INTENT OF BALANCING THE GOALS OF GENERATING A STEADY, STABLE STREAM OF FUNDS TO SUPPORT THE CURRENT OPERATIONS OF THE COLLEGE WHILE PRESERVING THE PURCHASING POWER OF THE ENDOWMENT TO SUPPORT PROGRAMS AND INITIATIVES FOR FUTURE GENERATIONS OF BOWDOIN STUDENTS. THE TOP FOUR USES OF THE ENDOWMENT FOR FY 2018 WERE AS FOLLOWS: FINANCIAL AID 48%; FACULTY COMPENSATION, ACADEMIC PROGRAMS AND RESEARCH 20%; GENERAL OPERATIONS 18%; LIBRARY AND MUSEUM PROGRAM SUPPORT 6.2%. FIN 48 (ASC 740) FOOTNOTE PART X, LINE 2 THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AND IS GENERALLY EXEMPT FROM INCOME TAXES AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. THE COLLEGE ASSESSES UNCERTAIN TAX POSITIONS AND HAS DETERMINED THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. OTHER REVENUE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XI, LINE 2D NET UNREALIZED GAIN ON INTEREST RATE SWAP $1,470,000 POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST ($676,000) NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS $75,000 GAIN ON ASSET RETIREMENT OBLIGATION $10,000 LOSS ON ADVANCE REFUNDING ($1,610,000) UNAMORTIZED BOND ISSUE DISCOUNTS/COSTS ($589,000) UNCOLLECTIBLE PLEDGES ($354,000) ---------- TOTAL ($1,674,000) OTHER REVENUE INCLUDED ON FORM 990 NOT IN F/S PART XI, LINE 4B DIRECT EXPENSES FOR FUNDRAISING EVENTS ($49,000) OTHER EXPENSE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 PART XII, LINE 2D DIRECT EXPENSES FOR FUNDRAISING EVENTS $49,000 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY PART I, LINE 3 THE ACADEMIC HANDBOOK CONTAINS A STATEMENT OF BOWDOIN COLLEGE'S NON-DISCRIMINATION POLICY. THE ACADEMIC HANDBOOK IS PUBLISHED ONLINE AT THE COLLEGE'S WEBSITE - WWW.BOWDOIN.EDU/ACADEMIC-HANDBOOK. EXPLANATION OF GOVERNMENT FINANCIAL AID PART I, LINE 6A THE COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PERKINS LOANS AND COLLEGE WORK STUDY PROGRAMS. true East Asia and the Pacific Grantmaking 45000 Europe (Including Iceland and Greenland) Grantmaking 378000 South America Grantmaking 2000 Central America and the Caribbean Investments 918354000 East Asia and the Pacific Investments 1000 Europe (Including Iceland and Greenland) Investments 647000 South Asia Investments 1000 Sub-Saharan Africa Investments 26572000 East Asia and the Pacific Fundraising 3000 Central America and the Caribbean Program Services SEE PART V 4000 Central America and the Caribbean Program Services STUDENT RECRUITMENT 2000 East Asia and the Pacific Program Services SEE PART V 14000 East Asia and the Pacific Program Services STUDENT RECRUITMENT 13000 Europe (Including Iceland and Greenland) Program Services SEE PART V 100000 Europe (Including Iceland and Greenland) Program Services STUDENT RECRUITMENT 5000 Middle East and North Africa Program Services SEE PART V 1000 North America Program Services SEE PART V 93000 North America Program Services STUDENT RECRUITMENT 1000 North America 1 2 Program Services SCIENTIFIC STATION 10000 Russia and the Newly Independent States Program Services SEE PART V 7000 South America Program Services SEE PART V 5000 South America Program Services STUDENT RECRUITMENT 3000 South Asia Program Services SEE PART V 13000 Sub-Saharan Africa Program Services STUDENT RECRUITMENT 4000 1 2 1 2 946235000 43000 946278000 FINANCIAL AID East Asia and the Pacific 4 45000 WIRE TRANSF FINANCIAL AID Europe (Including Iceland and Greenland) 28 378000 WIRE TRANSF FINANCIAL AID South America 1 2000 WIRE TRANSF true false true true true false MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASEDDETERMINED THROUGH ANALYSIS OF A FAMILYS INCOME AND ASSETS. FAMILY INFORMATION IS COLLECTED THROUGH THE COLLEGE BOARDS CSS/FINANCIAL AID PROFILE FORM, FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND THE FAMILYS FEDERAL INCOME TAX RETURNS. EXCEPT FOR NATIONAL MERIT SCHOLARSHIPS, THE COLLEGE DOES NOT OFFER MERIT BASED AID. THE COLLEGE MAINTAINS A STUDENT AID OFFICE TO COUNSEL STUDENTS/FAMILIES ON HOW TO AFFORD A BOWDOIN EDUCATION AND TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. PROGRAM SERVICE ACTIVITIES PART I, LINE 3, COLUMN E PROGRAM SERVICES ACTIVITY INCLUDES STUDENT EDUCATION RELATED TRAVEL, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, RESEARCH, AND RELATED TRAVEL. BASIS OF ACCOUNTING PART I, LINE 3, COLUMN F THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL. true RONALD A JOYCE SEE PART IV false 57000 -57000 57000 -57000 Golf Tourney 98000 61000 37000 12000 19000 17000 1000 0 98000 61000 37000 12000 19000 17000 1000 49000 -12000 FUNDRAISING SERVICES PART I, LINE 2B, COLUMN (II) RONALD A JOYCE FUNDRAISING ACTIVITY: FUNDRAISING CONSULTING AND FEASIBILITY STUDY true TOWN OF BRUNSWICK 85 UNION STREET BRUNSWICK ME 04011 999999999 GOV'T 172200 CONTRIBUTION CONTRIBUTION BRUNSWICK DOWNTOWN ASSOCIATION PO BOX 15 BRUNSWICK ME 04011 753131242 501(c)(3) 10000 CONTRIBUTION CONTRIBUTION TOWN OF HARPSWELL PO BOX 39 HARPSWELL ME 04079 999999999 GOV'T 9500 CONTRIBUTION FIRST PARISH CHURCH 9 CLEAVELAND STREET BRUNSWICK ME 04011 830356545 501(c)(3) 15000 CONTRIBUTION THE MITCHELL INSTITUTE 75 WASHINGTON AVENUE PORTLAND ME 04101 010523390 501(c)(3) 10000 CONTRIBUTION 5 0 FINANCIAL ASSISTANCE FOR UNDERGRADUATE STUDENTS 923 37666000 STUDENT RESEARCH FELLOWSHIPS 556 1379000 GRAD. STUDENT FINANCIAL AID & POST GRAD. AWARDS 90 444000 ACADEMIC ACHIEVEMENT & OTHER STUDENT AWARDS 249 195000 MONITOR THE USE OF GRANT FUNDS PART I, LINE 2 GRANTS TO ORGANIZATIONS IN THE U.S. THE ALLOCATION OF GRANTS AND OTHER ASSISTANCE TO LOCAL ORGANIZATIONS AND MUNICIPALITIES IS DETERMINED ON AN ANNUAL BASIS BY THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER. GRANTS TO INDIVIDUALS IN THE U.S. ELIGIBILITY FOR BOWDOIN GRANT ASSISTANCE IS "NEED BASEDDETERMINED THROUGH ANALYSIS OF A FAMILYS INCOME AND ASSETS. FAMILY INFORMATION IS COLLECTED THROUGH THE COLLEGE BOARDS CSS/FINANCIAL AID PROFILE FORM, FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND THE FAMILYS FEDERAL INCOME TAX RETURNS. EXCEPT FOR NATIONAL MERIT SCHOLARSHIPS, THE COLLEGE DOES NOT OFFER MERIT BASED AID. THE COLLEGE MAINTAINS A STUDENT AID OFFICE TO COUNSEL STUDENTS/FAMILIES ON HOW TO AFFORD A BOWDOIN EDUCATION AND TO ENSURE THAT AWARDS ARE IN COMPLIANCE WITH ESTABLISHED POLICIES AND PROCEDURES. X X X X X true true X X X X true false false false false false false true false CLAYTON ROSE PRESIDENT 473368 0 0 0 4493 0 41079 0 39652 0 558592 0 0 0 MATTHEW ORLANDO SVP FINANCE & ADMIN/TREASURER 306376 0 0 0 1393 0 38940 0 23740 0 370449 0 0 0 ELIZABETH MCCORMACK DEAN FOR ACADEMIC AFFAIRS 144580 0 0 0 51377 0 0 0 6544 0 202501 0 0 0 PAULA VOLENT SVP FOR INVESTMENTS 1753370 0 1000000 0 6701 0 41079 0 28997 0 2830147 0 0 0 SCOTT MEIKLEJOHN SVP FOR DVT & ALUMNI RELATIONS 313939 0 0 0 10703 0 41129 0 14307 0 380078 0 0 0 TIMOTHY FOSTER DEAN OF STUDENT AFFAIRS 212856 0 0 0 11676 0 34271 0 32466 0 291269 0 0 0 JENNIFER SCANLON INTERIM DEAN ACADEMIC AFFAIRS 234324 0 0 0 29862 0 37785 0 34578 0 336549 0 0 0 E WHITNEY SOULE DEAN OF ADMISSIONS/STUDENT AID 212360 0 0 0 1062 0 28233 0 25508 0 267163 0 0 0 SCOTT HOOD SVP COMM & PUBLIC AFFAIRS 222160 0 0 0 3578 0 33456 0 13834 0 273028 0 0 0 SARA ORR DIRECTOR OF PRIVATE EQUITY 205000 0 175000 0 710 0 59445 0 1747 0 441902 0 0 0 STEVEN BLANC VP, INTERIM CO-HEAD OF IT 186732 0 0 0 19191 0 26701 0 4153 0 236777 0 0 0 ABBIE BROWN VP, INTERIM CO-HEAD OF IT 193833 0 0 0 20157 0 32252 0 16649 0 262891 0 0 0 ELIZABETH ORLIC VP & ASSISTANT TO PRESIDENT 200379 0 0 0 2336 0 31055 0 21534 0 255304 0 0 0 PAMELA TORREY DIRECTOR OF PARENT GIVING 98478 0 0 0 129044 0 121725 0 13655 0 362902 0 0 0 MITCHEL DAVIS FMR CHIEF INFORMATION OFFICER 104039 0 0 0 34880 0 23011 0 12689 0 174619 0 0 0 BENEFITS PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: A KEY EMPLOYEE FLEW FIRST CLASS ON A BUSINESS TRIP. UNDER THE COLLEGE'S TRAVEL AND EXPENSE REIMBURSEMENT POLICY, FIRST CLASS TRAVEL MAY BE USED ONLY UNDER EXCEPTIONAL CIRCUMSTANCES WITH APPROVAL OF SENIOR ADMINISTRATION. THE FLIGHT WAS NOT TREATED AS COMPENSATION. TRAVEL FOR COMPANIONS: SPOUSAL/PARTNER TRAVEL IS PERMISSIBLE IN INSTANCES WHERE THE PRESENCE OF A SPOUSE/PARTNER IS REQUIRED TO FURTHER A COLLEGE PURPOSE. THE AMOUNTS ARE COVERED UNDER THE COLLEGE'S EXPENSE REIMBURSEMENT POLICY. DURING THE TAX YEAR, THE ATTENDANCE OF THE PRESIDENT'S SPOUSE WAS REQUIRED AT CERTAIN COLLEGE EVENTS. RELATED TRAVEL COSTS WERE NONTAXABLE. GROSS-UP PAYMENTS: TWO KEY EMPLOYEES RECEIVED A GROSS-UP PAYMENT ON A TAXABLE GIFT OF APPRECIATION. ONE KEY EMPLOYEE AND TWO HIGHEST COMPENSATED EMPLOYEES RECEIVED A GROSS-UP PAYMENT ON A TAXABLE LENGTH OF SERVICE AWARD. HOUSING ALLOWANCE: THE COLLEGE REQUIRES THE PRESIDENT TO LIVE ON CAMPUS IN COLLEGE-PROVIDED HOUSING. THE VALUE OF THE BENEFIT IS INCLUDED IN PART II, COLUMN D FOR PRESIDENT CLAYTON ROSE. SOCIAL CLUB DUES: SOCIAL CLUB DUES WERE PAID BY THE COLLEGE ON BEHALF OF A KEY EMPLOYEE DURING CALENDAR YEAR 2017. THE DUES ARE NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS THE SOCIAL CLUB WAS USED TO CONDUCT COLLEGE BUSINESS ONLY. SEVERANCE OR CHANGE OF CONTROL PAYMENTS PART I, LINE 4A A HIGHEST COMPENSATED EMPLOYEE RECEIVED SUPPLEMENTAL WAGES IN THE AMOUNT $98,387. AN OFFICER AND A KEY EMPLOYEE OF THE COLLEGE EACH HAVE AN EMPLOYMENT AGREEMENT WITH A CONDITIONAL SEVERANCE CLAUSE. NON-FIXED PAYMENTS PART I, LINE 7 A KEY EMPLOYEE IN THE INVESTMENT OFFICE HAS AN INCENTIVE PERFORMANCE-RELATED BONUS BASED IN PART ON THE INVESTMENT PERFORMANCE OF THE BOWDOIN COLLEGE ENDOWMENT. A HIGHEST COMPENSATED EMPLOYEE RECEIVED A BONUS WHICH WAS DETERMINED AT THE DISCRETION OF A KEY EMPLOYEE. A MAINE HHEFA 010314384 5604253P3 2009-05-14 97207250 REFUNDING/CONSTRUCTION-SEE PART VI true false false B MAINE HHEFA 010314384 2017-04-03 20700000 DIR. PLACEMENT REMARKETING-PART VI false false false C MAINE HHEFA 010314384 56042RPK2 2017-12-28 35978713 ADVANCED REFUNDING - SEE PART VI false false false A 0 33960000 97207250 0 603892 0 875830 0 0 1858988 93868540 0 2012 true true true true B 0 0 20700000 0 0 0 0 0 0 0 20700000 0 2017 true false true true C 0 0 35978713 0 0 35569568 409145 0 0 0 0 0 2017 false true true true A false true false false 0.01000 0.01000 false false false true B false true false false 0 false false false true C false true false false 0.00700 0.00700 false false false true A false false false true false false 0 false 0 false true B false true false false true false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true TAX EXEMPT BONDS PART I, ROW A, COLUMN F: REFUND PRIOR BOND ISSUES - 1995B ISSUED 07/25/95, 1998A ISSUED 03/18/98, 1998C ISSUED 11/19/98, 2001C ISSUED 05/15/01, 2003B ISSUED 07/24/03, 2005A ISSUED 08/17/05, 2006B ISSUED 04/06/06. ROW B, COLUMN F: DIRECT PLACEMENT REMARKETING OF S2008 ISSUED 03/24/2008 ROW C, COLUMN F: PARTIALLY ADVANCE REFUND 2009A ISSUED 05/14/2009 OTHER SPENT PROCEEDS PART II, LINE 11, COLUMNS A&B THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS NO LONGER IN ESCROW. LEASE ARRANGEMENTS PART III, LINE 2, COLUMN B WHILE THERE ARE LEASES ASSOCIATED WITH THIS BOND FINANCED PROPERTY THE EQUITY CONTRIBUTION TO EACH PROJECT EXCEEDS THE AMOUNT OF PRIVATE BUSINESS USE. REBATE COMPUTATION PART IV, LINE 2C NA N/A 14997 scholarship benefit DAUGHTER OF TRUSTEE TRUSTEE- L. COTTON 87000 COMPENSATION false SPOUSE OF KEY EMPLOYEE KEY EMPLOYEE- S. HOOD 158000 COMPENSATION false SPOUSE OF KEY EMPLOYEE KEY EMPLOYEE- T. FOSTER 84000 COMPENSATION false X 2738 See Part II X 217 1601000 See Part II 19 false true false CONTRIBUTIONS PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. NON-CASH CONTRIBUTIONS PART I, LINE 9 205 GIFTS OF PUBLICLY TRADED SECURITIES WERE VALUED AT FAIR MARKET VALUE. 12 PLANNED GIFTS WERE VALUED AT NET PRESENT VALUE. ART - WORKS OF ART PART I, LINE 33 THE COLLEGE DOES NOT RECOGNIZE REVENUE FOR CONTRIBUTIONS OF ART OBJECTS OR BOOKS AND PUBLICATIONS. ORGANIZATION'S MISSION CORE FORM 990, PART I, LINE 1 AND PART III, LINE 1 IT IS THE MISSION OF THE COLLEGE TO ENGAGE STUDENTS OF UNCOMMON PROMISE IN AN INTENSE FULL-TIME EDUCATION OF THEIR MINDS, EXPLORATION OF THEIR CREATIVE FACULTIES, AND DEVELOPMENT OF THEIR SOCIAL AND LEADERSHIP ABILITIES IN A FOUR-YEAR COURSE OF STUDY AND RESIDENCE THAT CONCLUDES WITH A BACCALAUREATE DEGREE IN THE LIBERAL ARTS. UNRELATED BUSINESS REVENUE CORE FORM 990, PART I, LINE 7A BOWDOIN COLLEGE'S UNRELATED BUSINESS TAXABLE INCOME FOR FISCAL YEAR ENDED JUNE 30, 2018 INCLUDED INCOME CREATED UNDER IRC 512(A)(7) RELATED TO QUALIFIED TRANSPORTATION FRINGE BENEFITS. THE UNRELATED BUSINESS REVENUE REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE DOES NOT INCLUDE THE EXPENSES THAT CREATE UNRELATED BUSINESS TAXABLE INCOME UNDER IRC 512(A)(7). FORM 990 REVIEW PROCESS CORE FORM 990, PART VI, SECTION B, LINE 11B IN APRIL, A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE PRESIDENT AND THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER FOR THOROUGH REVIEW IN ADVANCE OF REGULARLY SCHEDULED BOARD OF TRUSTEES MEETINGS AND FILING WITH THE INTERNAL REVENUE SERVICE (IRS) IN MAY. SUBSEQUENT TO THIS REVIEW, A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE CHAIRMAN OF THE BOARD AND THE CHAIR OF THE AUDIT, RISK, AND REPUTATION COMMITTEE. ALL OTHER TRUSTEES ARE PROVIDED A PUBLIC DISCLOSURE COPY OF FORM 990 FOR REVIEW. THE SCHEDULE B AS FILED WITH THE IRS IS AVAILABLE TO ALL TRUSTEES, UPON REQUEST ONLY, AT THE BOARD OF TRUSTEES MEETINGS IN MAY. THE FORM 990 IS FILED WITH THE IRS AFTER THE TRUSTEES REVIEW AND APPROVE THE FORM AT THESE MEETINGS. CONFLICT OF INTEREST POLICY CORE FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE SURVEYS ANNUALLY ALL MEMBERS OF THE BOARD, ALL OFFICERS OF INSTRUCTION, AND ALL OFFICERS OF ADMINISTRATION AS TO POTENTIAL CONFLICTS OF INTEREST. SURVEYS ARE REVIEWED BY THE PRESIDENT, THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND TREASURER, AND THE LEGAL OFFICER AND ASSISTANT SECRETARY OF THE COLLEGE. THE RESULTS OF THE SURVEY ARE REPORTED TO THE AUDIT, RISK, AND REPUTATION COMMITTEE AND TO THE BOARD OF TRUSTEES. ISSUES ARE DISCUSSED WITH LEGAL COUNSEL. COMPENSATION POLICY CORE FORM 990, PART VI, SECTION B, LINE 15 IN ACCORDANCE WITH TREASURY REGULATION 53.4958-6 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, ACTING AS A COMPENSATION COMMITTEE, ANNUALLY REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT AND SENIOR MANAGEMENT OFFICIALS. IN ALL CASES, THE EXECUTIVE COMMITTEE CONSIDERS COMPENSATION SURVEYS AND COMPETITIVE MARKET DATA. FOR SENIOR MANAGEMENT, THE PRESIDENT PROVIDES THE EXECUTIVE COMMITTEE WITH RECOMMENDED CHANGES TO COMPENSATION LEVELS. THE EXECUTIVE COMMITTEE DOCUMENTS SUCH DECISIONS IN ITS MINUTES WHERE APPROPRIATE. PUBLIC DISCLOSURE CORE FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATIONS WEBSITE AT WWW.BOWDOIN.EDU/FINANCE/FINANCIAL-DOCUMENTS. Form 990 Part XI Line 9 NET UNREALIZED GAIN ON INTEREST RATE SWAP $1,470,000 POSTRETIREMENT-RELATED CHANGES OTHER THAN NET PERIODIC COST ($676,000) NET CHANGE IN ANNUITY AND LIFE INCOME FUNDS $75,000 GAIN ON ASSET RETIREMENT OBLIGATION $10,000 LOSS ON ADVANCE REFUNDING ($1,610,000) UNAMORTIZED BOND ISSUE DISCOUNTS/COSTS ($589,000) UNCOLLECTIBLE PLEDGES ($354,000) ---------- TOTAL ($1,674,000) POLAR BEAR INVESTMENTS LLC 5400 COLLEGE STATION BRUNSWICK ME 04011 043375078 INVESTMENTS ME 0 150714256 BOWDOIN TP PARTNERSHIP PO BOX 770 ASHLAND KY 41105 550648835 INVESTING KY NA EXCL. 512, 513, 514 1 42356 false true 0.56022 POOLED INCOME FUNDS (3) INVESTING BOWDOIN Trust true CHARITABLE REMAINDER TRUSTS (11) INVESTING BOWDOIN Trust true false false false false false false false false false false false false false false false false false false true POOLED INCOME FUND B s 605825 FMV POOLED INCOME FUND C s 92253 FMV POOLED INCOME FUNDS AND CHARITABLE REMAINDER TRUSTS DOMICILED PART IV THERE ARE 3 POOLED INCOME FUNDS REPORTED IN PART IV. ALL ARE DOMICILED IN MAINE. THERE ARE 11 CHARITABLE REMAINDER TRUSTS REPORTED IN PART IV. 9 ARE DOMICILED IN MAINE, 1 IN NEW YORK AND 1 IN CALIFORNIA.