2018-05-11T14:38:33-05:00 2017-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2016-07-01 061627882 GOODWIN COLLEGE INC GOOD 8607276906 ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 MARK SCHEINBERG PRESIDENT 8607276906 2018-05-10 1 JOHN TOSCANO P00358542 9592007000 2018-05-07 2016 2022-09-23 18:48:47Z MARK SCHEINBERG ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 72747152 0 X www.goodwin.edu X 2001 CT See Schedule O 20 19 823 0 -930522 -930522 12610754 4804919 69360199 64959320 226115 47316 492639 555618 82689707 70367173 14576603 13500463 0 0 31845767 25379332 0 0 366583 25571969 21128657 71994339 60008452 10695368 10358721 236210647 236837035 48442975 43464089 187767672 193372946 X the mission of goodwin college is to educate a diverse student population in a dynamic environment that aligns education, commerce and community. our innovative programs of study prepare students for professional careers while promoting lifelong learning and civic responsibility. as a nuturing college community we challenge students, faculty, staff and administration to fully realize their highest academic, professional and personal potential. 0 0 51482516 13500463 65917026 GOODWIN COLLEGE IS AUTHORIZED TO CONFER BACCALAUREATE DEGREES, ASSOCIATE DEGREES AND ONE AND TWO-YEAR CERTIFICATE PROGRAMS. TO THIS END, GOODWIN COLLEGE CREATES AN EDUCATIONAL ENVIRONMENT THAT BLENDS PROFESSIONAL PREPARATION WITH DEVELOPMENT OF CRITICAL THINKING SKILLS AND AN APPRECIATION OF THE HUMANITIES, ARTS AND SCIENCES; EDUCATES STUDENTS IN AN ENVIRONMENT THAT CELEBRATES DIVERSE CULTURES, AGES, EXPERIENCES AND OPINIONS; ENRICHES OUR LOCAL AND GLOBAL COMMUNITIES BY FORMING COLLABORATIVE RELATIONSHIPS THAT CREATE EDUCATIONAL, ECONOMIC AND CULTURAL BENEFITS; AND ASSISTS OUR GRADUATES WITH IDENTIFYING AND SECURING CAREER AND GROWTH OPPORTUNITIES. 51482516 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 1 5328 0 1 823 1 1 1 0 0 0 0 0 0 0 0 0 X 20 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X Edwin Meyer Jr CPA 8607276906 One Riverside Drive East Hartford CT 06118 Frank amodio trustee 2.00 0.70 X 0 0 0 KEVIN Armata Trustee 2.00 0.30 X 0 0 0 Dr sherry bernier Trustee 2.00 0.30 X 0 0 0 michele bush trustee 2.00 0.60 X 0 0 0 EDWARD CASARES Trustee 2.00 0.30 X 0 0 0 KAREN Chadderton outgoing Trustee 2.00 0.30 X 0 0 0 MERILEE DEJohn Trustee 2.00 0.50 X 0 0 0 MARTIN D'ERAMO Trustee 2.00 0.30 X 0 0 0 ANTHONY DIFATTA Trustee 2.00 0.40 X 0 0 0 MARIA ELLIS Chair 2.00 0.70 X X 0 0 0 Dr ETHAN Foxman Trustee 2.00 1.00 X 0 0 0 DONNA GALLUZZO Trustee 2.00 0.30 X 0 0 0 JACKIE Jacoby Trustee 2.00 1.00 X 0 0 0 adam jeamel trustee 2.00 0.30 X 0 0 0 A RAYMOND Madorin Treasurer 2.00 0.70 X X 0 0 0 JULIO MATURANA Trustee 2.00 0.30 X 0 0 0 MEGAN Mehr Trustee 2.00 0.50 X 0 0 0 judy resnick trustee 2.00 0.60 X 0 0 0 MARK SCHEINBERG President, Secretary 40.00 10.00 X X 460176 0 38817 SE-MIN Sohn Vice Chair 2.00 0.70 X X 0 0 0 ALAN Veniscofsky outgoing trustee 2.00 0.30 X 0 0 0 JOHN WALTERs TRUSTee 2.00 0.30 X 0 0 0 Edwin MEYER vp of finance 40.00 10.00 X 108088 0 40672 ANN Clark evp & provost 50.00 X 230257 0 32244 BRYANT Harrell VP of Facilities & IT 50.00 X 159642 0 21959 TODD andrews VP for Economic & Strategic Development 45.00 5.00 X 197832 0 38419 daniel noonan VP Enrollment Services 50.00 X 156853 0 43138 BROOKE PENDERS VP OF ADVANCEMENT 25.00 25.00 X 122247 0 26250 danielle wilken VP ACADEMIC AFFAIRS 50.00 X 131252 0 28953 janice watts dept. chair & ass. Prof. 50.00 X 114953 0 7719 JERRY emlet Former CFO 50.00 X 157525 0 7421 1838825 0 285592 18 1 1 0 REACH LOCAL inc 745 Boylston St 7fl Boston MA 02116 advertising services 1039580 ssc inc PO BOX 135 BRATTLEBORO VT 053020135 secuRITY service 611844 ZUVIC CARR AND ASSOCIATES INC 40 COLD SPRING ROAD ROCKY HILL CT 06067 ENVIRONMENTAL SERVICES 573430 Svigals & Partners 84 Orange Street new haven CT 06510 Architecture & Engineering 518025 Loureiro Contractors Inc 100 northwest drive plainville CT 06062 construction service 323478 27 408491 4032551 363877 4804919 Tuition & Fees 611600 64959320 64959320 64959320 39010 39010 1392552 1979654 -587102 -587102 -930522 343420 8306 0 8306 8306 8306 556032 400325 155707 155707 Miscellanous Income 611600 862013 801999 60014 gain from purchase of 611600 125000 125000 987013 70367173 65917026 -930522 575750 13500463 13500463 1117238 1117238 20776010 17930925 2565571 279514 475761 405928 62972 6861 1177191 1022060 139890 15241 1833132 1593988 215649 23495 141918 141918 161115 161115 44000 44000 1757855 1445189 312666 3106668 2977989 128679 657813 445393 200356 12064 943989 820839 111051 12099 119428 116377 3051 991781 892603 99178 5788082 5209274 578808 509451 447165 56167 6119 student expense 2060915 2060915 repairs and maintenance 1485040 1354772 130268 BAD DEBT EXPENSE 1444899 1444899 licenses and permits 481903 454982 26921 1433800 803654 618956 11190 60008452 51482516 8159353 366583 29836339 33340913 6594725 4082307 2751231 2091918 334585 271394 964437 1034448 220920021 30081360 192873382 190838661 2855948 5177394 236210647 236837035 6963136 5965872 8844906 7632187 32555219 28329467 79714 1536563 48442975 43464089 X 187062345 192683181 705327 689765 187767672 193372946 236210647 236837035 X 10358721 -4753447 X X 0 1 X 1 1 1 X 56086453 44882347 15120066 12610754 4804919 133504539 56086453 44882347 15120066 12610754 4804919 133504539 133504539 174472 46604 112417 313277 382430 1029200 350000 225000 44912 363203 188203 1171318 135705057 324539584 0.98380 0.98760 X Schedule A, Part II, Line 10, Explanation of Other Income: miscellaneous - 2014 Amount: $ 44,912. 2015 Amount: $ 63,203. 2016 Amount: $ 63,203. purchase discount - 2012 Amount: $ 350,000. 2013 Amount: $ 225,000. 2015 Amount: $ 300,000. 2016 Amount: $ 125,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 44000 0 0 44000 0 Part II-B, Line 1: REPRESENTATION ON LEGISLATIVE ISSUES AFFECTING PRIMARY, SECONDARY AND HIGHER EDUCATION. 722100 X 0 9125744 558115 833500 516146 10001213 8725374 582546 251729 433905 9125744 8676876 687529 -262580 115918 260533 8725374 7911131 712136 628015 51339 523067 8676876 5313619 2938759 -13024 95250 232973 7911131 0.86600 0.09000 0.04400 0 1 1 25754339 25754339 173194990 21674082 151520908 3722673 996229 2726444 13070385 7411049 5659336 5177634 5177634 190838661 Refundable advances 754280 deficit in earnings of subsidiaries 782283 1536563 X Part III, Line 4: THE COLLEGE'S COLLECTIONS ARE DISPLAYED THROUGHOUT THE CAMPUS FOR THE CULTURAL ENRICHMENT OF THE STUDENT POPULATION. Part V, Line 4: Endowment earnings are primarily to be used to award scholarships to full and part-time students of the college. Part X, Line 2: THE COLLEGE HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2017. THE COLLEGE'S FEDERAL and state TAX FILINGS PRIOR TO FISCAL YEAR 2014 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE COLLEGE HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The College publicizes its racial nondiscrimination policy through newspaper and radio advertisements during student solicitation periods, on it's website and in it's student catalog. Schedule E, Part I, Line 6 THE COLLEGE PARTICIPATES IN THE FEDERAL STUDENT FINANCIAL AID PROGRAM; ACCORDINGLY THE COLLEGE RECEIVES VARIOUS FUNDS FROM THE DEPARTMENT OF EDUCATION, INCLUDING DIRECT LOAN, PELL, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (SEOG) AND FEDERAL WORK STUDY FUNDS IN PAYMENT OF STUDENT TUITION AND FEES. THE COLLEGE PERIODICALLY RECEIVES OTHER MISCELLANEOUS FEDERAL GRANT FUNDING BASED UPON ITS NEEDS AT THE TIME OF FUNDING. 1 financial aid 4314 13500463 FMV institutional aid applied to the students' accounts. form 990 schedule i SCHEDULE I, PART I, LINE 2: THE COLLEGE AWARDS SCHOLARSHIPS AND OTHER ASSISTANCE TO QUALIFIED INDIVIDUALS ON THE BASIS OF FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. THE AWARDING OF FUNDS IS MONITORED BY THE COLLEGE'S FINANCIAL AID OFFICE, WHERE A COMPLETE LISTING OF RECIPIENTS IS ALSO MAINTAINED. X X 1 1 X X X X X X 1 0 0 0 0 0 0 1 0 MARK SCHEINBERG President, Secretary 402042 0 57925 0 209 0 24625 0 14192 0 498993 0 0 0 ANN Clark evp & provost 217002 0 12705 0 550 0 23588 0 8656 0 262501 0 0 0 BRYANT Harrell VP of Facilities & IT 149336 0 9923 0 383 0 21743 0 216 0 181601 0 0 0 TODD andrews VP for Economic & Strategic Developm 186911 0 10395 0 526 0 23004 0 15415 0 236251 0 0 0 daniel noonan VP Enrollment Services 147475 0 8978 0 400 0 22154 0 20984 0 199991 0 0 0 danielle wilken VP ACADEMIC AFFAIRS 119587 0 11340 0 325 0 21187 0 7766 0 160205 0 0 0 JERRY emlet Former CFO 52095 0 7560 0 97870 0 1986 0 5435 0 164946 0 0 0 Part I, Line 4a The former VP Finance and Administration received a severance payment of $75,000, which is included in other reportable income in column (B)(iii). Part I, Line 7 Performance-based bonuses were determined for and paid to all listed individuals, other than the President of the College, through recommendations from the Executive Vice President & Provost and the Vice President of Human Resources to the President of the college. The President's performance-based bonus was determined and approved by the Executive Committee of the Board of Directors. The President did not participate in its determination. INTEGRATED HEALTH SERVICES INC Spouse of the College's President is the CEO of Integrated Health Services 86889 health service provider to the college and its related entities 0 Form 990, Part I, Line 1 Goodwin College seeks to address gaps in higher education opportunity in the state of Connecticut by crafting programs and services to enable low-income and minority students to earn college degrees at a higher rate than is generally achieved at publicly-funded institutions but at a lower financial cost than other private colleges. Over half of Goodwin's graduates were the first in their families to attend and complete college. Goodwin College's academic programs, which include twelve baccalaureate programs and a range of associate degrees and certificates, are tied to workforce needs, helping to ensure the employability of graduates. In addition, Goodwin is exploring various program initiatives that will lead to a master degree. Many of Goodwin College's students thrive in a supportive academic environment, but require individualized support services to overcome obstacles to educational completion. To serve this population, Goodwin provides one-on-one advising, case-management, and counseling services, as well as tutoring and peer-mentoring. One such program, the Goodwin Achievement Program (GAP), offers foundational classes at no charge to students whose reading and math skills fall below college-level proficiency. The College also supports initiatives targeted at closing the educational achievement gap, including the Men of Vision in Education (MOVE) and Women Invested in Seeking Education (WISE), which provide financial aid, case management, and mentorship for young men and women from minority backgrounds, and Summer Bridge, a college readiness program for urban high school graduates. Goodwin College promotes teaching excellence among its faculty by promoting professional development and assessment. Goodwin faculty are supported in their individual research endeavors, with an emphasis is placed on those activities which best translate to student success inside and outside the classroom. To help promote a culture of teaching excellence, Goodwin provides a grant program to inspire innovation and improvement in program development. Form 990, Part VI, Section A, line 2 MARK SCHEINBERG AND EDWIN MEYER SHARE A FAMILY RELATIONSHIP. Form 990, Part VI, Section B, line 11b THE FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE, AUDIT AND RISK MANAGEMENT COMMITTEE, AND THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THE APPROPRIATE OFFICER OF THE COLLEGE IS THEN INFORMED OF THE APPROVAL FOR FILING AND THE RETURN IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, line 12c A compliance review is conducted annually on the conflict of interest policy. The Board of Directors reviews all policies annually with the assistance of staff and the Board Liaison. Form 990, Part VI, Section B, line 15 The review of top management and key employees salaries are reviewed by an independent compensation committee who compares their salaries to top management and key employee's salaries of other colleges. The board approves the salaries once the compensation committee reviews them. Form 990, Part VI, Section C, line 19 The Form 990 and governing documents are available upon request. Form 990, Part XI, line 9: Income from subsidiary - Great river land trust 94,313. loss from subsidary - River campus -354,987. Provision for uncollectable gov't grants & contracts -3,073,111. Transfer of net assets to gcms, inc. EIN 81-0703802 -1,419,662. FORM 990, PART XII, LINE 2C: THE COLLEGE'S OVERSIGHT AND SELECTION PROCESSES HAVE NOT CHANGED DURING THE TAX YEAR. CAMPUS REALTY LLC 1 Riverside Drive EAST HARTORD CT 06118 208782395 Residential Real Estate Rentals CT 884988 13795977 GOODWIN COLLEGE INC GOODWIN COLLEGE KING COURT LLC 1 riverside Drive eAST HARTORD CT 06118 residential Real Estate Rentals CT 166997 3547669 goodWIN COLLEGE INC Connecticut Training Center Inc 1137 MAIN STREET EAST HARTFORD CT 06108 223235660 EDUCATION CT 501(c)(3) Line 2 N/A 1 GREAT RIVER LAND TRUST INC 1 RIVERSide Drive EAST HARTFORD CT 06118 454128786 LAND PRESERVATION CT 501(c)(3) Line 7 GOODwin college inc 1 GOODWIN COLLEGE FOUNDATION INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 061599388 fundraising CT 501(c)(3) Line 10 gOODwin college inc 1 GOODWIN COLLEGE MAGNET SCHOOLS INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 810703802 EDUCATION CT 501(c)(3) Line 2 GOODwin college inc 1 GOODWIN COLLEGE EDUCATION SERVICES INC ONE RIVERSIDE DRIVE EAST HARTFORD CT 06118 810703551 SUPPORT FOR GOODWIN COLLEGE MAGNET SCHOOLS CT 501(c)(3) Line 12b, II GOODWIN college inc 1 RIVER CAMPUS INC 1 RIVERSIDE DRIVE EAST HARTFORD CT 06118 202503170 REAL ESTATE HOLDINGS CT goodwin college inc C 2025155 1.00000 1 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 0